Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? Financial assistance for a total of 40 export infrastructure projects has been approved since the implementation of Trade Infrastructure for Export Scheme (TIES) since 2017-18. About Trade Infrast...
Preliminary > Security > Miscellaneous > External sector
Why in news? According to Stockholm International Peace Research Institute’s (SIPRI) ‘Trends in International Arms Transfers’ 2022 report, India remained the world’s largest arms importer fr...
Preliminary > Environment and Ecology > Miscellaneous > External sector
Why in news? The BASIC group, comprising India, China, Brazil and South Africa, issued a joined statement against Carbon Border Adjustment Mechanism, as it could result in market distortion and aggravate the trust ...
Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? Recently, the Reserve Bank of India (RBI) has signed an agreement to extend up to a USD 200 million currency swap facility to Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework. ...
Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? The Department of Commerce has decided to expand the scope of the Remission of Duties and Taxes on Exported Products(RoDTEP) Scheme to include iron & steel, chemicals and pharmaceuticals. Abou...
Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? RBI has allowed the opening of nine special vostro accounts in two Indian Banks for the settlement of payments in rupee for trade between India and Russia. Russia’s two largest banks — Sb...
Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? India's foreign exchange (forex) reserves declined to USD 524.5 billion. Reserves are at their lowest levels since July 2020. Since last year, reserves have declined by USD 115 billion. About ...
Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? India’s Foreign Exchange Reserves declined to USD 553.1 billion in the week ended September 2, their lowest since October 2020 and down by USD 8 billion from the previous week. Reasons behin...
Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? Recently, Central Board of Indirect Taxes and Customs (CBIC) issued a circular, stating that custom officers should be sensitive in applying CAROTAR (Customs Administration of Rules of Origin under Tra...
Mains > Economic Development > Indian Economy and issues > External sector
IN NEWS: India received 87 billion dollars in remittances in 2021, the top remittance recipient, and way ahead of countries like China and Mexico, according to a World Health Organisation report. REMITTANCE: ...
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