Union Cabinet approves MoU between India and Malaysia

On October 21, 2020, the Union Cabinet chaired by Prime Minister Narendra Modi approved the Memorandum of Understanding signed between The Institute of Chartered Accountants of India and the Malaysian Institute of certified public Accountants. The agreement enables the  qualified Chartered Accountants of the countries to join other institutes based on their qualification. Highlights Based ..

Month: Current Affairs - October, 2020

Category: International Current Affairs

Topics: Asian Union • Chartered accountant • common wealth • G15 • ICAI • india-malaysia • Palm oil • Union Cabinet

Curbs on Palm oil imports tightened

On April 13, 2020, India tightened its curbs on imports of palm oil. Under the new conditions, the authorisation for imports of palm oil should be accompanied with pre-purchase agreement. Highlights Apart from the pre-purchase agreement, “certificate of origin” has also been made mandatory. This certificate is important to prove where the goods come from. ..

Month: Current Affairs - April, 2020

Category: India Nation & States Current Affairs

Topics: India imports • India-Indonesia • india-malaysia • Palm oil • Trade agreement

Imports of Edible Oil decline in India by 32.44%

The Solvent Extractors Association of India reported that edible oil imports in India has declined by 32.44% in March 2020. This is because, India, the largest importer if vegetable oil in the world has reduced its imports due to the threats of COVID-19. Highlights The report released by the association highlighted that India feeds its ..

Month: Current Affairs - April, 2020

Category: India Nation & States Current Affairs

Topics: Edible oil import • Edible oils • india-malaysia • India-Russia • India-Ukraine • Kashmir Issues • Soybean

HAL to set up logistics bases in Vietnam, Malaysia, Indonesia and Sri Lanka

The Hindustan Aeronautics Limited (HAL) is to set up logistics bases in Vietnam, Malaysia, Indonesia and Sri Lanka. This is to entice them towards buying India’s military helicopters and Light Combat Aircraft Tejas. Highlights The HAL is working towards increasing defence exports and help India achieve its 5 billion USD defence target. It will also ..

Month: Current Affairs - March, 2020

Category: Defence Current Affairs

Topics: Dhruv • Hal • Helicopters • India-Indonesia • india-malaysia • India-Sri Lanka • India-Vietnam • LCA-Tejas • West Asia

Malaysian Prime Minister Mahathir Mohammad resigns

On February 24, 2020, the Malaysian Prime Minister Mahathir Mohammad resigned over political issues. Highlights The 94-year old Mahathir tried to form a coalition. This move would exclude his successor Anwar Ibrahim. This led to a tussle in the party and eventually the leader resigned. However, he will act as an interim PM. India and ..

Month: Current Affairs - February, 2020

Category: International Current Affairs

Topics: article 370 • india-malaysia • Jammu and Kashmir Reorganisation Act 2019 • Kashmir Issues • PM Modi • United Nations