Preaload Image

India revoked the Most Favoured Nation (MFN) status of Pakistan and warned of more measures in response to its support for terrorist groups targeting India.

While Prime Minister asserted that those responsible for terrorist attack in Jammu and Kashmir would be given a “befitting reply.

The suicide car bombing in Pulwama district killed 40 paramilitary personnel, making it one of the worst incidents of violence in the history of the State’s insurgency. The attacker a school dropout who had gone missing last year amid heightened volatility in the State rammed a vehicle loaded with explosives into a convoy of the Central Reserve Police Force (CRPF).

As countries around the world shared India’s outrage and condemned the incident, the U.S. put Pakistan in the dock by asking it to “immediately end” all support to terrorist groups.

The Pakistan-based terror outfit Jaish-e-Mohammed (JeM) has claimed responsibility for the attack.

“Direct” involvement

There is “incontrovertible evidence” of Pakistan’s “direct” involvement in the attack (Cabinet Committee on Security) but Pakistan has denied any involvement and termed the attack “a matter of grave concern.

Most Favoured Nation:

Special preference for the country given MFN status, it actually means it would be treated equally as all others. According to the World Trade Organisation rules, countries cannot normally discriminate between their trading partners. If one country is granted a trade concession such as, for example, lower import duties, then all WTO members must be extended the same concessions. This principle is known as the Most Favoured Nation treatment.

To read this current affair fully, click the below link to download or subscribe our youtube channel to get daily current affairs