The World Bank’s International Centre for Settlement of Investment Disputes(ICSID) has imposed a penalty of $5.95 billion against Pakistan in the Reko Diq case. The penalty was imposed on Pakistan for unlawful denial of a mining lease to a Tethyan Copper Company(TCC) for the Reko Diq project in 2011.The company had claimed 11.43 billion dollars… Continue reading Over 5 billion dollar penalty imposed on Pakistan in Reko Diq case
Category: Factly: IR
This category contains all Current Affairs Factly Articles for Prelims, related to the International Relations. You can find all relevant International updates on this page. This page is specifically useful for UPSC Prelims exam.
No intent to exclude India from Afghan diplomacy: China
China has tried to reassure India that it does not intend to exclude India from international diplomacy on Afghanistan. This assurance came after India was excluded from the quadrilateral talks among China,Russia, the U.S. and Pakistan on the Afghanistan peace process. The four countries had jointly urged the Taliban to immediately agree to a ceasefire… Continue reading No intent to exclude India from Afghan diplomacy: China
IWAI Ship Carrying Cargo From Bhutan To Bangladesh
India has flagged off a ship of the Inland Waterways Authority of India (IWAI) carrying stones from Bhutan to be delivered in Bangladesh. The ship has set sail from Dhubri in Assam and will travel to Narayanganj in Bangladesh over river Brahmaputra and the Indo Bangladesh Protocol Route. This is the first time an Indian… Continue reading IWAI Ship Carrying Cargo From Bhutan To Bangladesh
India elbowed out of Afghanistan peace talks
Pakistan has for the first time joined the US, Russia and China’s trilateral consultations on the Afghanistan peace process. The four countries have jointly urged the Taliban to immediately agree to a ceasefire and begin direct negotiations with the Afghanistan government to end the 18-year violence in the war-torn country. However,India has neither been included… Continue reading India elbowed out of Afghanistan peace talks
Sri Lanka keen on enhancing connectivity with Indian ports
The Sri Lanka Ports Authority(SLPA) chairman has said that Srilanka is keen on enhancing connectivity with Indian ports using ferry services. The chairman said that the two countries can set up a ferry service connecting Kankesanthurai port(KKS) in Jaffna with Karaikal near Puducherry and similarly between Colombo and Tuticorin in south India. This ferry service… Continue reading Sri Lanka keen on enhancing connectivity with Indian ports
Chinese President Xi Jinping and PM Modi to meet in Varanasi on October 12
Chinese President will be visiting the ancient city of Varanasi to attend the second informal summit after Wuhan.The summit will be hosted by Indian Prime Minister(PM). This summit will also mark the completion of 70 years since diplomatic relations between India and China came into existence. This high-level mechanism is only the third ministerial level… Continue reading Chinese President Xi Jinping and PM Modi to meet in Varanasi on October 12
U.S. will consider ‘301 probe’ on India, says trade official
Indian and United States Trade Representative(USTR) has held discussions on various trade and economic issues. Deputy USTR has said that the US will consider 301 investigation against India if the trade issues between the two countries are not resolved. 301 probe is employed as a precursor to tariffs and other trade measures against a country.It… Continue reading U.S. will consider ‘301 probe’ on India, says trade official
India, Russia discuss space cooperation
India and Russia has held high-level talks to elevate bilateral cooperation to the next level in the field of space. Russia has promised all assistance for India’s Human Space Flight Mission Gaganyaan. Gaganyaan is India’s first Human Space Flight Programme to be launched by Indian Space Research Organisation(ISRO) by 2022. The programme will make India… Continue reading India, Russia discuss space cooperation
India to handover 200 houses in Myanmar’s Rakhine State
India has handed over 250 pre-fabricated houses to Myanmar.These houses were built for the displaced Rohingya returnees from Bangladesh. The Indian government had taken up the project under its Rakhine State Development Programme(RSDP) under which $25 million was allocated for a period of five years. The MoU on RSDP was signed between India and Myanmar… Continue reading India to handover 200 houses in Myanmar’s Rakhine State
India’s Anshula Kant is World Bank MD and CFO
The World Bank has announced the appointment of Anshula Kant as Managing Director and Chief Financial Officer of the World Bank Group. She is currently the Managing Director of the State Bank of India(SBI). She will also be the first woman Chief Financial Officer of the World Bank. The World Bank was created at the… Continue reading India’s Anshula Kant is World Bank MD and CFO
