Economics Current Affairs, GK & News

US initiates new anti-dumping duty

The US has initiated new antidumping duty and countervailing duty investigations to determine whether forged steel fittings from India and Korea are being dumped there and to find if producers in India are receiving unfair subsidies. In 2018, imports of forged steel fittings from India and Korea were valued at an estimated $92.6 million and ..

Topics: Commercial policy • Countervailing duties • Dumping • Economics • Economy • International Trade • Pricing • Protectionism

Odisha government to partner with MIT-based Abdul Latif Jameel Poverty Action Lab (J-PAL)

The Odisha government has decided to partner with Abdul Latif Jameel Poverty Action Lab (J-PAL) for targeted intervention in a set of social sectors including poorest of the poor through policy formulation and evaluations based on experimental research. The co-founders of J-PAL are Nobel laureates Abhijit Banerjee and Esther Duflo. The Massachusettes Institute of Technology ..

Topics: Abdul Latif Jameel Poverty Action Lab • Abhijit Banerjee • Academic disciplines • Center for Global Development • Development economists • Economics • Economists • Esther Duflo • Fellows of the Econometric Society • MacArthur Fellows • Massachusetts Institute of Technology • Randomized controlled trial

Abhijit Banerjee wins 2019 Nobel Economics Prize for study on poverty

Indian-American Abhijit Banerjee, his wife Esther Duflo and Michael Kremer have jointly won the 2019 Nobel Economics Prize for their experimental approach to alleviating global poverty. Mr Banerjee was educated at the University of Calcutta, Jawaharlal Nehru University (JNU) and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation ..

Topics: Abhijit Banerjee • Awards • Center for Global Development • Development economists • Economics • Economists • Elinor Ostrom • Esther Duflo • Fellows of the Econometric Society • Guggenheim Fellows • MacArthur Fellows • Nobel Memorial Prize in Economic Sciences

Govt scraps Import Duty on open cell LED TV panel

The Ministry of Finance has withdrawn the import duties on open cell LED panels used in the production of television sets. This is expected to lower the input costs for TV makers who have been complaining about a slump in demand. The Finance Ministry has also scrapped customs on goods for use in the manufacturing ..

Topics: Economics • Economy • International taxation • Tariff

Emerging economies more vulnerable to big oil price moves: Nomura report

The Japanese financial services major Nomura has analysed the impact of the twin drone attacks which targeted Abqaiq, the site of the largest oil processing plant run by the Saudi state oil company, Aramco, and the Khurais oilfield. The attacks wiped out more than half of Saudi Arabia’s crude supply. The attack has surged the ..

Topics: Economics • Economy • Inflation • National Energy Program • Price indices • Price of oil • Pricing

Steel Import Monitoring System Launched

The Ministry of Commerce and Industries has launched a steel import monitoring system (SIMS) to provide advance information about steel imports. Steel Import Monitoring System The system has been developed by the Ministry of Commerce and Industries in consultation with the Ministry of Steel on the pattern of US Steel Import Monitoring and Analysis (SIMA) system. Importers ..

Topics: Commercial policy • Customs duties • Economics • Economy • International taxation • Tariff