global trade Current Affairs, GK & News

What is Suez Canal Blockade?

A container ship called the “Ever Given” recently ran aground in the Suez Canal. This blocked more than 400 ships from transiting the canal. The blockage created huge impacts on global trade and is referred to as Suez Canal Crisis 2021 or Suez Canal Blockade. Impacts of the Blockade The Cargo ship was headed from ..

Month: 

Category: 

Topics: 

Plastic Parks Scheme: Key Facts

The Ministry of Chemicals and Fertilizers has recently approved to set up ten plastic parks in the country. The parks are being set up under the Plastic Park scheme that was launched in 2019. The plastic parks or to be set up in Madhya Pradesh, Assam, Tamil Nadu, Odisha, Jharkhand, Chhattisgarh and Uttarakhand. Highlights A plastic ..

Month: 

Category: 

Topics: 

Tax Heads of BRICS met through Video Conference

On May 29, 2020, the Heads of Tax authorities of BRICS met through video conference. The Conference was hosted by Russia. Highlights The meeting was attended by the Heads of Tax Authorities of Russia, Brazil, India, China and South Africa. The meeting was hosted by the current Presidency, Russia. India was represented by the Finance ..

Month: 

Category: 

Topics: 

India has the third-highest trade-related illicit financial flow globally

US-based think tank Global Financial Integrity (GFI) recently released a report titled “Trade-related Illicit Financial Flows in 135 Developing Countries: 2008-2017”. As per the report, five countries with the largest gaps were China ($457.7 billion), followed by Mexico, India, Russia and Poland. India has the third-highest trade-related illicit financial flow escaping the government’s tax net, with $83.5 ..

Topics: 

India seeks to push reforms at WTO

The Ministry of Commerce and Industries is arranging a mini-ministerial meeting of developing countries on May 13-14 to discuss the future of the multilateral body, World Trade Organisation (WTO) and the development agenda. India is expected to invite close to two dozen countries for discussions on May 13-14. It is second such initiative undertaken by ..

Month: 

Topics: 

1 / 3123