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
