Context Recently, the Supreme Court (SC) has reserved its verdict on whether “the rules of the game” for appointment to various posts in the judiciary can be changed mid-way through the selection process. Background According to the procedure prescribed under the Kerala State Higher Read More …
Month: July 2023
INDIA-UAE Relations
Context– Recently, India-UAE signed a Rupee-Dirham deal during Prime Minister Narendra Modi’s visit. Significance for India Deal between Central Banks: The Central Bank of the UAE and the Reserve Bank of India (RBI) decided to move on with the expansion of their economic cooperation. Local Currency Settlement System: The LCSS agreement Read More …
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Context: The United Kingdom formally signed a treaty to join a major Indo-Pacific bloc —‘Comprehensive and Progressive Agreement for Trans-Pacific Partnership(CPTPP)’ About CPTPP: The CPTPP requires countries to eliminate or significantly reduce tariffs and make strong commitments to opening services and investment Read More …
International North South Trade Corridor (INSTC)
Context: India and Iran plan to step up operationalizing the International North South Trade Corridor (INSTC) in a move to boost trade with Russia. (Image Credits: The Hindu) About International North South Trade Corridor: The INSTC was initiated in 2000 by Russia, India and Iran, Read More …
Attack on Crimea Bridge
Context: Recently, the Crimea bridge suffered damage when one of its sections was blown up. About Crimea Bridge: The Kerch Bridge, also known as Crimea Bridge, is the only direct link between the transport network of Russia Read More …
Advance Authorization Scheme
Context: Directorate General of Foreign Trade (DGFT) implements the Advance Authorisation Scheme under the Foreign Trade Policy. About Advance Authorisation Scheme: It allows duty-free import of inputs, which are physically incorporated in an export product. In addition to any inputs, packaging material, fuel, oil, and catalyst Read More …
Export Preparedness Index (EPI) 2022
Context: Recently, the NITI Aayog released the third edition of the report titled ‘Export Preparedness Index (EPI) 2022’ for States/UTs. About Export Preparedness Index (EPI) 2022: It is a comprehensive tool that measures the export preparedness of the States and UTs in India. Aim: Read More …
Standing Committee on Statistics (SCoS)
Context: The Ministry of Statistics and Programme Implementation (MoSPI) has replaced the Standing Committee on Economic Statistics (SCES) with a Standing Committee on Statistics (SCoS). Background: About SCES: The SCES was formed in late 2019 to examine economic indicators related to the industrial sector, services sector, and labor Read More …
Multilateral Development Bank (MDBs) Reforms
Context: Recently, a G20 independent expert group released its report on strengthening Multilateral Development Banks (MDBs). Probable Question: Q. What are the key challenges that have prompted the need for reform in Multilateral Development Banks (MDBs), and what specific measures are being considered to address Read More …
Ocean Resources and its potential
Context: A G20 meet was held recently to discuss sustainable ways to harness ocean resources. Ocean Resources: The living and nonliving resources found in the ocean water and bottoms are called “marine resources.” Marine resources are the living and nonliving things Read More …