India and the US has signed an Inter-Governmental Agreement for exchange of Country-by-Country (CbC) reports of multinational companies regarding income allocation and taxes paid to help check cross-border tax evasion.This is a key step in making India compliant with the Base Erosion and Profit Shifting (BEPS) Action 13 report of which India is an active… Continue reading India in pact to ease U.S. firms’ compliance
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.
INS Kadmatt to participate in maritime and aerospace exhibition in Malaysia
INS Kadmatt is participating in Langkawi International Maritime and Aerospace Exhibition (LIMA)-19 which was held in Langkawi,Malaysia. INS Kadmatt is an indigenous stealth anti-submarine warfare corvette.It was commissioned into the Indian Navy in January 2016.It is named after one of the large islands amongst the Lakshadweep group of Islands off the west coast of India.… Continue reading INS Kadmatt to participate in maritime and aerospace exhibition in Malaysia
Pakistan acts to defuse tensions with Afghanistan
Pakistan’s foreign ministry has clarified that the remarks made by Pakistan PM had been taken out of context and misinterpreted.It said that Pakistan has no other interest in Afghanistan but to promote peace through an Afghan owned and Afghan led political process. Recently,Afghanistan had recalled its ambassador from Pakistan over statements made by Pakistan Prime… Continue reading Pakistan acts to defuse tensions with Afghanistan
After FATF,Asia-Pacific group may also grey-list Pakistan
Pakistan is facing the risk of being greylisted by the Asia Pacific Group (APG).Pakistan has a high non-compliant rate of nearly 70% on 40 recommendations against money laundering and terrorist financing. Earlier,Financial Action Task Force (FATF) had decided to keep Pakistan on its grey list.It means downgrading of the country by institutions like IMF,World Bank,ADB,EU… Continue reading After FATF,Asia-Pacific group may also grey-list Pakistan
U.S. upset as Russian planes land in Venezuela
The Russian foreign ministry has said that two planes consists of Russian specialists has landed in Venezuela.The presence of Russian specialists in Venezuela is governed by a military-technical cooperation agreement between the two countries that was signed in 2001. Russia has long been an ally of Venezuela,and has provided military and economic support.Russia has also… Continue reading U.S. upset as Russian planes land in Venezuela
Japan gives UN World Food Programme $69m
Japan has donated $69 million to the United Nations World Food Programme to provide vital aid to 28 countries in the Middle East, Africa, and Asia, with the biggest share of the money being earmarked for Yemen and Iraq.Japan is one of WFP’s top donors and has contributed $958 million to the UN agency since… Continue reading Japan gives UN World Food Programme $69m
Pakistan okays plan to open Sharda Peeth corridor for Hindu pilgrims in PoK
Pakistan Government has approved proposal to establish Sharda Peeth corridor that will allow Hindu pilgrims especially Kashmiri Pandits from India to visit the Sharda Peeth,an ancient Hindu temple and cultural site in Pakistan-occupied Kashmir. The Sharda Peeth corridor when opened will be the second religious tract after Kartarpur corridor in Pakistan-controlled territory that will connect… Continue reading Pakistan okays plan to open Sharda Peeth corridor for Hindu pilgrims in PoK
China destroys 30,000 ‘incorrect’ world maps
Customs officials in China have destroyed nearly 30,000 world maps printed in the Country. This is because the maps did not show Arunachal Pradesh and Taiwan as part of its territory. China claims Arunachal Pradesh as South Tibet, a part of part of the Tibet Autonomous Region. China bases it claim on the argument that… Continue reading China destroys 30,000 ‘incorrect’ world maps
Golan Heights belong to Israel:US
US President has signed a proclamation officially recognising Israel’s annexation of the Golan Heights.The latest move reverses the position U.S. administrations have held for more than 50 years. Golan Heights is located in the southwest tip of Syria.It shares a border with Lebanon,Jordan and Israel.Majority of the inhabitants are from Druze faith who are mostly… Continue reading Golan Heights belong to Israel:US
U.S.-China trade war poses the biggest risk to global stability, says IMF official
The International Monetary Fund(IMF) official has said that trade war between the United States and China poses the greatest risk to global stability.The ongoing trade war has affected the flow of billions of dollars of goods between the two countries. Trade war is a situation where countries restrict each other’s trade by imposing tariffs or… Continue reading U.S.-China trade war poses the biggest risk to global stability, says IMF official
