U.S. banned Cotton Imports from China

Author gktnet Posted on December 3, 2020December 6, 2020Categories International Current Affairs   Leave a comment on U.S. banned Cotton Imports from China

The United States (US) have started putting economic pressure on  western region of Xinjiang in China. The US has banned the cotton imports from quasi-military organization of china citing the reason that it is involved in the forced labour of detained Uighur Muslims. Highlights The Xinjiang Production and Construction Corps (XPCC) is the leading producer of Cotton in China. The move is taken by the Trump administration who is in its last week of working. The decision has taken to … Continue reading “U.S. banned Cotton Imports from China”

ADB-India $50-million Loan Agreement for Financial Management Reforms

Author gktnet Posted on December 3, 2020December 6, 2020Categories India Current Affairs [Gov. & Politics], International Current Affairs, States Current AffairsTags , , , ,   Leave a comment on ADB-India $50-million Loan Agreement for Financial Management Reforms

The Asian Development Bank (ADB) and the Central government of India have signed a $50-million policy-based loan. The loan would be utilized to improve the financial management procedures. Key Facts The loan would also be used in operational efficiencies which aims to achieve more fiscal savings, to promote the informed decision-making, and to improve service delivery in West Bengal. The signatories to the West Bengal Public Finance Management Investment Programme were the Additional Secretary, Department of Economic Affairs in the … Continue reading “ADB-India $50-million Loan Agreement for Financial Management Reforms”

India-US Counternarcotics Working Group (CNWG)

Author gktnet Posted on December 3, 2020December 6, 2020Categories International Current AffairsTags , , , , , ,   Leave a comment on India-US Counternarcotics Working Group (CNWG)

India and the United States (US) have agreed to strengthen their collaboration in counternarcotics regulation and law enforcement. Both the countries have identified areas for joint action and coordination on the counternarcotics issue. Counternarcotics Working Group (CNWG) The inaugural meeting of the Counternarcotics Working Group (CNWG) was held on November 24, 2020 in virtual format. Both the countries agreed to enhance their data sharing operations so as to combat the production, diversion, distribution, and export or import of drugs & … Continue reading “India-US Counternarcotics Working Group (CNWG)”

China started Importing Rice from India

Author gktnet Posted on December 3, 2020December 6, 2020Categories Economy & Banking Current Affairs, International Current AffairsTags , , , , ,   Leave a comment on China started Importing Rice from India

China has started importing rice from India for the first time. This move has come in three decades for the first time amid the India-china border tensions. Why China started importing rice after three decades? China had stopped importing rice because of tightening supplies from its traditional exporters. China also has raised the quality issues with the Indian rice. Now, it has started importing after India gave an offer of sharply discounted prices. Further, Thailand, Vietnam, Myanmar and Pakistan are … Continue reading “China started Importing Rice from India”

World Trade Report, 2020

Author gktnet Posted on December 2, 2020December 6, 2020Categories Reports & Index in Current AffairsTags , , , , ,   Leave a comment on World Trade Report, 2020

The World Trade Organisation (WTO) has released the World Trade Report, 2020. Key highlights The report by the World Trade Organisation analyses the adoption of government policies so as to foster the technological progress and digital innovation. The report highlights that due to covid-19 crisis, 115 countries have adopted new digital and industrial strategies. These digital and industrial strategies would boost the transition towards digital economy. The strategies includes tax breaks that facilitate the digital innovation, policies to address access … Continue reading “World Trade Report, 2020”

Karnataka HC ruling- Right to marry the person of choice is a Fundamental Right

Author gktnet Posted on December 2, 2020December 6, 2020Categories Legal Current AffairsTags , , , , ,   Leave a comment on Karnataka HC ruling- Right to marry the person of choice is a Fundamental Right

The Karnataka High Court has passed the ruling that the right to marry the person of choice of any major individual is a fundamental right enshrined in the Constitution of India. Background The ruling was heard by the High Court division bench consisting of  Justices S Sujata and Sachin Shankar Magadum. A habeas corpus petition was filled by Wajeed Khan. The petitioner was seeking the release of his partner Ramya from the confinement. What the court ruled out? The Karnataka … Continue reading “Karnataka HC ruling- Right to marry the person of choice is a Fundamental Right”