In News Recently, the US and China have agreed to cooperate with other countries to curb climate change. About the Agreement The agreement was reached by the US and Chinese special envoys for climate in Shanghai. The visit was aimed at discussing raising global climate ambition ahead of the US Leaders Summit on Climate. It […]
In News Recently, India has been put on the U.S. Treasury’s Currency Manipulators Monitoring List along with 10 other countries for the April 2021 list. Other 10 countries are China, Japan, Korea, Germany, Ireland, Italy, Malaysia, Singapore, Thailand and Mexico. All of these, except Ireland and Mexico, were on the December 2020 list. Currency […]
In New Recently, Singapore has ratified the Regional Comprehensive Economic Partnership (RCEP) agreement becoming the first participating country to do so. At the 6th edition of the Raisina Dialogue, Singapore’s Foreign Minister has expressed hopes on India reassessing its stand on regional trade pacts like the RCEP and the Comprehensive and Progressive Agreement for Trans-Pacific […]
In News Recently, the US and the North Atlantic Treaty Organization (NATO) have announced that they will withdraw all their troops from Afghanistan by 11th September 2021, the 20th anniversary of the 9/11 attacks. There are about 2,500-3,500 US troops in Afghanistan at present, plus a NATO force of under 8,000. The troop pullout is […]
In News Sri Lanka inked an agreement with the state-run China Development Bank for a loan of USD 500 million. About This USD 500 million loan is the second installment of the USD 1 billion loan (signed before), out of which USD 500 million was released in 2020. Beijing-based Asian Infrastructure Investment Bank (AIIB) also […]
In News Recently, the Supreme Court (SC) has held that the case against two Italian marines will be closed only after Republic of Italy deposits with it Rs. 10 crore as compensation to victims. Background In February 2012, two Indian fishermen onboard fishing vessel St Antony were gunned down near Lakshadweep islands by two Italian […]
In News Recently, India has virtually hosted a Meeting of BRICS Finance Ministers and Central Bank Governors. Key Highlights of the Meeting Chaired by: Jointly by the Union Minister for Finance and Corporate Affairs and the Governor of Reserve Bank of India (RBI). This was the first meeting of the BRICS Finance Ministers and Central […]
In News Recently, the Government of India has asked the refiners to review their contracts for buying crude oil from Saudi Arabia and negotiate more favourable terms. India, the world’s third-largest consumer of oil, hopes to use the might of its market to change the terms of engagement with big suppliers. Background Oil producers cartel […]
In News Recently, the annual meeting (116th) of the Permanent Indus Commission (PIC) comprising Indus Commissioners of India and Pakistan has been held in New Delhi. Under the provisions of the Indus Waters Treaty (IWT) 1960, the two Commissioners are required to meet at least once every year, alternately in India and Pakistan. Highlights of […]
In News Recently, India has resolved to intensify defence cooperation with the US’s Central Command in Florida and with the Commands in the Indo-Pacific region and Africa, during the US Secretary of Defense’s visit to India. The bilateral discussion covered military-to-military engagement across services, information sharing, cooperation in emerging sectors of defence and mutual logistics […]
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