# India’s record export

• India registered its highest quarterly merchandise exports of $95 billion during the first quarter (April-june) of 2021-22.

• The country is now eyeing a target of $400 billion in merchandise exports in the current fiscal, commerce and Industry minister Piyush goyal on friday.

• As per the official data released, the exports rose by 47.34% to $32.46 billion in June.

• Exports grew following a strong growth in sectors such as engineering, gems and jewellery and petroleum products.

# Bhutan vaccination drive

• Denmark stepped in to provide Bhutan with 2,50,000 doses of Astrazeneca vaccines on friday, about half of its requirement to complete the inoculation of its population.

• Around 2,50,000 Astrazeneca vaccines are coming to Bhutan as a donation from the Danish government to help Bhutan combat covid-19.

# Global corporate tax

• India joined the OECD G20 framework for a global minimum tax.

• A total of 130 countries on thursday agreed to an overhaul of global tax norms to ensure multinationals pay taxes wherever they operate and at a minimum 15% rate.

# Forex reserves

• India’s foreign exchange reserves surged by $5.06 billion to touch a record high of $608.99 billion in the week ended June 25, 2021.

•  In the previous week ended june 18, the reserves had declined by $4.41 billion to 603.93 billion.

• Foreign currency assets rose by $4.7 billion to $566.24 billion.

• Gold reserves rose by $365 million to $36.296 billion.

• The special drawing rights with the IMF remained unchanged at $1.49 billion.

# Nagaland

• People in Manipur and Nagaland are speaking up against the collection of “taxes” by the national socialist council of Nagaland (NSCN), particularly the Isak-muviah faction.

• Several head of villages spoken against this illegal taxation.

• On the other hand NSCN – (IM) criticised the Nagaland governor RN Ravi for trying to “criminalise the naga political movement by questioning the taxation right of the NSCN.