India, Germany ratify social security agreement

  1. Pact: India and Germany have ratified the Social Security Agreement (SSA) which will come into force from May 1 this year
  2. Aim: To help promote more investment flows between the two countries
  3. The SSA will also integrate the provisions of the 2008 social insurance pact that exempts detached workers of the two countries from making social security contributions in either countries so long as they were making such contributions in their respective countries
  4. The new agreement establishes the rights and obligations of nationals of both countries and provides for equal treatment of the nationals of both countries
  5. The requirements to be entitled to a pension can be met by aggregating the periods of insurance completed in India and Germany, whereby each country pays only the pension for the insurance periods covered by its laws

 

Panel to probe Gurdwara blast

  1. Context: An explosion at a Gurdwara in German city of Essen
  2. Pane: A special commission has been set up to probe the explosion at a Gurdwara in Germany
  3. Security: Authorities have assured India that all steps will be taken to ensure security for all minorities including the Sikhs
  4. Motive? Police said they have no indication that the attack was racially motivated or was undertaken with a terror motive

India, Germany agree to resume FTA talks

  1. Pacts signed for expediting German investments in India; loans worth €1 bn for solar power generation.
  2. EU restrictions on more than 700 generic drugs were unfair. Hopefully this will be taken care of.
  3. What is FTA? A group of countries that have few or no price controls in the form of tariffs or quotas between each other.
  4. One of the most well-known and largest free trade areas was created by the signing of the North American Free Trade Agreement (NAFTA).


:( We are working on most probable questions. Do check back this section.







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