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Welcome to the Current Affairs Section.

Welcome to the Current Affairs Section of BSC Academy. Get Daily & Latest Current Affairs 2021 for government job exams, UPSC, IAS/PCS, Banking, IBPS, SBI, RBI, SSC, Railway, UPPSC, BPSC, MPPSC, MPSC, KPSC, TNPSC, RPSC, UKPSC, APPSC and other competitive exams.

Trending Current Affairs

Rohit Sharma new Test captain, Pujara and Rahane dropped for Sri Lanka series

Monday February 21, 2022

The long rope has ended for Cheteshwar Pujara and Ajinkya Rahane. It seemed like an eternity, but it had been coming

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Veteran Trinamool leader, Bengal minister Sadhan Pande dies at 71

Monday February 21, 2022

Veteran Trinamool Congress leader and senior West Bengal minister

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Eichmann prosecutor, Israeli justice Gabriel Bach dies at 94

Monday February 21, 2022

Gabriel Bach, a prosecutor in the 1961 trial of notorious Nazi Adolf Eichmann who went on to

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UN court hearings set to resume into Rohingya genocide case

Monday February 21, 2022

An international case accusing Myanmar of genocide against the Rohingya ethnic minority returns to the United Nations’

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MHA to 'scrupulously' carry out background check of newly appointed Air India CEO Ilker Ayci

Sunday February 20, 2022

The Ministry of Home Affairs (MHA) will "scrupulously" carry out a thorough background check of newly appointed

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Indian embassy in Kyiv advises its citizens to leave if their stay is not essential

Sunday February 20, 2022

Indian embassy in Kyiv has advised

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Railways to develop art gallery as an added attraction for tourists visiting Statue of Unity in Gujarat

Sunday February 20, 2022

Encouraged by the growing footfalls of domestic

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India-UAE trade pact may benefit USD 26 billion worth of domestic goods subjected to 5 per cent duty

Sunday February 20, 2022

The comprehensive free trade agreement between India and the UAE is likely to benefit about USD 26 billion worth of domestic

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India-UAE trade pact may benefit USD 26 billion worth of domestic goods subjected to 5 per cent duty

The comprehensive free trade agreement between India and the UAE is likely to benefit about USD 26 billion worth of domestic products like gems and jewellery that are currently subjected to 5 per cent import duty by the Gulf nation .

Labour-intensive industries such as textiles, leather, footwear, sports goods, plastics, furniture, agricultural and wood products, engineering, pharmaceuticals and medical devices, and automobiles would gain substantially from the pact.

The services sector segments which would get a significant boost from the pact include computer-related services, audio-visual, education, health, tourism, travel, nursing, engineering, and accountancy.

India and the UAE on February 18 signed the comprehensive economic partnership agreement (CEPA) with a view to boosting bilateral trade in goods to USD 100 billion over a five-year period and creation of lakhs of jobs.

The UAE is already India's second-largest export destination with exports valued at approximately USD 29 billion in 2019-20, CEPA with UAE is likely to benefit about USD 26 billion worth of Indian products that are subjected to 5 per cent import duty by the UAE .

As per estimates, exports of plain gold and gold-studded jewellery would increase to USD 10 billion in 2023 and tariff concessions offered to the UAE by India in products like gold will reduce the import cost of inputs.

An additional increase in textiles exports is projected at USD 2 billion over the next five years.

Under the agreement, the UAE is offering overall duty elimination on over 97 per cent of its tariff lines (or products) corresponding to 99 per cent of India's exports in value terms.

Besides, there is a separate exclusion list for some products to protect the domestic industry. Goods in that list would remain out of the ambit of the pact.

Tariffs Rate Quotas (TRQs) offered by India to the UAE on certain items of its export interest will be only reviewed after 10 years.

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