Daily Archives: July 6, 2021

SWAMI VIVEKANANDA

Every year, 4th July is observed as the death anniversary of Swami Vivekananda, who is regarded as a one of the finest spiritual leaders and intellects India has produced. Important points: He was born as Narendranath Datta on 12th January, 1863. National Youth Day is held every year to observe the birth anniversary of Swami …

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MARS

Recently, the UAE’s Hope spacecraft  has captured images of glowing atmospheric lights in the Mars night sky, known as discrete auroras. The Hope Probe, the Arab world’s first mission to Mars, took off from Earth in July 2020, and has been orbiting the Red Planet (Mars) since February 2021. It is expected to …

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CUSTOM AND EXCISE DUTY IN INDIA

Recently, the government has decided not to impose Anti-Dumping Duty (ADD) on imports of certain copper products, from China, Thailand, Korea and three other countries. Important points: In April, Directorate General of Trade Remedies (DGTR) recommended imposing the duty on “copper and copper alloy flat-rolled products” from China, Korea, Malaysia, Nepal, Sri Lanka and Thailand, …

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INCLUSIVE FRAMEWORK TAX DEAL

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 international tax rules and ensure that multinational enterprises pay their fair …

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OPEC+

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. Important points: The OPEC+ group of countries had, in April 2020, entered into a two-year agreement (Output Pact), which …

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CHILD SOLDIERS

The US has added Pakistan and 14 other countries to a Child Soldier Recruiter List that identifies foreign governments having government-supported armed groups that recruit or use child soldiers. Child Soldier refers to any person below 18 years of age who has been, recruited or used by an armed force or armed group in any capacity. It includes …

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