PLI and FTAs to Give Fillip to Manmade Fibre Textile Exports The Indian government’s recent initiatives focusing on the Production Linked Incentive (PLI) scheme and Free Trade Agreements (FTAs) have set the stage for a substantial boost in the export of manmade fibre textiles. This strategic move aims to fortify the nation’s position in the…
India-Bound Ship Hijacked by Yemen’s Houthi Rebels in Red Sea The recent hijacking of an India-bound ship by Yemen’s Houthi rebels in the Red Sea has sparked concerns globally. The vessel, carrying crucial cargo, was en route to India but was intercepted and commandeered by the rebels. This alarming incident has raised security apprehensions and…
DGFT Forecasts Explosive Growth in Indian E-commerce Exports, Aiming for $200 Billion in 6-7 Years The Directorate General of Foreign Trade (DGFT) has recently projected a monumental surge in India’s e-commerce exports, setting an ambitious target of reaching $200 billion within the next 6-7 years. This revelation comes as a testament to the expanding landscape…
Positive Trends in India’s Exports During April-October 2023: Netherlands, UK, and Australia are Key Drivers India’s export sector has exhibited remarkable growth during the period from April to October 2023, showcasing encouraging trends and significant advancements. The country’s export performance, particularly in key markets like the Netherlands, UK, and Australia, has emerged as a substantial…
Understanding the Renminbi: China’s Currency Dynamics China’s currency, the Renminbi (RMB), has been a topic of growing significance in global economic discussions. As students preparing for government exams, especially those aspiring to roles in banking, civil services, and international relations, it becomes imperative to comprehend the intricacies of China’s currency system. The Renminbi, abbreviated as…
Indian Government Grants Approval for Non-Basmati Rice Exports The Indian government has recently granted its approval for the export of non-basmati rice, marking a significant development in the country’s agricultural sector. This decision holds immense importance, not only for the agricultural industry but also for the broader Indian economy. Why this News is important: Enhancing…
World Spice Congress – Exploring the Global Spice Industry The world is a diverse and flavorful place, and much of that richness comes from the global spice industry. Spices not only enhance the taste of our food but also hold immense economic significance. In recent news, the World Spice Congress has been a hot topic…
Brajendra Navnit to be India’s Ambassador to WTO for 9 Months The Indian government has appointed Brajendra Navnit as the country’s Ambassador to the World Trade Organization (WTO) for a period of 9 months. This significant decision aims to strengthen India’s representation and engagement in global trade discussions. In this article, we will delve into…
