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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 ..