Brazil,Australia and Guatemala’s has requested World Trade Organization (WTO) to set up a Dispute settlement panel(DSB) against India’s sugar subsidies. The countries have said that most subsidies to sugar producers in India violate WTO rules.Several subsidies such as the State-level export subsidies for sugar,Central assistance and export incentives were inconsistent with the WTO rules. The… Continue reading Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy
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.
UK marks India Day with new Fast-Track Start-Up Fund
British Prime Minister has announced the creation of a new 40-million pound Fast-Track Start-up Fund. The fund will invest in Indian start-ups which focuses on India’s emerging technology enterprises.The fund will be supported by both the UK and Indian governments as part of the wider UK India-Tech Partnership. The two countries has also launched three… Continue reading UK marks India Day with new Fast-Track Start-Up Fund
India, Russia seek to skirt US sanctions threat to arms deals
Russia and India have agreed on a new mechanism which will allow payments for multi-billion dollar defence deals to be made using their own national currencies. This mechanism was established after Indian banks with exposure to the US had suspended payments and instalments to Russia to avoid the threat of punitive sanctions under Countering America’s… Continue reading India, Russia seek to skirt US sanctions threat to arms deals
Over 5 billion dollar penalty imposed on Pakistan in Reko Diq case
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
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
