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IEA’s Electricity Market Report
The International Energy Agency (IEA) released its early 2022 edition of the bi-annual Electricity Market Report. Key facts of the report As per report, countries are largely turning to fossil fuels for meeting the increase in electricity demand, as Covid-19 ..
Month: Current Affairs - January, 2022
Category: Reports & Indexes Current Affairs
India joins G20-OECD Tax Framework deal
India and majority members of OECD and G20 Inclusive Framework on Base Erosion & Profit Shifting adopted a high-level statement that outlines a consensus solution in a bid to address tax challenges that are arising from digitalisation of economy. Key ..
Month: Current Affairs - July, 2021
What is Significant Economic Presence (SEP) principle?
India recently notified Digital Tax threshold of two crore rupees and 300,00 users under the Significant Economic Presence principle. This threshold was notified for non-resident technology firms such as Netflix, Facebook, Google, to pay tax in India. The principle was ..
Month: Current Affairs - May, 2021
European Union bans Export of Plastic Waste to poor countries
The European Union recently announced that it is to completely ban the exports of unsorted plastic to poor countries. The new rules of the European Union will amend the 2006 Waste Shipment Regulation. The new rules are to ban the ..
Month: Current Affairs - December, 2020
Union Cabinet: MoU between India and Spain in Astronomy approved
On November 4, 2020, the Union Cabinet chaired by PM Modi approved the Memorandum of Understanding signed between India and Spain. The MoU will facilitate scientific and technical collaborations between the countries in the field of Astronomy. Key Highlights The ..
Month: Current Affairs - November, 2020
First Meeting of G-20 Anti-Corruption Working Group held
On October 22, 2020, the first ministerial meeting of G-20 anti-corruption working group was held. Saudi Arabia becomes the first country to host the meeting. Highlights The Anti-Corruption Working Group of G-20 was established in June 2010 at the Toronto ..