Special Economic Zones (SEZs) Act, 2006 The Special Economic Zones (SEZs) Act was enacted in 2006 with an aim to create special economic zones. SEZ are areas within the country that have different economic regulations and are considered foreign territory. They not only aid foreign investment, but are export hubs as well. Units in SEZs …
India’s Oil Imports: India’s overall oil imports fell by nearly 12% in the Fiscal Year 2021 compared to the previous fiscal year. Of all those imports, the share of OPEC reduced to 72% from 80%. It is the lowest share of crude oil imports from OPEC since at least Fiscal Year(FY)-2002. Further, India has bought more US and Canadian …
Difference between Brent and WTI Origin: Brent crude oil originates from oil fields in the North Sea between the Shetland Islands and Norway. West Texas Intermediate (WTI) is sourced from US oil fields, primarily in Texas, Louisiana, and North Dakota. Light and Sweet: Both oils are relatively light, but Brent has a slightly higher API gravity, making WTI the lighter of the two. …
Spectrum Auction: Devices such as cell-phones and wireline telephones require signals to connect from one end to another. These signals are carried on airwaves, which must be sent at designated frequencies to avoid any kind of interference. The Union government owns all the publicly available assets within the geographical boundaries of the country, which also …