News: The Indian Army is participating in the 18th edition of India-Nepal Joint Military Exercise SURYA KIRAN in Nepal. It is an annual training event conducted alternatively in the two countries. https://pib.gov.in/PressReleasePage.aspx?PRID=2088529
About National Minorities Development and Finance Corporation (NMDFC) is a Government Corporation under the Companies Act 2013, under the administrative control of Ministry of Minority Affairs. The Corporation has been set up to promote Socio-Economic development of Backward Sections amongst …
Context The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) completes two years, driving mutual growth and showcasing the complementarity of both economies. About ECTA The ECTA was signed in 2022 to increase trade between the two sides to $45-50 …
What is a windfall tax? Windfall taxes are designed to tax the profits a company derives from an external, sometimes unprecedented event— for instance, the energy price-rise as a result of the Russia-Ukraine conflict. These are profits that cannot be …
What is meant by carbon capture and storage? Carbon capture and storage (CCS) refers to technologies that can capture carbon dioxide (CO₂) at a source of emissions before it is released into the atmosphere. These sources include the fossil fuel …
What’s in the news? Months after announcing that the Free Movement Regime (FMR) along the Myanmar border has been entirely suspended, the Union Ministry of Home Affairs (MHA) has brought in fresh protocol to regulate the movement of people living …
About the platform PRAGATI (Pro-Active Governance And Timely Implementation) is an Information and Communication Technology (ICT) based multi-purpose and multi-modal platform launched in 2015 by the Prime Minister’s office (PMO). It is aimed at addressing common man’s grievances and simultaneously …
What’s in the news? The Union Ministry of Home Affairs (MHA) has reimposed the Protected Area Regime (PAR) in the States of Manipur, Nagaland, and Mizoram to restrict and monitor the movement of foreigners. From now on, foreigners visiting the …
About MFN Principle The Most Favoured Nation (MFN) principle is based on the idea that countries should treat all their trade partners equally—that no one country should be “more favoured.” It means no country should give special treatment to goods …