Trade wars
United Nations: Consensus Resolution for equitable access to future vaccines
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 ..
Month: Current Affairs - April, 2020
GoI to launch “TILHAN Mission” to make India Self Reliant in oil seed Production
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 ..
Month: Current Affairs - February, 2020
Economic Survey suggests “Assemble In India Model” to create 80 million jobs
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 ..
Month: Current Affairs - February, 2020
US labels China a Currency Manipulator
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 ..
Government extends deadline for imposing duty hike on 29 US products by 45 days
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 ..
Month: Current Affairs - August, 2018
US slaps 25% tariff on $50 billion worth of Chinese goods
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. ..
Month: Current Affairs - June, 2018
US challenges India’s export subsidy programmes at WTO
The US Trade Representative (USTR) has challenged Indian export subsidy schemes at World Trade Organisation (WTO), saying these programmes harm its manufacturing sector and workers by creating an uneven playing field. Key Facts According to USTR, at least half a ..
Month: Current Affairs - March, 2018
US move to raise import duty on steel may hit India’s steel market: ISA
According to Indian Steel Association (ISA), proposal by Trump administration to levy steep tariff on steel imports may hit India’s domestic steel market. Recently, US had proposed to impose tariffs of 25% on steel imports and 10% on imported aluminium ..