Finance Minister has said that India is expected to become the third largest economy in the world by 2030 with Gross Domestic Product(GDP) touching USD 10 trillion.The growth will happen due to consumption and investment growth. Currently,the size of the Indian economy is about USD 2.9 trillion.Further, India oscillates between the fifth and the sixth… Continue reading India will be the third-largest economy by 2030: Jaitley
Category: Daily Factly articles
All low earth satellites in reach of ASAT missile: DRDO chief
According to the Defence Research and Development Organisation (DRDO) chairman,the recently conducted anti-satellite (ASAT) test, Mission Shakti has a deterrence capability and the missile can cover all satellites in Low Earth Orbit (LEO). Low earth orbit satellites are roughly at an altitude of 2,000 kilometres from the earth and that’s the region where majority of… Continue reading All low earth satellites in reach of ASAT missile: DRDO chief
U.S. to designate elite Iranian force as terrorist organization
The United States is planning to designate Iran’s elite Revolutionary Guards Corps a foreign terrorist organization.This is the first time US will formally labels another country’s military as a terrorist group. This would be the latest move by the US administration to isolate Iran.US had already withdrawn from the landmark nuclear deal with Iran in… Continue reading U.S. to designate elite Iranian force as terrorist organization
Man-made forest fires threaten ‘neelakurinji’ plants
A massive forest fire has eroded the forest lands of the Neelakurinji Sanctuary in Vattavada as well as parts of Pampadum Shola National Park in Munnar, Kerala.According to the Wildlife experts,the recent large-scale forest fires on the grasslands where Neelakurinji blossoms could have wiped out of all the seeds of the Kurinji flowers from the… Continue reading Man-made forest fires threaten ‘neelakurinji’ plants
SC lifts stay on KC Valley project
The Supreme Court has lifted a stay it imposed earlier on the Karnataka government’s scheme known as K&C Valley.KC Valley project envisages filling several tanks in Kolar district with treated water from Bengaluru. The project will help in improving ground water level. The apex court said that the scheme was in compliance with similar practices… Continue reading SC lifts stay on KC Valley project
Govt faces direct tax shortfall of ₹60k crore
According to the Central Board of Direct Taxes(CBDT),Direct tax collections have fallen short by Rs 60,000 crore.It has failed to meet the revised target of Rs 12 lakh crore for 2018-19 fiscal on account of poor personal income tax collections. However,tax collections has risen by 13.5% making it the third straight year of strong growth… Continue reading Govt faces direct tax shortfall of ₹60k crore
CCI gives speedy nod to L&T bid for Mindtree
The Competition Commission of India (CCI) has approved engineering and construction major Larsen & Toubro’s (L&T’s) proposal to acquire up to 66.15% stake in Mindtree.With this nod,L&T has overcome the first major regulatory hurdle in its bid for hostile takeover of the Mindtree. A hostile takeover is the acquisition of one company (called the target… Continue reading CCI gives speedy nod to L&T bid for Mindtree
Theresa May seeks further Brexit extension from EU until June 30
UK Prime minister has written to the European Union to request a further delay to Brexit until 30 June.The UK is currently due to leave the EU on 12 April and as yet no withdrawal deal has been approved by British Parliament. Earlier,British Parliament had approved a bill that will force UK Prime minister to… Continue reading Theresa May seeks further Brexit extension from EU until June 30
Pakistan opens a route for flights out of India
Pakistan has partially opened its airspace from India allowing Air India’s US and Europe bound flights to fly over it.The airspace has also been opened up for international airlines.The move will help the airlines save cost.However, flights originating or terminating in India were not allowed to use it. Earlier,Pakistan had shut down its airspace on… Continue reading Pakistan opens a route for flights out of India
Indonesia eyes komodo dragon island closure to thwart smuggling
Komodo Island will be closed to tourists starting January 2020.The famous island in Indonesia is home to the Komodo dragon,an ancient lizard.It will be banned to fix problems created by mass tourism and thwart attempts to smuggle the world’s biggest lizard. Komodo dragons are the largest,heaviest lizards in the world and one of the few… Continue reading Indonesia eyes komodo dragon island closure to thwart smuggling
