UK Home Secretary has certified India’s Enforcement Directorate(ED) extradition request for fugitive diamond dealer Nirav Modi.He is wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case. Extradition is simply the surrender of a criminal to one country by another.The process is regulated by treaties between the two countries.Extradition is governed by the… Continue reading Nirav extradition to start soon: ED
Category: Daily Factly articles
Release of Dictionary of Martyrs of India’s Freedom Struggle (1857-1947)
Prime minister has released the Dictionary of Martyrs of India’s Freedom Struggle in New Delhi.The dictionary consists of Information of about 13,500 martyrs which has been recorded in different volumes. The project for compilation of “Dictionary of Martyrs” of India’s Freedom Struggle was commissioned by the Ministry of Culture, to the Indian Council of Historical… Continue reading Release of Dictionary of Martyrs of India’s Freedom Struggle (1857-1947)
Only 3.32 lakh MSME jobs created in last four years, finds CII survey
According to the report on ‘Survey on Jobs Creation and Outlook in MSME Sector’ Micro,Small and Medium Enterprises(MSMEs) sector was the largest job creator amongst all the sectors in the last four years. The sectors which created employment were (a)hospitality (b)tourism, (c)textiles and apparel (d)metal products (e)Machinery parts (f)transport and (g)logistics.Further,states which created large number… Continue reading Only 3.32 lakh MSME jobs created in last four years, finds CII survey
ArcelorMittal to take over debt-ridden Essar Steel
The National Company Law Tribunal (NCLT) has approved the bid of Arcelor-Mittal for the takeover of debt-ridden Essar Steel. The approval comes after the National Company Law Appellate Tribunal (NCLAT) had directed NCLT to take a decision on ArcelorMittal’s offer for Essar Steel plant by 8 March,2019. Under Insolvency and Bankruptcy Code(IBC),National Company Law Tribunal… Continue reading ArcelorMittal to take over debt-ridden Essar Steel
Cabinet approves “FMBAP” for Flood Management Works in entire country
The Union Cabinet has approved the “Flood Management and Border Areas Programme (FMBAP)” for Flood Management Works in entire country. The Scheme “FMBAP” has been framed by merging the components of two continuing schemes which are “Flood Management Programme (FMP) and River Management Activities and Works related to Border Areas (RMBA). The aim of the… Continue reading Cabinet approves “FMBAP” for Flood Management Works in entire country
Opposition plans to take VVPAT demand to Supreme Court
Opposition parties are planning to move the Supreme Court over its demand of keeping 50% VVPATs in the counting of election results. The Opposition’s demand is for a count of 50% of the VVPAT slips,as opposed to the current system of counting VVPAT slips in one randomly selected booth of each constituency.It is aimed at… Continue reading Opposition plans to take VVPAT demand to Supreme Court
Cancer drugs 87% cheaper after trade margin cap
Government has announced that maximum retail price(MRP) of 390 non-scheduled cancer medicines have been reduced by up to 87% Earlier,National Pharmaceutical Pricing Authority (NPPA) had invoked powers under Drugs (Prices Control) Order, 2013 and brought 42 non-scheduled anti-cancer drugs under price control by capping trade margin at 30%. The trade margin is the difference between… Continue reading Cancer drugs 87% cheaper after trade margin cap
China plans new foreign investment law
China has proposed a draft bill on foreign investment to address US concerns amid the ongoing talks on trade deal with the United States. The bill addresses key concerns of foreign investors, such as (a)intellectual property rights (IPRs) protection and (b)market access (c)Technology transfer and (d)unfair competition. The draft law states that state shall protect… Continue reading China plans new foreign investment law
Taliban denies discussing ceasefire with the U.S
Taliban has denied that it has been discussing a ceasefire and reconciliation with the Afghanistan government during meeting with the US in Doha,Qatar. Taliban and US are currently focusing on four key issues that are going to decide any future agreement and the issues are (a)counterterrorism (b)troop withdrawal (c)intra-Afghan dialogue and (d)ceasefire. The two sides… Continue reading Taliban denies discussing ceasefire with the U.S
SBI links savings account, short term loan rates to repo rate
State Bank of India (SBI) has decided to link its interest rate on savings account with balance above ₹1 lakh and short-term loans to Reserve Bank of India’s (RBI) repo rate. Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI.It is one of the main tools… Continue reading SBI links savings account, short term loan rates to repo rate
