DAILY NEWS ANALYSIS
16 January, 2020
2 Min Read
Syllabus subtopic: India and its neighbourhood- relations.
Prelims and Mains focus: on the move to curb imports from Malaysia and its impact on trade relations between the two countries
News: Trade tensions between India and Malaysia have aggravated with the Narendra Modi government’s latest move to restrict palm oil imports from the latter.
India has a trade deficit of $4.4 billion with Malaysia in FY19. Malaysia’s palm oil exports to India grew 73% in January-November 2019.
What’s the backdrop for the stand-off?
What measures has India taken so far?
How do India’s import curbs impact Malaysia?
Palm oil is crucial for the Malaysian economy as it accounts for 2.8% of gross domestic product and 4.5% of total exports. State-owned and private Malaysian refineries will likely have to scramble to find new buyers for their refined products. Malaysia is the world’s second-largest producer of palm oil after Indonesia.
Where does Malaysia stand on trade ties?
How has Malaysia reacted to the curbs?
Mahathir has expressed concern over India’s move to restrict the import of palm oil from his country while insisting that he would continue to speak up. Meanwhile, the Malaysian Trades Union Congress, members of which include palm workers, has urged the two countries to resolve the matter through talks.
E-pharmacies The Ministry of Health sent "show cause" letters to at least 20 businesses in February 2023 for online drug sales, including Tata-1mg, Flipkart, Apollo, PharmEasy, Amazon, and Reliance Netmeds. What is e-pharmacy? E-pharmacy refers to the purchasing and selling of drugs and other pharmaceutical products through a
Punchhi Commission Report The Punchhi Commission's report on relations between the federal government and its constituent states will now be reviewed for state responses, according to the Union Ministry of Home Affairs (MHA). Historical Background: A Commission on Centre-State Relations was established by the Indian government,
Indo-German Relations Olaf Scholz, the Chancellor of Germany, recently paid a bilateral visit to India. It is Scholz's first trip to India after taking office as German Chancellor in December 2021, ending Angela Merkel's illustrious 16-year reign. About the news: The visit of the German chancellor is significant because i
India Denmark Cooperation During the "India-Denmark: Partners for Green and Sustainable Development Conference" in New Delhi, the Union Minister for Environment, Forests, and Climate Change said that India and Denmark can work together to show that reaching ambitious climate and sustainable energy targets is possible. Since the Gr
Mob lynching and Cow Vigilantism The recent lynching and burning of two men in Haryana on the basis of allegations of unlawful cow slaughter, smuggling, or transportation bring attention to the problem of mob lynching. About cow vigilantism: Mob attacks carried out in the guise of "cow protection" primarily target Mus
Copyright© Aspire IAS Academy. All rights reserved. Powered by CLT Technologies & Edu-Publishers Private Limited.