GlobalEconomy Archives - Universal Group Of Institutions

16Dec 2024

Carbon Markets: Challenges, Opportunities, and Global Relevance

Syllabus: GS-3: Conservation , Groupings & Agreements Involving India and/or Affecting India’s Interests Focus: The climate conference in Baku, Azerbaijan, approved standards to establish an international carbon market by next year, reviving discussions on carbon markets as a tool to limit global emissions and combat climate change. Understanding Carbon Markets: Definition: Carbon markets facilitate the …

14Dec 2024

UGI USER
EconomicUpdates FinanceNews GlobalEconomy GlobalTaxation InternationalTaxation MFNClause PolicyChanges SwitzerlandTax TaxAgreements TaxPolicy
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Switzerland Suspends MFN Clause in Tax Agreement

Why in the news? Switzerland suspended the MFN clause in its DTAA with India, citing lack of reciprocity. Effective January 2025, this move could lead to higher taxes on dividends, impacting investments and businesses between the two countries. Suspension of MFN Clause in Tax Agreement: Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double …

03Dec 2024

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BRICS BRICSEconomy CurrencyWar DollarDominance Geopolitics GlobalCurrency GlobalEconomy InternationalRelations TradeTariffs Trump USPolitics
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Trump Threatens BRICS with Tariffs Over Currency Alternatives

Why in the news? US President-elect Donald Trump warned BRICS countries of 100% tariffs if they replace the US dollar, provoking India’s push for rupee internationalization, amid concerns over US financial dominance and the rise of alternative currencies. Trump’s Threat to BRICS Nations: Donald Trump warned BRICS countries (Brazil, Russia, India, China, South Africa) with …

30Nov 2024

OPEC+: Balancing Global Oil Supply and Market Stability

Why in the news? Crude oil prices steadied after a rise in U.S. gasoline stockpiles and the postponement of an OPEC+ meeting, highlighting the alliance’s critical role in stabilizing global energy markets and influencing international economic trends. Overview of OPEC and OPEC+ : OPEC+ is a coalition of 22 oil-exporting countries formed in 2016 to …

07Nov 2024

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EconomicPolicy Geopolitics GlobalEconomy IndiaUSPartnership IndoUSRelations TradePolicies Trumponomics USIndiaTies
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Trumponomics and India: Impacts of Trump’s Economic Policies on Indo-US Relations

Syllabus: GS – 2 – International relations , India-USA relations and impact on India Focus: This article explores the potential impacts of Donald Trump’s economic policies—popularly known as “Trumponomics”—on India, analyzing the effects of trade tariffs, immigration policies, monetary policies, and strategic shifts in the US’s approach to China. By examining Trump’s economic outlook and …

30Oct 2024

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EconomicEquity EmergingMarkets GlobalEconomy GovernanceReform IMFReform InternationalFinance
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The IMF’s Need for Governance Reform

Syllabus: GS-3: Important International Institutions Focus: Calls for IMF governance reform have intensified as emerging economies demand fairer representation, highlighting the imbalance of voting power favouring G7 nations. With rising global debt, climate risks, and protectionism, reform is seen as essential to maintain the IMF’s credibility and effectiveness in addressing global challenges. Why Is IMF …

24Oct 2024

How a Slowdown in China Impacts India

Syllabus: GS-3: Growth & Development Focus: China’s recent economic slowdown, with GDP growth hitting its lowest pace in six quarters, has significant implications for India. This decline has resulted in a sharp fall in Indian exports to China, raising concerns about the long-term effects on India’s trade balance and overall economic stability. Understanding the China’s …

21Oct 2024

SWIFT’s Role in Global Financial Communication Network

Why in the news? SWIFT remains vital for secure global financial transactions, and its exclusion has been increasingly used as an economic sanction, impacting nations’ access to international banking systems. SWIFT Overview: SWIFT, established in 1973, is a global, member-owned cooperative for secure financial communications. Initially founded by 239 banks from 15 countries, it now …

19Oct 2024

India’s Forex Reserves Surpass $700 Billion Milestone

Why in the news? Commerce Minister Piyush Goyal announced India’s forex reserves exceeding $700 billion, highlighting the nation’s economic growth and commitment to sustainable practices during the SHRM India Annual Conference 2024. About India’s Economic Growth and Forex Reserves: Ministerial Announcement: Commerce and Industry Minister Piyush Goyal announced that India’s foreign exchange reserves have exceeded …

05Oct 2024

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CurrentAffairs Economy FinancialNews FPIOutflow Geopolitics GlobalEconomy InvestorConfidence MarketDecline StockMarket WestAsiaTensions
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Market Decline Driven by West Asia Tensions and FPI

Why in the news? Domestic stock markets fell sharply due to concerns over foreign portfolio investor outflows and escalating conflicts in West Asia, impacting investor sentiment and sector performance. Market Decline Due to West Asia Tensions and FPI Concerns: Domestic stock markets fell on October 4, with Sensex dropping 808.65 points (0.98%) to 81,688.45 and …

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