Authorised Economic Operators Programme Context: The Central Board of Indirect Taxes & Customs (CBIC) has inaugurated the online filing of Authorised Economic Operators Programme Applications The web application is designed to ensure continuous real-time and digital monitoring of physically filed AEO applications for timely intervention and expedience. About: Authorised Economic Operators Programme ...
Tele-Law Context: Recently, the Justice Department commemorated the milestone of crossing 9 lakh beneficiaries under its Tele-Law programme through Common Service Centres. Common Service Centre programme is an initiative of the Ministry of Electronics & IT (MeitY), that serves as the access points for delivery of various electronic services to villages in India,...
Open Network for Digital Commerce Context: The Department for Promotion of Industry and Internal Trade has issued orders appointing an advisory committee for its Open Network for Digital Commerce (ONDC) project that is aimed at curbing “digital monopolies”. This is in the direction of making e- commerce processes...
Issue of Marine Plastic Context: According to the Central Pollution Control Boards (CPCB) Annual Report on Implementing the Plastic Waste Management Rules, 2016, the plastic waste generated in 2018-19 was 3.3 million tones per year (roughly 9,200 tones per day). About: Marine Plastic: Plastic is a synthetic organic polymer made...
The New Ministry of Co-operation Context: Recently, a separate ‘Ministry of Co-operation’ has been created by the Central Government for realizing the vision of ‘Sahkar se Samriddhi’ (Prosperity through Cooperation) and to give a new push to the cooperative movement. The Government has signaled its deep commitment to community based developmental partnership. It also...
India Joins OECD/G20 Inclusive Framework Tax Deal Context: India and the majority of the members of OECD-G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) have joined a new two-pillar plan to reform international taxation rules. The two-pillar plan - inclusive framework tax deal on Base Erosion and Profit Shifting (BEPS)- seeks to reform...
Output Pact: OPEC+ Context: Recently, the United Arab Emirates (UAE) pushed back against a plan by the Organization of the Petroleum Exporting Countries (OPEC+) Plus group to extend the global pact to cut oil production beyond April 2022. About: The Output Pact & Fluctuating Oil Price: • The OPEC+ group...
Fly Ash Context: • National Thermal Power Corporation (NTPC) Limited has invited Expression of Interest (EOI) for sale of fly ash, in its endeavour to achieve 100% utilization of fly ash, from the designated plants of the Middle East and other regions. • Fly Ash is a byproduct...
Last Ice Area Context: The ‘Last Ice Area’ (LIA), located in the Arctic’s Ice north of Greenland, has started melting earlier than what the scientists had expected. About: Last Ice Area: This region is located north of Greenland and Ellesmere Islandin the Canadian territory of Nunavut. This area was believed to bestrong enough to...
Forex Reserves Context: According to the recent data from the Reserve bank of India, India’s Foreign Exchange (Forex) reserves surged by $ 5 billion to $ 609 billion in the week ended 25th June 2021. An increase in the Foreign Currency Assets (FCA) is the major component of overall reserves. About: Changes in...
