GlobalTrade Archives - Universal Group Of Institutions

17Jan 2025

Rupee Devaluation: Causes, Impacts, and Policy Challenges

Syllabus: GS-3: Fiscal Policy, Monetary Policy, Capital Market Focus: The Indian rupee has recently experienced sharp devaluation due to rising capital outflows, increasing import costs, and a shift in RBI’s exchange rate policy, raising concerns about inflation, export competitiveness, and economic stability in a global context of financial uncertainties. Understanding Exchange Rate Dynamics: Exchange Rate …

03Jan 2025

UGI USER
Diplomacy EconomicGrowth EnergyCollaboration Geopolitics GlobalTrade IndiaForeignPolicy IndiaGCCRelations StrategicPartnerships
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India Strengthens Strategic Ties with GCC Nations

Why in the news? India is enhancing its multifaceted relationship with GCC nations, focusing on trade, energy security, defence, and emerging technologies. The India-GCC Joint Action Plan (2024-2028) emphasizes strategic partnerships, including space exploration, nuclear energy, and green hydrogen initiatives. Economic and Trade Ties: The Gulf Cooperation Council (GCC) is India’s largest trading bloc, with …

28Dec 2024

GCC Strengthens Strategic Ties with India and Region

Why in the news? The Gulf Cooperation Council (GCC), a key energy bloc, maintains strong economic ties with India, highlighted by substantial trade and expatriate remittances, emphasizing its role as India’s largest regional partner and a strategic ally in global dynamics. India-GCC Bilateral Relations India and the GCC share strong economic ties, with bilateral trade …

24Dec 2024

UGI USER
Geopolitics GlobalTrade history InternationalRelations Logistics MaritimeTrade Panama PanamaCanal Shipping Sovereignty USHistory WorldTrade
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Panama Canal’s Strategic Importance and Control History

Why in the news? The Panama Canal continues to be vital for global trade, with recent discussions about its geopolitical significance and U.S. interest in regaining control. Overview of the Panama Canal: A 40-mile-long man-made waterway linking the Atlantic and Pacific Oceans. Completed in August 1914 by the United States. One of the world’s most …

24Dec 2024

UGI USER
DevelopingCountries GATT GlobalTrade InternationalTrade TradeMultilateralism TradePolicy TradeReform WTO WTOReform
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The GATT-ification of the WTO: Reversing International Trade Multilateralism

Syllabus: GS – 3– Global trade , Role of WTO , Bilateral relations between countries Focus : This article examines the decline of the World Trade Organization (WTO) as a robust multilateral trade referee, highlighting the persistent paralysis of its Appellate Body, the shift in global power dynamics with China’s rise, and the resurgence of …

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 …

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