Read·Recall·Rise
Read·Recall·Rise
UPSC SYLLABUS
Indian and global economic affairs.
20 briefs loaded
The Fourth Indo-German Environment Forum in Delhi highlighted bilateral cooperation on climate resilience, green technology, and a shared commitment to sustainable development.
Houthi drone attacks have shut down Saudi Arabia's East-West pipeline, threatening 4% of global oil supply as Red Sea export stocks face depletion within days.
BRICS nations firmly condemned unilateral tariffs, environmental protectionism, and economic sanctions, while defending core WTO principles like S&DT and MFN.
The 18th BRICS Summit’s New Delhi Declaration prioritised MSME integration into global value chains, condemned unilateral tariffs, and pushed for the reform of multilateral bodies like the WTO.
Saudi Arabia suspended its crucial East-West oil pipeline following a drone attack, compounding global energy risks as Houthis simultaneously seized the strategic Perim Island in the Red Sea.
The 18th BRICS Summit's New Delhi Declaration navigated regional geopolitical tensions, advocating for UN reforms, local-currency trade, and a unified stance against terrorism.
PM Modi and President Xi Jinping's upcoming meeting aims to address the widening trade deficit and border friction, particularly in the Eastern Sector.
Under India's chairship, BRICS finance ministers opposed unilateral trade tariffs and advocated for cross-border payment settlements in local currencies.
Yemen's Houthi rebels have seized strategic territories along the Bab el-Mandeb Strait, including Mayyun island, gaining control of a vital global shipping corridor.
Despite 17 years of BRICS summits, India's strategic and economic interests are better served by deepening ties with Western powers rather than a stagnation-prone, China-dominated bloc.
As traditional global governance institutions falter, BRICS has evolved into a formidable non-Western platform driving alternative finance and local currency trade for the Global South.
As India prepares to host the 18th BRICS Summit in 2026, the expanded 11-member bloc is grappling with severe geopolitical faultlines and a fundamental divide over its core mandate.
While the RBI’s special swap facility shields banks from currency risks on FCNR(B) deposit principals, unhedged interest liabilities leave Indian lenders exposed to severe rupee depreciation.
The escalating U.S.-Canada trade dispute underscores the risks of entering bilateral trade pacts without durable safeguards against sudden protectionist shifts.
MoSPI has overhauled its GDP calculation methodology by adopting the Producer Price Index for 'double deflation', fundamentally correcting how India measures real economic growth.
The UK has banned imports from Israeli settlements in the West Bank to protest expansion in the E1 corridor, aiming to preserve the territorial viability of a future Palestinian state.
Driven by AI investments and defence spending, the global economy is running hot despite geopolitical shocks, leaving central banks to use high interest rates as the sole tool to check inflation.
The UAE outlines its vision for BRICS, emphasizing economic connectivity, non-oil trade diversification, and deepening ties with India ahead of the 2026 BRICS Summit.
The FSSAI's proposed front-of-pack red warning labels aim to curb India's childhood obesity crisis, but systemic gaps in unorganised sector regulation and uniform GST policies hinder real progress.
The completion of the 1,506-km Western Dedicated Freight Corridor marks a major milestone in India's logistics, aiming to double freight speeds and shift cargo traffic from road to rail.