global trade

OECD Services Trade Restrictiveness Index-STRI

February 17, 2023

The Organization for Economic Cooperation and Development recently released the Services Trade Restrictiveness Index. India ranked 47th. Last year, India was in the 46th position. Unfortunately, India remains among the bottom five countries in the ranking. Russia was in the ..

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UNCTAD on Global Trade in 2021

February 19, 2022

According to UNCTAD’s Global Trade Update published on February 17th, global trade in goods continued strong in 2021, and trade in services finally returned to the levels of pre-COVID-19. Global trade touched $28.5 trillion which is a record level in 2021, according ..

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What is Suez Canal Blockade?

April 3, 2021

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 ..

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Plastic Parks Scheme: Key Facts

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 ..

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Tax Heads of BRICS met through Video Conference

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. ..

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

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. ..