The Agreement on Safeguards Subject: Economy Section: External Sector Context: India, together with South Korea, China, Japan, Switzerland, Brazil and Turkey, has called for withdrawal of safeguard duties on steel imports imposed by the EU arguing that it was no longer appropriate since the bloc’s imports had already declined. Concept: The EU’s safeguard duties- […]
RBI raising rate Subject: Economy Section : Monetary Policy Why in the news? Former RBI governor Raghuram Rajan said that bureaucrats and politicians need to realise that raising policy rates does not amount to anti-national activity that benefits foreign investors but is an investment in economic stability, whose greatest beneficiary is the Indian […]
Trade Receivables Discounting System (TreDs) Subject: Economy Section : External Sector Why in the news? The Trade Receivables Discounting System (TreDs), a bills discounting platform for MSMEs vendors, has shown some growth in the wake of the pandemic-induced crisis, but is still an under-performer in relation to the unmet credit needs of MSMEs. […]
Countertrade Subject: Economy Section : External Sector Why in the news? Countertrade has emerged as an important mode of international transactions for countries facing currency or cross- border payment challenges. Concept: What? Countertrade is a reciprocal form of international trade in which goods or services are exchanged for other goods or services rather […]
All-India Household Consumer Expenditure Survey Subject :Economy Section :Fiscal policy Context: The All-India Household Consumer Expenditure Survey, usually conducted by the National Statistical Office (NSO) every five years, is set to resume this year after a prolonged break. Concept : All-India Household Consumer Expenditure Survey: The CES is traditionally a quinquennial (recurring every five […]
Export inspection and phytosanitary certification Subject: Economy Section: External sector Context: Though Egypt has included India among the list of nations it buys wheat from, exporters are worried that Cairo’s sanitary and phytosanitary measures, fixed in 2019, could be a big impediment to the shipments. Details: The phytosanitary conditions are country-specific requirements and […]
Pune’s GI tagged Figs exported to Germany Subject: Economy Section: Agriculture Context:For the first time, fresh figs from Purandar taluka of Maharashtra’s Pune district with GI tags have been exported to Europe. The export was facilitated by the Maharashtra State Agriculture Marketing Board (MSAMB) along with the Purandar Highlands Farmers Producers Company (PHFPC). […]
Annual Survey of Industries Subject: Economy Section: National income Context: ASI losing relevance Concept: Annual Survey of Industries (ASI) is conducted by National Statistical Office (NSO). ASI is principal source of industrial statistics in India. ASI, an annual event, not only facilitates suitable data collection based on appropriate sampling techniques but also ensures […]