- Sri Lanka settles “Currency Swap Facility” with IndiaWhat is the News? The Central Bank of Sri Lanka(CBSL) has settled a $400 million currency swap facility from the Reserve Bank (RBI) of India. What is a Currency Swap Facility? The term swap means exchange. Under this agreement, two contracting countries loan each other a specified amount in local currencies. The parties agree ...
- Chinese energy projects near Tamil Nadu cleared by Sri LankaWhat is the News? The Sri Lankan Government has cleared a Chinese project to set up hybrid wind and solar energy projects on three Sri Lankan islands. Note: This development comes after Sri Lanka had recently decided to pull out of the East Container Terminal(ECT) deal with India and Japan. About the Project: China’s ...
- Why India-EU trade pact is still difficult to achieve?Source: click here Syllabus: GS 2 Synopsis: The EU is in a turbulent situation currently due to COVID-19, Brexit, and international tensions with the US. This has unsettled the EU and worsened internal issues. Introduction India is planning to start negotiations on investment and trade agreements with the European Union (EU). However, these discussions might ...
- Sri Lanka has pushed India and Japan out from the Colombo Terminal ProjectSynopsis – Sri Lankan government has been forced to revoke a 2019 deal with India and Japan. The deal was to build the East Container Terminal (ECT) at Colombo Port. They cancelled the deal after facing intense resistance from trade unions across the region. Background- Sri Lanka, Japan and India signed an ...
- Lessons from the past for way forward in MyanmarSource: The Hindu Gs2: Effect of Policies and Politics of Developed and Developing Countries on India’s interests, Indian Diaspora. Synopsis: The international community needs to plan according to the ground realities of Myanmar before making any effort to restore Democracy. Background: Following the recent military coup in Myanmar, many countries have voiced their concern ...
- U.S foreign policy: The road aheadSource: The Hindu Gs2: Effect of Policies and Politics of Developed and Developing Countries on India’s interests, Indian Diaspora Synopsis: Evaluation and analysis on Impact of Mr. Biden’s foreign policy on various regional blocs. Background President Biden is an idealistic, supporter of multilateralism and is deeply committed to democratic values and principles. He is taking ...
- Sri Lanka Writes Off Strategic Colombo Port Deal With India & JapanSource: click here Syllabus: GS 2 Synopsis: Sri Lanka’s has pulled out of a 2019 Colombo Port deal with India and Japan. The agreement was for developing the strategic East Container Terminal (ECT) at the Colombo Port. Introduction India and Sri Lanka signed a Memorandum of Understanding(MoU) for cooperation on economic projects in ...
- India- Myanmar relations after CoupSynopsis: India has a deep security relationship with the Myanmar military. It is not in India’s interest to intervene in Myanmar’s politics. Introduction Military rule has returned to Myanmar after a coup. Aung San Suu Kyi along with the political leadership has been detained by the Military. Similar events took place in ...
- India-Sri Lanka Maritime dispute – ExplainedRecently four fishermen from Tamil Nadu died while fishing in Palk Bay. The cause of death is still not clear. But the Indian government has registered its strong protest with India-Sri Lanka. The arrest and death of fishermen by the Sri-Lankan government is a frequent issue. A press note mentions, “between ...
- “Indo-French Year of the Environment” launched towards a Greener PlanetWhat is the News? The Indo-French Year of the Environment launched for the period 2021-22. About Indo-French Year of the Environment Objective: To strengthen Indo-French cooperation towards climate change and environment protection. This platform would be used for discussions on critical areas of collaboration relating to the environment and allied areas. Themes: The cooperation would ...
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