Joint Statement: 6th India-Germany Inter-Governmental Consultations

Contents1 What is the News?2 What are the key highlights from the consultation?2.1 Initiatives launched3 Indo-German Collaboration Acknowledged  What is the News? India and Germany under the co-chairmanship of the Federal Chancellor and Prime Minister held the sixth round of Intergovernmental Consultation. What are the key highlights from the consultation? Initiatives launched Indo-German Partnership for… Continue reading Joint Statement: 6th India-Germany Inter-Governmental Consultations

India and EU comprehensive free trade deal to be finalized by 2024

What is the News? India and the European Union are set to hold an initial round of negotiations on a Free Trade Agreement(FTA) in June with the aim of concluding an FTA by late 2023 or early 2024.  Note: EU is the third-largest trading partner for India after the US and China. India-EU Free Trade… Continue reading India and EU comprehensive free trade deal to be finalized by 2024

Xi’s Global Security initiative to counter Quad Grouping

What is the News? The Chinese President has proposed for the first time a Global Security Initiative at the Boao Forum for Asia Annual Conference 2022. What is the Global Security Initiative? Proposed by: Chinese President Purpose: It is China’s initiative to make up for the global security deficit and guard world peace and tranquillity.… Continue reading Xi’s Global Security initiative to counter Quad Grouping

Special 301 Report 2022: India among most challenging economies, says USTR

What is the News? The Office of the United States Trade Representative (USTR) has released Special 301 Report 2022. What is the Special 301 Report? Released by: Office of the United States Trade Representative (USTR) Purpose: To identify trading partners that do not adequately or effectively protect and enforce Intellectual Property (IP) rights or otherwise… Continue reading Special 301 Report 2022: India among most challenging economies, says USTR

World Economic Outlook: Downward revision cycle for global economic outlook has begun

What is the News? The International Monetary Fund(IMF) has released the World Economic Outlook Report. What is the World Economic Outlook Report? The report is published by the IMF twice a year: One each in April and October. It also provides updates to these two reports in January and July. Aim: To provide analysis and… Continue reading World Economic Outlook: Downward revision cycle for global economic outlook has begun

UN approves measure requiring permanent member states to justify veto

Contents1 What is the News?2 What does this resolution provide for?3 What is the significance of this resolution?4 What is the criticism against this resolution? What is the News? The United Nations General Assembly has adopted a resolution titled  ‘Standing mandate for a General Assembly debate when a veto is cast in the Security Council’.… Continue reading UN approves measure requiring permanent member states to justify veto

Trilateral Development Corporation(TDC) Fund: To counter China’s BRI, MEA launches growth model

What is the News? The Ministry of External Affairs has launched a platform called the Trilateral Development Corporation(TDC) Fund. What is the Trilateral Development Corporation(TDC) Fund? Launched by: Ministry of External Affairs Aim: To provide an alternative to the Chinese development partnership model that has pushed parts of the developing world into a debt trap.… Continue reading Trilateral Development Corporation(TDC) Fund: To counter China’s BRI, MEA launches growth model

The quarrel over kuril Islands

Contents1 What is the News?2 What is the Kuril Islands Dispute?3 Have there been attempts made to resolve the Kuril Islands Dispute?4 Why has Japan raised the Kuril Islands dispute now? What is the News? Japan’s Diplomatic Bluebook for 2022 described the Kuril Islands (which Japan calls the Northern Territories and Russia as the South… Continue reading The quarrel over kuril Islands

At $76.6 billion, India is third highest military spender in world, says report

What is the News? Stockholm International Peace Research Institute(SIPRI) has released a report on global military spending in 2021. What are the key findings of the report? Largest Military Spenders: The five largest military spenders in 2021 were the United States, China, India, the United Kingdom and Russia. These countries together account for 62% of… Continue reading At $76.6 billion, India is third highest military spender in world, says report

Digital Services Act(DSA): Explained: European Union ground rules for Web

What is the News? The European Parliament and European Union(EU) Member States have announced that they have reached a political agreement on the Digital Services Act(DSA). What is the Digital Services Act(DSA)? Purpose: The Act is a set of rules on intermediaries’ obligations and accountability across the single market and ensures higher protection to all… Continue reading Digital Services Act(DSA): Explained: European Union ground rules for Web

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