India withdraws 'Most Favoured Nation' status given to Pakistan

India withdraws 'Most Favoured Nation' status given to Pakistan

India has withdrawn the 'Most Favoured Nation' status granted to Pakistan in the wake of the Pulwama terror attack in which more than 40 CRPF jawans were martyred.

Union Minister Arun Jaitley said that the government has decided to withdraw the "Most Favoured Nation" status given to Pakistan, in the wake of the worst-ever terror attack in Jammu and Kashmir a day ago when a CRPF convoy in Pulwama was rammed into by an explosive-packed SUV that has left 45 troopers dead.

The decision was taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi after the suicide attack on Thursday that proved to be the most devatating since militancy erupted in 1989.

Speaking to the media after the meeting, Arun Jaitley said: "The most favoured nation status which has been granted to Pakistan stands withdrawn with immediate effect."

Related Links on Pulwama Terror Attack:

• 40 CRPF personnel killed in J&K's Pulwama as Jaish militants attack convoy
• Pulwama terror attack revenge: PM Modi says forces given full freedom
• "Immediately End Support To Terror Groups": US To Pak Over Pulwama Attack

What is 'Most Favoured Nation' status?

• Under the WTO agreements, countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.
• This principle is known as most-favoured-nation (MFN) treatment. It is so important that it is the first article of the General Agreement on Tariffs and Trade (GATT), which governs trade in goods. MFN is also a priority in the General Agreement on Trade in Services (GATS) (Article 2) and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) (Article 4), although in each agreement the principle is handled slightly differently. Together, those three agreements cover all three main areas of trade handled by the WTO.

When did India grant MFN status to Pakistan?

• India granted MFN status to Pakistan in 1996, a year after the formation of WTO. After the Uri attack in 2016, Prime Minister Narendra Modi reviewed the MFN treatment accorded to Pakistan. Pakistan still hasn't granted India with MFN status.

Related Links:

• Pakistan no longer 'Most Favoured Nation': India
• Most Favoured Nation: What does Pakistan stand to lose?

What are some pictures (without text) with deep meaning?

Some pictures do have the power to change the perception of the things we do in our daily lives.

These amazing deep meaning pictures shout out the reality and are simply unavoidable.

Here we go: ↓

1. Positive mental attitude books & education as a whole improving the way we think, act & live our lives.

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2. This is how technology has ruined the childhood life of today's generation

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3. Always be aware of fake people who are not through our thick & thin times.

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4. Development & growth on a planet having finite resources will cause destruction.

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5. Thinking what we have done to our planet today...!

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6. This picture shows the trickle down economics explained in a nutshell.

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7. This picture tells us that we must take care of our old parents when they need us the most, just like they took care of us.

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8. Who should be worship

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9. Who are you wearing today?

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10. We are busier in recording moments than living them.

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11. We had better things to do, but we just wasted our time on stalking other people lives on Facebook and changing Whatsapp profile pic.

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12. Education system nowadays

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13. Don’t ruin your country by 1st to start Littering.

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14. This is how people helps nowadays. they do nothing, but to record to get likes and shares.

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15. New Generation Haircut gap.

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16. Optimism is the best way to see life.

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17. Always think for long term future, it will destroy all your sadness.

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18. You have everything, just look your self and thanks to God.

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19. During Vacation

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20. This is harsh truth. Father’s gift to Son and Son’s Gift to father.

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Hope you like all the Pictures...Cheers......

Lamborghini Huracan EVO (Features, Pictures & Price)

The Lamborghini Huracan Evo boasts of a new design, better styling, added power and enhanced aerodynamics.

 

The Huracan EVO outputs 640 hp with 600 Nm of torque. With a dry weight of 1,422 kg accelerates from 0-100 km/h in 2.9 seconds and from 0-200 km/h in 9.0 seconds.

The new Lamborghini Huracan EVO in India and features a 5.2-litre naturally-aspirated Lamborghini V10 engine, updated to produce higher power output. The Huracan EVO outputs 640 hp with 600 Nm of torque.

Updates in its cabin include a new 8.4” touchscreen infotainment system with Apple CarPlay. It also receives smartphone integration, voice commands and navigation while the cabin itself is done up in Alcantara and leather with Arancio Dryope design elements. Dual camera telemetry and hard disc are offered as an option.

The Huracan Evo is the facelifted version of the two-door supercar as it reaches the halfway point of its life cycle.

Interim Budget 2019: 'Acche Din' for the Common Man!

Interim Budget 2019: 'Acche Din' for the Common Man!

These were among a slew of measures he announced, mainly to benefit the middle class, address the agrarian distress, and bolster industry. 

Key decisions & Announcements for the Middle Class:

1. Individuals with income up to Rs 5 lakh will not have to pay any income tax

2. Individuals with income up to Rs 6.5 lakh will not need to pay any tax if they make investments in PFs, prescribed equities

3. Standard Deduction raised to Rs 50,000/yr from Rs 40,000/yr

4. No TDS on house rent up to Rs 2.4 lakh per year

5. No TDS on bank, post office interest up to Rs 40,000, up from Rs 10,000

6. Income Tax returns to be processed within 24 hours and returns will be paid immediately 

7. All assessment and verification of IT returns will be done electronically, without any intervention by officials

8. GoM to suggest ways to reduce GST for house buyers 

9. Direct tax collections increased from Rs 6.38 trillion in 2013-14 to almost Rs 12 trillion

10. Tax base up from Rs 3.79 crore to 6.85 crore.

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Highlights of Interim Budget 2019