Trade wars

United Nations: Consensus Resolution for equitable access to future vaccines

April 21, 2020

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 ..

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GoI to launch “TILHAN Mission” to make India Self Reliant in oil seed Production

February 20, 2020

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 ..

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Economic Survey suggests “Assemble In India Model” to create 80 million jobs

February 1, 2020

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 ..

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US labels China a Currency Manipulator

August 7, 2019

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

August 6, 2018

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 ..

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US slaps 25% tariff on $50 billion worth of Chinese goods

June 16, 2018

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. ..

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