United States (US) Current Affairs, GK & News

RIL becomes first Indian Company to be valued at USD 150 Billion

In rupee term, Mumbai based Indian Multinational conglomerate company, Reliance Industries Limited (RIL) on 19th June 2020 was valued at USD 150 billion following a rise in the share market, this also made RIL the first-ever Indian company to achieve a market value of above Rs 11 lakh crore. The positive growth in the shares ..

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What is Defence Production Act, 1950 invoked in the US?

US President Donald Trump invoked the Defence Production Act recently. The act has been invoked in order to direct General Motors, a Multinational Corporation to manufacture ventilators needed to fight COVID-19. Highlights The act was enacted in 1950 in response to Korean War. Under the act, President Truman established defence mobilization and also imposed price ..

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India-European Union to work together on Integrated Local Energy Systems

During India’s Smart Utility Week, India and European Union called upon Integrated Local Energy System. The countries are to work upon clean energy and climate. The collaboration will help to improvise clean energy supply Highlights The collaboration and steps that were taken are completely based on Mission Innovation. The collaboration will aim at increasing the ..

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Corona Virus: WHO increases Global threat; US postpones ASEAN; Geneva International Motor Show Cancelled

The COVID-19 (Corona Virus), that began in China has now spread to more than 45 countries. Outside China, South Korea has the highest number of COVID-19 victims. Highlights On February 29, 2020, the World Health Organization increased the global risk of COVID-19. This was because the endemic has now spread to sub-Saharan Africa and has ..

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India challenges WTO panel's ruling in US poultry case to DSB

India has challenged a World Trade Organisation (WTO) panel’s ruling that challenges country’s ban on United States (US) poultry product imports. In this regard, India has appealed to the Dispute Settlement Board (DSB) of the WTO. Background In 2007, India had banned imports of various agriculture products including poultry meat and eggs from the US. ..

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