Important for UPSC, State PCS Prelims: EconomyMains: General Studies Paper 2, Paper 3 Countervailing duty (CVD) and Antidumping duty (ADD) in the international trade play crucial roles in safeguarding domestic industries from unfair trade practices. Why in the news? https://www.thehindu.com/news/national/dgtr-recommends-anti-dumping-duty-on-sodium-cyanide-imports/article68042916.ece https://www.thehindu.com/business/Industry/why-the-european-commission-imposed-provisional-anti-dumping-duties-on-indian-optical-fiber-cable-makers-explained/article68315717.ece Countervailing Duty (CVD) Government of the importing country impose countervailing duty on imported goods…

Important for UPSC, State PCS Prelims: Ancient History, Current AffairsMains: General Studies Paper 1 Why in news? https://indianexpress.com/article/explained/as-a-new-campus-rises-at-an-ancient-site-the-story-of-nalanda-9403090/ Reviving the Legacy: Nalanda University Nalanda University stands as a beacon of India’s rich intellectual heritage and a testament to the India’s profound influence on the world’s scholarly pursuits. Nalanda University was located in Bihar was a…
Important for UPSC, State PCS, Punjab PCS Prelims: GS Paper 1, Geography, Agriculture, EnvironmentMains: General Studies GS Paper 1, GS Paper 3 Why in news? https://indianexpress.com/article/explained/direct-seeding-rice-punjab-9395604/ What is Direct seeding of Rice? Direct seeding is a crop establishment system wherein rice seeds are sown directly into the field, as opposed to the traditional method of…

Important for: UPSC and State PCS exams Prelims: President, Powers of PresidentMains: General Studies Paper 2 Why in news? President Droupadi Murmu has declined the mercy petition of Mohammed Arif, convicted for the 22 December, 2000 terrorist attack at the Red Fort, resulting in the deaths of three individuals, including two Army jawans. Reference https://indianexpress.com/article/explained/explained-law/red-fort-case-standards-for-awarding-death-presidents-mercy-power-9391493/…

Ref : https://indianexpress.com/article/opinion/columns/msmes-are-not-paid-on-time-they-need-to-be-9312221/ Introduction India’s economy relies heavily on the MSME sector, which encourages entrepreneurship and generates employment with minimal investment. It complements larger industries as ancillary units, contributing to inclusive industrial growth. However, the MSME sector faces challenges like limited access to finance, slow technology adoption, and struggles to compete globally. What are MSMEs?…

Ref : https://indianexpress.com/article/business/permanent-deletion-transactions-e-rupee-anonymous-shaktikanta-das-9312058/ Why in the news? Governor Shaktikanta Das said that permanent deletion of transactions can make the e-rupee or Central Bank Digital Currency (CBDC) become anonymous and make it at par with paper currency. What is Central Bank Digital Currency (CBDC)? A fiat currency is a national currency that is not pegged to…

Ref : https://indianexpress.com/article/business/economy/govt-clamps-down-on-dumping-from-china-over-1-3rd-anti-dumping-duties-levied-in-cases-with-sole-or-two-producers-since-fy22-9310194/ Why in the news? The government tightens restrictions on imports from China. More than a third of anti-dumping tariffs imposed in cases involving only one or two manufacturers since the fiscal year 2022. What is Anti-Dumping Duty? What is Countervailing duty (CVD)?
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