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Month: July 2019

Economy

IBBI amends norms for insolvency resolution process for corporate persons

July 27, 2019July 27, 2019 - by Abdul

Insolvency and Bankruptcy Board of India(IBBI) has made several changes to regulations around insolvency resolution process for corporates as well as the liquidation process. The amendments require completion of liquidation …

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Science and Technology

China launches first private rocket capable of carrying satellites

July 27, 2019July 27, 2019 - by Abdul

Chinese startup company iSpace has successfully launched the first commercial rocket of China into the Earth’s orbit. The successful launch of  Hyperbola-1 was lifted off from Jiuquan Satellite Launch Centre …

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Economy

Currency policing should be done by IMF not US:RBI governor Shaktikanta Das

July 27, 2019July 27, 2019 - by Abdul

The Reserve Bank of India governor has said that the International Monetary Fund(IMF) should not allow the U.S to bilaterally label countries as currency manipulators. He questioned the US bi-annual …

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Economy

Stable rupee, lower oil prices push forex reserves to all-time high

July 27, 2019July 27, 2019 - by Abdul

According to the government data,India’s foreign exchange reserves has reached an all-time high of $430.37 billion till July 19,2019. This surge in the foreign currency reserves was aided by the …

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Economy

IT Min meets industry on govt-led ‘cloud economic zone’ plan

July 27, 2019July 27, 2019 - by Abdul

Recently,the government has consulted with the industry representatives to understand the potential need for government-led ‘cloud economic zones’. Cloud economic zone are the geographical areas identified for the creation of …

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Economy

NBFCs with big realty loans must rebalance books: RBI

July 27, 2019July 27, 2019 - by Abdul

The Reserve Bank of India(RBI) has asked non-banking finance companies(NBFCs) to bring down their lending to the real estate sector. In the finance sector,the National Housing Bank has also been …

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Social

SC orders setting up of special courts in districts with over 100 pending POCSO cases

July 26, 2019July 26, 2019 - by Sayoni

The Supreme Court has ordered the government to set up special courts in those districts where more than 100 cases of sexual offences against children are pending. The special court …

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Polity

ECI sets up teams to probe VVPAT mismatch in Lok Sabha election

July 26, 2019July 26, 2019 - by Sayoni

The Election Commission of India has set up a panel to examine VVPAT mismatch in Lok sabha election 2019.  This comes in the backdrop of reports of mismatches between the …

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Polity

RTI Amendment Bill passed amid protests in Rajya Sabha

July 26, 2019 - by Sayoni

The Rajya Sabha has passed the Right to Information (Amendment) Bill, 2019. The bill amends the RTI Act 2005. According to the RTI Act of 2005, the Chief Information Commissioner …

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Environment

Earth is warming at faster pace than in last 2,000 years: study

July 26, 2019 - by Sayoni

According to studies published in the journals Nature and Nature Geoscience, world temperatures rose faster in the late 20th century than at any other time in the last 2,000 years. …

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