Subject: Economy Context: The Centre is working on a plan to restrict the number of fertiliser bags that individual farmers can buy during any cropping season. Concept: Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them. The difference between the retail price and […]
Subject: Economy Context : India’s joint proposal with South Africa at the World Trade Organisation for a temporary waiver of certain Trade Related Intellectual Property Rights obligations to ensure smooth supply of medicines and vaccines during the Covid-19 pandemic. It has gained support from most developing countries while several developed members, including the US, Australia […]