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Syllabus: GS-2: Bilateral Groupings & Agreements , Effect of Policies & Politics of Countries on India’s Interests , Indian Diaspora , Groupings & Agreements Involving India and/or Affecting India’s Interests Focus: Trump’s recent tariff policies, focusing on China, have opened a unique opportunity for India to address its economic stagnation by initiating much-needed reforms in …
Read MoreWhy in the News ? U.S. President Donald Trump announced sweeping reciprocal tariffs on global trade partners, including a 27% duty on Indian exports. Despite ongoing trade talks, India was not spared, prompting muted official responses while global markets reacted with sharp declines and concern. About Trump’s Tariffs and Impact on India: S. President Donald …
Read MoreWhy in the News ? The Indian government has scrapped the equalisation levy on digital ads, easing taxation on global tech firms like Google and Meta. The move aligns with U.S. trade negotiations, amid pressure to reduce tariffs before the April 2 deadline. Equalisation Levy and Its Impact: Introduced in 2016, the equalisation levy imposed …
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