1.The government said they will try to help lift the restrictions on other public sector banks too after the Reserve Bank of India (RBI) lifted restrictions under prompt corrective action (PCA) on three public sector banks last week. 2.The PCA framework kicks in when banks breach any of the three key regulatory trigger points —… Continue reading Will try to lift more banks from PCA
Category: Daily Factly articles
U.S. may end zero tariffs for India
1.India could lose a vital US trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies. 2.The move to withdraw the generalised system of preferences (GSP) from India, the world’s largest beneficiary of a scheme that has been… Continue reading U.S. may end zero tariffs for India
Medical devices to be treated as drugs
The Health Ministry has announced certain medical devices such as all implantable devices, CT / PET / MRI equipments, dialysis machines, will be now treated as a “drugs” as defined in Drugs and Cosmetics Act with effect from 1st April 2020. Drug & Cosmetics Act, 1940 regulates the import, manufacture and distribution of drugs in… Continue reading Medical devices to be treated as drugs
Startups to be listed for Angel tax exemption
1.The government on Friday agreed to compile a list of startups eligible for angel tax exemption, based on their audited financial statements and income tax returns of the previous year.2.The government has decided to raise the maximum time limit below which a firm would be deemed eligible for angle tax exemption from present 7 years… Continue reading Startups to be listed for Angel tax exemption
NATIONAL SECURITY ACT INVOKED AGAINST TWO PERSONS IN M.P FOR ILLEGAL COW TRANSPORT
1.Authorities in Madhya Pradesh Agar Malwa district booked two men under the National security Act for allegedly transporting cattle illegally and disrupted public peace. 2.The National Security Act of 1980 is an act of the Indian Parliament whose purpose is to empower both Central and State Governments to detain a person to prevent him/her from… Continue reading NATIONAL SECURITY ACT INVOKED AGAINST TWO PERSONS IN M.P FOR ILLEGAL COW TRANSPORT
Vet institute, ambulances mooted in Rs. 98 crore Asiatic Lion Conservation Project
The Ministry of Environment, Forest and Climate Change has launched the ‘Asiatic Lion Conservation Project’ . It aims to protect and conserve the world’s last wild population of Asiatic Lion – a species endemic to the Gir, Gujarat. The 3 year long conservation project which has a “Species Conservation over a large landscape” focuses on… Continue reading Vet institute, ambulances mooted in Rs. 98 crore Asiatic Lion Conservation Project
Startups to be listed for angel tax exemption
The Department for Promotion of Industry and Internal Trade (DPIIT) and the Central Board of Direct Taxes (CBDT) soon will come up with a list of startups eligible for angel tax exemption, based on their audited financial statements and income tax returns of the previous year Angel tax is imposed on the excess share capital… Continue reading Startups to be listed for angel tax exemption
J&K-based Tehreek-ul-Mujahideen banned: MHA
The home ministry has banned Tehreek-ul-Mujahideen under the Unlawful Activities (Prevention)(UAPA) Act, which has been operating in the Kashmir Valley for promoting terrorism and other subversive activities. UAPA is anti-terrorist law aimed at effective prevention of unlawful activities, associations in India.Its main objective is to make powers available for dealing with activities directed against integrity… Continue reading J&K-based Tehreek-ul-Mujahideen banned: MHA
NGOs call for funds to eliminate tuberculosis
NGOs working towards eliminating tuberculosis have appealed to the Indian government to ensure adequate funding and effective implementation of the National Strategic Plan to End TB. This was done at the a preparatory meeting before the Global Fund’s Sixth Replenishment. The Global Fund to Fight AIDS, Tuberculosis and Malaria (or Global Fund/ GFATM), is an… Continue reading NGOs call for funds to eliminate tuberculosis
Shri Nitin Gadkari to Inaugurate 2nd Phase of River Information System Between Farakka- Patna in Prayagraj Tomorrow
The second phase of river information system (RIS) will be inaugurated between Patna-Farakka stretch of NW-1 in order to boost cargo movement on Ganga. RIS is a form of vessel traffic management using next generation technology. It will help in crisis management and enhanced inland navigation safety by preventing (a) ship-to-ship collisions (b) ship-bridge collisions… Continue reading Shri Nitin Gadkari to Inaugurate 2nd Phase of River Information System Between Farakka- Patna in Prayagraj Tomorrow
