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2021-10-17 11:20:40 Cabinet approved the MoU between Competition Commission of India (CCI) and Administrative Council for Economic Defense of Brazil, (CADE)

Section 18 of the Competition Act, 2002 permits CCI to enter into any Memorandum or arrangement with any agency of any foreign country for the purpose of discharging its duties or performing its functions under the Act.

CCI has entered into the MoUs with the Federal Trade Commission and Department of Justice of USA, Director General Competition of European Union, Federal Antimonopoly Service of Russia, Australian Competition and Consumer Commission, Competition Bureau of Canada and BRICS Competition Authorities.


Competition Act, 2002

The Competition Act, 2002 was enacted by the Parliament of India and governs Indian competition law. It replaced the archaic The Monopolies and Restrictive Trade Practices Act, 1969. Under this legislation, the Competition Commission of India was established to prevent the activities that have an adverse effect on competition in India. This act extends to whole of India except Jammu and Kashmir.

It is a tool to implement and enforce competition policy and to prevent and punish anti-competitive business practices by firms and unnecessary Government interference in the market. Competition laws is equally applicable on written as well as oral agreement, arrangements between the enterprises or persons.

The Competition Act, 2002 was amended by the Competition (Amendment) Act, 2007 and again by the Competition (Amendment) Act, 2009.

Objectives of the Competition Act

The Act seeks to provide the legal framework and tools to ensure competition policies are met, to prevent anti-competition practices and provide for the penalisation of such acts. The Act protects free and fair competition which protects the freedom of trade.

The Act seeks to prevent monopolies and also to prevent unnecessary intervention by the government. The main objectives of the Competition Act, 2002 are:

to provide the framework for the establishment of the Competition Commission.
to prevent monopolies and to promote competition in the market.
to protect the freedom of trade for the participating individuals and entities in the market.
to protect the interest of the consumer. Open / Comment

2021-10-17 08:55:41 Quiz '01 October - 06 October'
30 questions · 30 sec Open / Comment

2021-10-17 08:31:15 1.Remission (N)-the cancellation of a debt, charge, or penalty. माफ़ी

2.Assassination (N)-murder of a public figure by surprise attack. हत्या

3.Clemency (N)-the act of forgiving or the state of being forgiven. राज्यक्षमा

4.Tenable (Adj)-able to be maintained or defended against attack or objection. तर्कसंगत

5.Ramifications (N)-a complex or unwelcome consequence of an action or event. प्रभाव

6.Incarceration (N)-the state of being kept in confinement. कैद

7.Humanitarian (Adj)-concerned with or seeking to promote human welfare. मानवतावादी

8.Hackles (N)-a feeling of anger and animosity.

9.Left No Stone Unturned (Phrase)-try every possible course of action in order to achieve something.

10.Whopping (Adj)-unusually large in size, extent, or degree.  

11.Constellation (N)-a group of associated or similar people or things.

12.Triumphed (V)-to win a great victory, or to have a great success.

13.Burnish (V)-To improve or make more impressive.

14.Ruffle A Few Feathers (Phrase)-to make someone feel worried or annoyed.

15. Disengagement: the action or process of withdrawing from involvement in an activity, situation, or group.

16. Moratorium : A moratorium is a delay or suspension of an activity or a law.

17. Armoured:  steel-plated, bulletproof, bombproof.

18. Patrolled: keep watch over (an area) by regularly walking or travelling around it.

19. Artillery: a military detachment or branch of the armed forces that uses large-calibre guns.

20. hard nut to crack(phrase) :A difficult problem.

21. stand-off (Noun) : a situation in which agreement in an argument does not seem possible.

22. predates : exist or occur at a date earlier than (something)

23. Condemnation(N):the expression of very strong disapproval; censure.तिरस्कार

24. Ostensibly(प्रकट रूप से): apparently

25.Laundered(Adj.):(of money) obtained illegally and processed secretly, typically by transfers involving foreign banks or legitimate businesses.

