In News The European Union has recently expressed its concerns regarding the USA’s new green energy subsidy package. What is the U.S. Inflation Reduction Act? It is a $430 billion package of federal spending, tax breaks, credits, and levies that are aimed at fighting climate change and reducing healthcare costs and making large corporations pay […]
In News Recently, Nepal had its general elections, the second since the promulgation of the Nepal Constitution of 2015. Major Points This was also the first time in Nepal’s history that a parliament had completed a five-year tenure even though legislative activities were conducted for barely 18 months. The November 2022 parliamentary elections saw an […]
In News Recently, China’s top development aid agency convened the first “China-Indian Ocean Region Forum” in the southwestern Chinese city of Kunming. Key Points About: The meet is organised by the China International Development Cooperation Agency (CIDCA) It is the latest Chinese initiative focusing on the Indian Ocean Region (IOR). Such moves underline Beijing’s growing […]
In News Egyptian President Abdel Fattah Al Sisi will be the chief guest at Republic Day in January 2023. He will be the first such guest since 2020, as plans for guests in 2021 and 2022 were cancelled due to COVID-19. More about the news The year 2022 is of particular significance since it marks […]
In News Recently, delegation-level talks between Iran and India were held where both sides agreed on continued cooperation for the development of the Shahid Beheshti terminal of the Chabahar port. Major highlights of the meeting Bilateral relations: India and Iran discussed the entire gamut of bilateral relations including political, economic, cultural, and consular engagement. Both countries […]
In News India and Australia would now implement the free trade agreement on a mutually agreed date as the Australian Parliament approved the pact between the two countries. About Ind-Aus ECTA ECTA is the first trade agreement of India with a developed country after more than a decade. The Agreement encompasses cooperation across the entire […]
In News The Australian Parliament recently approved the free trade agreement inked with India paving the way for the rollout of the pact from January 2023. The agreement is likely to push the bilateral trade to USD 45-50 billion in the next five-six years from the present USD 31 billion. More in news This was […]
In News Recently, Saudi Crown Prince Mohammed bin Salman and Thailand’s prime minister signed agreements to expand diplomatic relations between the two countries. The relations were restored only earlier this year, three decades after a high-profile jewelry theft, also known as the Blue Diamond Affair. About Blue Diamond Affair Saudi Arabia downgraded its diplomatic relations […]
In News America plans to pursue a ‘friendshoring’ approach to diversify away from countries that present geopolitical and security risks to the supply chain and deepen economic integration with trusted trading partners like India, About ‘Friendshoring’ The term, a cousin of “reshoring” and “onshoring” and a sibling to “nearshoring,” is shorthand for the practice of […]
In News India and Russia recently agreed to “deepen cooperation” on counter-terrorism issues and enhance bilateral coordination at the United Nations. More about the UN consultation between India and Russia About: It is the third such UN consultation between India and Russia in the past year. Background: Recently India abstained from yet another vote at […]
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