GS-3, Uncategorized

Gulf remittances fall 2.2%, offset by slide in oil imports

The Hindu News: Remittances from the Gulf nations to India declined for the first time in six years due to sliding oil prices, according to a Crisil report. It fell by 2.2 per cent in 2015-16 but the slide had also resulted in a contraction of oil imports, which offset the drop. “Falling oil prices… Continue reading Gulf remittances fall 2.2%, offset by slide in oil imports

GS-2, International Relations, Uncategorized

Oil-for-drugs deal likely with crisis-hit Venezuela

The Hindu Some time back India came up with new system of payment to venezuela. Now India is trying to make the trade smooth by using the system of barter. News: India has proposed an oil-for-drugs barter plan with cash-strapped Venezuela to recoup millions of dollars in payments owed to some of India’s largest pharmaceutical… Continue reading Oil-for-drugs deal likely with crisis-hit Venezuela

GS-2, Indian Economy, Uncategorized

All you need to know about the new IPR Policy

Article Link Finance Minister Arun Jaitley recently released India’s new National Intellectual Property Rights (IPR) Policy. The Policy which is in compliance with WTO’s (World Trade Organisation) agreement on TRIPS (Trade Related aspects of IPRs), aims to sustain entrepreneurship and boost ‘Make in India’ scheme. It also aims to create awareness about economic, social and… Continue reading All you need to know about the new IPR Policy

Editorials, GS-3, Indian Economy, Uncategorized

‘Make in India’ not at cost of IPR: US

The US Trade Representative’s annual Special 301 report, that identifies trade barriers to U.S. companies and products due to a foreign government’s intellectual property regime, has placed India on the Priority Watch List, the same as last year. What is special 301 report? Under Section 301 of US Trade Act, the office of US Trade… Continue reading ‘Make in India’ not at cost of IPR: US

Editorials, GS-3, Indian Economy, Uncategorized

Sensitise States, don’t intimidate them

Article Link The finance ministry is preparing a model Centre-State Investment Agreement (CSIA), for effective implementation of the Bilateral Investment Treaty it is set to sign with other countries. The draft will shortly be presented to the Cabinet for approval. What are BITs? BITs protect investments made by an investor of one country into another… Continue reading Sensitise States, don’t intimidate them

GS-3, Uncategorized

The importance of IP rights for innovation

Context Piracy is a problem all over the world, original content created by the innovators is being distributed in this digital age where data is distributed all over the internet and is rampant Why India and US have a relationship in IP rights Indian movie production companies and software development companies have made a mark… Continue reading The importance of IP rights for innovation

GS-3, Indian Economy, Uncategorized

Trading charges

Article Link In February, 2016, U.S. President Barack Obama signed the Trade Facilitation and Trade Enforcement Act of 2015. The focus of the law is to enhance enforcement of IPR over the U.S.’s trading partners. It introduces important measures relating to intellectual property rights (IPR) issues. This law is expected to impact India’s ability to… Continue reading Trading charges

Editorials, Environment, GS-3, Uncategorized

Why the WTO is right in the solar panel dispute

Article Link A World Trade Organization (WTO) panel has ruled against India in a dispute raised by the US over the country’s solar power programme, requiring the government to offer a level playing field to both foreign and domestic manufacturers of solar panels. The panel found that the domestic content requirement imposed under India’s national… Continue reading Why the WTO is right in the solar panel dispute

GS-3, Indian Economy, Uncategorized

Economic integration and different types of trade agreements

What is economic integration & why go for it? Economic integration refers to trade unification between different states by the partial or full abolishing of customs tariffs on trade taking place within the borders of each state. The objective of this integration is to increase the combined economic productivity of the countries – easier access… Continue reading Economic integration and different types of trade agreements