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U.S. SECTION 301 TARIFFS: INDIA GAINS RELATIVE ADVANTAGE OVER COMPETITORS Why in the News? New U.S. Tariffs: The United States has imposed a new round of Section 301 tariffs under the U.S. Trade Act, 1974 on around 60 countries, citing imports of goods produced through forced labour. India in Favourable Group: India has been placed …
Read MoreJammu and Kashmir Emerges Export Preparedness Leader Why in the News? Jammu and Kashmir secured second rank among Small States, Northeastern States and Union Territories in Export Preparedness Index (EPI) 2024 released by NITI Aayog, marking a sharp improvement from 17th rank in 2022 and reflecting strong export-focused reforms. This progress demonstrates the region’s commitment …
Read MoreRupee Stability Demands Export-Led Economic Rebalancing Why in the News? Despite high GDP growth, low inflation, and a manageable fiscal deficit, the Indian rupee has emerged as Asia’s worst-performing currency. Falling FDI, sustained FPI outflows, and a widening trade deficit have raised concerns about India’s overdependence on volatile capital inflows to stabilise its currency. India’s …
Read MoreCabinet Approves Credit Guarantee Scheme for Exporters Why in the News ? The Union Cabinet has approved a Credit Guarantee Scheme for Exporters under the Export Promotion Mission (EPM). Prime Minister Narendra Modi stated that this will enhance global competitiveness, strengthen supply chains, and promote self-reliance and job creation in India’s export sector. The scheme …
Read MoreIndia’s Exports Face Heavy US Tariffs Why in the News? The US has enforced 50% tariffs on India’s exports from August 27, 2025, including an additional 25% penalty tariff linked to India’s Russian oil imports. This move, reminiscent of Trump-era trade policies, is expected to impact 55% of India’s US-bound shipments, worth nearly $47–48 billion, …
Read MoreWhy in the News ? The Ministry of Mines has released guidelines to establish Centres of Excellence under the National Critical Mineral Mission, aiming to boost research and technology in critical minerals essential for clean energy, mobility, electronics, defence, and space sectors. Strengthening Critical Mineral Research: The Ministry of Mines has issued fresh guidelines for …
Read MoreWhy in the News ? Union Minister Jitendra Singh praised India’s first indigenous hydrogen-powered sea vessel as a landmark public-private collaboration. The project reflects India’s push for self-reliance in clean energy technology, supported by CSIR’s New Millennium Indian Technology Leadership Initiative (NMITLI). Historic Milestone in Marine Innovation: India unveiled its first indigenously developed hydrogen-powered …
Read MoreWhy in the News ? The 6th India-Uzbekistan joint military exercise ‘DUSTLIK-6’ has begun at Pune’s Foreign Training Node. This annual event strengthens defence ties and focuses on sharing tactics for joint sub-conventional operations. The exercise will continue until April 28, 2025. Participating Forces: The Indian contingent includes 60 personnel from the JAT Regiment and …
Read MoreWhy in the News ? India’s total exports of goods and services grew by 5.5% in FY 2024-25, reaching a historic $820.93 billion despite global uncertainties. Merchandise exports and non-petroleum shipments showed positive trends, though trade deficit widened due to higher imports. Export Growth Overview: India’s total exports (goods & services) grew by 5% in …
Read MoreWhy in the news? India has mandated testing and sampling of Ethylene Oxide residue for all spice shipments to Singapore and Hong Kong from May 7, 2024. This follows reports of spice product recalls, ensuring safety and quality in Indian spice exports. source:Resarchgate About Ethylene Oxide (ETO): Usage: ETO is an insecticide used as a …
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