Organization Of The Petroleum Exporting Countries (OPEC+) Plus: The United Arab Emirates (UAE) pushed back against a plan by the Organization of the Petroleum Exporting Countries (OPEC+) Plus group to extend the global pact to cut oil production beyond April 2022. The Output Pact & Fluctuating Oil Price: The OPEC+ group of countries had, in […]
Category: International Relationship Current Affairs
Organisation For Economic Co-operation And Development (OECD) And G20
Organisation For Economic Co-operation And Development (OECD) And G20: India has joined the Organisation for Economic Co-operation and Development (OECD) and G20 Inclusive Framework tax deal of global corporate tax. Majority of the members OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting(including India)adopted a high-level statement containing an outline of a consensus solution to […]
G20 Foreign Ministers Meeting
G20 Foreign Ministers Meeting: Italy hosted the G-20 foreign ministers’ meeting to discuss the fight against Covid-19 and how to speed up the recovery of the global economy and boost sustainable development in Africa. Currently, Italy holds the presidency of G-20. The G-20 summit is scheduled to be held in Italy in October, 2021. India […]
Hardliner Ebrahim Raisi : Iran’s President
Hardliner Ebrahim Raisi : Iran’s President: Hardliner Ebrahim Raisi became Iran’s president. He succeeded Hassan Rouhani. Iran’s 13th presidential elections were recently held. As per rules, the president should be a Shiite Muslim. Over 90 per cent of Iran’s population is comprised of Shiite Muslims. Raisi first came to prominence when he became the Prosecutor […]
Tax Inspectors Without Borders (TIWB) Programme : Bhutan
Tax Inspectors Without Borders (TIWB) programme: Bhutan’s Tax Inspectors Without Borders (TIWB) programme launched in partnership with India. This programme is expected to be of about 24 months’ duration. The focus of the programme will be in the area of International Taxation and Transfer Pricing. Through this India in collaboration with the UNDP and the […]
Juneteenth to Become a National Holiday in USA
Juneteenth: National Holiday: US President Joe Biden is soon expected to sign a law making June 19, or “Juneteenth”, a national holiday recognised by the federal government, commemorating the end of slavery after the American Civil War (1861-65). Juneteenth is the portmanteau of June and nineteenth and is recognised as a state holiday in 47 […]
Naftali Bennett : Prime Minister of Israel.
Naftali Bennett:Prime Minister of Israel.: Naftali Bennett was sworn-in as the new Prime Minister of Israel. The former defense minister and high-tech millionaire, Bennett, a 49-year-old leader of the right-wing Yamina party, took oath of office after the Israeli parliament Knesset elected him as the 13th Prime Minister by a 60-59 vote in the 120-member […]
G7 Meet 2021
G7 Meet: The leaders of seven nations — the U.S., Germany, the U.K., France, Canada, Japan and Italy — met in Cornwall in south-west England, marking the 47th edition of the “Group of seven” summit. India is a “natural ally” to work with the world’s richest G7 countries to fight against threats of authoritarianism, said […]
What is Northern Ireland Protocol?
Northern Ireland Protocol: Britain and the EU are locked in an escalating diplomatic feud over Northern Ireland, the only part of the U.K. that borders the 27-nation bloc. The EU says Britain must fully implement the agreement, known as the Northern Ireland Protocol, that the two sides agreed and ratified. It came into force on […]
What is EAGLE Act of 2021? USA
EAGLE Act of 2021: Democrat Representative Zoe Lofgren and Republican John Curtis introduced the Equal Access to Green cards for Legal Employment (EAGLE) Act of 2021 in the House of Representatives. The bipartisan act seeks to phase out the seven percent per-country limit on employment-based immigrant visas and raises the per-country limit on family-sponsored visas […]