26.Brush aside(Phrasal verb):to treat (something) as not important : to ignore or dismiss.

27.Relentless(adj.):persistent, continuing.

28.Grievances(N):complaint, criticism, objection.

29.Behoves(v):it is right for someone to do something.

20.Dissenters:objector, protester. Open / Comment

2021-10-16 15:25:17 Mahanadi River

The Mahanadi River system is the third largest of peninsular India and the largest river of Odisha state.

Its basin extends over states of Chhattisgarh and Odisha and comparatively smaller portions of Jharkhand, Maharashtra and Madhya Pradesh

The river originates from Sihawa in Chattisgarh and Drains near False point in Odisha, Bay of Bengal.

At Sambalpur the Hirakud Dam (one of the largest dams in India) on the river has formed a man-made lake 35 miles (55 km) long.

Puri, at one of its mouths, is a famous pilgrimage site.

Mahanadi basin, because of its rich mineral resource and adequate power resource, has a favorable industrial climate.

Tributaries :
Left - Seonath, mand, Ib, Hasdeo
Right - Ong, Parry, jonk, Telen

The Mahanadi was notorious for its devastating floods for much of recorded history. Thus it was called 'the sorrow of Orissa'.

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FOLLOW US @examground Open / Comment

2021-10-16 14:49:56 MOST IMPORTANT REPORT'S AND INDIA'S RANK IN VARIOUS INDEXES 2021

Henley Passport Index 2021
TOP : Japan and Singapore
INDIA : 90
Bottom : Afghanistan (110)

World Competitiveness Index 2021
TOP : Switzerland
INDIA : 43
Compiled By : Institute for Management Development (IMD)
Among the BRICS nations
1st - China (16th rank)
2nd - India (43rd rank)
3rd - Russia (45th rank)

Global Innovation Index 2021
Top : Switzerland
INDIA : 46
Released By : World Intellectual Property Organization (WIPO)

Corruption Perception Index (CPI) 2020
TOP : New Zealand and Denmark
INDIA : 86
Released By : Transparency International

Hurun India Future Unicorn List 2021
TOP : USA
2nd : China
INDIA : 3rd

Youth Development Index 2020
TOP : Singapore
INDIA : 122
Released By : Commonwealth Secretariat in London

Energy Transition Index 2021
TOP : Sweden
INDIA : 87
Released By : World Economic Forum (WEF)

World Press Freedom Index 2021
TOP : Norway
INDIA : 142
Released By : Reporters Without Borders

Chandler Good Government Index (CGGI) 2021
TOP : Finland
INDIA : 49

Global Manufacturing Risk Index 2021
TOP : China
2nd : INDIA
3rd : USA
Released By : Cushman & Wakefield

Inclusive Internet Index 2021
TOP : Sweden
INDIA : 49 (It shares its rank with Thailand)

Gender Gap index 2021
TOP : Iceland
INDIA : 140
Bottom : Afghanistan
Released By : World Economic Forum (WEF)

Global Peace Index (GPI) 2021
TOP : Iceland
INDIA : 135

Global Startup Ecosystem Index 2021
TOP : United States
INDIA : 20
Released By : Startup Blink

World Giving Index 2021
TOP : Indonesia
INDIA 14

Bitcoin Investment Gain in 2020
TOP : US
INDIA : 18

Global Skills Report 2021
TOP : Switzerland
INDIA : 67

Global Cybersecurity Index (GCI) 2020
TOP : United States
INDIA : 10
Released By : International
Telecommunication Union (ITU)

Economic Freedom Index 2021
TOP : Singapore
INDIA : 121
Published By : The Heritage Foundation

World Happiness Report 2021
TOP : Finland
INDIA : 139
Report By : UN Sustainable Development Solutions Network

International Intellectual Property (IP) Index 2021
TOP : USA
INDIA : 40
Released By : Global Innovation Policy Centre (GIPC)

