News:The US State Department has approved the sale of missiles and torpedoes worth $155 million to India. Facts: Harpoon Block II Missile: It is an anti-ship missile capable of performing both land-strike and anti-ship missions. It would be integrated into the P-8I aircraft to conduct anti-surface warfare missions in defense of critical sea lanes. MK… Continue reading US Approves Sale of Military Hardware
Tag: India
India, US in talks for dollar swap line
News:India is working with the United States to secure a dollar (currency) swap line that would help in providing an additional comfort in an event of any abrupt outflow of funds. Facts: Dollar Swap arrangement: Under this, the US Federal Reserve will provide dollars to a foreign central bank. At the same time,the foreign central… Continue reading India, US in talks for dollar swap line
Indo-U.S. Science & Technology Forum(IUSSTF)
News:Indo-U.S. Science & Technology Forum(IUSSTF) has created long-term Science and Technology(S&T) linkages between India & US. Facts: About IUSSTF: The Indo-U.S Science and Technology Forum(IUSSTF) was established under an agreement between the Governments of India and the United States of America in March 2000. It is an autonomous bilateral organization jointly funded by both the… Continue reading Indo-U.S. Science & Technology Forum(IUSSTF)
Cabinet approves MoU between India and Côte d’ivoire for cooperation in the field of Health
News:The Union Cabinet has approved an MoU between India and the Republic of Cote d’Ivoire on Cooperation in the field of Health. Facts: About Côte d’Ivoire: Côte d’Ivoire or Ivory Coast is located on the south coast of West Africa. It’s political capital is Yamoussoukro while its economic capital and largest city is the port… Continue reading Cabinet approves MoU between India and Côte d’ivoire for cooperation in the field of Health
India-Myanmar Relations
News:The President of Myanmar has visited India.During his visit,several agreements were signed between both the countries. Facts: About the MoUs signed:The two countries signed agreements in various fields such as: MoU on Cooperation for Prevention of Trafficking in Persons Agreement regarding Indian Grant Assistance for Implementation of Quick Impact Projects (QIP) Project Agreement for construction… Continue reading India-Myanmar Relations
US President’s Visit to India
News:The US President is on a visit to India.During his visit,several agreements were signed between India and the United States. Facts: India and the United States have decided to upgrade their bilateral relationship to a Comprehensive Global Strategic Partnership(CGSP). The CGSP will include issues such as defence, security cooperation and revitalisation of the Indo-Pacific with… Continue reading US President’s Visit to India
US becomes India’s top trading partner
News:According to the 2018-19 data from the Commerce Ministry, the United States has become India’s top trading partner surpassing China. Facts: In 2018-19,the bilateral trade between the US and India stands at USD 87.95 billion as compared to USD 87.07 billion with China. India has a trade surplus of USD 16.85 billion with the USA… Continue reading US becomes India’s top trading partner
GSI discovers gold deposits in Sonbhadra district of Uttar Pradesh
News:The Geological Survey of India(GSI) has discovered gold deposits of around 3,000 tonnes in Sonbhadra district of Uttar Pradesh almost five times India’s current reserve of the yellow metal. Facts: About Gold Reserves: According to the World Gold Council,India is the 10th largest gold reserve country in the world with gold reserves of around 626… Continue reading GSI discovers gold deposits in Sonbhadra district of Uttar Pradesh
India becomes 5th largest economy, overtakes UK, France:Report
News:According to a US-based think tank World Population Review,India has emerged as the world’s fifth largest economy by overtaking the UK and France in 2019. Facts: Key takeaways from the report: India’s economy is the fifth largest in the world with a GDP of $2.94 trillion. In purchasing power parity(PPP) terms, India’s GDP (PPP) is… Continue reading India becomes 5th largest economy, overtakes UK, France:Report
India, Portugal ink seven pacts
News:Indian and Portugal Prime Ministers have signed seven agreements to boost cooperation in a range of areas. Facts: About the agreements: The pacts provide for cooperation in areas of investment, transport, ports, culture and industrial and intellectual property rights. They have also signed cooperation to promote Maritime Transport between the two countries for better operation… Continue reading India, Portugal ink seven pacts
