RBI Grade B Current Affairs: 30 Sept 2019

Economy: Exports Subsidies and Countervailing Measures (SCM) Pact: – India is not entitled to provide subsidies because its per capita gross national product (GNP) has crossed $1,000 per annum. – If the ruling is upheld India will be required to discontinue the existing export promotion schemes. – Under Article 3.1, developing countries with gross per …

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