Which Ministry Recommends Anti-Dumping Duty On Optical Fibre Imported From China, Korea, Indonesia?

Daily Current Affairs

Ministry of External Affairs

Ministry of Corporate Affairs

Ministry of Commerce and Industry

Ministry of Science and Technology

Correct Answer : Ministry of Commerce and Industry

The commerce ministry's arm DGTR has recommended imposition of anti-dumping duty on imports of a certain type of optical fibres from China, Korea and Indonesia to protect the domestic industry from cheap inbound shipments.

* The Directorate General of Trade Remedies (DGTR) has recommended the duty after conducting an investigation on the dumped imports of 'Dispersion Unshifted Single-mode Optical Fiber' from these countries.

* The product is mainly applied to high-data rate, long distance and access network transportation.

* Birla Furukawa Fibre Optics Pvt. Ltd, on behalf of the domestic industry, has asked for initiation of an anti-dumping investigation on this product coming from these countries.

* The applicant had alleged that material injury is being caused to the domestic industry due to the dumped imports and has requested for the imposition of the duties.

* The directorate in its findings has concluded that the domestic industry has suffered material injury due to the dumped imports.

* The presence of dumped imports in the Indian market forced the applicant to sell the product at prices below its cost of sales, thereby incurred losses and adversely affected the profitability parameters of the domestic industry, DGTR has said in a notification.

* The recommended duty was in the range of USD 122 per KFKM and USD 857.23 per KFKM.

* The trading of this commodity occurs in FKM (fibre kilometre). 1 KFKM = 1,000 FKM..

Source : Outlook India

Published On : May 12, 2023

Recently Updated Current Affairs

Q .

Who has made the record of climbing the world's highest peak Mount Everest the most number of times?

Lhakpa Sherpa

Kami Rita Sherpa

Pasang Dawa Sherpa

None of the above

Correct Answer : Option (B) - Kami Rita Sherpa

Kami Rita Sherpa has created history by climbing the world's highest peak, Mount Everest, for the 29th time.

Kami Rita has become the mountaineer who has conquered Mount Everest the most number of times. He first conquered the world's highest peak in 1994.

The Nepal government has issued around 400 mountaineering permits to climbers for the spring season this year, which runs from April to June.

Published On : May 14, 2024

Q .

Chabahar Port, which was in the news recently, is located in which country?

Iran

UAE

Qatar

Pakistan

Correct Answer : Option (A) - Iran

India and Iran have signed a 10-year bilateral contract aimed at enhancing the operations of Chabahar Port.

This decision underlines India's strategic interests in Central Asia and parts of Europe. Chabahar Port is a port in Chabahar, located in southeastern Iran, on the Gulf of Oman.

Published On : May 14, 2024

Q .

In which country is the World Hydrogen Summit 2024 being organized?

China

USA

Netherlands

South Korea

Correct Answer : Option (C) - Netherlands

Rotterdam (Netherlands), 14 May 2024 (IANS) India has set up one of the largest pavilions at the World Hydrogen Summit 2024, being held here, to showcase the country’s progress in the field of Green Hydrogen.

The India Pavilion, set up by the Ministry of New & Renewable Energy is at the Summit and has been inaugurated by Secretary, Ministry of New and Renewable Energy, Bhupinder S. Bhalla on May 12.

The World Hydrogen Summit, being held in Rotterdam in Netherlands from May 13 to 15, is a prestigious event in the global green hydrogen ecosystem. Around 15,000 delegates from around the world are attending the Summit.

The Indian delegation headed by Bhalla also comprises officials from the Department of Science and Technology, Ministry of Railways, Ministry of Petroleum and Natural Gas and from private sector companies as well.

In addition to various government-government interactions, the summit provides a platform for Indian industry to engage with companies from around the globe.

Published On : May 14, 2024