Current Affairs – February, 2020

What is Adjusted Gross Revenue?

There was a tussle between the Telecommunication industries and the GoI over the license fee settlement. The Union Budget waived penalty for those who paid their interest charges over the disputed tax liabilities before March 2020. The case over the license fee settlement was pronounced in favour of the GoI recently. Following this, several companies Read More…

India attends 3rd Global Conference on Road Safety held in collaboration with WHO, World Bank

On February 17, 2020, the Minister of Road Transport and Highways Nitin Gadkari represented India at the 3rd global Conference on Road Safety. The Conference aimed at achieving Global Goals 2030. It was held in Stockholm, Sweden. Highlights The conference was held in collaboration with WHO and World Bank. The conference aims at renewing the Read More…

GoI: 5th Meeting of Task Force of Active Pharmaceuticals Ingredients discuss Corona Virus

On February 18, 2020, the Ministry of Shipping and Chemical Fertilizers held the fifth meeting of Task Force. The Task Force discussed small, medium and large API units. Highlights The Ministry discussed on the availability of medicines and drugs to control the impacts of Corona Virus. The Task Force also discussed and ensured that there Read More…

Pradhan Mantri Fasal Bima Yojana: 4th National Conference held in Udaipur

On February 17, 2020, the fourth National Conference of Pradhan Mantri Fasal Bima yojana was held in Udaipur, Rajasthan. The Conference was organized by Ministry of Agriculture and Farmers Welfare. Highlights The Conference was attended by more than 140 members. It included members from NABARD (National Bank of Agriculture and Rural Development), RBI (Reserve Bank Read More…

US removed “Developing” Tag for India: What are its implications?

Recently, the United States of America removed the “developing” tag for dozens of countries. India is one amongst them. These countries are to be classified as developed economies Highlights The “Developing” status for a country in the US is associated with US Trade Act, 1974. The act authorized General System of Preferences (GSP). The intention Read More…