RBI delays implementation of new accounting rules again

Short Detail

The new rules — based on the IFRS9(an International Financial Reporting Standards) standards created in the aftermath of the financial crisis — were supposed to kick in at the start of the new fiscal year that starts on April 1, which was basically being delayed last year.

RBI Intentionally delayed the implimentation last year due to the need for legal changes and more preparatory work by the country’s banks.

This tough new accounting rules would have prevented Indian banks from making the huge $190 Billion in looans to grow further

SBI Life Insurance launches ‘Thanks A Dot’ breast cancer awareness initiative

Short Detail

SBI Life Insurance in collabration with Women’s Cancer Initiative-Tata Memorial Hospital has launched ‘Thanks A Dot’,a new inovative iniiative to spread Breast Cancer awareness.

An easy-to-use self-training module to detect the early signs of lump formation can be ordered free of cost through SBI Life’s corporate website Source:Exchange4Media

An easy to use self training module to detect early signs of lump formation can be ordered for free from SBI Life Insurance's website

"Thanks A Dot", an easy-to-use self-training puzzle card to bring the power detection to your fingertips and enabling women to take necessary actions sooner rather than later.

Rahul Gandhi should contest Lok Sabha polls from Wayanad, urges Kerala Congress unit

Short Detail

As Congress national leadership in Delhi indicated that Gandhi is seriously considering Wayanad, the party leaders in Kerala are excited. Congress-led UDF convener Benny Behanan said a formal announcement would come soon.

AICC General Secretary Oommen Chandy said that there's a demand for Gandhi if he contest from the South Side and that's when Kerala Congress suggests Wayanad.

But Earlier this month,Congress had announced that Rahul Gandhi will contest from his place Amethi and Sonia Gandhi from Rae Bareli.

Source:The Indian Express

In Kerala Congress is contesting on 16 out of 20 Lok Saba seats and have released the ames of 14 candidates so far.

The Congress had earlier proposed T Siddique, the Kozhikode DCC president, for the Wayanad seat but he has backed out. Siddique said he also wants Gandhi to contest from the Wayanad seat.

Karnataka and Tamilnadu are also urging Rahul to compete from their respective states.

Italy endorses China’s Belt and Road plan in first for a G7 nation

Short Detail

Italy becomes the first og the Group of Seven(G7) countries to support China's One Belt One Road(a.k.a Belt and Road) Initiative.

The signing is a part of the visit of Chinese President Xi Jinping's 3 day visit to Italy,This happens on the backdrop of US-China Trade War.

The Belt and Road Initiative is aimed at bolstering Beijing’s economic and political reach. (Reuters)Source:The Indian Express

The Belt and Road Initiative (BRI) is aimed at bolstering Beijing’s economic and political reach. However, critics say it is a Trojan Horse that will let China get control of sensitive technologies and critical infrastructure.

During his visit Chinese and Italian firms signed 10 additional deals, including in the energy, steel and gas pipeline sectors.Full details of the contracts were not immediately revealed, but a government source said they could potentially be worth up to 20 billion euros ($22.62 billion).

India election 2019: Is India building enough new houses?

Short Detail

In the run-up to the Indian election, which gets under way on 11 April, BBC Reality Check is examining claims and pledges made by the main political parties.Source:BBC

The current government(Modi Govt) has promised that every Indian will have a home to live in by 2022 - with 10 million homes ready by this year in rural areas and 10 million ready by 2022 in urban areas.

Although the Promise's not been satisfied the BJP govt is building houses in a phase faster than the previous UDF govt.

In the last official report on 2011, Indi's got over 1.77 Million homeless people out of a wooping population of approximately 1.2Billion.Where as in Mumbai(India's most populous city) alone the homeles count is said to be 5 times more than the 60,000 reported in the official statement.

Evidence of water, particle plumes discovered on asteroid Bennu: NASA

Short Detail

A NASA spacecraft, that will return a sample of a near-Earth asteroid named Bennu to Earth in 2023, has discovered plumes erupting from the cosmic body’s surface — among a numerous other findings including evidence of water-bearing minerals.

Bennu also revealed itself to be more rugged than expected, challenging the mission team to alter its flight and sample collection plans, due to the rough terrain.

Bennu is the target of NASA’s Origins, Spectral Interpretation, Resource Identification, Security-Regolith Explorer (OSIRIS-REx) mission, which began orbiting the asteroid on December 31 last year. Bennu, which is only slightly wider than the height of the Empire State Building(New York), may contain unaltered material from the very beginning of our solar system.

