China’s share in India’s industrial goods imports jump to 30% from 21% in last 15 years: GTRI Sub: Economy Sec: External Sector Context: Beijing’s share in New Delhi’s imports of such goods rose to 30% from 21% in the last 15 years. More on news: As per the report of the economic think […]

    Why Indian agriculture may need a new export-import policy Subject: Economy Sec: External sector Context: India’s agricultural exports fell 8.2% in the fiscal year ended March 31, 2024 on the back of shipment curbs on a host of commodities, from cereals and sugar to onions. More on news: The value of farm exports […]

    Trade dispute with India over sugar subsidies Subject: Economy Sec: External sector Issue Raised by U.S. and Australia: Allegation: India’s sugarcane subsidy breaches WTO norms. Concern: Distortion of global trade due to excessive subsidy. Contentions Presented: Submission: Paper to WTO’s Committee on Agriculture. Data Analysis: Four-year period (2018-19 to 2021-22). Claim: India’s sugar […]

    Why Vietnam wants US to change its ‘non-market economy’ status Subject: Economy Sec: External Sector Tag: non-market economy Context: Vietnam has been pushing the President Joe Biden administration to quickly change its “non-market economy” classification to “market economy”, in a bid to avoid high taxes imposed by the US on the goods imported […]

    Why electric vehicles are at the heart of trade frictions between China and Europe Subject: Economy Sec: External sector Context: Chinese President Xi Jinping on Sunday arrived in France on a state visit hosted by Emmanuel Macron where the French leader will seek to push his counterpart on issues ranging from Ukraine to […]

    RBI’s Provisioning Norms Affect PSU Banks and Infrastructure Financers Subject: Economy Sec: Monetary Policy Tag: RBI’s Provisioning Norms What Happened: The Reserve Bank of India (RBI) proposed tighter norms for project financing, recommending increased standard asset provisioning of up to 5% on loans. This move is anticipated to result in additional provisioning of […]

    Inheritance Tax: A Tool for Reducing Inequality Subject: Economy Sec: Fiscal Policy Tag: Inheritance Tax, Inequality Introduction: Sam Pitroda’s suggestion of implementing an inheritance tax for wealth redistribution has sparked debates. This article advocates for progressive taxes to address high inequality. Impact of Inequality: Inequality undermines democratic decision-making by concentrating power in the […]