National News:

India’s Escalating Reliance on Chinese Imports

• A recent report by the Global Trade Research Initiative (GTRI) has shed light on India’s concerning dependence on Chinese imports.
• Between 2018-19 and 2023-24, India's import bill from China surged dramatically, exceeding $101 billion.
• Notably, China’s share of India’s industrial goods imports has risen to 30%, surpassing India's overall imports by 2.3 times over the past fifteen years.

States News:

Uttarakhand's Action Against Patanjali Ayurved

• The Uttarakhand government has taken decisive action against Patanjali Ayurved, founded by Baba Ramdev, by suspending the manufacturing licenses of 14 of its products.
• This action was prompted by allegations of misleading advertisements regarding the efficacy of these products.
• The move comes amidst ongoing scrutiny and legal proceedings against Ramdev for non-compliance with directives to cease misleading advertising.

Economy News:

 Adjustment in India's Windfall Tax

• India recently made adjustments to its windfall tax on petroleum crude, reducing it to 8,400 Indian rupees ($100.66) per metric ton from the previous rate of 9,600 rupees.
• This revision, effective May 1, follows a recent increase in the tax from 6,800 rupees to 9,600 rupees per metric ton on April 16.

Sports News:

 Kenyan Success at TCS World 10K Bengaluru

• The 16th edition of the Tata Consultancy Services World 10K Bengaluru saw notable success for Kenyan runners.
• Peter Mwaniki emerged victorious in the international elite men’s category with a time of 28:15, while Lilian Kasait secured the top spot in the women’s category with a time of 30:56.

Important Days:

International Labour Day 2024

• International Labour Day, celebrated annually on May 1st, honours the contributions and achievements of workers worldwide.
• This year, the focus is on ensuring safety and health at work in the face of a changing climate.
• The theme, announced by international labour organisations like the International Labour Organization (ILO), underscores the importance of prioritizing workers’ rights and opportunities globally.