Nod for multi-role chopper by early 2024; Safran, HAL to set up firm in Bengaluru Subject : Science and technology Section: Defence Concept : the project sanction for the Indian Multi-Role Helicopter (IMRH), being developed by Hindustan Aeronautics (HAL), is expected within this financial year, defence sources said. Meanwhile, Safran Helicopter Engines and […]
New Panel to review ‘NSO data’ Subject : Economy Section: National Income Concept : The Ministry of Statistics is going to replace the existing Standing Committee on Economic Statistics (SCES) by a ‘Standing Committee on Statistics (SCoS)’ which has a broader mandate to review the framework and results of all surveys conducted under […]
EU may be offered tariff sops on some ICT products Subject: Economy Section: External Sector Context: The World Trade Organization’s Dispute Settlement Body (DSB), in a special session on Wednesday, will consider a joint request made by India and the EU for more time to sort out their dispute related to import tariffs […]
India to push G20 to raise taxes on MNCs making ‘excess profit’ Subject :Economy Section: Context: India will push its Group of 20 partners at a meeting it is hosting to support its proposal to raise the share of taxes multinational companies pay to countries where they earn “excess profits” Key Points: OECD […]
US sees India as an indispensable ally in friendshoring: Yellen Subject: Economy Section: External Sector Concept: Terming India the biggest trading partner, U.S. Treasury Secretary pitched for advancing an approach called “friendshoring” to bolster the resilience of supply chains. Friendshoring Friendshoring is a strategy where a country sources the raw materials, components and even manufactured […]