India One Of World’s Fastest Growing Large Economies, Says IMF

Short Detail

“India has of course been one of the world's fastest growing large economies of late, with growth averaging about seven percent over the past five years.” Said The IMF Communications Director Gerry Rice.

Details about the Indian economy would be revealed in the upcoming World Economic Outlook survey report to be released by the IMF ahead of the annual spring meeting with the World Bank next month, said Gerry Rice.Same time This report would be the first under Indian-American economist Gita Gopinath, who is currently the IMF's chief economist.

Fitch Cuts India’s GDP Growth Forecast for FY20 to 6.8%, Cites Weaker-Than-Expected Momentum

Short Detail

Fitch Ratings Inc.,USA is one of the "Big Three credit rating agencies", the other two being Moody's and Standard & Poor's.

Fitch Ratings on Friday cut India's GDP growth forecast for the next fiscal to 6.8% from 7% estimated earlier on weaker than expected economic momentum.

Source:NEWS18

At the same time India Economey grew at 7.2% during the Financial year 2017-2018

Inida's GDP grwoth for each quater in 2018-19 are here April-June:@8%,July-September:@7%,October-December:@6.6% & January-March:@6.8%.

According to Fitch, Indian Rupee is said to be weakeing to Dollar from 69.82 on December 2018 to 72 n december 2019 and to 73 on December 2020.

Fitch meawhile projected the growth of Cina's GDP @6.6% in 2018 and 6.1% in 2019

Intain Fintech to launch software product in India

Short Detail

Intain Fintech, an AI and block chain-based software products firm, will be launching eMulya(a blockchain product), an intelligent block chain that facilitates efficient, secure and trustworthy asset securitisation transactions for NBFCs in India by end-2019.

While talking about the product the founder and CEO, Intain Siddhartha S claimed that “If this product was launched in 2007-08, it would have prevented NBFC(Non-bank financial institution) crisis,”

The Pune based company currently have 10 employees and is planning to hire 15 more for it's Chennai branch.

CBSE launches new Shiksha Vani' app to upload podcast on Class 10, 12 exam evaluation process

Short Detail

The Central Board of Secondary Education (CBSE) launched a new podcast app 'Shiksha Vani' earlier this week. This app will disseminate crucial information to students and parents in a timely manner.

Click here to checkout the APP(Available only for Android Users)

Oxford dictionary adds ‘chuddies’ to list

Short Detail

The word chuddies became popular after it was used as part of a catchphrase in a British television and radio comedy Goodness Gracious Me.

'Chuddies' is among the 650 words anounced by oxford on March 18th to be included in the dictnory.

The meaning of 'Chuddy' is 'Under Pants'

NASA telescope spots a cosmic 'cannonball' hurtling through space

Short Detail

To make you more exciting this could take you from Kerala to Kashmir in aroud one second.

Scientists at NASA have discovered a Pulsar Zip which could travel upto 4 million km/h ie;5 times faster than your average pulsar. To make it even more exciting if we build a cannon from it amd shot it to East it will come and hit back you in probably 35 seconds hmm, talk about a super human strength.

A pulsar is the rapidly rotating, dense star left behind in the wake of a massive supernova explosion. Astronomers believe that the explosion can send the pulsar hurtling through space like a cannonball. This one, named PSR J0002+6216, was discovered using NASA's Fermi Gamma-ray Space Telescope, which originally launched to space in 2008, and a suite of Earth-based radio telescopes known as the Karl G. Jansky Very Large Array.

NASA's Fermi Satellite Clocks a 'Cannonball' Pulsar

J0002 currently lies about 6,500 light-years away in a constellation known as Cassiopeia, and 53 light-years away from the remnants of a huge stellar explosion known as CTB 1. That explosion took place around 10,000 years ago and resulted in a rapidly expanding bubble of gas that engulfed the pulsar.

Pulsars are super dense, rapidly spinning neutron stars left behind when a massive star explodes.

This crop-guzzling insect may cost Indian farmers billions, warns UN

Short Detail

A crop-guzzling insect called The Fall Armyworm pest which is being moved from it's native Americas to Asia which will be a treath to the farmers of India and Thailand costing Billion's of dollars in Loss,warned the UN food agency.

The Fall Armyworm pest's came to Asia o last summer.

"We are here today together because we share a growing sense of alarm but also to learn from each other, particularly from those countries who've already been responding to their own infestations," said Kundhavi Kadiresan, Assistant Director-General and FAO Regional Representative for Asia and the Pacific.

