GS-2, International Relations, Uncategorized

India signs agreement with IBRD

The Government of India and the World Bank have signed a US$ 9.2 million grant agreement under the World Bank-Global Environment Facility (GEF) Program for the Efficient and Sustainable City Bus Service Project to improve the efficiency and attractiveness of bus services in select Indian cities. Key facts: The project will demonstrate low cost high… Continue reading India signs agreement with IBRD

Editorials, GS-2, GS-3, Uncategorized

India and the NSG

Recently, India rejected China’s contention that it must sign the NPT to get membership of the Nuclear Suppliers Group, saying France was included in the elite group without signing the Non-Proliferation Treaty. All you need to know about the issue: What is NSG? Nuclear Suppliers Group (NSG) is a multinational body concerned with reducing nuclear… Continue reading India and the NSG

GS-2, International Relations, Uncategorized

The fee for NSG membership

The Hindu News: China’s announcement that it intends to oppose India’s membership of the Nuclear Suppliers Group unless it agrees to sign the Non-Proliferation Treaty (NPT). For the past year, India had made admission to the 48-member NSG a focus of its international outreach, though membership has been a goal since the India-U.S. civil nuclear… Continue reading The fee for NSG membership

GS-2, International Relations, Uncategorized

UK exit could be good for Europe

Brexit(Britain’s exit) from the European Union(EU) What is the European Union? The European Union – often known as the EU – is an economic and political partnership involving 28 European countries. It began after World War Two to foster economic co-operation, with the idea that countries which trade together are more likely to avoid going… Continue reading UK exit could be good for Europe

GS-2, International Relations, Uncategorized

East Asia Summit (EAS)

East Asia Summit is a unique Leaders-led forum of 18 countries of the Asia-Pacific regionformed to further the objectives of regional peace, security and prosperity. Why is EAS important? 10 East Asia Summits have been held so far. India has been a part of this process since its inception in 2005. Think of it this way –… Continue reading East Asia Summit (EAS)

GS-2, International Relations, Uncategorized

Gulf Cooperation Council (GCC)

6 energy rich gulf countries and the India's evolving relationship with this regional grouping. The Gulf Cooperation Council (GCC) is a regional political organisation comprising the energy rich Gulf monarchies – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. When and why was it founded? Establishment in Abu Dhabi in 1981 |… Continue reading Gulf Cooperation Council (GCC)

GS-2, International Relations, Uncategorized

Significance of RCEP for India?

Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement (FTA) between – The 10 members of ASEAN Additional members of ASEAN +3 = China, Japan, South Korea Members with which ASEAN countries have FTA = India, Australia, New Zealand RCEP includes more than 3 billion people, has a combined GDP of about $17… Continue reading Significance of RCEP for India?

International Relations, Uncategorized

Bretton Woods Institutions – World Bank Group

  Source-Worldbank   World Bank is a vital source of financial and technical assistance to developing countries around the world. This is not only a bank in the ordinary sense but a unique partnership to reduce poverty and support development. When? 1944 Headquarter: Washington, D.C. Publications- global economic prospects, Ease of doing business index There… Continue reading Bretton Woods Institutions – World Bank Group

GS-2, International Relations, Uncategorized

Bretton Woods Institutions – IMF

Where? In Bretton Woods, New Hampshire in 1944 during the United Nations Monetary and Financial Conference at the Mount Washington Hotel <That’s why IMF and World Bank are known as Bretton Woods twins> The aim was to help rebuild the shattered post-war economy ( WW2 had just finished in 1945) and to promote international economic… Continue reading Bretton Woods Institutions – IMF

GS-2, International Relations, Uncategorized

Indian-Ocean Rim Association (IORA)

When was IORA conceived? 1997 in Ebene Cyber City, Mauritius Origins: First established as Indian Ocean Rim Initiative in Mauritius on March 1995 and formally launched in 1997 by the conclusion of a multilateral treaty known as the Charter of the Indian Ocean Rim Association for Regional Cooperation. It is based on the principles of Open… Continue reading Indian-Ocean Rim Association (IORA)