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...
Andhra Pradesh-Telangana Water Dispute Context: Andhra Pradesh has complained to the Krishna River Management Board about the drawing of water from the Srisailam Project by Telangana for power generation. The KRMB, in its recent orders, had asked Telangana to stop power generation. The tension has emerged over...
Digital India Programme Context: Recently, the Prime Minister of India addressed a virtual event to mark the completion of six years of Digital India Program. About: Important Points of Address: India’s Techade: The data and demographic dividend combined with India’s proven tech prowess presents massive opportunity for the country,...
LEAF Coalition Context: LEAF (Lowering Emissions by Accelerating Forest Finance) Coalition was announced at the Leaders Summit on climate, 2021 LEAF coalition will be one of the largest ever public-private efforts to protect tropic forests and intend to mobilize at least USD 1 billion in financing to countries...
Energy Compacts Context: National Thermal Power Corporation (NTPC) Limited has become the first energy company in the energy domain in India to declare its Energy Compact Goals as part of UN High-level Dialogue on Energy (HLDE). The United Nations is set to convene a high-level dialogue(HLD) in September, 2021 to promote the implementation of...
‘Union’ Vs ‘Central’ Government Debate Context: Recently, the Tamil Nadu government has decided to shun the usage of the term ‘Central government’ in its official communications and replace it with ‘Union government’. In common parlance, the terms “union government” and “central government” are used interchangeably in India. However, the Constituent Assembly...
