Recently, the first-ever container cargo from Kolkata via Bangladesh’s Chattogram port has reached Agartala which has proved to be a “historic milestone” in the Indo-Bangladesh connectivity and economic partnership. India and Bangladesh have enhanced cooperation in shipping and inland water …
About Non-Aligned Movement The Non-Aligned Movement (NAM) was formed during the Cold War as an organization of States that did not seek to formally align themselves with either the United States or the Soviet Union, but sought to remain independent …
What are currency swap arrangements? In the swap arrangement, a country provides dollars to a foreign central bank, which, at the same time, provides the equivalent funds in its currency to the former, based on the market exchange rate at …
Context: There is speculation in the media that New Delhi could soon invite Australia to join the Malabar naval exercises to be held later this year. This article explains that India’s plan for naval coalition building alone will not credibly …
About the exercise Malabar began as a bilateral naval exercise between India and the U.S. in 1992, and was expanded into a trilateral format with the inclusion of Japan in 2015. Australia has been requesting for observer status in the …
What are they? Economic integration takes the form of the Preferential Trade Area, Free Trade Area, Customs Union, Common Market and Economic Union. A preferential trade area (PTA) is a trading bloc that gives preferential access to certain products from …
About BTIA India and the European Union (EU) have been negotiating a free trade agreement (FTA), officially called a Broad-based Trade and Investment Agreement (BTIA) since 2007 but have not been able to conclude it because of differences in some …
About Chabahar port Chabahar port, which is being jointly developed by India, Iran and Afghanistan, is located in south Iran on the Gulf of Oman. Pakistan’s Gwadar port is about 70 kilometers to the west along the coast. Afghanistan is …
About Equalisation Levy The 2% equalisation levy was introduced in the 2020-21 Budget and came into effect from April 1. It is a direct tax levied on any purchase by an Indian or India-based entity through an overseas e-commerce platform. …