China has warned of retaliation against U.S. President announcement on imposing a fresh 10% tariff on another $300bn of Chinese goods. Tariffs are a tax on imports.They are typically charged as a percentage of the transaction price that a buyer pays to a foreign seller. The US had already applied tariffs of 25% on $250bn… Continue reading China threatens to retaliate against Trump tariffs
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.
Cabinet approves signing of the UN Convention on International Settlement Agreements
The Union Cabinet has approved the signing of the United Nations Convention on International Settlement Agreements(UNISA). The signing of the Convention will boost the confidence of the investors and shall provide a positive signal to foreign investors about India’s commitment to adhere to international practice on Alternative Dispute Resolution(ADR). The United Nations General Assembly adopted… Continue reading Cabinet approves signing of the UN Convention on International Settlement Agreements
India received proposal of consular access to Kulbhushan Jadhav from Pakistan: MEA
Pakistan has offered India consular access to Kulbhushan Jadhav who has been in jail in Pakistan on charges of espionage and terrorism.India has said that it was evaluating the Pakistani proposal. The International Court of Justice(ICJ) had ordered on July 17 that Pakistan must undertake an effective review and reconsideration of Jadhav’s conviction and sentencing… Continue reading India received proposal of consular access to Kulbhushan Jadhav from Pakistan: MEA
Highly gratified by cooperation from ‘great friend’ India on Iran: U.S.
The United States has praised India for cooperating in enforcing the oil sanctions on Iran. This statement came after India has brought down the import of oil from Iran to almost zero. The tensions between the US and Iran have started after US had withdrawn from the 2015 nuclear deal that aimed to curb Iranian… Continue reading Highly gratified by cooperation from ‘great friend’ India on Iran: U.S.
Thailand in talks with India to buy Brahmos cruise missiles
According to media reports, Thailand is in talks with India over purchasing BrahMos supersonic cruise missiles. If the sale materialises, it will be the first export of the BrahMos missile by India. BrahMos missile is a 2.5 ton supersonic air to surface cruise missile with ranges of close to 300 km. BrahMos is a joint… Continue reading Thailand in talks with India to buy Brahmos cruise missiles
New Delhi may not join interim arrangement to replace appellate body at WTO
India is unlikely to strike bilateral deals with World Trade Organization (WTO) members such as the European Union (EU) and Canada. The deal aims to work out an interim arrangement to preserve the dispute settlement function of the multilateral body by agreeing to set up arbitration panels to resolve disputes. The Appellate body considered the… Continue reading New Delhi may not join interim arrangement to replace appellate body at WTO
U.S. Fed cuts interest rate for first time since 2008
The United States Federal Reserve has announced that it would cut the interest rates for the first time since a decade. Fed Chairman cited global weakness, simmering trade tensions and a desire to boost too-low inflation as the reasons for the central bank’s decision to cut the interest rates. This rate reduction was the first… Continue reading U.S. Fed cuts interest rate for first time since 2008
‘India and U.S. very close to resolving all trade issues’
India’s Commerce Minister is planning to meet the U.S. Trade Representative.They will hold talks to resolve the differences over trade and investment. However,government officials have said that almost all issues have been resolved between the two countries.But the core area of disagreement which is market access is also close to being resolved. The Indian government… Continue reading ‘India and U.S. very close to resolving all trade issues’
India, Myanmar sign MoU on defence co-operation
India and Myanmar has signed a Memorandum of Understanding (MoU) on defence cooperation.The MoU is aimed at enhancing military training, joint surveillance, and maritime security. Indian and Myanmar armies has also carried out two phases of ‘Operation Sunrise’ this year busting camps of insurgent groups in Myanmar. Further,India is also set to hand over Myanmar… Continue reading India, Myanmar sign MoU on defence co-operation
India must convince industry of RCEP’s benefits: Australia
Australian High Commissioner to India has said that Indian government must convince the industry of Regional Comprehensive Economic Partnership(RCEP) benefits. Recently,Indian Commerce minister had met industry bodies to review issues that India would need to keep in mind when continuing deliberations on the RCEP in China. The associations had said that industries are apprehensive of… Continue reading India must convince industry of RCEP’s benefits: Australia
