Category Archives: 2016-02-February

Meldonium and athlete – sports disgraced

A paper published in the British Journal of Sports Medicine revealed that the use of the now-banned drug meldonium has been “excessive and inappropriate” in 2015 and has been used by generally healthy athletes. On March 7, 2016, former world …

Budget 2016: sectoral FDI & related issues

FDI norms relaxed for various sectors with the aim to

  • Promote “Make in India” and “ease of doing business”.
  • Involve states in attracting foreign capital
  • Strengthen financial institutions

Major proposals:

  1. Insurance and Pension sectors: foreign investment will be allowed

BUDGET 2016-17 AT A GLANCE

Nine pillars of Budget-2016-17

  1. Agriculture and farmers’ welfare,
  2. Rural sector,
  3. Social sector including healthcare,
  4. Education, skills and job creation,
  5. Infrastructure,
  6. Financial sector reforms,
  7. Ease of doing business,
  8. Fiscal discipline,
  9. Tax reforms to reduce compliance burden.

Agriculture in Budget-2016-17

  • Govt will

“Offences against the State”- Section 124 A & Chapter-VI of IPC

Important provisions in Chapter VI Of IPC

  • Section 121: waging, or attempting to wage war or abetting waging of war against the Government of India
  • Section 122: collecting arms, etc. with intention of waging war against the Government of India

ICRA may revise ratings of government-owned banks

Investment Information and Credit Rating Agency is planning to revise the ratings of public sector banks as their credit profile has deteriorated significantly following a sharp rise in bad loans during the Oct-Dec quarter.
This deterioration is mainly due to …

January 2016 warmest on record: NOAA

According to the latest report released by the U.S. National Oceanic and Atmospheric Administration (NOAA), January, 2016, is the warmest since record keeping began in 1880. January month’s record continues a nine-month streak of record high monthly temperatures.

Important findings:

PFC to invest into Andhra Bank’s perpetual bonds

After investing in Dena Bank’s additional tier-I (AT-1) bonds, Power Finance Corporation (PFC) has made a second bid in Andhra Bank. It is believed to have invested Rs 800 crore in Andhra Bank’s additional tier-I (AT-1) bonds. The bonds carry …

PNB declares Mallya’s UB (Holdings) willful defaulter

Punjab National Bank has declared United Breweries (Holdings) Ltd, majority owned by Vijay Mallya, as a “willful defaulter”.  PNB Managing Director Usha Ananthasubramanian said: “When people have the wherewithal to pay, they must pay. There are people who …

JNU: JUSTIFYING PRESENT WITH THE PAST GLORY

I have gone through different arguments forwarded by different authors and great personalities and the reactions and comments given by common people (of course with reach to net). I came to the conclusion that

  1. Majority of great alumina and personalities

Antarctica and Global warming: some new findings

Antarctica and Global warming

Antarctica, the Great Heat Sink, acts as wheel against global warming. However, with ambivalent impact between the Antarctica and global warming, the condition has reached the break-even point, from where one is causing the other and …

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