Current affairs 29 December 2024

India Initiated Anti-Dumping Probe into LNG Fuel Tanks from China.

• India has launched an anti-dumping investigation into LNG fuel tanks imported from China, following a complaint by Inox India Ltd, citing material injury to the domestic industry.
• The Directorate General of Trade Remedies (DGTR) is leading the probe, focusing on the impact of cheap imports on domestic margins.
• India has already imposed anti-dumping duty to tackle cheap imports from China.

Goa's Manohar International Airport Won "Best Domestic Airport" Award.

• Goa's Manohar International Airport (GOX), operated by GMR Goa International Airport, received the Best Domestic Airport award at Travel Leisure India's Best Awards 2024.
• Over 1,86,000 participants rated airports on criteria like access, security, dining, shopping, and design.
• CEO of GMR Goa International Airport: RV Sheshan.

BEML Launched India's Largest and Most Advanced Crawler Dozer.

• BEML (Bharat Earth Movers Limited) unveiled the BD475-2 Dozer, India's biggest crawler dozer, powered by a 950 HP Cummins QST30 engine.
• Designed in-house at the Kolar Gold Fields facility, it combines cutting-edge technology with durability for mining operations.
• The 100-ton dozer is the nation’s biggest and most technologically advanced crawler dozer ever created.

UAE Becomes Africa’s Biggest Investor Amid Rights Concerns.

• The United Arab Emirates has become the largest backer of new business projects in Africa.
• Between 2019 and 2023, Emirati companies announced $110bn (£88bn) of projects, $72bn of them in renewable energy.
• The pledges were more than double the value of those made by companies from the UK, France or Chin.
• At the Cop29 climate conference, for example, wealthy countries promised $300bn annually.

TIL to Invest Rs 20,000 Crore in Vadhvan Port Development.

• Switzerland-based Terminal Investment Limited (TIL) plans to invest Rs 20,000 crore in developing Vadhvan Port and its ecosystem near Dahanu, Maharashtra.
• Vadhvan Port Project Ltd (VPPL), a joint venture of JNPA (74% stake) and Maharashtra Maritime Board (26%), oversees the Rs 76,200 crore project.
• This initiative aims to enhance India's port infrastructure, creating a world-class facility.