Trade Deficit Current Affairs, GK & News
What is Commodity Super Cycle?
The prices of commodities from corn to crude oil to rubber, rhodium, copper, soy bean has been increasing since the beginning of 2021. This is referred to as Commodity Super Cycle. Commodity Super cycle Since the beginning of nineteenth century there has been four Commodity Super Cycle. The first Commodity Super cycle started in the ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs
Topics: China • Currency depreciation • industrialisation • Inflation • Trade Deficit • Urbanisation • US Dollars • USA • world war
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 did India not sign the agreement? According to India, the deal does not address its ..
Month: Current Affairs - November, 2020
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: ASEAN • FTA • India RCEP • Most favoured nation • RCEP • Trade Deficit
China imposes Visa restrictions on US individuals over Hong Kong
On June 29, 2020, China announced that it will impose Visa restrictions on US individuals who have “Egregious Conduct” related to Hong Kong issues. Highlights The United States had recently imposed sanctions against unnamed Chinese officials that US believe are responsible for curbing freedom in Hong Kong. What is the issue? The Parliament of China ..
Month: Current Affairs - June, 2020
Category: International Current Affairs
Topics: China-Hong Kong • China-US • Hong Kong • India China • India-US • Trade Deficit • trade surplus • US-China • US-China Trade War
India restricts export ban of HCQ drug
On April 7, India announced restrictions on export of Hydroxychloroquine (HCQ) drug. What is the issue? India had imposed ban on export of HCQ drug to prevent the shortage of the drug in the country. The United States and 30 other countries including some of the SAARC countries have been pressuring India to remove the ..
Month: Current Affairs - April, 2020
Category: India Nation & States Current Affairs
Topics: Corona virus • COVID-19 • hydroxychloroquine • India-US • India-US Trade War • SAARC • Trade Deficit
Gold Imports of 2019-20 dip by 8.86% narrowing Current Account Deficit to 143 billion USD
On March 16, 2020, the Commerce Ministry reported that the gold imports for the period April to February (2019-20) has reduced by 8.86% as compared to the previous year. Highlights India is the largest importer of gold in the world. As the gold imports of the country have been reduced, the trade deficit has reduced ..
Month: Current Affairs - March, 2020
Category: Economy & Banking Current Affairs
Topics: Crude oil Imports • current account deficit • exports • Gold • India exports • India imports • Oil Imports • Trade Deficit