- L6/P4: Foreign trade policy 2015: product-wise strategy
- L6/P5: Foreign trade policy 2015: schemes & reforms
- L6/P6: BoP-Capital Account: QE/FT, Fed Rate cut, Rate Hike
- L6/P7: Forex Reserve of China and Undervalued Yuan
- L6/P8: GIFT City and international financial Service centre (IFSC)
- On 8th May 2015, I conducted the session on “Foreign Trade Policy” subpart- product wise strategy, duty scrip schemes, & other issues mentioned in Economic survey chapter on Balance of payment.
- Total 2:30 hours, split into five parts.
- PowerPoint of the lecture, available at mediafire.com/folder/2bb433i58hp2v/General_Studies_Mrunal
- Medium of instruction- Hindi.
- English version not possible for the moment, because I’m required to teach at this batch, in Hindi/Gujarati only. Besides, same content is available in English-text articles or English PPTs on the site.
- Recap of the previous lecture on foreign trade policy targets, regional trade agreements etc.
- How to boost agriculture exports? Organic farming and plantation crops
- Issues related to export of textile, gems and jewellery, mining, MSME industry, engineering goods.
- What is Project export? How does it help in soft diplomacy and reducing trade deficit?
- defense sector: FDI limits, arguments in favour and against increasing foreign direct investment in defence sector of India
- ICT, Electronics, other services: issues and challenges in export
- Sidetopic science and technology developments:
- BRCA Gene Patenting and Angelina Jolie
- legalization of three parent baby in united kingdom, Eugenics and genetic engineering for social engineering
- Patent vs Generics: The case of Novartis (Glivec) and Bayer (Nexvar)
- Issues and challenges faced by Indian pharmaceutical industry and remedies through trace and track policy 2015.
- Measures for promotion of brand India
Youtube Link: https://youtu.be/bAMMnSK6pDI
- What is the difference between anti-dumping duty and countervailing duty (CVD)?
- What is Duty scrip? How does it help in boosting exports?
- Merchandise Exports from India Scheme (MEIS).
- Service Exports from India Scheme (SEIS)
- reforms in border transport and inspection
- reforms through e-governance: digital locker for exporters and importers, E-BRC certificate
- export status holders scheme and its benefits
- WTO Bali summit and trade facilitation agreement (TFA)
- export infrastructure: special economic zones (SEZ), export oriented units (EOU), Electronics and biotechnology Parks- their issues and reforms
- Towns of export excellence (TEE): meaning and provisions under FTP-2015?
- ASIDE: Assistance to States for Developing Export Infrastructure and Allied Activities. Why the budgetary allocation for the scheme has been reduced?
Youtube Link: https://youtu.be/cjp5ZhRt4wc
- Classification between FDI and FII as per Arvind Mayaram Committee
- elimination of FDI-FII difference in budget 2015
- foreign direct investment limits various sectors of India
- what is foreign investment promotion board (FIPB): its composition and jurisdiction
- external debt of India: rankings for prelims MCQs
- Quantitative easing and Fed tapering: meaning, impact on Indian economy, measures taken to stabilise foreign exchange rate of Indian rupee.
- Fed Rate Cut and Rate Hike: how does it affect Indian economy?
- Mock Question for Mains: 1st world’s low-interest rate policies and quantitative easing, are unleashing financial turmoil on emerging-market economies. Discuss in context of India.
Youtube Link: https://youtu.be/MXzhzYaAB_0
- How does China’s Mercantile policy and labour abuse help getting trade surplus?
- How does China keep its yuan undervalued?
- How did China buildup large forex reserve nearly $ 4 trillion?
- What are the advantages and challenges in maintaining a large forex reserve?
- Economic survey has recommended India to build a forex reserve worth 750 billion to $ 1 trillion through current account surplus- how can we do that?
- How can large forex is a help us in soft diplomacy and project exports?
Youtube Link: https://youtu.be/L2jlHiyjT5Q
- Case study: Dubai International financial sector- facilities offered
- Gift City: ownership, location, salient features
- SEBI provisions for opening stock exchange in gift city, guidelines for hedge funds and mutual funds
- RBI’s guidelines for IFSC Banking Units: can they accept retail customers, rupee deposits? Are CRR, SLR applicable to them?
- What are the legal challenges in building GIFT as an international financial service centre (IFSC)? The issue of full capital account convertibility
- Mock Questions for Mains: Vibrant financial markets are critical to a country’s GDP growth. Examine the importance of proposed GIFT city in this regard, & discuss challenges in its setup.
Youtube Link: https://youtu.be/wflo82HCe0A
Visit youtube.com/user/TheMrunalPatel For more lectures on UPSC General Studies.