According to experts,the Reserve Bank of India’s Monetary Policy Committee (MPC) may cut the interest rate to boost up the economic growth which dropped to a five-year low in the final quarter of 2018-19. The rate cut is needed to address weakening credit availability as Non-banking financial companies(NBFCs) remain in turmoil representing a significant bottleneck… Continue reading RBI may cut interest rate by at least 25 bps on June 6: Experts
Category: Daily Factly articles
U.S. visa process needs social media profiles now
The US has announced that all applicants for US visas will have to submit their social media details under newly adopted rules. The rule to expand social media history data collection to all immigrant and non-immigrant visa applicants was first taken in April 2018.This decision was an outcome of US President desire to put in… Continue reading U.S. visa process needs social media profiles now
Kerala man being examined for Nipah, no confirmation yet
The National Centre for Disease Control (NCDC) is investigating a sample from a man in Kerala who is suspected to be carrying the Nipah virus. Previously, in 2018, there was a Nipah outbreak in Kerala which claimed 17 lives in Kozhikode and Malappuram districts of the state. Nipah Virus is a zoonotic virus i.e. transmitted… Continue reading Kerala man being examined for Nipah, no confirmation yet
Heat wave to continue for a couple of days: IMD
The India Meteorological Department has said that severe heat wave conditions will continue in many parts over the next couple of days, especially in Rajasthan and several parts of north and central India. A heat wave is a period of abnormally high temperatures-more than the normal maximum temperature that occurs during the summer season. Heat… Continue reading Heat wave to continue for a couple of days: IMD
Scholarship for wards of defence personnel hiked
The Indian Prime Minister has approved major changes in the Prime Minister’s scholarship scheme under the National Defence Fund. Prime Minister’s Scholarship Scheme (PMSS)’ seeks to to encourage technical and post-graduate education for the widows and wards of the deceased/ex-service personnel of Armed Forces and Para Military Forces and Railway Protection Force The rates of… Continue reading Scholarship for wards of defence personnel hiked
Below normal rainfall likely in northwest, northeast: IMD
The India Meteorological Department (IMD) has predicted a normal monsoon, with the country as a whole set to receive 96% of the long period average (LPA) rainfall. However, northwest and northeast India will receive below normal rainfall. The IMD defines normal rainfall as between 96% and 104% of the Long Period Average (LPA). If the… Continue reading Below normal rainfall likely in northwest, northeast: IMD
E-cigarettes pose public health risk, says ICMR
The Indian Council of Medical Research (ICMR) in its white paper on Electronic Nicotine Delivery System (ENDS), published on the eve of World No Tobacco Day, has said that ENDS adversely affects almost all the human body systems. It has recommended a complete ban on e-cigarettes and other ENDS. The ICMR has noted that e-cigarettes… Continue reading E-cigarettes pose public health risk, says ICMR
Guterres appoints Indian-origin Anita Bhatia as UN-Women’s dy executive director
Anita Bhatia, a person of Indian-origin, has been appointed by UN Secretary-General Antonio Guterres as the Assistant Secretary-General and Deputy Executive Director of the UN Entity for Gender Equality and the Empowerment of Women (UN Women). UN Women is the UN entity dedicated to gender equality and the empowerment of women. The UN Women supports… Continue reading Guterres appoints Indian-origin Anita Bhatia as UN-Women’s dy executive director
U.S. reiterates threat of sanctions over Triumf deal
An US official has said that India should not assume that it will get a waiver from U.S. sanctions if it goes ahead with its purchase of the S-400 Triumf missile system from Russia. Further, Indo-U.S. defence relationship might also get affected. India’s planned defence procurement of S-400 Triumf missile system from Russia could potentially… Continue reading U.S. reiterates threat of sanctions over Triumf deal
GDP growth slumps to 5.8%
According to data released by the Central Statistics Office (CSO), India’s quarterly GDP growth has declined to a five-year low of 5.83% in the last year (January-March) of FY19. Overall growth for FY19 also declined to a five-year low of 6.8%. China’s economy, in comparison, grew 6.4% in the last quarter but for the full… Continue reading GDP growth slumps to 5.8%
