Ministry of Corporate Affairs(MCA) and the Securities and Exchange Board of India(SEBI) has signed a Memorandum of Understanding (MOU) for data exchange between the two regulatory organizations. The MoU comes in the backdrop of increasing need for surveillance in the context of Corporate Frauds affecting important sectors of the economy. The MoU will facilitate the… Continue reading SEBI, MCA sign pact for more data scrutiny
Category: Daily Factly articles
Bill: Ease green card cap on STEM students
The US Democratic Party senators have introduced a bill called “Keep STEM Talent Act of 2019”. The bill aims at removing unfair barriers for science, technology, engineering and maths-educated international students who want to work in the US after completing their degrees. The bill provides that STEM graduates could obtain green card if two conditions… Continue reading Bill: Ease green card cap on STEM students
SBI to offer home loan linked to repo rate
State Bank of India(SBI) has announced to introduce a repo rate-linked home loan product from July 1,2019.This move seems to be in line with the RBI ‘s direction to the banks to link home loans to an external benchmark. SBI had taken this decision even though RBI had deferred the plan to link the rate… Continue reading SBI to offer home loan linked to repo rate
Indians turn pessimistic as job worries weigh on confidence :survey
The Reserve Bank of India has released the results of the May,2019 round of its Consumer Confidence Survey (CCS). The survey was conducted in 13 Indian cities and was based on responses from several households.The survey indicates optimism above 100 and pessimism below that mark. The survey seeks qualitative responses from households regarding their sentiments… Continue reading Indians turn pessimistic as job worries weigh on confidence :survey
Ai-Da, the robot, charms with her art
The exhibition of art created by a humanoid Artificial intelligence (AI) robot named as Ai-Da was unveiled recently at the University of Oxford. Aida is the world’s first ultra-realistic humanoid artist able to draw creatively due to an in-built AI technology. Ai-Da is named after British mathematician and computer pioneer Ada Lovelace.The collection of art… Continue reading Ai-Da, the robot, charms with her art
In a first, trains services opened in Arctic
Russia has launched the first tourist train to Arctic region.The train will travel through Russia’s Arctic region on to Norway. It set off from St. Petersburg station with passengers aboard. The train has been named as Zarengold.It has two restaurant cars and the whole trip is expected to take 11 days and will allow passengers… Continue reading In a first, trains services opened in Arctic
Draft National Education Policy moots all-India entrance tests for UG courses in public colleges
The Draft national Education Policy, 2019 has recommended that there should be common (all-India) entrance examinations for admissions to undergraduate courses in all government-funded universities and colleges, w.e.f. 2020. Further, private universities should also be encouraged to make use of the common admission tests. It has suggested that the National Testing Agency (NTA) should conduct… Continue reading Draft National Education Policy moots all-India entrance tests for UG courses in public colleges
Thaawarchand Gehlot leaves for Buenos Aires to participate in 2nd Global Disability Summit
Union Social Justice and Empowerment minister has left for Buenos Aires to participate in the 2nd Global Disability Summit to be held during 6-8 June,2019. The summit is hosted by the Government of Argentina Republic,the International Alliance Disability(IDA) and the Latin American Network of Non-Governmental Organizations of Persons with Disabilities and their Families(RIADIS). The objective… Continue reading Thaawarchand Gehlot leaves for Buenos Aires to participate in 2nd Global Disability Summit
Sunder Pichai, Nasdaq’s Friedman to receive 2019 Global Leadership Award
Google’s India-born CEO Sundar Pichai and Nasdaq president Adena Friedman have been chosen for the prestigious Global Leadership Awards 2019. The award is given annually since 2007 by the Washington-based US-India Business Council (USIBC). The award recognises top corporate executives from the United States and India whose companies has played a major role in catalysing… Continue reading Sunder Pichai, Nasdaq’s Friedman to receive 2019 Global Leadership Award
CII launches new Index to measure fiscal performance
Confederation of Indian Industry(CII) has launched a Fiscal Performance Index(FPI).The index is an innovative tool using multiple indicators to study the quality of Budgets at the Central and State levels. The index has been constructed using UNDP’s Human Development Index methodology. The Index incorporates qualitative assessments of (a)revenue expenditure (b)capital expenditure (c)revenues (d)fiscal prudence and… Continue reading CII launches new Index to measure fiscal performance
