Current Affairs

GK MCQs Section

Topic: Tariff

India not eligible for US’ GSP benefits

The United States Trade Representative’s (USTR’s) office has recently classified India as a developed economy and it is ineligible for GSP benefits from the US. The Generalized System of Preferences...

February 12, 2020

USA- France trade dispute

The tariff dispute between USA and France has started affecting bilateral trade. Recently, USA threatened to impose a 100% tariff on French imports such as wine, cheese and...

December 4, 2019

Developing Country Status in WTO

US President Trump has made a sharp criticism against the World Trade Organisation (WTO) for allowing countries such as India and China to engage in unfair trade practices...

August 27, 2019

US Tariff Wars

While the United States and China are already engaged in a massive trade war which is also impacting other countries, President Trump has attacked the World Trade Organization...

August 14, 2019

Updates on ongoing US-China Trade Wars

As a fallout of the ongoing US-China trade wars, the data released by the Wall Street Journal has shown that China is no longer the top trading partner...

August 3, 2019

China: Trade talk with US improving

China and US have been on trade are for the last one year. This affected many countries globally especially in Asia. The conditions are now improving. The Chinese...

April 12, 2019

Border Haats

Border haats are specially designed marketplaces along the international borders. Currently, four border haats are operational along the India–Bangladesh border.  Border haats have a made a new beginning...

May 21, 2018

Inverted Duty Structure

Inverted duty structure is a situation where import duty on finished goods is low compared to the import duty on raw materials that are used in the production...

April 12, 2018

Trade Facilitation Agreement

The government had approved a proposal to notify the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO) in February, 2016. The proposal regarding ratification and acceptance...

April 7, 2018

Draft National Capital Goods Policy 2015

The Capital Goods industry is one of the key contributors to value added manufacturing in India. Capital goods include plant machinery, equipment and accessories required for manufacture or...

November 28, 2015

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