Current Affairs For Bank, IBPS Exams - 26 September, 2015

Current Affairs for BANK, IBPS Exams

Chinese Taipei has dragged India to WTOagainst imposition of anti-dumping duty on imports of USB flash drives or pen drives as known in common parlance.
On May 22, India had imposed anti-dumping duty on the imports of 'USB Flash Drives' from China and Chinese Taipei ($3.06, $3.12 a piece). The duty is for five years.
The request for consultations formally initiates a dispute in the WTO. Consultations give the parties an opportunity to discuss the matter and to find a satisfactory solution without proceeding further with litigation.
After 60 days, if consultations have failed to resolve the dispute, the complainant may request adjudication by a panel.
USB Flash Drives in the market parlance are also known by various other names such as pendrive, keychain drives, key drives, USB sticks, flash sticks, jump sticks, USB keys or memory keys.
The Central Board of Excise and Customs (CBEC) in the Finance Ministry had imposed the anti-dumping duty on recommendations of Directorate General of Anti-Dumping & Allied Duties (DGAD).

World Bank President Jim Young Kim has said reforms initiated by Prime Minister Narendra Modi have had a huge impact on the way world looks at India and praised the progress made in ‘Swachh Bharat’ campaign and ‘Clean Ganga’ programme.
During a meeting with Modi on the sidelines of the ongoing UN General Assembly session, the World Bank President praised the progress made in ‘Swachh Bharat’ and ‘Clean Ganga’ programme where the World Bank is an important partner, External Affairs Ministry spokesperson Vikas Swarup said.
The Prime Minister spoke on the progress made on the thousands of toilets that has been constructed, and also on the international technology that is being sought now on the ‘Clean Ganga’ program, on his ambitious programs for 175 gigawatts of renewable energy, Swarup said.
The two leaders also discussed on the governance structure of the World Bank.

Swiss prosecutors have opened a criminal investigation into Sepp Blatter, the head of world soccer body FIFA, on suspicion of criminal mismanagement and misappropriation of funds, the Swiss attorney general's office said on Friday.
It said Blatter was interrogated after a meeting of FIFA's executive committee in Zurich, and authorities carried out a search at the organisation's headquarters on Friday.
It was the first time that authorities investigating corruption in the world's most popular sport had pointed the finger directly at Blatter, the 79-year-old Swiss who has run its powerful governing body for the past 17 years.
He has denied wrongdoing and his U.S. attorney said he was cooperating with the Swiss probe.
A source close to FIFA said that as Blatter has not been arrested, charged or indicted, it would probably be for him to decide whether he stays in his post until February, when he is due to step down.