Recently, the Members of the European Union agreed in principle to implement a minimum tax of 15% on big businesses. The global corporate minimum tax was approved at the G20 Leaders Summit in Rome in 2021. Global minimum tax: It is a proposal to impose a minimum rate of taxation on corporate income in mostRead more
According to the Ministry of Commerce, India’s exports declined by about 16.7 (sixteen point seven) % in October compared with the year earlier. Challenges Related to Indian Export Growth: Rising Protectionism and Deglobalisation: Countries around the globe are moving towards protectionist trade policies due to disrupted global political order (Russia-Ukraine War) and weaponization of supplyRead more
Recently, Scientists in the United States have achieved a net gain in energy for the first time from a nuclear fusion reaction which is considered as the most dependable source of energy in future. Methods: The experiment forced a minuscule amount of hydrogen into a peppercorn-sized capsule, for which scientists used a powerful 192-beam laserRead more
The Multi-State Co-operative Societies (Amendment) Bill 2022 is aimed at overhauling the Multi-State Cooperative Societies Act, 2002 Cooperatives are organizations formed at the grassroots level by people to harness the power of collective bargaining in the marketplace. It is a state subject. Cooperatives of more than one state are registered under the Multi-State Co-operative SocietiesRead more
End-to-end encryption is a method of secure communication that prevents third parties from accessing data while it’s transferred from one end system or device to another. It prevents third parties like cloud service providers, internet service providers (ISPs) and cybercriminals from accessing data while it is being transferred. The process of end-to-end encryption uses anRead more
The Central Government has sought Parliament’s approval for fresh expenditure of Rs 2.14 lakh crore towards major subsidies, over and above the Rs 3.17 lakh crore budgeted for 2022-23. This 5.32 lakh crore spending on subsidy in 2022-23 would be the second highest after the Rs 7 lakh crore of 2020-21. However, there’s a differenceRead more
Rajya Sabha passed the Wildlife (Protection) Amendment Bill, 2022 which seeks to conserve and protect wildlife through better management of protected areas and rationalise schedules which list out species under the Wildlife (Protection) Act, 1972. Issues with the Bill: The exemption given to ‘live elephant’ for commercial trade: Parliamentary Standing Committee headed by Jairam RameshRead more
Remittances to India are set to touch a record $100 billion in 2022, according to the World Bank’s latest report titled ‘Remittances Brave Global Headwinds’. India received $89.4 billion in 2021 — this is the first time a country will reach the $100 billion mark General trend in Remittances in 2022: World remittances are expectedRead more
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unveiled its latest review of the monetary policy. What is the need for monetary policy reviews? In India, the RBI is entrusted with the responsibility of devising monetary policy “with the primary objective of maintaining price stability while keeping in mind the objectiveRead more
In the climate negotiations areas of interest to developing countries are not covered or sparsely covered, while other areas are over-regulated. For instance, in COP27, there seems to be a concerted effort to fraudulently change the basic structure of the Climate Treaty. The concept of “Carbon Budget” has progressively emerged from the work of theRead more
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