-The Hindu Proposal to go for Environment Ministry’s clearance; activists oppose The Genetic Engineering Appraisal Committee (GEAC) that functions under the Union Environment Ministry has yet again cleared the proposal for the commercial cultivation of genetically modified (GM) mustard. The recommendation will now again go for the approval of the Environment Ministry. Though the GEAC had cleared the proposal in 2017, the Ministry had vetoed it and suggested that the GEAC hold...
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The FM’s call for industrial investment -K Bharat Kumar
-The Hindu Why did the Union Finance Minister urge industry giants to invest in manufacturing? Is private sector financing at an all-time low? Has government intervention to boost and spend aggressively on infrastructure come at an opportune time? The story so far: Last month, Finance Minister Nirmala Sitharaman asked captains of industry what was holding them back from investing in manufacturing. She likened industry to Lord Hanuman from the Ramayana by stating...
More »Despite ban, firecrackers burst in many parts of Delhi on Deepavali night
-PTI/ The Hindu Despite the legal deterrent in place, people in many parts of the city started bursting crackers by dusk A large number of high-decibel firecrackers thundered throughout Deepavali night on Monday as people in Delhi flouted the ban imposed on these by the city government. Delhi Environment Minister Gopal Rai last week said bursting firecrackers in the national capital on Deepavali will attract a jail term of up to six months...
More »When does RBI step in to monitor a bank? -Prashanth Perumal J
-The Hindu Why has the Reserve Bank of India increased its oversight on Dhanlaxmi Bank? What are the reasons for the Thrissur-based private bank’s assets to be under stress? According to Basel-III norms, what is the capital to risk ratio a bank is required to maintain? What lies ahead? The story so far: The Reserve Bank of India (RBI) has placed Dhanlaxmi Bank under tight monitoring with the Thrissur-based private bank’s financial...
More »Southwest monsoon exits from country: IMD
-PTI/The Hindu Rains continued to linger on beyond September 30, which marks the end of the southwest monsoon season. The southwest monsoon withdrew from the entire country on Sunday, a week later than normal, the weather office said. India witnessed a normal monsoon season for the fourth consecutive year with 925 mm rainfall which was 106% of the long-period average (LPA) of 880 mm. "The Southwest Monsoon has withdrawn from the remaining parts of...
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