The US Citizenship and Immigration Services (USCIS) has said that it has reached Congressionally-mandated 65,000 H-1B visa cap for the fiscal year 2020 after it had started receiving the applications for the H-1B visas. This is the first season of H-1B petitions after the USCIS announced enforcing new rules for the H-1B visa.The new rules… Continue reading US reaches 65,000 H1B visa cap in five days for Financial Year 2020
Category: Daily Factly articles
India’s imports from China decelerating, says report
According to the PHD Chamber of Commerce and Industry,India’s imports from China stood at USD 46 billion during the April-January period of 2018-19 from USD 53 billion in the same period a year ago. The chamber has said that India has seen an increase in its exports to China during the last few months whereas… Continue reading India’s imports from China decelerating, says report
G20 must tackle the root causes of trade tensions that threaten growth: EU
During the upcoming G20 finance ministers summit in US, European Union (EU) officials are planning to call on the G20 to tackle structural and underlying challenges to the international flow of goods and services that threaten to hinder global economic growth. According to reports,the EU is concerned with the threats posed by (a)higher tariffs (b)slowing… Continue reading G20 must tackle the root causes of trade tensions that threaten growth: EU
India will be the third-largest economy by 2030: Jaitley
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
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
