Knolls Archive of Day 18th of November 2024
Centre to scrap windfall levy as crude prices cool
News: The Centre has decided to scrap the windfall tax as the oil prices have subdued. 1. A windfall tax is a tax imposed on companies or industries that have experienced unexpectedly high profits due to factors beyond their control or normal business operations. 2. It is often levied on industries such as oil, gas… Continue reading Centre to scrap windfall levy as crude prices cool
No progress in matters critical to developing countries: India at COP29
News: At the Mitigation Work Programme (MWP), India expressed displeasure over developed countries’ unserious discussion to support climate change action in developing nations. 1. Mitigation Work Programme (MWP) is a mechanism set up by the United Nations Framework Convention on Climate Change in 2022 at COP 27 in Sharm el-Sheikh. 2. It aims to help… Continue reading No progress in matters critical to developing countries: India at COP29
India conducts historic flight test of hypersonic missile with a range of 1,500 km
News: The Defence Research and Development Organisation has successfully conducted the flight test of its maiden long-range hypersonic missile from Dr APJ Abdul Kalam Island, off the coast of Odisha. 1. The missile has been designed to carry various payloads for ranges greater than 1,500 km for Indian armed forces. 2. The missile has been… Continue reading India conducts historic flight test of hypersonic missile with a range of 1,500 km
