CURRENT AFFAIRS

Project Nexus is a multilateral initiative conceptualized by the Bank for International Settlements (BIS) to facilitate instant cross-border retail payments by interlinking domestic Instant Payment Systems (IPS). 

The European Space Agency (ESA) is set to launch its ambitious Biomass mission later this month, on April 29, 2025.

The Rights and Resources Initiative has presented an overview of carbon rights in a report titled ‘Carbon Rights of Indigenous Peoples, Peoples of African Descent and Local Communities in Tropical and Subtropical Lands and Forests’.

The global tax landscape is undergoing a significant transformation with the emergence of the UN Global Tax Treaty, a proposed multilateral convention under the United Nations aimed at reforming international tax rules. 

Digital Public Infrastructure (DPI) is defined as a set of shared digital systems that facilitate the delivery of public and private services to citizens at societal scale. 

A windfall tax is a one-time tax levied by governments on companies or industries that earn unexpectedly large profits due to circumstances beyond their control. 

In today’s globalized economy, individuals and companies often earn income across borders. 

Prime Minister Narendra Modi paid tribute to Shri Harichand Thakur on his birth anniversary.

The Defence Research and Development Organisation (DRDO) successfully test fired Long Range Glide Bomb (LRGB) ‘Gaurav’ from Sukhoi-30 MKI fighter aircraft.

An Advance Pricing Agreement (APA) is a formal and binding agreement between a taxpayer and a tax authority, which determines the transfer pricing methodology to be applied to certain international transactions for a fixed period in the future.