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Why in the News ? Trump’s high tariffs on Chinese imports are being compared to major past US policy shifts—the Nixon Shock and Volcker Shock—for their transformative impact on the global economy, trade balances, and monetary system, reigniting debates on protectionism and global trade. The Nixon Shock (1971): Collapse of Bretton Woods Post-WWII era (1949–1969) …
Read MoreWhy in the News ? The Indian government has scrapped the equalisation levy on digital ads, easing taxation on global tech firms like Google and Meta. The move aligns with U.S. trade negotiations, amid pressure to reduce tariffs before the April 2 deadline. Equalisation Levy and Its Impact: Introduced in 2016, the equalisation levy imposed …
Read MoreWhy in the News ? The Ministry of Electronics and IT (MeitY) submitted a status report to the Delhi High Court, highlighting concerns over deepfakes, AI-generated scams, and liability frameworks. The report stresses mandatory AI content disclosure and stricter enforcement against malicious actors. Concerns on Deepfake Regulation The Ministry of Electronics and IT (MeitY) submitted …
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