Page-2 of Trade Deficit
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 ..
Month: Current Affairs - May, 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
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 ..
Month: Current Affairs - June, 2020
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 ..
Month: Current Affairs - April, 2020
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. ..
Month: Current Affairs - March, 2020
US removed “Developing” Tag for India: What are its implications?
Recently, the United States of America removed the “developing” tag for dozens of countries. India is one amongst them. These countries are to be classified as developed economies Highlights The “Developing” status for a country in the US is associated ..