PRELIMS The Directorate General of Trade Remedies (DGTR) has recommended the imposition of an anti-dumping duty on the import of Poly Vinyl Chloride (PVC) Paste Resin from China and five other countries. About DGTR: DGTR, formerly known as the Directorate General of Anti-dumping and Allied Duties (DGAD), was established in …
Read More »Daily Archives: December 31, 2024
India-Australia Economic Cooperation and Trade Agreement (ECTA) – Two Years of Success
PRELIMS The India-Australia Economic Cooperation and Trade Agreement (ECTA) marks two years of significant achievements. Key Developments: Bilateral merchandise trade surged from USD 12.2 billion (2020-21) to USD 26 billion (2022-23). Trade moderated to USD 24 billion in 2023-24, with India’s exports to Australia growing by 14%. About Ind-Aus ECTA: …
Read More »Rupee’s REER Index and Effective Exchange Rate (EER)
PRELIMS According to RBI data, the REER Index of the Rupee reached a record high of 108.14 in November 2024, reflecting a 4.5% increase during the year. About Effective Exchange Rate (EER): The Effective Exchange Rate (EER) gauges the value of a currency relative to a basket of other currencies. …
Read More »PANGONG TSO LAKE
PRELIMS – MAPS Type: A 135 km long, saline, landlocked lake. Nature: It is an endorheic lake, meaning it doesn’t drain into other water bodies like rivers or oceans. Name: “Pangong Tso” is Tibetan for “high grassland lake.” Location: Where: Located on the Ladakh-China border at over 14,000 feet. Division: …
Read More »ISRO’S SPADEX (SPACE DOCKING EXPERIMENT)
GS 3 – SCIENCE AND TECHNOLOGY Why in News? ISRO is set to launch the Space Docking Experiment (SpaDeX) mission, a significant milestone in India’s space exploration efforts. This mission will demonstrate satellite docking technology, essential for future space missions. SpaDeX is a technology demonstrator mission developed by ISRO to …
Read More »THIRD-PARTY APPLICATION PROVIDER (TPAP)
GS 3 – SCIENCE AND TECHNOLOGY A TPAP is an entity that offers UPI-compliant applications to end-users for facilitating payment transactions via the Unified Payments Interface (UPI). These applications include mobile wallets, merchant platforms, or other services that utilize UPI for payments. The UPI platform is owned and operated by …
Read More »CAMP DAVID ACCORDS 1978
GS 2 – INTERNATIONAL RELATION The Camp David Accords were a pair of political agreements signed on 17 September 1978 by Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin, following twelve days of secret negotiations at Camp David, the U.S. presidential retreat in Maryland. The agreements were witnessed …
Read More »DRUGS AND COSMETICS ACT, 1940
GS 2 – GOVERNANCE The Drugs and Cosmetics Act, 1940 regulates the import, production, sale, and distribution of drugs and cosmetics in India through licenses and permits. Purpose: The Act ensures that drugs and cosmetics in India are safe, effective, and meet national standards. Associated Rules (1945): The Drugs and …
Read More »