Generalized System Of Preferences (GSP)
NEWS: U.S. President Donald Trump terminates preferential trade status for India under GSP.
SOURCE: The Hindu
The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for up to 4,800 products from 129 designated beneficiary countries and territories. GSP was instituted on January 1, 1976, by the Trade Act of 1974.
The GSP program has effective dates which are specified in relevant legislation, thereby requiring periodical reauthorization in order to remain in effect.
There are eight mandatory and seven discretionary criteria for GSP eligibility. Mandatory criteria include a beneficiary not being a communist country and committing to end the worst forms of child labour. Discretionary criteria include the level of economic development (i.e, the Turkey case), and assurances on market access (i.e., the India case).
NEWS: Kartarpur corridor to be completed by Sept. 30’.
SOURCE: The Hindu
Kartarpurgurudwara is the revered shrine across the border where Guru Nanak Dev, the founder of Sikhism spent the last 18 years of his life.
The corridor will connect the holy shrines of Dera Baba Nanak Sahib in Gurdaspur district of Punjab in India with GurdwaraDarbar Sahib in Kartarpur in Pakistan.
The length of the corridor is about 4 km (2 km on either side of the international border).
The Pakistan government has also decided to open the corridor.
The corridor will commemorate the 550th birth anniversary of Guru Nanak Dev.
Pilgrimages between India and Pakistan are governed by the 1974 Protocol on Visits to Religious Shrines, which includes a list of shrines in Pakistan and India open for visitors from the other country, and for which visas are required.
The Kartarpur Corridor, which will provide visa-free access to the shrine when it becomes ready on both sides, may need a separate treaty.
Guru Nanak DevJayanti is observed on the full-moon day in the month of Katak to celebrate the birth of Guru Nanak Dev (1469-1539), who is the first of the 10 Sikh Gurus and the founder of Sikhism.
He advocated the 'Nirguna' form of bhakti.
He rejected sacrifices, ritual baths, image worship, austerities and the scriptures of both Hindus and Muslims.
He organised his followers into a community. He set up rules for congregational worship (sangat) involving collective recitation.
He appointed one of his disciples, Angad, to succeed him as the preceptor (guru), and this practice was followed for nearly 200 years.
The fifth preceptor, Guru Arjan, compiled Baba Guru Nanak’s hymns along with those of his four successors and other religious poets like Baba Farid, Ravidas (also known as Raidas) and Kabir in the AdiGranth Sahib.
These hymns, called 'Gurbani', are composed in many languages.
In the late seventeenth century the tenth preceptor, Guru Gobind Singh, included the compositions of the ninth guru, Guru TeghBahadur, and this scripture was called the Guru Granth Sahib.
Guru Gobind Singh also laid the foundation of the KhalsaPanth (army of the pure) and defined its five symbols: uncut hair, a dagger, a pair of shorts, a comb and a steel bangle. Under him, the community got consolidated as a socio-religious and military force.