Google in trouble over alleged unfair revenue sharing; CCI orders third probe Subject :Economy Context: The Competition Commission has ordered another detailed probe against Google for alleged unfair revenue sharing terms with respect to news content. Details: The News Broadcasters & Digital Association has alleged that its members are forced to provide their […]

    BH series registration Subject :Economy Context: Road ministry proposes amendments in rules for the BH series registration mark. Details: It would increase the scope of implementation of the BH series vehicle registrations. It would permit transfer of vehicles with BH series registration mark to other persons, who are eligible or ineligible for getting the […]

    Policy trilemma Subject: Economy Context: The trilemma has come under focus recently as the U.S. Federal Reserve has been raising interest rates to fight rising prices. In a world where capital is largely free to move across borders, this has led many investors to pull money out of the rest of the world […]

    Paris Club Subject: Economy Context: The Paris Club has formally approached India and China to seek the cooperation of the two governments in restructuring Sri Lanka’s foreign debt. Details: Japan, China and India are Sri Lanka’s biggest creditors, accounting for around $10 billion of Colombo’s nearly $51 billion in foreign borrowings. So far, […]

    Central Bank Intervention Subject: Economy Context: Global foreign-currency reserves are falling at the fastest pace on record as central banks from India to the Czech Republic intervene to support their depreciating currencies. Causes: Valuation changes– as the dollar appreciated two-decade highs against other reserve currencies, like the euro and yen, it reduced the […]