Economy Current Affairs

India’s trade deficit with China has declined to 44.02 billion US Dollars

India’s trade deficit with China has declined to 44.02 billion US Dollars

India’s trade deficit with China has declined from 53.57 billion US Dollars in 2018-19 to 44.02 billion US Dollars in 2020-2021. Daily Current Affairs Quiz 2021 Exports to China has increased to USD 21.19 billion in 2020-21 from USD 16.61 billion in 2019-20. Exports were USD 16.75 billion in 2018-19. Imports from China during 2018-19, […]

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Cabinet Approved Production Linked Incentive Scheme for Specialty Steel

Cabinet Approved Production Linked Incentive Scheme for Specialty Steel

Union Cabinet recently approved the Production Linked Incentive (PLI) Scheme for specialty steel. The duration of the scheme will be five years, from 2023-24 to 2027-28. Daily Current Affairs Quiz 2021 With a budgetary outlay of Rs 6322 crores, the scheme is expected to bring in investment of approximately Rs 40,000 crores and capacity addition

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Bilateral trade between China-India rose by 62.7% in the first half of 2021

Bilateral trade between China-India rose by 62.7% in the first half of 2021

The Bilateral trade between China-India in the first half of 2021 rose by a record 62.7%, the highest increase among China’s major trade partners with total two-way trade surpassing the pre-pandemic levels. Daily Current Affairs Quiz 2021 Though Indian exports to China picked up with 69.6 per cent year on year increase, the trade deficit,

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