The flying pests (Fall Armywore) have already cost Africa a whopping $3Billion Dollar loss to it's farmers back in 2016.

In general,the pest lays egs which develop fast into grubs, which then can ruin crops such as maize, rice and sugarcane, overnight.

Sri Lanka, Bangladesh, Myanmar, Thailand and China's Yunnan are also being affected.Note:China's the second largest maize producer in the world after the United States.

India’s deepest shaft cave discovered in Meghalaya

Short Detail

Barely a year after the discovery of the world’s longest sandstone cave Krem Puri in Mawsynram region of Meghalaya’s East Khasi Hills district, now a cave with the deepest shaft in the country has been discovered.

Krem Umladaw, the cave with the deepest shaft in India. Photo Courtesy Marcel Dikstra, Netherlands,Source:Hindustan Times

The discovery was made during the 28th edition of the annual ‘Caving in the Abode of the Clouds Expedition’ that took place between February 3 and 28.

Krem Puri, which at 24,583 metres, is acknowledged as the longest sandstone cave in the world, has now been further extended by another 459 m to top the cave at 25,042 metres.

The main expedition team concentrated its efforts in the area of Muallian in East Jaintia Hills. From February 11 to 28 they explored and mapped 8 new caves including a revisit to Krem Shrieh (Tangnub). Krem Shrieh which was earlier explored in the year 2000 was now extended from 8,713m to 9,844m.

The other major caves explored and mapped are Retdung Khur 3724m, Tui Khur Lut 2185m and Kellung Puk 788m. Overall the 2019 expedition explored and mapped 12.3 kms of new cave passage.

Till date the whereabouts of about 1,700 caves and cave locations are known in Meghalaya of which over 1000 have been explored or partially explored.Source:Hindustan Times

Pakistan decide not to broadcast Indian Premier League 2019 matches

Short Detail

Pakistan's move to ban broadcasting of Indian Premier League 2019 matches in the country comes amid the deteriorating bilateral ties between the two neighbouring countries. Indian broadcasters had earlier pulled out of broadcasting and production of Pakistan Super League matches in the aftermath of Pulawama terror attackSource:India Today

US to Pakistan: Further terror attack on India will be extremely problematic

Short Detail

US has asked Pakistan to take sustained, verifiable and irreversible action against the perpetrators of terrorism

The US official pointed out that terrorist leaders detained by Pakistan were later released, allowed to travel and hold rallies.Source:Times of India

India Drops 7 Spots In List Of Happiest Nations, Still Behind Pak, China

India Drops 7 Spots In List Of Happiest Nations, Still Behind Pak, China Source:NDTV

Short Detail

India Have fallen 7 Spots from 2018 to 140th postion in World's Happiest Nations, this is based on the UN World Happiness Report released Wednesday(20th March 2019) which is topped by Finland for the second year in a row.

March 20 was declared as World Happiness Day by the UN General Assembly in 2012,and this year's report was released by the Sustainable Development Solutions Network for the United Nations

This was the 7th World Happiness Report, which lists a total of 156 countries which marks South Sudan as the unhappiest country.

Pakistan and China are at 67th and 93rd positions respectively

Click Here to view the whole list

Mizoram passes Bill for total prohibition

Violation of the provisions could lead to imprisonment upto five years and a maximum fine of Rs 1 lakh. Source:The Indian Express

Short Detail

The Mizoram Assembly on Wednesday unanimously passed a Bill to implement total prohibition, a legislation promised by the Mizo National Front (MNF) government when it came to power last year.

Earlier this month, the state government had passed an order, saying that owners of liquor warehouses, vendors and those holding liquor licences in clubs, government lodgings or hotels should “dispose of all their stocks before March 31”.

Nirav Modi arrested in London on India's extradition request, denied bail

Short Detail

Nirav Modi arrested in London on India's extradition request, denied bail Source:Livemint

Nirav Modi informed court of his intention to contest India’s extradition request, he also offered to post £500,000 for bail—which was rejected by the Judge Marie Mallon considering the magnitude of the Fraud.

Mean while Nirav Modi rejected the accusation siting that the motivation behind his arrest is purely political considering the fact that the General Elections is few weeks to go in India.

Violation of the provisions could lead to imprisonment upto five years and a maximum fine of Rs 1 lakh. Chief Minister Zoramthanga said, “Yes, the Bill was passed today and Mizoram will soon become a dry state. The Bill now needs to be approved by the Governor. Indian Army and the paramilitary forces will be exempted from the prohibition.”Source:The Indian Express