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24 June 2017
ISRO puts 31 satellites in space The Indian Space Research Organization (ISRO) successfully launched 31 satellites (29 of them belonging to foreign countries) on board the PSLV-C38 from the Satish Dhawan Space Centre. The PSLV carried the Cartosat 2 series satellite (the main payload), weighing 712 kg and another Indian satellite, NIUSAT from Noorul Islam University, Kanyakumari. The total payload weighed 955 kg at lift-off Austria, Belgium, Chile, Czech Republic, Finland, France, Germany, Italy, Japan, Latvia, Lithuania, Slovakia, the UK and the US are the other countries whose Nano satellites were part of the launch Cartosat-2 series satellite: Cartosat-2 is…
23 June 2017
India flags U.S. military aid to Pakistan India on raised the issue of continued American military assistance to Pakistan and sought an end to cross-border terrorism, setting the agenda of Prime Minister Narendra Modi’s first meeting with U.S President Donald Trump. India’s Permanent Representative Syed Akbaruddin told the United Nations Security Council to deal with the adversary that provides safe haven to terrorists who target Afghanistan, which was a reference towards Pakistan. He even pointed out that the UNSC has often failed to condemn terror incidents in Afghanistan. Some pertinent questions raised by India’s Permanent Representative to UN, From where…
22 June 2017
What do you understand by the knowledge-based economy? Can India be considered as the knowledge-based economy? Answer: A knowledge economy is the one where the output of the economy is predominately based on knowledge vis-à-vis manufacturing and agriculture. Components of a Knowledge-Based Economy: INNOVATION & R&D: There is a huge investment into future technologies like Robotics, Artificial Intelligence etc/-. INFORMATION TECHNOLOGY: There is a great deal of digitisation encompassing all walks of life. HIGH SKILL SET LABOR: Skill set of the labour is high and are usually involved in management and research than in actual delivery of service or manufacturing.…
22 June 2017
SEBI eases norms for acquisition of listed companies under stress Securities and Exchange Board of India (SEBI) eased takeover norms and preferential issue requirements for new investors acquiring shares of listed companies in distress under the restructuring schemes of the Reserve Bank of India(RBI). The new rules will be applicable to resolutions approved by the National Company Law Tribunal under the provisions of the Insolvency and Bankruptcy Code, 2016. Earlier only banks were exempted by the regulator when they acquired stocks of listed distressed companies under the RBI’s Strategic debt restructuring (SDR) scheme What this move tends to achieve: It…
21 June 2017
Case: You are the principal of a girls’ residential high school. One day a girl from a hostel complains that her warden, a lady who is also her class teacher, had beaten her last night for falling asleep early. As per of hostel is that every student should study till 10 pm. Because of the beating by Lady warden, the girl has suffered minor injury on her head. The girl is requesting you to allow her to go home for treatment. From your own experience you are aware that , things might turn into bad shape and also the issue…
21 June 2017
Government launches new Energy Conservation Building Code Energy Conservation Building Code 2017 (ECBC 2017) was launched by Minister of state for power coal and new & renewable energy. The code was developed by the Ministry of Power and Bureau of Energy Efficiency (BEE), with technical support from United States Agency for International Development (USAID) under the U.S.-India bilateral Partnership to Advance Clean Energy–Deployment Technical Assistance (PACE-DTA) program. Features of the code: The code prescribes energy performance standards for new commercial buildings to be constructed across India. It sets parameters for builders, designers and architects to integrate renewable energy sources in…
20 June 2017
Energy Conservation Building Code 2017 Energy Conservation Building Code 2017 (ECBC 2017) was launched by Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines. It has been developed by Ministry of Power and Bureau of Energy Efficiency (BEE), with technical support from United States Agency for International Development (USAID) under the U.S.-India bilateral Partnership to Advance Clean Energy – Deployment Technical Assistance (PACE-D TA) Program. It prescribes the energy performance standards for new commercial buildings to be constructed across India. ECBC 2017 sets parameters for builders, designers and architects to integrate renewable energy sources in building…
20 June 2017
Anti-profiteering body can take suo motu action The National Anti-Profiteering Authority that will be set up under the Goods and Services Tax (GST) regime will have wide ranging powers. The rules that are yet to be notified by the government mandates a three-step procedure from detection of anti-profiteering to final decision by the authority on a case. Three step procedure: Creating a Standing committee which would receive complains related to anti-profiteering practices The Standing committee will examine the accuracy and adequacy of the evidence to determine whether there is prima-facie evidence to support the claim of the applicant The committee…
19 June 2017
How genetics is settling the Aryan migration debate New DNA evidence is solving the most sought after question in Indian history. Did Indo-European language speakers, who called themselves Aryans, stream into India sometime around 2,000 BC – 1,500 BC when the Indus valley civilization came to an end. Genetic research based on an avalanche of new DNA evidence is making scientists around the world converge on an unambiguous answer. This is diametrically opposite to the dominant narrative that has completely disapproved the Aryan migration theory. But new data on Y-chromosomes (chromosomes that are transmitted through the male parental line, from…
17 June 2017
Bhushan, Essar Steel among 12 firms listed The Reserve Bank of India (RBI) has directed lenders to immediately move the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy code 2016, to begin insolvency proceedings against 12 defaulters. The 12 companies account for 25% of the total Non-performing assets (NPAs) of the banking system. All these accounts have bank loans that exceed Rs. 5,000 crore each and have been identified as non-performing by 60% of the lenders. Steps taken by RBI in this regard: The central bank has asked lenders to file bankruptcy proceeding against the six largest borrowers…