The European Union (EU) has joined the United States and the United Kingdom in banning imports of Russian diesel and other refined oil products.
Price cap:
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Significance of European Union and G7 Countries:
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Impact on diesel prices:
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Demand-supply mismatches:
Impact on India:
China’s move:
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What would be the impact of the diesel price cap?
Major Oil reserves around the world:
India, France and the United Arab Emirates declared their common intent to formalise a “Trilateral Cooperative initiative” to collaborate on nuclear energy and explore opportunities in the Indian Ocean region.
A range of trilateral events will be held in the backdrop of the Indian Presidency of the G20 here and COP28 to be held in UAE in November-December 2023. |
India-UAE relations:
Significance of UAE:
India’s Extended Neighbourhood:
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India-France relations:
Significance:
Amid the rejection of four states on new pension system, there are discussions about a new model, which has been proposed by the YSR Jagan Mohan Reddy in Andhra Pradesh named as Guaranteed Pension scheme (GPS).
How does the Pension system work in India?
Old pension Scheme (OPS): |
New Pension Scheme |
The OPS is an assured inflation-indexed monthly family pension till you (and your spouse) live(s). The OPS level is Linked to the last pay pensioner drew. |
The NPS is a retirement saving scheme to secure the life of an individual financially after retirement. |
What are the issues associated with NPS?
According to a 2008 OECD study, the global financial crisis had wiped a total of $5 trillion off the value of private pension funds in rich countries compared to the start of the year 2022. |
Pakistan’s former President General Pervez Musharraf visited India at Agra Summit held in 2001 during the Atal Bihari Vajpayee government, was considered one of the most important meetings between Indian and Pakistani leaders in recent history.
What was the Four-point formula for Kashmir issue?
India’s response to the idea:
After South Africa, Indonesia, and Vietnam, India is considered the next candidate for a JET-Partnership. India’s G-20 presidency could potentially be an opportune moment to forge a deal.
Just Energy Transition Partnership (JET-P) is emerging as the key mechanism for multilateral financing by developed countries to support an energy transition in developing countries. |
Energy transitions and developing countries:
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India and energy transition:
India’s commitments:
Art and Culture World’s first living heritage university |
Visva-Bharati University is going to get the ‘heritage’ tag from UNESCO to take the distinction of world’s first living heritage university. About:
Significance:
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Art and Culture Veteran singer Vani Jairam died |
Veteran playback singer Vani Jairam, who sang over 10,000 songs across several Indian languages, died at 77. About:
Awards and Achievements:
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Science and Technology North star and significance |
The Vice President and Rajya Sabha Chairman Jagdeep Dhankhar during the Parliament’s sitting stated that Parliament is the “north star” of democracy. About North Star:
Does the Northern Star “change”?
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Environment Great Indian Bustard |
Despite a Supreme Court order directing that low-voltage power lines go underground, no significant steps has been taken by power companies and State governments to comply with guidelines to save Indian bustard, according to the report. About:
Protection Status:
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Context:
Concerns on tax move:
Policy without consideration:
Verifying, please be patient.