Context: Bangladesh has sealed a bailout agreement with IMF to boost its cash strapped economy. Reasons for seeking Bailout from IMF IMF helps countries in following ways Conditionalities of IMF Bailout Issue with IMF conditions Does the IMF charge for its loans? All IMF […]
Context: The World Bank confirmed Ajay Banga was selected as its next president on Wednesday, taking charge at a pivotal time for the development lender as it looks to better address climate change. The Bank’s board voted to approve his leadership for a five-year […]
Context: India accounts for more than 70% of the seaborne supplies of the grade so far this month and China for about 20%. In February 2023, Russia surpassed Saudi Arabia to become the second biggest exporter of crude oil to India in FY23 (Iraq […]
Changes to LRS Issues with the new rule: Need for changes: Along with change in LRS rules, Finance minister increased tax collection at source for foreign remittances to 20%. These measures were aimed to curb remittances outflows:
What are FTAs? Stages of Trade Integration Early Harvest Package How is CECA/CEPA different from FTA? Rationale for signing Free Trade Agreements How is India placed globally in terms of its bilateral PTAs/FTAs/ CECAs/CEPAs? List of FTAs Signed By India Are there provisions for […]
Context: Reserves have fallen from an all-time high of $645 billion in October 2021 to $575.27 billion in February 2023. However, India’s forex reserves increased by $6.306 billion to $584.755 billion for the week ended April 7. What are Foreign Exchange Reserves? Composition of […]
Context: Textile and apparel exports contracted 14% in 2022-2023 compared with the previous year. At $41.3 billion in exports in 2021-2022, textiles and apparel constituted 9.79% of total goods exports. However, in 2022-2023, the segment recorded exports of $35.5 billion and constituted just 7.95% […]
Context: The article reflects that everything is not well in the Communist Party of India (Maoist) which, besides waging an armed struggle to capture political power, also claims to fight for gender equality. The Maoists profess discipline and integrity, but exploitation of women in […]
Context: Ministry of Commerce has unveiled a New Trade Policy, 2023. About Foreign Trade Policy (FTP): Foreign Trade Policy – 2015-2020: Goals: Objectives: Features: Why do we need a new Trade policy? New Trade Policy 2023: Target: to take India’s exports to 2 trillion […]
Aim of the TTC Why is it Needed? Format: Way Forward: