India to host informal WTO Ministerial gathering in March 2018

India has announced to host informal Ministerial meeting of World Trade Organisation (WTO) in March 2018 in New Delhi to muster support for issues and also help to multi-lateral process. It was announced by Deepak Jagdish Saksena, India’s ambassador and ..

Month: Current Affairs - January, 2018

BRICS nations vow to fight protectionism

India and other four other members of the BRICS grouping members (Brazil, Russia, China and South Africa) have pledged to fight protectionism. Decision in this regard was taken at the two-day meeting of the trade ministers from BRICS nations held at ..

Month: Current Affairs - August, 2017

19th RCEP Trade Negotiating Committee Meeting held in Hyderabad

The 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held in Hyderabad, Telangana. Besides, the 19th round of TNC, parallel meetings were also held by the three main Working ..

Month: Current Affairs - August, 2017

29 September: World Maritime Day

The World Maritime Day is observed across the world on 29 September to highlight the importance of shipping safety, maritime security and the marine environment. Several events are organised to mark this day by the International Maritime Organization (IMO), member ..

Month: Current Affairs - September, 2016

WTO cuts 2016 global trade forecast to 2.8%

The World Trade Organization (WTO) has revised its 2016 global trade updated forecast for 2016 downward by more than one percentage point to 2.8% from 3.9%. The main reasons for cutting the forecast rate is slowdown in China and broad ..

Month: Current Affairs - April, 2016

Economic Dynamics of the Asian Tigers

The term “Asian Tigers” refers to the highly developed economies of Hong Kong, Singapore, South Korea, and Taiwan. These regions are renowned for their rapid industrialisation and economic transformations from the 1960s to the 1990s. Historical Context Post-World War II ..

India’s Foreign Policy and Economic Identity

India’s foreign policy is shaped by its identity as an emerging political economy. As the world’s most populous nation and one of the fastest-growing major economies, India plays role in global affairs. India’s Economic Growth India has consistently demonstrated remarkable ..