Watch News Today
Also in News
Posted 07 Mar 2024
Updated 25 Mar 2024
9 min read
Competition Commission of India (CCI) Regulations, 2024
- CCI notified three regulations dealing with Global turnover, Commitment and Settlement under the Competition (Amendment) Act 2023.
- Key highlights of new regulations
- Penalties would now be levied based on ‘global turnover’.
- Need for this arose from abuse of dominant position by enterprises.
- Commitment and Settlement aim to resolve competition law concerns efficiently and without the need for a lengthy legal process.
- Commitment refers to process where a company under investigation offers to change its business practices to address concerns raised.
- Settlement typically involves a negotiated agreement for reduced fines.
- Penalties would now be levied based on ‘global turnover’.
- Tags :
- CCI
- Global Turnover
- Settlement
Blue Line
- US envoy to Lebanon emphasised situation along the blue line has to change to guarantee peace and security.
- About Blue line
- Israel and Lebanon have no official border separating them, except the Blue Line.
- It was set by the United Nations in 2000. It is made of blue barrels and runs from the Mediterranean to the Golan Heights to the east.
- Its purpose was to confirm the withdrawal of Israeli forces from the south of Lebanon.
- Note: Blue Line is also a learning ecosystem created by the UN System Staff College.
- Tags :
- Israel-Lebanon Border
- Blue Line
Global Counter-Terrorism Forum (GCTF)
- At 20th meet of US-India Counterterrorism Joint Working Group, US and India reaffirmed commitment to cooperation in GCTF for shared security interests within Indo-Pacific.
- About GCTF
- Launched in 2011, it is an informal, apolitical, multilateral counterterrorism platform.
- Mission: To diminish terrorist recruitment and increase countries’ civilian capabilities for dealing with terrorist threats within their borders and regions.
- Members: Currently it has 32 members, including India which is its founding members.
- Currently, it is being co-chaired by Egypt and the European Union.
- Tags :
- Economy
- GCTF
- US-INDIA-GCTF
Pine (Pinus)
- CSIR-Indian Institute of Petroleum has signed a MoU with Uttarakhand State Council for Science and Technology to deploy the technology of making fuel from Pine Needles (pointed leaves of a pine tree).
- Technology involves, Briquetting, process of converting biomass residues into a fuel.
- Briquetting uses compaction methods for densification of waste materials and converts them into fuel.
- Technology involves, Briquetting, process of converting biomass residues into a fuel.
- About Pine Tree
- It is an evergreen conifer (they produce cones that encase reproduction seeds).
- Native to northern temperate regions (Can be found throughout the world)
- Shed their older needles in the fall.
- Tags :
- Pine (Pinus)
- Briquetting
Benzene (C6H6)
- It has been found that certain cosmetic product contain harmful chemicals like Benzene.
- About Benzene
- It is a colourless or light yellow liquid at room temperature.
- It has a sweet odor and is highly flammable.
- It is a highly volatile compound and is a natural component of gasoline and tobacco smoke.
- It is soluble in water, and thus can contaminate surface waters and soil.
- Applications: Shoemaking, painting, printing and rubber manufacturing.
- Health impacts include headache, tremors, including cancer and haematological effects.
- Tags :
- Benzene (C6H6)
- COSMETICS AND BENZENE
INS Jatayu
- Naval Detachment Minicoy has been commissioned in Indian Navy as INS Jatayu.
- Minicoy is southernmost island of Lakshadweep.
- About INS Jatayu
- India's second naval base in Lakshadweep after INS Dweeprakshak in Kavaratti.
- Significance: Facilitate Indian Navy’s operational effort towards Anti-Piracy and Anti-Narcotics Operations in Western Arabian Sea
- It will also augment Indian Navy’s capability as the first responder in the India Ocean region and augment connectivity with the mainland.
- Tags :
- INS Jatayu
- Anti-piracy
- INS Dweeprakshak
Biosimilars
- Recently, Sandoz Received FDA approval for first and only denosumab biosimilars.
- Denosumab can address primary and secondary bone loss, such as osteoporosis.
- About Biosimilars:
- It is a medicine that is very close in structure and function to a biologic medicine (also called the reference product).
- It has the same treatment risks and benefits as that of biologic medicine.
- Advantage: Increased access to lifesaving medications at potentially lower costs.
- Biosimilars are more complex to manufacture than small-molecule generic medicine.
- Tags :
- Biosimilars
- Sandoz
- Denosumab
Sangeet Natak Academy (SNA) Awards
- President of India conferred SNA Fellowships and Awards for the years 2022 and 2023.
- About SNA Awards
- Akademi awards are being conferred since 1952.
- Symbolizes highest achievement in music, dance and drama.
- Awards in Hindustani and Carnatic music were instituted in 1951, even before SNA was set up and these were known as Presidential Awards.
- Honour of Akademi Fellow carries purse money of ₹3 Lakh while Akademi Award carries purse money of ₹1 lakh, besides a Tamrapatra and Angavastram.
- SNA, setup in 1953, is the apex body in the field of performing arts for the preservation and promotion India’s intangible cultural heritage.
- Tags :
- Sangeet Natak Academy
- Akademi Award
- SNA Awards
Personality In News
Govind Ballabh Pant (1887 – 1961)
- Govind Ballabh Pant’s death anniversary has been commemorated on 7th March.
- He was a freedom fighter and served as 1st Chief Minister of Uttar Pradesh.
- Key contributions
- Participated in movements like Civil- disobedience, Quit India, etc.
- Represented Ramprasad Bismill, Ashfaqulla Khan and other revolutionaries involved in the Kakori case (1925).
- As a Union Home Minister, played key role in
- Reorganisation of States along linguistic lines.
- Establishment of Hindi as an official language of the Union government and a few states.
- Awards: Bharat Ratna (1957).
- Values: Compassion, leadership, etc.
- Tags :
- Govind Ballabh Pant
Watch News Today
Watch Today's News
News Today (Mar 07, 2024)