World economy: Current Affairs, GK & News - 2020-2021
India becomes largest remittance-receiving country in world in 2017
Published: May 13, 2018
According to the report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’, India has become the largest remittance-receiving country in the world in 2017, with migrant workers from the country sending home 69 billion US dollars. The remittances to the Asia-Pacific region amounted to 256 billion dollars last year. In 2017, India ..
India ranked at 11th position in Foreign Direct Investment (FDI) Confidence Index 2018
Published: May 6, 2018
India has been ranked at 11th position in the Foreign Direct Investment (FDI) Confidence Index 2018 of global consultancy firm A T Kearney. It is the first time since 2015 that India has been pushed out of the top 10. Though, India remains among the top investment destinations due to its market size and rapid ..
Government Enters into Agreement with World Bank on Biotech
Published: April 29, 2018
The Government of India (GoI) has entered into a legal agreement with the World Bank for a flexible financing arrangement to accelerate research towards early development for biopharmaceuticals. A Statement issued by the government said the mission has been approved at a cost of 250 million dollars for five years with 50 per cent funding ..
Topics: Biotechnology • Economy • International Bank for Reconstruction and Development • International finance institutions • Multilateral development banks • Organizations • Pharmaceutical industry in India • United Nations Development Group • World Bank • World economy
Trade Facilitation Agreement
Published: April 7, 2018
The government had approved a proposal to notify the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO) in February, 2016. The proposal regarding ratification and acceptance of the instrument of acceptance of protocol of TFA to WTO Secretariat was also approved by the Union Cabinet. National Committee on Trade Facilitation Government also decided ..
Topics: Bali Package • Economy • Foreign direct investment • International Relations • International Trade • Tariff • TFA • Trade facilitation • World economy • World government • World Trade Organization
New Delhi hosts Informal World Trade Organisation (WTO) ministerial meeting
Published: March 19, 2018
The two-day Informal World Trade Organisation (WTO) ministerial meeting has started in New Delhi on March 19, 2018. Representatives from 50 countries are participating in the meet. The informal meeting is expected to provide an opportunity to engage in free and frank discussions leading to political guidance on some of the major issues, both at ..