Democracy Index 2020
TOP : Norway
INDIA : 53
Released By : Economist Intelligence Unit (EIU)

Human Development Index 2020
TOP : Norway
INDIA : 131
Released By : UNDP

Coronavirus Performance Index 2021
TOP : New Zealand
INDIA : 86

Human Freedom Index 2020
TOP : New Zealand
INDIA : 111
Published By : Cato Institute and Fraser Institute in Canada Open / Comment

2021-10-16 09:11:09 #Biosphere_reserves_of_India

Nilgiri Biosphere reserve
________________________________

Parts of Tamil Nadu, Kerala, Karnataka

Protected Areas : 1.Mudumalai WLS & TR
2.Wayanaad WLS
3.Bandipur National Park & TR
4.Nagarhole National Park & TR
5.Mukurthi National Park
6. Silent Valley National Park

Rivers flowing:
Bhavani, Moyar, Kabini (tribuatries of Cauvery), Chaliyar, Punampuzha, etc.

Flora:
Forest Type: Moist Evergreen, Semi-Evergreen, Thorn, Savannah Woodland, Sholas and Grassland

Endemic Fauna: Nilgiri tahr, Nilgiri langur, Lion – tailed macaque

Climate: Annual Rainfall- 500mm-7000mm
Temperature- 0-41 C

It is a World Natural Heritage site and part of World Network of Biosphere reserves.
________________________________

https://www.examground.in/student/center/store/detail?id=10079&source=0

BEST CDSE TEST SERIES Open / Comment

2021-10-16 07:57:49 #DAILY_VOCABULARY

1.Indispensability (N)-not subject to being set aside or neglected. अपरिहार्यता

2.Ambitions (N)-a strong desire to do or achieve something. महत्वाकांक्षा

3.Momentarily (Adv)-for a very short time. क्षण भर के लिये

4.Pole (Adj)-either of two directly opposite tendencies or opinions.

5.Set The Ball Rolling (Phrase)-to open or initiate an action, discussion, movement, etc.

6.Lion’s Share (Phrase)-the largest part of something. सबसे बड़ा हिस्सा

7.Realignment (N)-the action of changing or restoring something to a different or former position or state. फिर से संगठित करना

8.Discernible (Adj)-able to be seen or understood. प्रत्यक्ष

9.Grassroots (Adj)-relating to or involving ordinary people, especially in politics.

10.Daunting (Adj)-seeming difficult to deal with in prospect; intimidating. कठिन, चुनौतीपूर्ण

11.Burgeoning (Adj)-beginning to grow or increase rapidly. बढ़ना

12.Accede (V)-to agree. सहमत होना

13.Down The Road (Phrase)-in the future.

14.Opting Out (Phrasal Verb)-choose not to participate in something.

15.On The Shoals (Phrase)-on the difficulties.

16.Heft (N)-power or strength.

17.Openness (N)-lack of secrecy or concealment. स्पष्टता Open / Comment

2021-10-16 05:17:24 ■ BORAMDEO TIGER RESERVE

□ WHY IN NEWS ?

The National Tiger Conservation Authority (NTCA) approved the Chhattisgarh government’s proposal to declare the combined areas of the Guru Ghasidas National Park and Tamor Pingla Wildlife Sanctuary as a Tiger Reserve.

□ ABOUT :-

◇ The new Reserve is located in the northern part of the state, bordering Madhya Pradesh and Jharkhand.

◇ This will be the fourth Tiger Reserve in Chhattisgarh, after the Udanti-Sitanadi, Achanakmar, and Indravati Reserves.

◇ The proposal was considered under Section 38V(1) of The Wildlife (Protection) Act, 1972.

◇ This section says that the State Government shall, on the recommendation of the Tiger Conservation Authority, notify an area as a tiger reserve.

︎SOURCE - IE. Open / Comment