India-China Trade Deficit Current Affairs, GK & News
China becomes India’s top Trade Partner
China has again become India’s top trading partner in the year 2020. The reason was that India was still dependent on the import of heavy machines, telecom equipment and home appliances from China. Highlights The provisional data from the trade between both the countries in the year 2020 stood at $77.7 billion. However, the trade ..
Month: Current Affairs - February, 2021
Category: International Current Affairs
Topics: India China relations • India-China border dispute • India-China Trade Deficit • India’s top Trade Partner • International Trade
CAROTAR Rules, 2020
CAROTAR is Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020. It came into force in September, 2020. These rules are set of guidelines that enforce the “rules of origin” for the rate on imports under Free Trade Agreements. What are CAROTAR rules? Under these rules, an importer is required to do due ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs
Topics: ASEAN • CAROTAR • Customs duties • Dumping • Free trade agreements • india-asean • India-China Trade Deficit • Look East policy
Project to indigenize Li-ion battery technology for EVs
The IIT Hyderabad incubated start up Pure EV has signed a Memorandum of Understanding with CSIR-Central Electro Chemical Research Institute (CECRI). Under the agreement, the start up and CSIR are to undertake joint research to develop Lithium-Ion Battery technology for electric vehicles. This will help to indigenize Lithium-ion technology. Currently, India is importing Lithium cells ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: Electric vehicles • Fame Phase-II • FAME-II • India-China Trade Deficit • lithium ion cell • Lithium-ion batteries • Memorandum of Understanding (MoU) • production linked incentive scheme • Recycling
India to receive 6,50,000 COVID-19 testing kits from China
The first lot of 3 lakh COVID-19 testing kits are to arrive from China on April 16, 2020. In another 2 weeks India will receive 2 to 3 million kits from China. India is buying 100,000 RNA extraction kits and 5,50,000 antibody testing kits from China. Highlights India has diversified its imports of COVID-19 testing ..
Month: Current Affairs - April, 2020
Category: International Current Affairs
Topics: Antibodies • Apis • India China • India-China Trade Deficit • PCR • Personal Protective Equipment (PPE) • Pharmaceuticals • rapid antibody testing • RNA extraction kit
India and China celebrate their 70th anniversary of Diplomatic Relations
India and China postponed all the events planned to celebrate the 70th anniversary of their diplomatic relations due to the COVID-19 pandemic. However, the leaders exchanged congratulatory messages. Highlights India was the first non-communist country in Asia to establish diplomatic relations with People’s Republic of China. Today the countries have strong trade relations despite of ..
Month: Current Affairs - April, 2020
Category: International Current Affairs
Topics: border issues • Diplomatic Engagement • India China • India-China Informal Summit • India-China Trade Deficit • Modi - Xi informal summit • Wuhan