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WEEKLY CURRENT AFFAIRS

WEEKLY CURRENT AFFAIRSW ebinar HandoutWEEKLY CURRENT AFFAIRSW ebinar HandoutCONTENT DECEMBER - 2021 (2nd WEEK) India Srilanka _____ 02-05 Free Trade Agreements (FTAs) _____ 06-08 World Inequality Report 2022 _____ 09-10 AFSPA: Is it Relevant? _____ 11-12 Pendency of Constitutional Cases in Supreme Court _____ 13-14 1. India Srilanka Quote: India is a relative, China a friend - Mahinda Rajapaksa (Prime Minister of Sri Lanka) Context: Following the recent Indian visit of SriLankan Finance Minister, the Srilankan high commission released a statement outlining the four point package deal finalised between both countries.

FTAs, increased compliance costs and administrative delays, exporters are unable to adopt preferred routes. • Major sectors vulnerable to FTAs: India’s agriculture and industrial sectors, particularly MSMEs can be negatively impacted if FTAs are signed with advanced agricultural and manufacturing countries.

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