SEZs manufacturing essentials like pharmaceuticals, hospital equipment are operational

Around 280 SEZ (Special Economic Zones) that are involved in manufacturing essential goods such as pharmaceuticals, drugs and hospital equipment are operational amidst Lock Down. These economic zones contribute 18% of the exports of the country. Highlights While addressing the ..

Month: Current Affairs - March, 2020

Corona Virus: NMDC reduced iron ore prices by 1.5%

On March 16, 2020, the National Mineral Development Corporation announced that the prices of iron ore is to be reduced by 1.5%. The Corporation is taking such measures predicting decline in iron ore demands due to the threats of Corona ..

Month: Current Affairs - March, 2020

Banana Exports hit due to Corona Virus

The major banana growing regions of Andhra Pradesh and Telangana were severely hit. This was mainly because the importing countries have gone for lockdown, especially Iran. Highlights The price of a tonne of banana that used to be between Rs ..

Month: Current Affairs - March, 2020

Gold Imports of 2019-20 dip by 8.86% narrowing Current Account Deficit to 143 billion USD

On March 16, 2020, the Commerce Ministry reported that the gold imports for the period April to February (2019-20) has reduced by 8.86% as compared to the previous year. Highlights India is the largest importer of gold in the world. ..

Month: Current Affairs - March, 2020

Honey Production

Recent reports show that the honey production in Bihar has declined by 40% in 2020. Erratic weather is being blamed for the drastic fall. Honey Production in India India is an exporter of natural honey. In 2018-19, India exported over ..

RoDTEP Scheme

The Cabinet Committee on Economic Affairs (CCEA) recently gave approval for the RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme. Status of India’s Exports India faced a decline in exports for 6 months in a row in January. ..