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Syllabus: GS-2: International Treaties & Agreements, Government Policies & Interventions GS-3: Inclusive Growth, Government Policies & Interventions, Effect of Policies & Politics of Countries on India’s Interests Focus: US President Donald Trump has proposed reciprocal tariffs, ensuring the US imposes the same tariffs on imports as other countries impose on US exports. This challenges existing …
Read MoreSyllabus: GS-2: Global Groupings Focus: The U.S. administration has halted foreign aid and scaled back personnel at the U.S. Agency for International Development (USAID), placing a 90-day pause on assistance programs. This move raises concerns about its impact on global development projects, humanitarian aid, and economic stability in several countries, particularly in the Global South. …
Read MoreSyllabus: GS 2: India and its neighbourhood couuntries Why in the News? Recently, United States initiated tariffs on Canada, Mexico, and China to boost federal revenue and address economic concerns, sparking debates on trade wars and potential political implications. Introduction United States has adopted a policy of muscular nationalism, initiating a trade war targeting key …
Read MoreSyllabus: GS – 3- Fossil fuels and their impact , fuel subsidy Focus : This article focuses on the magnitude and types of fossil fuel subsidies, their economic and environmental impacts, and global distribution patterns. It explores challenges in subsidy reduction and proposes strategies such as targeted reforms, carbon taxation, and congestion pricing to ensure …
Read MoreWhy in the news? The International Labour Organization (ILO) released the fourth edition of ‘Global Estimates on International Migrant Workers’, revealing significant contributions of 167.7 million migrant workers to the global economy and analyzing their demographic, sectoral, and geographic trends. Migration Trends and Global Workforce Representation: In 2022, international migrant workers (IMWs) represented 7% of …
Read MoreWhy in the news? Scott Bessent, U.S. Treasury Secretary nominee, emphasized tightening sanctions on Russia’s oil sector to pressure Moscow over the Ukraine war. This move could significantly affect India’s oil imports and efforts to internationalize the rupee. Tighter Sanctions on Russian Oil: Scott Bessent, nominee for S. Treasury Secretary, supports stricter sanctions on Russia’s …
Read MoreWhy in the news? China’s trade surplus surged to $992.2 billion in 2024, fueled by strong exports, particularly in high-value sectors like electric vehicles, batteries, and solar panels. This comes as the nation prepares for potential challenges from international trade policies. Key Points: Strong Export Growth: China’s exports in 2024 rose by 9%, reaching $3.58 …
Read MoreSource: GS-2: Government Policies & Interventions GS-3: Growth & Development Focus: The Indian government has released the First Advance Estimates for 2024-25, showing a slowing GDP growth rate. Real GDP growth has declined to 4.8% CAGR since FY20, highlighting challenges like weak private consumption, sluggish investments, and negative net exports that hinder India’s economic progress. …
Read MoreSyllabus: GS-1: Important Personalities GS-2: Government Policies & Interventions Focus: Dr. Manmohan Singh, former Prime Minister of India, remains a key figure in India’s economic transformation, particularly for his role in liberalizing the economy in the 1990s. His legacy is often revisited due to his visionary ideas on economic reforms, inequality, and public policy. Early …
Read MoreSyllabus: 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 …
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