The Reserve Bank of India(RBI) has allowed asset reconstruction companies (ARCs) to acquire financial assets from other ARCs in a bid to accelerate timely resolution of stressed assets. Earlier,ARCs could acquire financial assets from other ARCs only when they had some exposure to the asset that was being bought. However,the transfer of assets by one… Continue reading RBI allows ARCs to buy financial assets from peers
Category: Daily Factly articles
State divide in unemployment: Nagaland 21.4%, Meghalaya 1.5%
The Periodic Labour Force Survey(PLFS) for 2017-18 reflects huge variations among the states in terms of the unemployment rate.The survey reflects the overall unemployment rate in India at 6.1%. Unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all… Continue reading State divide in unemployment: Nagaland 21.4%, Meghalaya 1.5%
National mission on natural language translation soon
The Ministry of Electronics and IT will soon place before the Union Cabinet a ₹450 crore proposal for Natural Language Translation. It is one of the key missions identified by the Prime Minister’s Science, Technology and Innovation Advisory Council(PM-STIAC). The mission aims to make science and technology accessible to all by facilitating access to teaching… Continue reading National mission on natural language translation soon
India beats U.S. at WTO in renewable energy case
India has won a major trade dispute against the United States at the World Trade Organization(WTO). The WTO dispute resolution panel has ruled that US domestic content requirements and subsidies provided by eight of its states in the renewable energy sector are violative of global trade norms. The panel concluded in its ruling that the… Continue reading India beats U.S. at WTO in renewable energy case
New National Rubber Policy
The Minister of Commerce and Industry has informed the Lok Sabha about the New National Rubber Policy. The Department of Commerce brought out the National Rubber Policy in March 2019. The National Rubber Policy includes several provisions to support the Natural Rubber(NR) production sector and the entire rubber industry value chain. The Policy is based… Continue reading New National Rubber Policy
Cyber Coordination Centre
Minister of State for Home Affairs has informed the Rajya Sabha about the Cyber Coordination Centre(CyCord) portal. Cyber Coordination Centre (CyCord) portal was launched by Prime Minister in 2018 at DGPs/IGPs Conference. It as a one-stop platform for sharing all cyber related matters amongst Law Enforcement Agencies(LEAs),government organizations and other stakeholders. The primary objective of… Continue reading Cyber Coordination Centre
Narendra Modi, Shinzo Abe discuss economy, bullet train
Indian PM and Japanese PM has held bilateral talks in Osaka,Japan. This was the first such meeting between the two leaders since the start of Japan’s Reiwa era. Reiwa is the era of Japan which began on 1st May,2019 during which the next Japanese Emperor took up the throne as the 126th Emperor of Japan.… Continue reading Narendra Modi, Shinzo Abe discuss economy, bullet train
G-20 summit: Corruption key focus area, India works hard to get strong para into Osaka declaration
Indian Prime Minister is attending the 2019 G20 Summit held in Osaka, Japan. The summit is the 14th such gathering.The theme of the G20 summit 2019 is human-centred future society. After this summit,India will become part of the troika that includes the next set of G20 chairs – Saudi Arabia (2020), Italy (2021) and India… Continue reading G-20 summit: Corruption key focus area, India works hard to get strong para into Osaka declaration
European heat wave? It’s the new normal
The countries across Europe are experiencing record-breaking heat waves.The heatwave has already caused flash floods and forest fires grounded planes and buckled train tracks and led to school closures and warnings over air quality. There is no universally accepted definition of a heatwave due to variations in climate conditions in different world regions.Typically though,they are… Continue reading European heat wave? It’s the new normal
Cut logistics cost to 9% of GDP, Goyal tells States
Commerce and Railways Minister has asked the various transport Ministries to find ways to reduce logistics costs in the country to 9% of GDP by 2022 from the current 14%. Commerce minister also reviewed the draft National Logistics Policy and the proposed action plan for implementation of the policy. The draft policy has been prepared… Continue reading Cut logistics cost to 9% of GDP, Goyal tells States
