Anti-Dumping Duty
The Union government revoked anti-dumping duty on viscose staple fibre originating in or imported from China and Indonesia.
Countervailing Duty is also a protectionist tariff imposed on imports by a domestic government when it believes that the imports are subsidised by a foreign government and causing material harm to the domestic market.
Sunset review
Difference |
Customs duty |
Anti-Dumping Duty |
Concept |
Customs duties are there as a means of raising revenue and for overall development of the economy. |
ADDs guard against the situation arising out of unfair trade practices. |
Category |
They fall in the realm of trade and fiscal policies of the Government. |
Anti dumping and anti subsidy measures are trade remedial measures. |
Purpose |
To improve the government revenue & overall development of the economy. |
To offset the injurious effect of international price discrimination. |
Applicability |
They are universally applicable to all imports irrespective of exporter & country of origin. |
They are levied specifically against exporter / country. |
Viscose
Hurricane Ida
It is the Category 4 storm that has hit on the same date as the Hurricane Katrina that ravaged Louisiana and Mississippi in 2005.
A levee breach or levee failure is a situation where a levee fails or is intentionally breached, causing the previously contained water to flood the land behind the levee.
Normally when a storm intensifies or stalls it takes up all of the region’s warm water and then hits colder water that starts to weaken the storm or at least keeps it from further strengthening.
Eyewall Replacement
Merging of 3 Super-massive Black Holes
Indian researchers have discovered 3 supermassive black holes from 3 galaxies merging together to form a triple active galactic nucleus.
A galactic nucleus is a compact region at the center of a newly discovered galaxy that has a much-higher-than-normal luminosity.
Merging Process
Detection of Super-massive Black Holes
Source: PIB, The Hindu, The Indian Express, Hindustan Times, Business Standard