International Relations

Global Minimum Corporate Tax Rate

What is Global Minimum Corporate Tax Rate in UPSC?

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 …

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Indian E-Visa

What is an (Indian e-visa) electronic visa facility?

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 …

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North Atlantic Treaty Organization

North Atlantic Treaty Organization (NATO)

 Context: Turkish PM criticised Washington for sanctioning a North Atlantic Treaty Organization ally. US has imposed sanctions targeting NATO member over its acquisition of Russian S-400 missile defence systems. Analysis All about North Atlantic Treaty Organization – NATO It was formed in 1949 with the signing of the Washington Treaty. NATO is a security alliance …

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United Nations Industrial Development Organization

United Nations Industrial Development Organization (UNIDO) 

United Nations Industrial Development Organization (UNIDO) Context  The Union Minister for Chemicals and Fertilisers hoped that United Nations Industrial Development Organization (UNIDO) will support domestic industry with international best practices and policy & technical assistance. Analysis United Nations Industrial Development Organization (UNIDO) is the specialized agency of the United Nations that promotes industrial development for …

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Russia Ukraine Conflict 

Russia-Ukraine Conflict :S. President Joe Biden affirmed his “unwavering support” for Ukraine in a call to President Volodymyr Zelensky after Kiev accused Moscow of building up military forces on its border. Analysis In 2014 Ukraine faced the greatest threat to its national security since the collapse of the Soviet Union, of which it had been …

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Group of 20 (G20)

Group of 20 (G20)

Context: Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated virtually in the First Group of 20 (G20)  Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency.  India joined the G20 Troika, a three-member country committee chaired by the current G20 summit presidency (Saudi Arabia), the 2021 presidency of Italy …

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World Trade Organization (WTO)

Context: Nigeria’s Ngozi Okonjo-Iweala was appointed as the first female and first African head of the World Trade Organization (WTO). Analysis Structure of  World Trade Organization (WTO) The WTO has 164 members, accounting for 98% of world trade. Decisions are made by the entire membership. This is typically by consensus. The WTO’s agreements have to …

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