The Competition Commission of India(CCI) is looking into allegations against Maruti Suzuki for resorting to anti-competitive practices. The allegation is that Maruti Suzuki has forced its dealers to limit the discounts they offer which had effectively stifled the competition among the dealers.It had also harmed the consumers who could have benefited from lower prices if… Continue reading CCI probing if Maruti forced its dealers to limit their discounts
Category: Daily Factly articles
Indian peacekeeper to be honoured posthumously with UN medal
The United Nations has announced that it has decided to honour the Indian peacekeeper with a prestigious UN Dag Hammarskjold Medal for courage and sacrifice in the line of duty. Indian UN Peacekeeper had made the sacrifice while serving in the UN Organisation Stabilisation Mission in the Democratic Republic of the Congo(MONUSCO).This award will be… Continue reading Indian peacekeeper to be honoured posthumously with UN medal
UK scraps landing Cards for Indians, others at airports
The UK government has decided to scrap the requirement of filling out landing cards by international travellers coming to the UK from countries like India. Earlier,landing cards were required for all passengers arriving by air or sea from outside the European Economic Area(EEA). A UK landing card (or arrival card) were issued to non-EEA travelers… Continue reading UK scraps landing Cards for Indians, others at airports
Bangladesh halts visas for Pakistani nationals
Bangladesh has halted issuance of visas to Pakistani nationals.It was stopped after the Bangladesh diplomat’s visa-extension application has not been cleared by the Pakistan government. Pakistan has delayed the renewal of the visa after Bangladesh had refused to accept the nomination of the new high commissioner of Pakistan to Bangladesh for over a year. Tensions… Continue reading Bangladesh halts visas for Pakistani nationals
Co-location: NSE knocks on SAT’s door
National Stock Exchange of India(NSE) has challenged co-location orders of the Securities and Exchange Board of India(Sebi) before Securities Appellate Tribunal(SAT). The order was challenged on the grounds that it is unsustainable, arbitrary and disproportionate order.NSE has alleged that Sebi orders have not shown that any trading member got any advantage because of preferential access.… Continue reading Co-location: NSE knocks on SAT’s door
UN lowers India’s FY20 GDP growth forecast
United Nations(UN) in its World Economic Situation and Prospects (WESP) report has lowered India’s GDP growth in 2019-20 to 7.1% from its estimate of 7.5%.It was due to overall slowdown in global growth. The report has said that despite the downward revisions, India still remains the fastest growing major economy in the world ahead of… Continue reading UN lowers India’s FY20 GDP growth forecast
RBI to create regulatory cadre
The Reserve Bank of India(RBI) Central board has decided to create a specialised supervisory and regulatory cadre within the RBI to strengthen the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies. The RBI’s decision to create a specialised regulatory cadre is important in light of increasing complexity of the regulated… Continue reading RBI to create regulatory cadre
West Nile fever cases in Kozhikode go unnoticed?
A month after a boy from Malappuram died of West Nile fever in March, four cases of the infection have been reported from within the Kozhikode Corporation limits in Kerala. he West Nile fever is a zoonotic disease. It is caused by the West Nile Virus. Birds are the natural hosts of West Nile virus… Continue reading West Nile fever cases in Kozhikode go unnoticed?
Govt plans introducing artificial intelligence system in MCA 21 portal
The government has decided to introduce artificial intelligence system in the MCA21 portal-an e-Governance initiative of Ministry of Company Affairs (MCA) This will make the compliance process easier as well as ensure routine enforcement activities are done round-the-clock on autopilot basis. The main focus of the government will be to rationalise all the forms and… Continue reading Govt plans introducing artificial intelligence system in MCA 21 portal
Nomination for Vayoshreshtha Samman- National Awards for Senior Citizens 2019 for Individuals/Institutions
The Ministry of Social Justice and Empowerment has invited nominations for Vayoshreshtha Samman- National Awards for Senior Citizens 2019 for Individuals/Institutions. Vayoshreshtha Sammans are conferred every year in thirteen categories.These are given to eminent senior citizens and Institutions involved in rendering distinguished services for the cause of elderly persons. The objective of the award is… Continue reading Nomination for Vayoshreshtha Samman- National Awards for Senior Citizens 2019 for Individuals/Institutions
