Gold Chain

INWARD REMITTANCES  Inflow of remittances or personal income transfers  associated with migration is considered to be the most important safety valve available to many  economies across the  world. Inward remittances made by Indian diaspora abroad has been a major source of  foreign exchange earnings to strengthen our balance of Payments position, foriegn exchange reserves and external sector.  In recent  years particularly inward remittances exceeded  more than FDI flows to thecountry.As per the recent Remittances Survey conducted by RBI team for the period 2023-24 it  indicated a major breakthrough that the share of India's Inward remittances from advanced economies has risen surpassing that of traditional Gulf cooperation countries (GCC).That is pointing towards a  new shift in emigration patterns with more skilled and qualified Indian emigrants incresingly searching for employment in advanced economies. State wise distribution of...

 FTAs FreecTrade Agreements (FTAs)  are reached between two or more countries in order to eliminate Trade barriers both tariff and non tariff barriers to make Trade and business smooth across  national borders. FTA s  between countries can cover Trade in goods, trade in services, investment and intellectual property Rights. FTAs can be either bilateral or multilateral depending on whether two or more countries agreed to the Trade Agreement. At the same time each member can retain its own trade and tariff restrictions and commercial policies With non member countries as per their discretion and benefit.  FTAs AND INDIA  India has signed 13 regional Trade Agreements (RTAs) in addition to bilateral Trade Agreements or FTAs with various groups,individual countries namely Japan, South Korea,UAE and United Kingdom  UK. Indo-Japan comprehensive Economic Partnership Agreement (CEPA) signed in 2011 resulted in positive, negative and mixed impacts on both trade ...

 Global currency market  witnessed voltatility in recent days due to first time sharp surge in the value of Asian currencies putting severe pressure on US dollar. The  Taiwan dollar performed particularly  well against US dollar fuelling speculation that the appreciation may ultimately  even lead to evolving a regional strategy in order  to gain trade concessions from the USA. Apart from Taiwan dollar the Chinese yuan,Malaysian Ringitt,Japanese Yen,Australian dollar  all have strengthened, leading to a major breakthrough through shifts  in  both  capital flows and investor preference. The rise in currencies recorded for the last one month has indicated that Chinese  currency appreciated 1.25%,Japan 3.24,Korea 4.94, Taiwan 8.24,India 1.63,Thailand 5.6,Indonesia 1.68,Philippines 3.66,Singapore 4.55,and Vietnam -0.65.Taiwan has been experiencing piling up of US dollar through its trade surplus primarily through export of  semicond...