IntroductionOn July 24, 2025, India and the United Kingdom signed the Comprehensive Economic and Trade Agreement (CETA), marking a historic milestone in bilateral relations. This free trade agreement (FTA) is one of India’s most ambitious and wide-ranging deals with a developed economy, covering goods, services, investment, digital trade, and labor mobility. It reflects a strategic pivot in India’s global trade posture and the UK’s post-Brexit economic outreach. Key Features of the AgreementAspectIndia’s GainsUK’s Gains Tariff Reductions 99% of exports have duty-free access to the UK 90% of ta
The India-EFTA Trade and Economic Partnership Agreement (TEPA) is a landmark free trade agreement signed between India and the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland, and Liechtenstein. After nearly 16 years of negotiations, the agreement is set to take effect on October 1, 2025, following Switzerland’s final ratification. What Is EFTA?EFTA is a regional trade organization of four European countries that are not part of the European Union.Members: Switzerland, Norway, Iceland, LiechtensteinPurpose: Promote free trade and economic integration among membe
Venue and Context The 51st G7 Summit held from June 15 to 17, 2025, in Kananaskis, Alberta, Canada, marked a pivotal moment in global diplomacy. Hosted by Canadian Prime Minister Mark Carney, the summit brought together leaders from the G7 nations—Canada, France, Germany, Italy, Japan, the UK, and the US—alongside the European Union and invited outreach countries including India, Brazil, Australia, South Africa, South Korea, Mexico, and Ukraine. Summit Themes and ObjectivesThe summit revolved around three core themes: Protecting communities and the planetAccelerating digital transfo
OverviewThe 81st IATA AGM and World Air Transport Summit (WATS) took place from June 1 to 3, 2025, at the Bharat Mandapam, New Delhi, India. This marked the third time India hosted the AGM, with previous events held in 1958 and 1983. The summit brought together over 1,700 global aviation leaders, including airline CEOs, government officials, and industry experts. India’s Role and VisionPM Narendra Modi’s AddressPrime Minister Modi inaugurated the event and emphasized: India’s emergence as the third-largest domestic aviation marketSuccess of the UDAN scheme, enabling 15 million passengers to ac
Introduction: What is the Gig Economy?The gig economy refers to a labor market characterized by short-term contracts or freelance work as opposed to permanent jobs. Workers in this economy are often referred to as gig workers, and they typically engage in: FreelancingOn-demand services (e.g., ride-hailing, food delivery)Part-time or project-based workPlatform-based employment (via apps or websites)India’s gig economy is rapidly evolving, driven by digital platforms, changing work preferences, and economic shifts. Gig Workforce in India: Key StatisticsMetricData Point (Approx.) Total gig worker
The 17th BRICS Summit 2025, held in Rio de Janeiro, Brazil, from 6 to 7 July 2025, marked a pivotal moment in the evolution of global governance. With 11 full member nations and a growing list of partner countries, BRICS has emerged as a formidable bloc advocating for a multipolar world order, inclusive development, and reform of international institutions. 17th BRICS Summit 2025 OverviewHost Country: BrazilChairperson: President Luiz Inácio Lula da SilvaTheme: “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”New Member Inducted: IndonesiaTotal Members
Maharatna Scheme The Government introduced the Maharatna scheme in December 2009 with the objective to delegate enhanced powers to the Boards of identified large-sized Navratna CPSEs to facilitate further expansion of their operations, both in domestic as well as global markets. The Maharatna CPSEs in addition to having Navratna powers, have been delegated additional powers in the area of joint ventures/ subsidiaries and human resources development. The Maharatna CPSEs (accordingly can invest Rs. 5000 crores in one project (Rs. 1,000 crores for Navartna CPSEs) and create below Board level post
What is the G20 Summit?The participants are leaders from 19 countries and the Europian Union (EU). The 19 countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Republic of South Africa, Russia, Saudi Arabia, Turkey, United Kingdom, United States of America. In addition, leaders of invited guest countries and representatives of invited guest international organizations participate in the summit along with leaders from the G20 members. The G20 Summit is formally known as the “Summit on Financial Markets and the Worl
Prime Minister Shri Narendra Modi on August 2nd launched the digital payment solution e-RUPI, a cashless and contactless instrument for digital payment. Prime Minister said that the eRUPI voucher is going to play a huge role in making Direct Benefit Transfer (DBT) more effective in digital transactions in the country and will give a new dimension to digital governance. He said e-RUPI is a symbol of how India is progressing by connecting people’s lives with technology. What is e-RUPI and how it works?e-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an
The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 1881. Subsequently, Punjab National Bank was established in 1894. Rao Bahadur T.M. (Thalakodi Madathil) Appu Nedungadi, who was famous as the first Malayalam novelist, established Nedungadi Bank in 1899 at Calicut in Kerala. It was the first private sector commercial bank set up in South India. Swadeshi movement, which began in 1906, encouraged the formation of a number of commercial banks. The banking crisis during 1913-1917 and the failure of 588 banks in various parts of the country during the decade
Interior design is a fun and creative field. It mixes art and practicality to make spaces look good and work well. With more people wanting great places to live and work, the need for skilled interior designers is rising. Let’s look at what it takes to have a career in interior design, including nee →
Foundation Date: December 8, 1991 Headquarters: The Republic of Belarus Executive Secretaries: Sergei Lebedev Member Countries: 12 Commonwealth of Independent States (CIS) was established on December 8, 1991, and the leaders of the Republic of Belarus, the Russian Federation, and Ukraine signed an a →
In 2009, an unknown programmer by the name of Satoshi Nakamoto put forward a whitepaper that proposed a creation of new form of digital currency - cryptocurrency. Cryptocurrency functions the same way as regular currencies do in that its used as a means of exchange, unit of account and a store of va →
Headquarter: New Delhi Function and Objective of the Organization: The Food Safety and Standards Authority of India (FSSAI)has been established under Food Safety and Standards Act, 2006 which consolidates various acts & orders that have hitherto handled food-related issues in various Ministries →
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