Switzerland Suspends ‘Most Favoured Nation Status’ to India

Switzerland has announced the removal of the most-favored-nation (MFN) clause from its tax agreement with India. This decision follows a Supreme Court ruling in 2023 concerning Nestle, which clarified the applicability of the MFN clause. The change will affect Indian ..

Month: Current Affairs - December, 2024

Category: miscellaneous

3rd India-UK Financial Markets Dialogue

Senior officials from India’s Ministry of Finance and the UK’s HM Treasury convened to discuss financial cooperation. This dialogue involved key regulatory bodies, including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the ..

Month: Current Affairs - December, 2024

Category: Economy & Banking Current Affairs

National Energy Conservation Day Observed on December 14

India observes National Energy Conservation Day on December 14 each year, which aims to raise awareness about the importance of energy conservation in daily life. It has been celebrated since 1991, denoting the need for energy-saving practices and technologies. Objectives ..

Month: Current Affairs - December, 2024

Category: Environment Current Affairs

4th National Conference of Chief Secretaries 2024

The fourth National Conference of Chief Secretaries is taking place in New Delhi, led by Prime Minister Narendra Modi, which aims to enhance cooperation between Central and State Governments. The focus is on cooperative federalism to ensure effective coordination for ..

Month: Current Affairs - December, 2024

Category: States Current Affairs

ADB Approves $500 Million Loan for India’s Sustainable Infrastructure

The Asian Development Bank (ADB) has recently approved a substantial loan aimed at boosting India’s economic growth through sustainable infrastructure. This initiative targets critical sectors requiring investment and aims to promote eco-friendly practices within infrastructure development. Loan Details ADB has ..

Month: Current Affairs - December, 2024

Category: Environment Current Affairs

India Becomes First Nation to Define ‘Green Steel’ Standards

India has recently become the first nation to officially define “green steel,” which includes steel produced with carbon dioxide emissions of less than 2.2 tonnes per tonne of finished steel. The government has also introduced a star-rating system to evaluate ..

Month: Current Affairs - December, 2024

Category: Environment Current Affairs

eCourts Mission Mode Project

The eCourts Mission Mode Project aims to modernize the Indian Judiciary through improved Information and Communication Technology (ICT). The project is being implemented in phases, with ongoing collaboration between the Department of Justice and the eCommittee of the Supreme Court. ..

Month: Current Affairs - December, 2024

Category: Legal & Constitution Current Affairs

Desert Knight Exercise: Trilateral Air Combat Exercise

India, France, and the UAE have commenced an air combat exercise named “Desert Knight” over the Arabian Sea, which aims to enhance defence cooperation among the three nations. The exercise focuses on improving the air forces’ ability to operate collaboratively ..

Month: Current Affairs - December, 2024

Category: Defence Current Affairs