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US waives Russian oil penalties, easing tariff threat on India
खबर में क्यों?
A waiver is not a repeal: the Russian oil penalty relief India's GS-II answer must flag
A US waiver on Russian oil penalties eases tariff risk for India, though it could be reversed.
Why it matters: factual, Prelims-type
What you need to know
2 मिनट
The United States has waived penalties linked to purchases of Russian oil, which relieves pressure on India's oil imports and eases a tariff threat that had hung over the proposed trade deal.
Experts caution that the relief is temporary and the penalties could be revived.
India has maintained that its energy sourcing is guided by national interest.
स्रोत: Topper IAS editorial (PIB / The Hindu / Indian Express)
मुख्य तथ्य
Remember these
- The US has waived penalties linked to purchases of Russian oil, easing pressure on India's oil imports.
- The waiver eases a tariff threat that had hung over the proposed India-US trade deal.
- Experts say the relief is temporary and the penalties could be revived.
- India maintains that its energy sourcing is guided by national interest.
- India is among the world's largest importers of crude oil and depends heavily on imports for its needs.
प्रीलिम्स · मेन्स
How the exam will ask it
प्रीलिम्स
- A sanctions waiver suspends the application of penalties for a period; it does not repeal the underlying sanctions, which can be reinstated.
- Tariffs are taxes levied on imported goods and are a common instrument of trade pressure between countries.
- India has stated that its energy purchases are guided by national interest and energy security considerations.
मेन्स
GS-II (India and the world) and GS-III (Energy): The US waiver on Russian oil penalties eases the tariff threat over the India-US trade deal, but its reversibility keeps India exposed. India should keep sourcing guided by national interest, diversify its crude suppliers and balance strategic autonomy with trade ties to Washington.
Quick recall
Answer before you reveal
The Food Safety and Standards Authority of India (FSSAI), which frames standards such as pesticide residue limits for food, is a statutory body established under the:
- Prevention of Food Adulteration Act, 1954
- Consumer Protection Act, 2019
- Legal Metrology Act, 2009
- Food Safety and Standards Act, 2006
उत्तर देखें
उत्तर: D — The correct answer is the Food Safety and Standards Act, 2006, which created the FSSAI to set science-based standards for articles of food.
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