Source: Indian Express What is the News? The meetings among the OPEC+ group of oil-exporting countries have stalled. Because the UAE has pushed back proposals, making an increase in crude oil supply conditional on an extension to an output agreement. Background: In April 2020, the OPEC+ countries had signed a two-year agreement. It included steep… Continue reading OPEC’s output pact proposal: How will decision affect India?
Category: Factly: IR
This category contains all Current Affairs Factly Articles for Prelims, related to the International Relations. You can find all relevant International updates on this page. This page is specifically useful for UPSC Prelims exam.
How India stands to gain from the proposed global minimum tax
Source: Livemint What is the News? India and the 129 countries have backed a Global Minimum Corporate Tax. It will keep multinational firms from avoiding taxes by shifting their profits to countries with low rates. What was the need for the Global Minimum Corporate Tax(GMCT) deal? Governments have long-faced the challenge of taxing global companies… Continue reading How India stands to gain from the proposed global minimum tax
India sees ‘consensus’ by Oct. on OECD-G20 global tax deal
Source: The Hindu, Business Standard, Livemint Contents1 What is the news?2 Rationale behind the deal3 How much additional tax revenue would be generated?4 India has agreed to a lower threshold. Why?5 Why some countries haven’t joined the agreement?6 How have big international corporations reacted? What is the news? A day after joining the OECD-G20 framework… Continue reading India sees ‘consensus’ by Oct. on OECD-G20 global tax deal
Pandemic increased vulnerability to human trafficking: U.S. report
Source: The Hindu What is the News? The U.S State Department has released the Trafficking in Persons report. About Trafficking in Persons report: Trafficking in Persons is an annual report released by the U.S State Department since 2001. Ranking: The report ranks countries in tiers based on their compliance with the minimum standard for eliminating… Continue reading Pandemic increased vulnerability to human trafficking: U.S. report
7th edition of Indian Ocean Naval Symposium(IONS)
Source: PIB What is the News? The 7th edition of Indian Ocean Naval Symposium(IONS) was hosted by the French Navy at La Réunion. About Indian Ocean Naval Symposium(IONS): Indian Ocean Naval Symposium(IONS) is a biennial forum conceived by the Indian Navy in 2008. Purpose: It is a voluntary initiative that seeks to increase maritime cooperation… Continue reading 7th edition of Indian Ocean Naval Symposium(IONS)
Covishield gets nod from nine European countries for travel
Source: The Hindu Contents1 What is the News?2 What was the issue?3 Indian Government’s Response:4 Which countries have now included Covishield? What is the News? Around nine countries in Europe have given recognition to the Covishield vaccine produced by the Serum Institute of India. What was the issue? A lot of Indian travelers who were… Continue reading Covishield gets nod from nine European countries for travel
FTAs with key nations will boost exports, attract more investments: FIEO
Source: Business Standard What is the News? Federation of Indian Exports Organization (FIEO) has said that signing free trade agreements (FTAs) with India’s major trading partners such as the United States, UK, EU, Australia will boost exports and help in attracting more foreign investments into the country. What are FTAs (Free Trade Agreements)? FTAs are… Continue reading FTAs with key nations will boost exports, attract more investments: FIEO
World Bank’s Global Economic Prospects (GEP)
Source: Livemint Syllabus: Indian Economy and issues relating to planning, mobilization, of resources Synopsis: The World Bank releases a Global Economic Prospects (GEP) report twice a year. It is the most important source for evaluating the current and future outlook for emerging markets and developing economies (EMDEs). The recently released edition is significant because of the… Continue reading World Bank’s Global Economic Prospects (GEP)
Hope to resolve Covishield-EU issue soon, says Adar Poonawalla
Source: The Hindu What is the news? Serum Institute of India (SII) Chief Executive Officer has raised the issue of the European Union’s (EU) ‘Green Pass’ at the highest level in the EU. What is the issue? A lot of Indian travellers, who are vaccinated with Covishield may not be eligible for the European Union’s ‘green pass’.… Continue reading Hope to resolve Covishield-EU issue soon, says Adar Poonawalla
INS Tabar deployed for naval exercises in Africa, Europe till September
What is the News? Indian Naval Ship(INS) Tabar started its prolonged deployment on June 13. It will now visit a number of ports in Africa and Europe till September end, 2021. What will INS Tabar do? INS Tabar will transit across the Gulf of Aden, Red Sea, Suez Canal, Mediterranean Sea, North Sea and Baltic Sea. The ship will also… Continue reading INS Tabar deployed for naval exercises in Africa, Europe till September
