What 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 to… Continue reading Sri Lanka settles “Currency Swap Facility” with India
Tag: IR_0
Chinese energy projects near Tamil Nadu cleared by Sri Lanka
What 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 hybrid… Continue reading Chinese energy projects near Tamil Nadu cleared by Sri Lanka
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… Continue reading Why India-EU trade pact is still difficult to achieve?
Sri Lanka has pushed India and Japan out from the Colombo Terminal Project
Synopsis – 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. Contents0.0.1 Background-0.1 Significance of the ECT Project for India –1 What… Continue reading Sri Lanka has pushed India and Japan out from the Colombo Terminal Project
Lessons from the past for way forward in Myanmar
Source: 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 to… Continue reading Lessons from the past for way forward in Myanmar
U.S foreign policy: The road ahead
Source: 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… Continue reading U.S foreign policy: The road ahead
Sri Lanka Writes Off Strategic Colombo Port Deal With India & Japan
Source: 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 2019. A… Continue reading Sri Lanka Writes Off Strategic Colombo Port Deal With India & Japan
India- Myanmar relations after Coup
Synopsis: 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 Myanmar 30 years… Continue reading India- Myanmar relations after Coup
India-Sri Lanka Maritime dispute – Explained
Recently 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 January 2015 to January… Continue reading India-Sri Lanka Maritime dispute – Explained
“Indo-French Year of the Environment” launched towards a Greener Planet
What 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… Continue reading “Indo-French Year of the Environment” launched towards a Greener Planet
