UPSC CURRENT AFFAIRS

The Bretton Woods Conference, officially known as the United Nations Monetary and Financial Conference, was held in July 1944 in Bretton Woods, New Hampshire, USA.

Derivatives are financial contracts whose value is derived from an underlying asset, such as stocks, commodities, currencies, or interest rates.​

A Credit Rating Agency (CRA) is an organization that provides an independent evaluation of the creditworthiness of an issuer of debt instruments (such as bonds, loans, etc.). 

Incorporated in 1992; commenced operations in 1994.

Constitution as a Non-Statutory Body: SEBI was constituted in 1988 through a Government of India resolution.​

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 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. 

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. 

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.