Questions

The National Statistics Day (NSD) is celebrated every year in India on 29th June to create public awareness about importance of statistics in socio-economic planning and
policy formulation.
Note: The 2017 theme is “Administrative Statistics”

Gaul

The Union Cabinet has approved an ordinance to set up India’s first national sports university in Imphal, Manipur. The proposed university will be spread over 325 acres and cost Rs 524 crore.

The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices.

The reason that the Interstate Commerce Act required that rates be published was to avoid secret rebates and similar deals. Until then, big shippers would demand rebates from railroads, which would in effect reduce their shipping costs without letting competitors know. This is anti-competitive.

Hence, the Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.