In Context India chose to join the Indo-Pacific Economic Framework for Prosperity (IPEF) but declined the Regional Comprehensive Economic Partnership (RCEP). About Regional Comprehensive Economic Partnership (RCEP) About: RCEP is a regional Free Trade Agreement between ASEAN and 6 other countries, viz. India, China, Japan, South Korea, Australia and New Zealand. It was signed in […]
In Context India’s strategic autonomy and policy of non-alignment have evolved into a multi-alignment approach. About India’s multi-alignment stand Origin of India’s non-alignment stand: There has been a progressive evolution in Indian thinking on forming and joining regional economic and security groupings, since the days New Delhi declared itself as “Non-Aligned” in the 1950s. India, […]
In News A report by Finland based group cited that India is leader of five countries named as the “Laundromat” countries. More about News European Countries that imposed crude oil sanctions on Russia oil are using India, others as ‘laundromats’ for refined products. The report accused Indian sellers and European buyers of possibly “circumventing sanctions” […]
In Context Recently, the Inter-governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation meet was held between India & Russia. Inter-governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation meet Surge in trade: India and Russia hailed the surge in bilateral trade (up by 2.6 times in the past year, and at about […]
In News Bangladesh and Russia have agreed to use Chinese yuan to settle payment for the construction of Rooppur nuclear plant as the payment via Russian ruble was not feasible at present. Overview of the Project Bangladesh is constructing the first of two nuclear power plants in collaboration with Russia’s state-owned atomic company Rosatom. Once […]
In News Recently, fierce fighting broke out in Khartoum, the capital of Sudan, between the country’s army and paramilitary forces. Reason of recent crisis Clashes erupted after heightened tensions between the Rapid Support Forces (RSF), a paramilitary group led by Mohamed Hamdan Dagalo — also known as Hemedti — and the military, headed by Lt […]
In News Recently, the demand to hold a second referendum for Scotland’s independence was rejected by the British Prime Minister. More about the “demand for Scottish independence” Beginning of the independent Kingdom of Scotland: The independent Kingdom of Scotland was formed in the 9th century and went on to fight wars to remain independent from […]
In News Recently, South Africa celebrated the occasion of the ending of the apartheid system. About Apartheid Translates to “separateness” or “the state of being apart” in Afrikaans. It officially began in 1948, instituting segregation as law and a “fundamental truth” of South Africa. citizens were classified into one of four racial groups – black, […]
In News Recently, the Prime Minister of India inaugurated the 17th Pravasi Bharatiya Divas convention. About Pravasi Bharatiya Divas (PBD) Origin: To mark this day, the tradition of celebrating Pravasi Bharatiya Divas (PBD) started in 2003. 1st PBD Convention was organized on 9 January 2003 to mark the contribution of the overseas Indian community to […]
In News The India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) has recently come into effect. The ECTA was signed on April 2, 2022, and was ratified on November 21, 2022. Significance of the IndAus ECTA Trade: The agreement is expected to double trade between the two countries to $50 billion. The Ind-Aus ECTA provides […]
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