In 2013, Chinese President Xi Jinping launched China’s most ambitious project One Belt One Road (OBOR) which involves the building of two projects namely – Silk Road Economic Belt (SREB) and a 21st Century Maritime Silk Road (MSR). OBOR later came to be known as Belt and Road Initiative (BRI). BRI is arguably the most ambitious global infrastructure project ever envisaged by one country. However, is this merely an economic project? or a geopolitical one of China? Will India get any benefit by joining this project or not? Let us discuss those issues in detail.
As President Donald Trump showed the intention of the United States to withdraw the Generalised System of Preferences, popularly referred to as GSP, from India, IAS EXPRESS takes a look at the programme, its benefits and what it means now that it may be revoked.
India’s participation in the mega-trade agreement, Regional Comprehensive Economic Partnership (RCEP) has long been debated and sentiments around the subject are quite divided and divergent. Critics warned that India must exercise caution before signing RCEP which goes far beyond trade liberalisation to impose a common set of rules on investment and IPRs.
Recently, the Ministry of Commerce & Industry reviewed and amended the Foreign Direct Investment (FDI) Policy in e-commerce in order to ensure a level playing field between offline and online sectors. E-commerce firms are needed to comply with the new guidelines by February 1, 2019.
This article answers the following questions in an analytical manner with a quick-revision mindmap:
- What is e-commerce?
- What is an E-commerce Entity?
- What are the types of E-commerce models?
- What is the salient feature of the recent amendments?
- What are the potential benefits of these amendments?
- What are the concerns with these amendments?
- What should be the way forward?