CCI approves acquisition of Metso Oyj’s minerals business

CCI approves acquisition of Metso Oyj’s minerals business

The Competition Commission of India (CCI) has approved the acquisition of Metso Oyj’s (Metso) minerals business by Outotec Oyj (Outotec) under Section 31(1) of the Competition Act, 2002. The Proposed Combination relates to acquisition of Metso’s minerals business (“Metso Minerals”) by Outotec. Daily Current Affairs Quiz 2020 Key-Points The proposed combination will be achieved by […]

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Power Ministry to ask PGCIL to set up central transmission utility

Power Ministry to ask PGCIL to set up central transmission utility

The power ministry has asked state-owned Power Grid Corporation to set up a central transmission utility with separate accounting and board structure. PGCIL is engaged in power transmission business with the responsibility of planning, implementation, operation and maintenance of Inter-State Transmission System. Daily Current Affairs Quiz 2020 Key-Points PGCIL is engaged in power transmission business

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United States mulling over restoring GSP status for India

United States mulling over restoring GSP status for India

United States is mulling over restoring India’s beneficiary status under its trade preference programme Generalised System of Preferences (GSP) on receiving a counterbalancing proposal from New Delhi. Daily Current Affairs Quiz 2020 US Trade Representative Robert Lighthizer reported US were in negotiations with India and took away the Generalized System of Preferences (GSP) status of

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Trump signs into law bill to punish China over crackdown on Uyghur Muslims

Trump signs into law bill to punish China over crackdown on Uyghur Muslims

US President Donald Trump has signed into law a legislation that condemns the gross human rights violations of Uyghur minority groups in China’s restive Muslim-majority. Daily Current Affairs Quiz 2020 Key-Points The Uyghur Human Rights Policy Act, 2020 holds accountable the perpetrators of human rights violations and abuses such as the systematic use of indoctrination

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