Most favoured nation
India- Vietnam signs agreement for cooperation in the field of IT
On December 17, 2021, India and Vietnam signed agreement for cooperation in the field of Information Technology (IT). Highlights Ministers from both the countries exchanged views on several initiatives taken by their respective countries to boost digital economy. Ministers also ..
Month: Current Affairs - December, 2021
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
Imports from Pakistan to India decline by 92% in March 2019
Imports from Pakistan to India have declined by 92% amounting to USD 2.84 Million in March 2019 after imposition of 200% customs duties on all products. The strong economic action against Pakistan was taken following Pulwama terror attack. Key Highlights ..
Month: Current Affairs - June, 2019
India Withdraws MFN Status of Pakistan
One day after the Pulwama terror attack on 14th February, 2019, India has taken a stern step of withdrawing the Most Favoured Nation or MFN Status of Pakistan. This move would enable India to increase customs duty on goods coming ..
Month: Current Affairs - February, 2019
Pakistan has no plans to grant MFN status to India
Pakistan Government has no immediate plans to grant Most Favoured Nation (MFN) status to India. However, it is working out free trade agreements (FTAs) with different countries, especially China and hopes to complete second FTA with China by June 2019. ..
Month: Current Affairs - November, 2018
Pak to turn from +ve to -ve list for trade with India
As the Pakistan’s Cabinet gave its approval for 1,209 strong –ve list of items in which bilateral trade is barred, Pakistan to turn to –ve list for trade with India. This will subsequently open up Business opportunities in around 6,850 ..
Month: Current Affairs - March, 2012
India-Pakistan: Implications of MFN Status
According to WTO, MFN status means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners — whether rich or ..
Month: Current Affairs - December, 2011
Current Affairs : November 2, 2011
Odisha Government prepares Rs 20 crore Plan to protect elephant from electrocution After some 100 elephants lost their lives, Orissa government has formulated a Rs 20 crore action plan to protect the wild elephants from electrocution in elephant corridors. It ..