GS-III

Japan releases rovers towards asteroid

The robots are expected to collect minerals that may throw light on the origin of the solar system A Japanese space probe on Friday released a pair of exploring rovers towards an egg-shaped asteroid to collect mineral samples that may shed light on the origin of the solar system. The …

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‘U.S., China trade spat can impact India’

‘No benefit from Sterlite unit closure’ The trade friction between the U.S. and China is worrisome and can have an impact on India, said Kumar Mangalam Birla, chairman, Aditya Birla Group. Hindalco’s subsidiary Novelis has presence in both the U.S. as well as China and so has Aleris Corporation which …

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Floor CPA cover for motor insurance hiked to Rs. 15 lakh

IRDAI sets uniform Rs. 750 annual premium for the cover The minimum Compulsory Personal Accident (CPA) cover for owner-drivers under the motor insurance policy has been increased to Rs. 15 lakh. The enhanced, mandatory cover that came into force with immediate effect will lead to a higher annual premium of …

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SEBI revises KYC norms for foreign portfolio investors

NRIs, OCIs, resident Indians allowed to be part of such entities investing in India The Securities and Exchange Board of India (SEBI) has announced the revised guidelines for know your client (KYC) requirement for foreign portfolio investors (FPIs) allowing non-resident Indians (NRIs), resident Indians (RIs) and overseas citizens of India …

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Markets hit the panic button over fear of fresh defaults

Sensex nosedives intraday before institutional buying in select index stocks restores order; sale of a HFC’s debt paper at discount by a mutual fund seen as the trigger Driven by fears about fresh defaults from non-banking finance companies and regulatory restrictions on housing finance companies, the stock markets went into …

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Agencies to do eco-impact checks

Centre plans randomised monitoring by reputed government institutions The Union Environment Ministry proposes to allow research organisations and accredited agencies to monitor if companies are complying with environmental conditions. “…the Central Government proposes to introduce the concept of randomised third-party compliance monitoring of the environment clearance conditions through national-level reputed …

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Surgical Strike Day not compulsory: Javadekar

‘Thousands and lakhs of students want to hear about it’ Union Minister of Human Resource Development (HRD) Prakash Javadekar said on Friday that the celebration of September 29 as Surgical Strike Day in universities was not compulsory, but said such an event was decided on the advice of many students. …

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