FTA
IPEF: India to join USA’s new initiative
India expressed willingness to join Indo-Pacific Economic Framework for Prosperity (IPEF), a new economic initiative led by the USA. USA clarified that the IPEF is not a free trade agreement (FTA). Thus, it neither seeks to replace the 11-nation CPTPP ..
Month: Current Affairs - May, 2022
Category: International / World Current Affairs
UK-India Business Commission
Recently, the Confederation of Indian Industry (CII) and the Confederation of British Industry (CBI) inked a pact to establish the UK-India Business Commission. What are the objectives of the UK-India Business Commission? To increase collaboration among industries of the United ..
Month: Current Affairs - May, 2022
Category: International / World Current Affairs
RBI Report on Currency and Finance
Recently, the Reserve Bank of India (RBI) released the Report on Currency and Finance (RCF) for the year 2021-22. What is the theme of the report? The theme of the report is “Revive and Reconstruct” in the context of nurturing ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
India-Canada FTA Talks
India and Canada decided to restart negotiations on Free Trade Agreement (FTA) or Comprehensive Economic Partnership Agreement (CEPA). History of negotiations The benefits of India-Canada CEPA were highlighted by “India-Canada CEO Round Table” held in 2008. It was decided that ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs
Why did India not sign the world largest RCEP trade deal?
On November 15, 2020, China and other fourteen Asian countries signed the world largest trade pact under the RCEP of ASEAN grouping. The agreement left the doors open for India. However, in 2019, India walked out of the agreement. Why ..
Month: Current Affairs - November, 2020
European Think Tank: Act East Policy of India has shifted its Geostrategic posture in Indo-Pacific
On July 7, 2020, the European Foundation for South Asian Studies (EFSAS) said that Act East policy of India has shifted the Geostrategic posture of India in the Indo-Pacific. Highlights The EFSAS is a European think tank. According to the ..
Month: Current Affairs - July, 2020
India to set strict restrictions on non-essential imports from China
Ministry of Commerce and industry has announced that 371 items from China will get strict restriction from March 2020. The move aims at curbing imports of non-essential items such as plastic goods, toys, furniture, sports. Highlights The rules are to ..
Month: Current Affairs - January, 2020
India, Georgia sign Joint Statement to launch Joint Feasibility Study on FTA
India and Georgia have singed a Joint Statement on the launching of the Joint Feasibility Study on the Free Trade Agreement between both countries. The statement was signed by Union Commerce & Industry Minister Nirmala Sitharaman and Georgia’s Minister of ..