Meghalaya Chief Minister has said that the State government will appeal to the Supreme Court to stop the operations to retrieve the bodies of miners. 15 miners have been trapped in an illegal rat hole mine located at Ksan near the Lytein River in East Jaintia Hills, Meghalaya since December 13 2018. In January 2019,… Continue reading Miners: Meghalaya to move SC for end to op
Category: Daily Factly articles
In India, air pollution is the third-highest cause of death among all health risks: report
The State of Global Air 2019 has stated that exposure to outdoor and indoor air pollution contributed to over 1.2 million deaths in India in 2017 and is the 3rd largest cause of death among all health risks. The report is a systematic annual study of the health effects of global air pollution and is… Continue reading In India, air pollution is the third-highest cause of death among all health risks: report
South Korea launches 5G networks early to secure world first
South Korea has launched the world’s first nationwide 5G mobile networks. South Korean telecom operators SK Telecom, KT, and LG Uplus began their services on 4th April, despite previously announcing the launch date would be April 5. 5G (5th Generation) is a version of mobile communications. It succeeds LTE mobile networks- 4G, 3G, and 2G… Continue reading South Korea launches 5G networks early to secure world first
Election Commission seeks details of Namo TV from I&B Ministry
The Election Commission has issued a notice seeking a report from Information & Broadcasting on NaMo TV. The channel, NaMo TV was launched on 31st March, nearly two weeks after the Model Code of Conduct came into effect. The channel carries the picture of Prime Minister Modi as its logo. It broadcasts election rallies,… Continue reading Election Commission seeks details of Namo TV from I&B Ministry
Bleaching hits world’s southernmost coral reef.
Australian scientists have said that corals in Lord Howe Island Marine Park, Australia has started showing signs of bleaching due rising sea temperatures from climate change. However, bleaching is highly variable across Lord Howe Island. Severe bleaching of up to 90% has been found at Lord Howe’s inshore, shallow lagoon reefs. While, deeper-water corals in… Continue reading Bleaching hits world’s southernmost coral reef.
SC holds ultra vires RBI’s February 12 circular mandating insolvency proceedings
The Supreme Court has struck down the Reserve Bank of India’s February 12 circular that dealt with resolution of stressed assets in the economy.The Supreme Court has held the February 12 circular ultra vires as a whole which means the RBI had gone beyond its powers in issuing the circular.Earlier,the apex Court had stayed the… Continue reading SC holds ultra vires RBI’s February 12 circular mandating insolvency proceedings
Borrower behaviour will deteriorate
According to analysts,Supreme Court judgment striking down the Reserve Bank of India’s February 12 circular that dealt with the resolution of stressed assets will lead to deterioration of borrower behaviour and increase delays and litigation. On 12th February 2018,RBI had put out a circular on classification of non-performing assets that required (a)Banks to stipulate a… Continue reading Borrower behaviour will deteriorate
Credit negative for banks, says Moody’s
According to credit rating agency Moody,Supreme Court’s decision to strike down the February 12,2018 circular of the Reserve Bank of India (RBI) will be credit negative for Indian banks. They said that the circular had significantly tightened stressed loan recognition and resolution for large borrowers.But,with the Supreme court order,resolution of stressed loans impacted by the… Continue reading Credit negative for banks, says Moody’s
RBI order on defaulters lacked govt. nod, says SC
The Supreme Court has struck down the Reserve Bank of India’s Feb. 12 circular on the grounds that the regulator can give directions to banks on stressed assets only upon the central government’s authorisation and in case of a specific default. Several companies in the power,sugar,fertiliser and infrastructure sectors objected to the circular’s one size… Continue reading RBI order on defaulters lacked govt. nod, says SC
Starting May, ISRO to launch a string of ‘defence’ satellite
The Indian Space Research Organisation (ISRO) is expected to launch a number strategic earth observation (EO) satellites in 2019-2020. The satellites which are expected to be launched are: a) RISAT-2B, b) Cartosat-3, c) RISAT-2BR1, d) GISAT-1(ne series), e) RISAT-2BR2, f) GISAT-2, g) RISAT-1A, and h) GSAT-32. RISAT-2B is a radar imaging satellite. It has all… Continue reading Starting May, ISRO to launch a string of ‘defence’ satellite
