Friday, May 5, 2023

DAILY GK 1 APRIL

DAILY GK 1 APRIL

1.       HIMACHAL PRADESH’S KANGRA TEA GETS EUROPEAN GI TAG

·         Himachal Pradesh’s Kangra Tea got a European Union(EU) Geographical Indication Tag (GI Tag). This will offer an opportunity for the Kangra tea to enter the European Market.

·         Kangra tea is a type of tea that is grown in the Himachal Pradesh region of India.

·         The Kangra tea received the Indian GI tag in 2005.

·         Geographical indications (GIs) are Intellectual Property (IP) Rights(IPR) is primarily an agricultural, natural or manufactured product (handicraft and industrial goods) originating from a definite geographical territory.

·         European GI tag protects agricultural products and foodstuffs; spirit drinks; wines; and aromatised wines.

·         Once a product gets a GI tag, any person or company cannot sell a similar item under that name.

 

2.       LOK SABHA AMENDS COMPETITION ACT 2002

·         Lok Sabha, the lower house of Parliament, approved the amendments of the Competition Act, 2002, that seek to cover global deals by digital multinational companies (MNCs) under local laws.

·         The Competition Commission of India (CCI) will now have the power to impose penalties on MNCs for violations based on their international revenue.

·         The Competition (Amendment) Bill, 2022 aims to regulate transactions made by international digital companies, provided that the entities involved have a strong business presence in India.

·         According to the bill, entities are expected to seek approval from the Competition Commission if the deal value exceeds Rs 2000 crore and if both companies (acquiring and the target) have substantial business operations in India.

·         Competition Commission of India (CCI):Acting Chairperson- Sangeeta Verma

·         Establishment- 14th October 2003 (Operational from 2009)

 

3.       EU REMOVES PAKISTAN FROM LIST OF HIGH-RISK THIRD-COUNTRY JURISDICTIONS

·         The European Commission of the European Union(EU) has removed Pakistan from its list of High-Risk Third-Country Jurisdictions, this move is expected to improve the conditions of business activities in Pakistan.

·         Following the deletion, Pakistan will no longer be subjected to enhanced EU scrutiny which includes credit and financial institutions, auditors, external accountants, tax advisers, notaries and independent legal professionals, among others.

·         The Democratic Republic of the Congo, Gibraltar, Mozambique, Tanzania and the United Arab Emirates, were added to the list while Pakistan along with Nicaragua and Zimbabwe were delisted.

·         According to the EU, The high-risk third countries list includes countries that do not have a robust enough regulatory and legal system to prevent financial crimes and terrorism.

·         The European Union is an international economic and political alliance of 27 member countries.

·         EU Headquarters – Brussels, Belgium

 

4.       WILDLIFE CONSERVATION AWARD

·         Aaliya Mir, a wildlife conservationist working for India-based charity Wildlife SOS, has been honoured with the Wildlife Conservation Award for 2023 by the administration of the Union Territory (UT) Jammu and Kashmir (J&K),

·         She becomes the first Woman from J&K to receive the Wildlife Conservation Award.

·         Wildlife SOS is a non-profit organisation based in India that focuses on rescuing and rehabilitating wildlife. It was founded in 1995.

 

5.       CROWN PRINCE OF ABU DHABI

·         Sheikh Mohammed bin Zayed Al Nahyan President of the United Arab Emirates (UAE) and the ruler of Abu Dhabi, appointed his eldest son Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as Crown Prince of Abu Dhabi (UAE),

·         President Sheikh Mohammed also appointed his brother Sheikh Mansour bin Zayed Al Nahyan as Vice President of the UAE.

·         UAE-Capital- Abu Dhabi

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