Cairn Energy-Govt dispute Subject: Economy Context: The Cairn officials met govt officials to discuss the way forward with respect to the $1.2 billion (roughly Rs 8,000 crore) arbitration award by the Permanent Court of Arbitration (PCA) at The Hague in December 2020. Concept: The court had ruled that the Indian government’s retrospective tax […]
Inflation and Rising oil prices Subject: Economy Context: At an event organized by the International Energy Agency (IEA) the Petroleum minister criticized major oil producing countries for cutting oil production which has led to inflation. Concept: India currently imports 85% of its oil needs. With the rise in crude oil price its import […]
Crude oil pricing Subject: Economy Context: With international crude oil prices rising by 70% since November with Brent hitting 63.8 dollar a barrel the petrol price in India in some states has reached as high as Rs100 per liter. Concept: Increase will not benefit the Centre much because the excise duty on petrol […]
PLI scheme for telecom Subject: Economy Context: The cabinet approved a production-linked incentive (PLI) scheme worth Rs 12,195 crore for telecom equipment manufacturing Concept: The Cabinet today has approved the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products. This was done after encouraging success of PLI related to Mobile and component […]