Merger of Companies
Merger process in respect of two or more unlisted companies, holding and subsidiary companies have been amended.
About Merger of Companies
- A merger is an agreement where two existing, independent companies combine to form a new, singular legal entity.
- Mergers can take several forms, such as horizontal (companies in the same industry), vertical (companies in the same supply chain), and conglomerate (companies from different sectors).
- Companies Act, 2013 allows mergers/demergers.
- National Company Law Tribunal (NCLT): NCLT is the primary authority responsible for approving mergers and demergers.
- Significance: Ease of doing business, reduce compliance burden etc.
- Tags :
- Companies Act
- Merger of Companies
Commonwealth Parliamentary Association (CPA)
Lok Sabha Speaker inaugurated the 11th Commonwealth Parliamentary Association (CPA) India Region Conference, in Bengaluru.
About The CPA
- It is one of the oldest established organisations in the Commonwealth.
- Genesis: Founded in 1911.
- Members: Over 180 Legislatures (or Branches). (India is a member).
- Headquarters Secretariat: Houses of Parliament(UK), London.
- Objective: It offers a vast opportunity for Parliamentarians to collaborate on issues of mutual interest and to share good practice.
- Tags :
- Commonwealth Parliamentary Association (CPA)
- Commonwealth Nations
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Fast Track Immigration - Trusted Traveller Programme (FTI-TTP)
The Union Home Minister virtually inaugurated FFTI-TTP at Lucknow, Thiruvananthapuram, Trichy, Kozhikode, and Amritsar airports.
About FTI-TTP
- Purpose & Benefit: designed to streamline immigration at Indian airports so that registered travellers can clear immigration in about 30 seconds, avoiding queues and manual checking.
- Rollout & Reach: Launched in 2024 at Delhi, then extended to 13 other airports.
- Eligibility: Indian Nationals and Foreign Nationals holding OCI Card.
- Tags :
- Airports
- Immigration
- Fast Track Immigration - Trusted Traveller Programme (FTI-TTP)
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Disaster Risk Index (DRI)
Himachal Pradesh Chief Minister stressed on reframing the Disaster Risk Index (DRI) in a meeting with 16th Finance Commission.
About Disaster Risk Index (DRI)
- Developed by: 15th Finance Commission.
- Aim: To bring objectivity in resource allocation (fiscal federalism) and take note of disaster risk faced by the states.
- Coverage: 14 hazards, 14 vulnerabilities and 2 exposures are covered.
- Hazards include: Earthquake, Cyclone, Flood, Drought, etc.
- Vulnerabilities: Rural/Urban poor, vulnerable children, vulnerable women, etc.
- exposures: Population and GDP are the two parameters considered.
- Tags :
- Himachal Pradesh
- Disaster Risk Index
F404-IN20 Engine
HAL has received the 3rd of 99 F404-IN20 engines, ordered from US firm GE Aerospace.
- Engine supply stability is critical for HAL to meet its delivery schedule of Tejas Mk-1As.
About F404-IN20 engines
- Type & Origin: Afterburning turbofan engine, customized for India’s LCA Tejas Mk-1A fighter aircraft.
- Power & Performance: Produces around 85 kN thrust, giving Tejas high subsonic/supersonic capability.
- Versatile Military Application: Powers a wide range of aircraft, from subsonic attack to high-altitude interception missions.
- Tags :
- LCA Mk-1A
- F404-IN20 engines
AdFalciVax Vaccine
Government of India has licensed private firms to produce its first indigenous multi-stage malaria vaccine, AdFalciVax.
About AdFalciVax Vaccine
- Developed by: Indian Council of Medical Research (ICMR)
- Mechanism: Targets Plasmodium falciparum(Deadliest malaria parasite Species) at multiple stages, unlike existing vaccines that cover only one.
- Properties: It is a Recombinant Chimeric Vaccine that combines antigens from different parasite stages into a single immunogen using recombinant DNA technology.
- Advantages: Dual-stage protection, longer immunity, and cost-effective production.
- Tags :
- Malaria Vaccine
- AdFalciVax
Exercise Siyom Prahar
The Indian Army conducted Exercise Siyom Prahar in Arunachal Pradesh.
About Exercise Siyom Prahar
- Aim: To validate drone integration in tactical operations under battlefield-like conditions.
- Drone types used: Forsurveillance, battlefield reconnaissance, target acquisition, and precision strikes.
- Significance: Helped develop new tactics, techniques, and procedures (TTPs) for integrating drone inputs with conventional firepower, joint targeting, and rapid decision-making in dynamic scenarios.
- Tags :
- Indian Army
- Siyom Prahar
Murikooti Pacha
Indian researchers have harnessed the wound-healing potential of murikooti pacha.
About Murikooti Pacha
- It is the red ivy plant, locallyknown as Murikooti Pacha and Vranaropani in Sanskrit.
- Origin: Native to Southeast Asia, it is also found in other tropical regions including India.
- Characteristics:
- It is a small herb with rooting branches, deep reddish leaves and white flowers.
- The wound-healing pad contains a molecule, acteoside, a natural compound known for its therapeutic potential.
- Tags :
- Murikooti Pacha
- Red Ivy plant