Archive · 23 Sep 2025
India's Stance on US GMO Corn and Digital Insurance
This article talks about two important topics.
First, it explains why India has high taxes on corn from the US, especially if it's genetically modified.
India wants to protect its own farmers.
Secondly, it introduces 'Bima Sugam,' a new online platform where people can buy, manage, and claim insurance.
This platform aims to make insurance easier and more accessible for everyone in India.
India imposes high tariffs and prohibits GMO corn imports from the US.
The US is a major corn producer and exporter globally.
India allows 0.5 mt of corn imports at 15% duty; higher quantities attract 50% duty.
Bima Sugam is a unified digital marketplace for insurance.
Bima Sugam allows easy access to various insurance services, offering transparency.
- Who
- UPSC Essentials
- What
- Discusses India's import policies on US GMO corn and Bima Sugam
- When
- Not specified
- Where
- India
- Why
- To provide information on UPSC Mains answer writing
US Perspective
India's Perspective
GMO Corn Import
US Perspective
US sees India as a potential corn market but faces restrictions on GMO corn.
India's Perspective
India restricts GMO corn imports to protect domestic agriculture.
- India's Corn Import Duty (above 0.5mt)
- 50%
- US Corn Export
- 71.70 mt (2024-25)
- Bima Sugam
- Unified Digital Insurance Marketplace
- Bima Sugam Functionality
- Buy, sell, service, renew, manage & claim insurance policies
