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Why in the News ? The US imposed a 10% tariff on imports from Australia-governed Heard and McDonald Islands, which have no trade activity. Experts are puzzled, calling it symbolic or erroneous, given the islands’ ecological value and status as a protected nature reserve. Background and Geopolitical Context: The US President recently imposed a 10% …
Read MoreWhy in the News ? Donald Trump argues that the strong U.S. dollar worsens trade deficits and shifts manufacturing abroad. There is speculation about a “Mar-a-Lago Accord”, similar to the 1985 Plaza Accord, to devalue the dollar and boost U.S. exports. Trump’s Concerns Over the Strong Dollar: Donald Trump has long argued that the overvalued …
Read MoreSyllabus: GS-2: Inclusive Growth , Growth & Development , Government Policies & Interventions GS-3: Conservation Focus: Recent economic data and policy discussions have highlighted concerns about India’s consumption-driven growth model. Experts emphasize the need for higher investment in infrastructure, manufacturing, and innovation to achieve long-term economic expansion, learning from China’s investment-led growth strategy. Understanding Economic …
Read MoreWhy in the news? Government Review: Sovereign Gold Bond (SGB) Scheme may be discontinued due to high fiscal financing costs. Policy Alignment: Budget 2024-25 reduced gold import duty, achieving the objective of boosting gold demand, initially addressed by SGBs. Market Adjustment: No SGB issuances have been made in the current financial year despite budget allocation …
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