Page-2 of Current Affairs - December, 2023

E-Commerce Exports Handbook for MSMEs

December 29, 2023

The Commerce Minister Piyush Goyal released a comprehensive “E-Commerce Exports Handbook for MSMEs” to boost overseas shipments by small businesses using online platforms. A One-Stop Guide The handbook offers a definitive guide for micro, small and medium enterprises (MSMEs) to ..

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India Warns Offshore Crypto Exchanges Flouting Regulations

December 29, 2023

India’s anti-money laundering agency, the Financial Intelligence Unit (FIU-IND), has issued legal notices to 9 offshore cryptocurrency platforms violating domestic regulations. Bringing Crypto into the AML Ambit In March 2022, India mandated all Virtual Digital Asset Service Providers (VDA SPs) ..

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New Guidelines Address Concerns Over India’s E-Commerce Tax Rule

December 29, 2023

The CBDT has released detailed guidelines clarifying issues regarding Section 194-O of the Income Tax Act mandating a 1% Tax Deduction at Source (TDS) by e-commerce companies. What Does Section 194-O Require? Introduced in 2020, Section 194-O requires e-commerce operators ..

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Wang’s Garden Lizard Discovered in China

December 28, 2023

Researchers have identified a new species of iguana living in southern China and Vietnam that was previously confused with a close iguana relative found in the region. Meet Calotes Wangi The lizard has been named Calotes wangi or Wang’s garden ..

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Former European Commission President Jacques Delors Dies at 98

December 28, 2023

Former European Commission President Jacques Delors passed away recently at age 98. The French statesman was instrumental in major EU integration milestones but drew the ire of euroskeptics in Britain. Unifying Europe As Commission president from 1985-1995, Delors spearheaded landmark ..

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“Trend and Progress of Banking in India” Report

December 28, 2023

India’s banking sector demonstrated continued positive momentum in recent quarters, with falling bad loans, profitable growth and adequate capital buffers. Declining Bad Loan Ratio The non-performing asset (NPA) ratio of scheduled commercial banks dropped to a 10-year low of 3.2% ..

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Scientists Decode Unique Endangered Fish Genome

December 28, 2023

Scientists have for the first time sequenced the mitochondrial DNA of the Brahmanakenda fish found solely in Kerala’s Periyar Tiger Reserve. The breakthrough offers insights to protect this critically endangered species. Introducing Lepidopygopsis typus Lepidopygopsis typus, locally dubbed Brahmanakenda, is ..

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Union Cabinet Approves New Bihar Bridge, MSP Hike, and Other Key Decisions

December 28, 2023

Government recently greenlit several major initiatives, including constructing a new Ganga River bridge in Bihar and raising minimum support prices for copra. Ganga Bridge to Boost Bihar Connectivity A 4.56 km, six-lane bridge will be built over the Ganga, linking ..

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PM Modi to Inaugurate State-of-the-Art Ayodhya Railway Station

December 28, 2023

Indian Prime Minister Narendra Modi will inaugurate the new Ayodhya Dham railway station on December 30th. The transport hub sets a new benchmark for convenience with airport-style amenities across its cutting-edge three-story complex. Distinctive World-Class Facilities Ayodhya Dham stands out ..

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NASA Sends Spacecraft to Study ‘God of Chaos’ Asteroid

December 28, 2023

NASA has relaunched a spacecraft to explore an asteroid nicknamed the “God of Chaos” that will make an extremely close flyby of Earth in 2029. Introducing Asteroid Apophis The asteroid Apophis, named after the Egyptian god of chaos, measures about ..

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