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The Union Cabinet has cleared the New Delhi International Arbitration Centre (NDIAC) Bill, 2019, which provides for setting up of an independent and autonomous body for institutional arbitration.
It also aims to acquire and transfer the undertakings of International Centre For Alternative Dispute Resolution to New Delhi International Arbitration Centre (NDIAC) with effect from March 2 this year.
The Bill provides to replace and repeal the NDIAC Ordinance, 2019.
The proposed New Delhi... Read More
According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2019, India received foreign direct investments (FDI) worth USD 42 billion in 2018.
India attracted over 77% of the total foreign direct investments that came to the South Asian region.
The global FDI slipped by 13% in 2018, to US$1.3 trillion from $1.5 trillion in 2017, the third consecutive annual decline.
India’s rank as a source country for FDI dropped one place to the 10th position... Read More
After serving more than three years, Sarah Huckabee Sanders is stepping down from her current position as White House Press Secretary.
Sanders, 36, worked on the communications team of Trump’s 2016 campaign, and later joined the White House as deputy press secretary when Trump took office.
She has been appointed as the White House Press Secretary in July 2017, after Sean Spicer resigned from the position.
Australia will be one of the two guest nations at the 2020 Copa America. Qatar will also return to 2020 tournament, which will be co-hosted by Argentina and Colombia.
Qatar and Japan are the guest nations in 2019 Copa, which started on June 15 in Brazil.
This year’s Copa America broadcast to a record 178 countries.
About Copa America:
It is a men's international football tournament contested between national teams from CONMEBOL (South American Football Confederation).
Founded:... Read More
Prime Minister Narendra Modi-led NDA Government hopes to increase around $83.8 billion (Rs 5.83 trillion rupees) from its latest round of airwaves auction in 2019.
The Central government is planning to sell 8,600 megahertz of telecom airwaves across multiple frequency bands.
Rs 65,789 crore was raised in the airwaves auction held by the government in 2016-17.
Recently, Telecom Minister Ravi Shankar Prasad announced the debut auction of fifth-generation (5G) spectrum this year along with... Read More
The Indian men’s football team remained static at the 101st position in the latest FIFA rankings. India recently participated in King's Cup in Thailand, in which it lost one match and won the other in the tournament.
Belgium remained to top the overall FIFA world rankings, followed by France, Brazil, England, and Portugal.
The Indian team is at the 18th spot among the Asian countries. Iran has become the only Asian country to feature in the top 20 as they moved one spot to finish at... Read More
For the first time, Indian Space Research Organisation (ISRO) has appointed two women scientists - Ritu Karidhal (as mission director) and Muthayya Vanitha (as project director) - to head the India's second Moon mission Chandrayaan-2.
ISRO Chairman K Sivan announced that close to 30 percent of the ISRO team working on Chandrayaan 2 are women.
Ritu Karidhal was referred as the 'Rocket Woman of India'. She became famous with the launch of the Mars Orbiter Mission where she was the... Read More
Ministry of Commerce reported that India’s trade deficit expanded to a six-month high of $15.4 billion in May, with import growth outpacing export growth following a 37% jump in gold imports. Exports grew 3.93% in the month of May, while imports rose 4.31%.
Iran, China-US trade war:
Out of six months in the past 7 months, the exports have been in low single digits which barred March when it grew in double digits. Rising crude oil prices, amid sanctions on Iranian oil imports,... Read More
Scientists from National Geographic Society and Tribhuvan University installed have installed two highest weather stations in the world in an expedition to Mount Everest that wrapped up in June 2019. The two weather monitoring stations are located at an altitude of 8,430 meters (27,657 feet) and 7,945 meters (26,066 feet). Also, three other stations have been set up across the Mount Everest.
The setting up of the weather station aim to collect weather data. The data gathered from the... Read More
The Reserve Bank of India has asked the banks to ensure their ATMs are grouted to a wall, pillar, or floor by the end of September month, except those installed in high secured premises such as airports. The announcement comes with an aim to enhance security of the cash vending machines.
The ATMs shall be operated for cash replenishment only with digital One Time Combination (OTC) locks. All banks can also roll out a comprehensive e-surveillance mechanism at the ATMs. This will ensure... Read More
Muzaffarpur district of Bihar reported death of 69 children due to Acute Encephalitis Syndrome (AES). Till now over 130 have been hospitalised in the district.
The district Magistrate of Muzaffarpur has announced that for students till class eight, schools will remain closed till June 22 and for students in higher standards, classes will be held only till 10.30 am.
Encephalitis is an inflammation or swelling and irritation of the brain. In most cases. It is also called acute... Read More
More than 600 companies, including Walmart Inc, Target Corp, urged U.S. President Donald Trump to resolve the trade dispute with China that totally affects American businesses and consumers. More than 150 trade groups representing agriculture, manufacturing, retail and tech industries supports the national campaign against tariffs.
The American international consultancy the Trade Partnership reported that additional 25% tariffs on $300 billion in imports, on top of those already levied, would... Read More
UK government has banned commercials that reinforce gender prejudices. Advertising Standards Authority (ASA), UK's advertising watchdog introduced the ban because it found evidence suggesting that adverse stereotypes could restrict the choices, aspirations and opportunities of children, young people and adults. These kinds of stereotypes can be reinforced by some advertising that plays a part in unequal gender outcomes.
The new rule follows a review of gender stereotyping in adverts the... Read More
June month is celebrated as the Lesbian, gay, bisexual, transgender and queer or questioning (LGBTQ) Pride month all over the world. The LGBTQ pride month is celebrated to commemorate the anniversary of Stonewall riots at Stonewall Inn in New York, a gathering space for LGBTQ community during the 60s.
It provides role models, builds community, and represents a civil rights statement about the contributions of the LGBT community. The month is observed by United States, United Kingdom,... Read More
India designated as the Guest of Honour at the 33rd Feria Internacional del Libro de Guadalajara (Guadalajara International Book Fair)in Mexico, the National Book Trust.
The book fair organized from November 30 - December 8,
India pavilion at the fair will showcase over 35 Indian authors and artists, along with 15 publishing houses.
India displays a wide array of its rich and composite literary and cultural heritage through literary and academic activities comprising conferences.
Ancient... Read More
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