Blog

 India on the IFA negotiations Why in news? India did not join the recently conducted Investment Facilitation Agreement (IFA) negotiations because of the flaws in the investor-state dispute settlement claims. What is an Investment Facilitation Agreement (IFA)? IFA is a trade agreement proposed by the World Trade Organization. Aim – To create legally binding provisionsRead more

India’s Dairy Sector Needs a Structural Shift Why in the news? The Centre has reportedly been considering import of butter and ghee as the country is facing with a milk shortage. What is the significance of milk and dairy products? Milk and milk products are rich in protein. They are a key source of calcium,Read more

 Laser Interferometer Gravitational-Wave Observatory (LIGO) Why in the news? Recently, the Government approved the construction of the Laser Interferometer Gravitational-Wave Observatory (LIGO) project after seven years of in-principle approval. It will be built by the Department of Atomic Energy and the Department of Science and Technology with the U.S. National Science Foundation and several nationalRead more

Prepaid Payment Instruments (PPIs) Why in  the news? Recently, National Payments Corporation of India (NPCI) has introduced interchange fees of up to 1.1% on merchant UPI transactions done using prepaid payment instruments. What are Prepaid Payment Instruments (PPIs)? PPI – Prepaid payment instruments are payment instruments that facilitate purchase of goods and services against theRead more

Foreign Trade Policy 2023 Why in the news? Recently, Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles has unveiled Foreign Trade Policy 2023. What is the need for the policy? To increase the export of India To be in incompliance with WTO regulations To push MSMSE sector To includeRead more

UNGA Resolution and Its Impacts on Climate Change Why in news? Recently, United Nations General Assembly (UNGA) passed a resolution asking the ICJ to give an advisory opinion about obligations of countries to protect people from climate extremities based on the promises they have made to the UNFCCC. How vulnerable are countries to climate change?Read more

OPEC’s Oil Output Cut Why in News? The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, announced a surprise reduction of 1.16 million barrels per day (bpd) in their oil production to support market stability. What is the Background of Voluntary Cut in Oil Production? Background: Oil prices skyrocketedRead more

Troika for India’s northeast region Why in news? In the third India-Japan Intellectual Dialogue in Agartala, policymakers focused to bring the troika of Bangladesh, India and Japan closer. What is the role of Japan in north east region? Japan has historical ties with the North Eastern region of India. Japan attaches great importance to theRead more

Japan in Indo-Pacific Geopolitics Why in the news? The recent visit of Japanese Prime Minister to India reinforces the centrality of Japan in the emerging geopolitics of the Indo-Pacific. How about India-Japan relationship? Buddhism -Exchange between Japan and India is said to have begun in the 6th century when Buddhism was introduced to Japan. PeaceRead more

China’s Diplomacy in Central Asia Why in the news? The China and the five Central Asian republics (C+C5) grouping trade meeting indicated the growing diplomatic ties of china with Central Asia region. What is the status of China’s relation with Central Asia? Ancient Silk Route – Provided trade, cultural, and people-to-people links with the CentralRead more