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India and China agree roadmap for addressing Trade Imbalance
The eleventh session of the China-India joint-group on Economic Relations, Trade, Science & Technology was held in New Delhi. The session was co-chaired by Union Minister of Commerce & Industry Suresh Prabhu and China’s Minister of Commerce Mr. Zhong Shan. ..
Month: Current Affairs - March, 2018
Government releases Draft policy on Defence Production
The Ministry of Defence has released draft policy on defence production that aims to make India one of the top five manufacturers of defence platforms with active participation of public and private sectors. The ministry has sought comments and suggestions ..
Month: Current Affairs - March, 2018
MCX launches world’s first brass futures contracts
India’s largest commodities exchange platform, Multi Commodity Exchange of India Limited (MCX) launched world’s first brass futures contracts. It will facilitate brass stakeholders to hedge their price risk. MCX Brass futures will be the first non-ferrous contract with compulsory delivery ..
Month: Current Affairs - March, 2018
44 African countries sign agreement to establish African Continental Free Trade Area
The 44 African countries from total 55 members of African Union (AU) have signed agreement to create African Continental Free Trade Area (AfCFTA), one of the world’s largest free trade blocs. The agreement was signed at a summit held in ..
Month: Current Affairs - March, 2018
Government scraps export duty on sugar
The Central Board of Excise and Customs (CBEC) under Ministry of Finance has scrapped export duty of 20% on raw and refined sugar to boost shipments. The removal of export duty will help to export excess sugar output in India ..
Month: Current Affairs - March, 2018
Government to set up Plastic Park in Jharkhand‘s Deoghar District
The Union Ministry of Chemicals & Fertilizers has approved proposal of setting up of Plastic Park in Deoghar District, Jharkhand. The project will be set up at cost of Rs.120 crores in an area of 150 acres. Moreover, it will ..
Month: Current Affairs - March, 2018
New Delhi hosts 2018 Festival Of Innovation And Entrepreneurship (FINE)
President Ram Nath Kovind has inaugurated the 2018 Festival Of Innovation And Entrepreneurship (FINE) at Rashtrapati Bhavan in New Delhi on March 19. It is organised by the President’s Secretariat in association with Department of Science & Technology/National Innovation Foundation-India. ..
Government imposes anti-dumping duty on Ofloxacin import from China
The Revenue Department in the Finance Ministry has imposed anti-dumping duty on import of ‘Ofloxacin’, a pharma product used in treatment of certain infections from China. It was imposed for three years following recommendations of Directorate General of Anti-Dumping and ..
Month: Current Affairs - March, 2018
Pune tops in urban governance: ASICS 2017 report
Pune was ranked first among 23 cities across India in terms of quality of urban governance in the fifth edition of Annual Survey of India’s City-Systems (ASICS) 2017 report released by Bengaluru-based non-profit organisation, Janaagraha. ASICS 2017 The objective of ..
Month: Current Affairs - March, 2018
India ranks 78th on WEF Energy Transition Index
India was ranked at 78th among 114 countries on World Economic Forum’s (WEF) Energy Transition Index (ETI) released as part of report titled Fostering Effective Energy Transition. The index ranks countries on how well they are able to balance energy ..