GlobalTrade Archives - Universal Group Of Institutions

16Dec 2024

Eastern Maritime Corridor Enhances India-Russia Trade Efficiency

Why in the news? The Eastern Maritime Corridor, connecting Chennai and Vladivostok, has significantly reduced shipping time and costs, boosting trade between India and Russia. It facilitates quicker transport of key commodities, especially crude oil, strengthening bilateral economic and strategic ties. Significance of the Eastern Maritime Corridor: The Eastern Maritime Corridor connects Chennai to Vladivostok, …

22Nov 2024

UGI USER
DiplomaticRelations EconomicGrowth EconomicPartnership ForexReduction GlobalTrade IndiaMaldives LocalCurrency RegionalCooperation
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India-Maldives Pact to Boost Local Currency Transactions

Why in the news? RBI and Maldives Monetary Authority signed an MoU to promote using Indian Rupee and Maldivian Rufiyaa for cross-border transactions, enhancing trade and deepening economic ties. MoU Between RBI and Maldives Monetary Authority: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU). The …

22Nov 2024

UGI USER
BilateralTreaty EconomicGrowth ForeignInvestment GlobalTrade IndiaUAE InvestmentProtection InvestorRights TradeRelations
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India-UAE Bilateral Investment Treaty : Balancing Investors Protection

Syllabus: GS 2: India and its neighbourhood relations Bilateral , Regional and Global Agreements involving India Why in the News? The recently published India-UAE Bilateral Investment Treaty (BIT) showcases India’s updated investment treaty practices, influencing its negotiations with the UK and EU. This treaty replaces the 2014 agreement and signals evolving policies. India’s Model Bilateral …

20Nov 2024

UGI USER
CarbonBorderAdjustment CarbonEmissions ClimateAction ClimateChange Environment EUCABM GlobalTrade GreenEconomy PolicyInsights Sustainability UPSCPrep
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EU’sCarbon Border Adjustment Mechanism (EU-CBAM)

Syllabus: GS 3: Environment Why in the News? European Union’s Carbon Border Adjustment Mechanism (EU-CBAM) has generated global controversy, particularly at COP29 in Baku, as developing countries, including India, condemn it as discriminatory. Introduction European Union’s Carbon Border Adjustment Mechanism (EU-CBAM) has stirred a global debate on protectionist measures veiled as climate action. Framed …

08Nov 2024

Titanium Production Boost: India-Kazakhstan Joint Venture Established

Why in the news? Indian Rare Earths Limited and Kazakhstan’s UKTMP JSC formed IREUK Titanium Limited to produce titanium slag, enhancing India’s strategic titanium resources for industrial, defence, and healthcare applications. Titanium Production in India: A New Joint Venture Indian Rare Earths Limited (IREL) has partnered with Kazakhstan’s Ust-Kamenogorsk Titanium and Magnesium Plant JSC to …

04Oct 2024

UGI USER
ExportsGrowth GlobalTrade GoodsDecline IndiaExports IndianEconomy ServiceSector TradeBalance
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India’s service exports surge amid goods decline

Syllabus: GS-3: Planning ,Government Budgeting, Fiscal Policy ,Monetary Policy Focus: India’s services exports are on track to temporarily exceed goods exports, marking a significant shift in the country’s export landscape. This trend highlights the resilience and growth potential of the Indian services sector amidst global economic challenges. Current Export Trends: India’s goods exports fell in …

01Oct 2024

UGI USER
AgricultureEconomy ExportPolicy FoodSecurity GlobalTrade IndiaAgriculture IndiaRiceProduction NonBasmatiRice RiceExports
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India Lifts Non-Basmati Rice Export Ban Amid Rising Production

Why in the news? The Indian government lifted its export ban on non-basmati white rice due to higher production, easing market restrictions, while concerns remain over possible domestic price increases. Why was the export ban lifted? The export ban was imposed last year due to a slight dip in rice production and concerns about erratic …

25Sep 2024

UGI USER
Export2025 GlobalTrade IndianManufacturing LocomotiveExport MakeInIndia MarhowraPlant RailwayIndustry
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Marhowra Plant to Export Locomotives by 2025

Why in the news? The Marhowra plant, a joint venture between Indian Railways and Wabtec, will start exporting Evolution Series locomotives to Africa in 2025, boosting India’s manufacturing capabilities. Expansion of Marhowra Plant: Joint Venture: Wabtec Locomotive Private Limited, a collaboration between Indian Railways and Wabtec, is enhancing the Marhowra plant’s capabilities. Export Plans: The …

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