Trade wars Current Affairs, GK & News
On April 21, 2020, the United Nations adopted a consensus resolution. The resolution called for equitable, efficient and timey access to future vaccines developed to fight against COVID-19. Highlights The resolution was drafted by Mexico and is supported by the US. It strengthens the scientific international cooperation that is essential to combat COVID-19. Also, the ..
Category: International / World Current Affairs
On February 19, 2020, the Agricultural Minister Narendra Singh Tomar announced that Government of India is to launch “TILHAN MISSION” to boost the oil seed production. The announcement was made at an occasion of Soil Health Card Day. Soil Health Card Day was celebrated all over India on February 19, 2020. Highlights Government of India ..
Category: Government Schemes Current Affairs
The Economic Survey 2019-20 suggests a new idea of “Assemble in India” model to create 80 million jobs in the country. The model will also help India achieve its 5 trillion USD economy target. Highlights The report suggests that India should benefit from the China-US trade war situation by increasing export manufacturing. It also says ..
Category: Economy & Banking Current Affairs - 2022
The US has declared that China as a currency manipulator. The move could further fuel the ongoing trade war between the two countries. The US has alleged that China’s Central Bank is pushing for depreciation of Yuan as retaliation for new US tariffs. Why China is called Currency Manipulator? It has been alleged that People’s ..
Topics: Currency • Currency intervention • currency manipulator • Currency war • Economy • Exchange rate • Foreign exchange market • International macroeconomics • Monetary hegemony • Money • Trade wars • US-China Trade War • Yuan
Union Finance Ministry has further extended deadline on imposing import duty hike on 29 products, imported from United States (US) by 45 days till September 18, 2018 from earlier August 4, 2018. This decision for extension of retaliatory measures for another 45 days was taken based on suggestion of Union Commerce Ministry. It also comes ..
United States has slapped stiff 25% tariff on US $50 billion worth of Chinese goods. It has accused China of intellectual property (IP) theft and unfair trade practices. This decision has triggered full-fledged trade war between world’s two largest economies. Key Facts The tariffs will be applied in two waves. The first will apply to ..
Month: Current Affairs - June, 2018