Subject: Economy Context: Geographical Indication (GI) tag for Basmati produced in 13 districts of Madhya Pradesh has been granted Concept: A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin A geographical indication right enables those who […]
Subject: Economy Context: The Indian currency is trading relatively weaker compared with emerging market peers such as the Brazilian real and the South African rand Concept: Currency appreciation is an increase in the value of currency comparing to another currency. Currency depreciation is an opposite of currency appreciation, it is a fall in the value […]
Subject: Economy Context: Defence Minister has announced a list of 101 items that the Defence Ministry will stop importing Concept: Items in negative list cannot be imported. India has been among the top three defence importers in the world So the government wants to reduce the dependence on imported items in defence and give a shot in the […]