Newspaper for 17th Feb 2025
Indian Express 17th Feb
- A 14 fold jump in soyabean oil imports from Nepal Terms in the article : i)tariff arbitrage = India Nepal free trade agreement allows Nepal to enjoy a significant duty advantage compared to others (30% tariff advantage) Not to confuse with : inverted duty = one form of good attracts more tariff compared to its other form,leading to an increase in imports of the form that attracts less duty, commonly seen in gold items. ii) Rules of origin (will be explained ahead)
static: Soyabean largest producer Brazil In india it is : MP Uses : Feedstock and cooking oil Other oil in similar category : Palm oil
as mentioned above, it's largest producer is brazil and not nepal, which actually acts as a refining hub. Since india has a FTA with nepal so the soyabean oil bypasses the high tarrif via nepal this is rules of origin
PYQ: Q10. Consider the following statements: The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. The Government does not impose any customs duty on all the imported edible oils as a special case. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2
2.Textile industry of india: BharatTex2025 context : An event organized to showcase indian advances in textile and also to modernize it.
Static : textile industry is labour intensive and hence govt has announced intensive for long staple cotton in budget 2025. India faces major competition from Bangladesh and Vietnam in the sector
PYQ: Consider the following statements:
The value of Indo-Sri Lanka trade has consistently increased in the last decade.
"Textile and textile articles" constitute an important item of trade between India and Bangladesh.
In the last five years, Nepal has been the largest trading partner of India in South Asia.
Which of the statements given above is/are correct?
- PM dhan dhanya krishi yojana Context: announced in budget 2025 focuses on increasing the productivity of underproductive districts. Three C's mentioned in article : Convergence,Collaboration, Competition
Similar scheme: PM Krishi Sichai yojna (for irrigation) PM Krishi Sampada Yojana ( For food processing) PM Krishi Vikas yojana ( For organic farming)
I will keep updating the post for this week and will start a new post at the start of next week.
Indian Express 17th Feb
- A 14 fold jump in soyabean oil imports from Nepal Terms in the article : i)tariff arbitrage = India Nepal free trade agreement allows Nepal to enjoy a significant duty advantage compared to others (30% tariff advantage) Not to confuse with : inverted duty = one form of good attracts more tariff compared to its other form,leading to an increase in imports of the form that attracts less duty, commonly seen in gold items. ii) Rules of origin (will be explained ahead)
static: Soyabean largest producer Brazil In india it is : MP Uses : Feedstock and cooking oil Other oil in similar category : Palm oil
as mentioned above, it's largest producer is brazil and not nepal, which actually acts as a refining hub. Since india has a FTA with nepal so the soyabean oil bypasses the high tarrif via nepal this is rules of origin
PYQ: Q10. Consider the following statements: The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. The Government does not impose any customs duty on all the imported edible oils as a special case. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2
2.Textile industry of india: BharatTex2025 context : An event organized to showcase indian advances in textile and also to modernize it.
Static : textile industry is labour intensive and hence govt has announced intensive for long staple cotton in budget 2025. India faces major competition from Bangladesh and Vietnam in the sector
PYQ: Consider the following statements:
The value of Indo-Sri Lanka trade has consistently increased in the last decade.
"Textile and textile articles" constitute an important item of trade between India and Bangladesh.
In the last five years, Nepal has been the largest trading partner of India in South Asia.
Which of the statements given above is/are correct?
- PM dhan dhanya krishi yojana Context: announced in budget 2025 focuses on increasing the productivity of underproductive districts. Three C's mentioned in article : Convergence,Collaboration, Competition
Similar scheme: PM Krishi Sichai yojna (for irrigation) PM Krishi Sampada Yojana ( For food processing) PM Krishi Vikas yojana ( For organic farming)
I will keep updating the post for this week and will start a new post at the start of next week.