GS-3, Indian Economy, Uncategorized

A New Battlefront in the WTO

Context: U.S. President Donald Trump recently attacked the World Trade Organization (WTO) for allowing countries such as India and China to engage in unfair trade practices that affect American economic interests. World Trade Organization (WTO): The WTO was envisaged as an international trade body to help foster more trading in goods and services between nations. It tries to achieve the goals… Continue reading A New Battlefront in the WTO

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

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

Big Picture, GS-2, GS-3, Indian Economy, Uncategorized

Impact of Chinese slowdown

China’s economy grew at 6.9% in 2015, but that was a slowest growth rate for the world’s second largest economy in 25 years. The IMF has projected China’s growth rate to be 6.3% in 2016. There are expectations of further devaluation of renminbi or yuan by China to boost its exports. This could erode the… Continue reading Impact of Chinese slowdown