What was the reduced export tax rate on parboiled rice before its complete elimination?

10%

15%

20%

Correct Answer : 10%

The Indian government initially reduced the export tax on parboiled rice from 20% to 10% before revoking it entirely to boost exports.

This reduction aimed to enhance India's competitiveness in the global market, particularly against major rice-exporting countries like Pakistan, Thailand, and Vietnam.

By eliminating the tax, India seeks to capitalize on surging inventories and a predicted bumper crop, increasing rice shipments and strengthening its position in the international rice trade.

This move reflects the government's efforts to promote economic growth and support the agricultural sector.

Published On : October 24, 2024

Recently Updated Current Affairs

Q .

Which state/UT had the highest percentage of women electors in the 2024 Lok Sabha Elections?

Kerala

Tamil Nadu

Puducherry

Andhra Pradesh

Correct Answer : Option (C) - Puducherry

* Puducherry led the nation with 53.03% women electors in the 2024 Lok Sabha Elections, making it the state/UT with the highest percentage of women electors.

* This significant milestone highlights the territory's efforts towards promoting inclusivity and gender equality in the electoral process.

* The achievement is particularly notable, considering the overall increase in female electors and their participation in the elections.

Published On : December 31, 2024

Q .

Which country's parliament impeached Acting President Han Duck-soo on December 27, 2024?

Laos

Japan

Thailand

South Korea

Correct Answer : Option (D) - South Korea

* South Korea's parliament impeached Acting President Han Duck-soo on December 27, 2024, amid growing dissatisfaction over his refusal to appoint three judges to the Constitutional Court.

* This event followed the impeachment of President Yoon Suk Yeol on December 14, 2024, after he briefly imposed martial law.

* The impeachment of Han marked a historic moment as it was the first time an acting president in South Korea was impeached.

* The political crisis significantly impacted the country, contributing to economic instability, with the Korean won reaching its lowest value in nearly 16 years.

Published On : December 31, 2024

Q .

Where is the Kagyed Dance Festival, a significant Buddhist celebration, prominently held?

Ladakh

Sikkim

Himachal Pradesh

Arunachal Pradesh

Correct Answer : Option (B) - Sikkim

* The Kagyed Dance Festival is a major Buddhist celebration in Sikkim, held annually at Tsuklakhang Palace in Gangtok.

* Featuring traditional Cham dances performed by masked monks, the festival symbolizes the destruction of evil forces and the welcoming of peace and prosperity.

* Rooted in Tibetan Buddhism, it attracts locals and tourists alike, showcasing Sikkim's rich cultural and spiritual heritage.