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QCI Survey: More than 67% of toys fail to meet the standards
The Quality Council of India (QCI) recently released its survey on imported toys. According to the report, 66.9% of the toys failed the test. Highlights The QCI conducted the testing on toys that were available in the Delhi markets and ..
Month: Current Affairs - December, 2019
GoI to allot six Coal Mines to reduce coal imports
On December 13, 2019, Ministry of Coal initiated the auction process of 27 coal mines. Out of the 27 coal mines, applications were received for 6 mines. It includes mines at Bikram, Brahmapuri, Bhaskarpara, Jagannathpur and Jamkhani. Highlights The mines ..
Month: Current Affairs - December, 2019
Foreign Exchange reserve touches a new high of 451.08 billion USD
According to the weekly data released by the Reserve Bank of India, the foreign exchange reserve touched a new high of 451.08 billion USD. The foreign exchange currency assets include the depreciation or appreciation of the non-US currency like pound, ..
Month: Current Affairs - December, 2019
GST Revenue Collection Report for November 2019
According to a report published by the Ministry of Finance, Gross Goods and Services Tax(GST) revenue collected in November was Rs 1,03,492 crore out of which Central GST (CGST) is around Rs 19,592 crore, State GST (SGST) of Rs 27,144 ..
India International Trade Fair Begins
The 39th India International Trade Fair is to begin in New Delhi on November 14, 2019. Around 25,000 people are expected to visit the fair. Theme: “Ease of Doing Business” The theme is inspired from India’s 63rd rank in the ..
Month: Current Affairs - November, 2019
GoI releases Steel Scrap Recycling Policy
The National Steel Policy that was released on November 8, 2019 aims at developing globally competitive steel industry. It aims at creating 300 million tons of steel per annum by 2030. The policy was released by Ministry of Steel Objectives ..
Month: Current Affairs - November, 2019
Govt Plan to Curb Special Steel Imports
The Ministry of Steel is working on a proposal to impose quality control regulations on tinplate and tin-free steel. The Ministry of Steel is planning to mandate foreign tinplate suppliers to adhere to BIS standards. Mandating impost to be in ..
Did India Over-Estimate its Growth Rate?
In a research paper India s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications former chief economic advisor Arvind Subramanian has claimed that India s economy grew at a much slower pace between 2011-12 and 2016-17 (at about 4.5%) than the ..
India’s exports to China set to touch Record High
India’s export to China is expected to reach an all-time high in the financial year 2018-19. Increase in Exports The increase in the exports to China is attributed to US-China trade spat creating new opportunities for exporters and Beijing removing ..
Month: Current Affairs - February, 2019
Government developing National Logistics Portal
Union Ministry of Commerce and Industry is developing National Logistics Portal is to ensure ease of trading in international and domestic markets. The portal will link all stakeholders of EXIM (export and import), domestic trade and movement and all trade ..