India’s Rice Exports Remain Resilient Despite Curbs in 2024 Sub : Eco Sec: External sector Why in News? India’s rice exports have remained steady in 2024 despite temporary curbs earlier in the year. The surge in premium basmati rice shipments balanced the decline in non-basmati rice exports, helping India maintain its position as […]
Government Partially Lifts Sugar Export Ban, approves 1 Million Tonnes export Sub : Eco Sec : External sector Why in News? The Union Government has partially lifted the ban on sugar exports, allowing 1 million tonnes of sugar to be exported for the 2024-25 season, which ends in September 2025. This decision is […]
The Impact of H-1B Visas on the U.S. Tech Industry Sub : Eco Sec : External sector Why in News? The H-1B visa program has resurfaced as a contentious topic with President-elect Donald Trump appointing Sriram Krishnan, an Indian immigrant, as Senior Policy Advisor on Artificial Intelligence (AI). Heated debates have erupted regarding […]
Delhi HC Calls CBIC to reassess the Gold Limits under Baggage Rules Sub: Eco Sec: External sector Why in the News? The Delhi High Court has asked the Central Board of Indirect Taxes and Customs (CBIC) to revisit the permissible limits for carrying gold under the Baggage Rules, 2016, citing that current limits […]
Why Protesting Farmers in Punjab Want India to Withdraw from WTO Sub: Eco Sec: External sector Why in News? Farmers protesting at Punjab and Haryana borders demand India’s withdrawal from the WTO and suspension of agreements under the Agreement on Agriculture (AoA). They argue that WTO policies are biased against developing countries, threatening […]
China’s Trade Surplus Nears $1 Trillion: Key Takeaways from export surge Sub: Eco Sec: External sector Why in News? China reported a record trade surplus of $992.2 billion for 2024, driven by robust export growth despite global economic challenges. The report comes just before Trump assumes office as US President, raising concerns about […]
RBI Announces Measures to Boost Cross-Border Transactions in Rupee Sub: Eco Sec: External sector Why in News? The Reserve Bank of India (RBI) has announced liberalised norms to encourage the use of the Indian Rupee (INR) for cross-border transactions, coinciding with the rupee’s depreciation to a record low of ₹86.70/USD. Context: These steps […]
Impacts of Rupee Weakening and RBI’s Exchange Rate Policy Sub: Eco Sec: External sector Why in News? The Indian rupee recently depreciated significantly, reaching a record low of ₹86.70 per dollar. The Reserve Bank of India (RBI) has reverted to its managed-floating exchange rate regime, allowing controlled depreciation to address capital outflows and […]
Decoding India’s Growth Slowdown Sub: Eco Sec: National Income Why in News? The National Statistics Office (NSO) released the first advance estimates of India’s GDP for 2024-25, indicating a decline in real GDP growth to 6.4%, lower than the previous year’s 8.2%, which highlight concerns about economic slowdown, data reliability, and the effectiveness […]
Steep Revisions in India’s Import Data Spark Concerns Sub : Eco Sec: External sector Why in the News? The Directorate General of Commercial Intelligence and Statistics (DGCIS) has significantly revised India’s import data for November 2024 and the cumulative tally from April-November 2024, leading to a downward adjustment of $14 billion in total […]