global trade: Current Affairs, GK & News - 2020-2021

Plastic Parks Scheme: Key Facts

Published: September 24, 2020

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 ..

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Tax Heads of BRICS met through Video Conference

Published: May 30, 2020

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 ..

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

Published: March 4, 2020

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 ..

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India seeks to push reforms at WTO

Published: April 10, 2019

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 ..

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IMF, World Bank and WTO launch Reinvigorating Trade and Inclusive Growth Report

Published: October 1, 2018

International Monetary Fund (IMF), World Bank and World Trade Organization have collectively launched report “Reinvigorating Trade and Inclusive Growth”. In this report all three international organisations have sought liberalisation of global service sector, asserting that barriers to these services trade currently is roughly as high as those to trade in goods about a half century ..

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