Context: In a declaration of war on low-tax jurisdictions around the globe, US has urged the world’s 20 advanced nations to move in the direction of adopting a minimum global corporate income tax rate– in essence, setting a minimum rate for corporations all over the world to pay regardless of which jurisdiction they are registered …
What is Global Minimum Corporate Tax Rate in UPSC? Read More »
Context: The value of Dogecoin value, a virtual currencies Bitcoin and Ethereum, has risen phenomenally recently. The main reason believed to be behind Dogecoin’s meteoric surge is the same that has propelled the value of Bitcoin and Etherem– recent listing of Coinbase, the most popular virtual currency exchange in the US. Analysis Dogecoin was initially …
Context: The Ministry of Home Affairs (MHA) has restored the electronic visa (Indian e-visa ) facility for foreigners from 156 countries, who intend to visit India for the purposes of business, conferences, and for medical reasons, including in the case of medical attendants. E-visa for tourists is yet to be restored. Analysis Though the facility …
What is an (Indian e-visa) electronic visa facility? Read More »
Context: Average spot power price rose by 65% to ₹4.06 per unit in March compared to the year earlier month at the Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperature and revival of economic activities. Analysis INDIAN ENERGY EXCHANGE LIMITED (IEX) is the first and largest energy …
Context: The Prime Minister has lauded the completion of Arch closure of the Chenab Bridge, World’s highest Railway Bridge in Jammu & Kashmir by Indian Railways It connects Kashmir with the rest of India through a rail line. The 1.315 km long “engineering marvel” will link Bakkal in Katra and Kauri in Srinagar. The Chenab …
Context: India has fallen 28 spots to rank 140th among 156 countries on the World Economic Forum’s Global Gender Gap Report 2021. In 2020, India had ranked 112th among 153 countries on the index. Global Gender Gap Report 2021 The index benchmarks the evolution of gender-based gaps among four key dimensions – Economic Participation and Opportunity, Educational …
World Economic Forum’s Global Gender Gap Report 2021 Read More »
Context: Christie’s held an auction to sell the work by digital artist Beeple- first ever sale by a major auction house of a piece of digital art that does not exist in physical form. The work is in the form of a new kind of digital asset: a Non Fungible Token (NFT). This means that …
Context: The central government has made front passenger airbags mandatory for all vehicles as per the new airbag rule (it is compulsory to fit a driver airbag in cars from July 2019). New Airbag rule The Ministry of Road Transport and Highways (MoRTH) has mandated that “Vehicles manufactured on and after April 1, 2021, in …
New Airbag rule means for Passengers and Carmakers Read More »