Context Russia hosted the seventh Eastern Economic Forum (EEF) Vladivostok from September 5 to 8. The four-day forum is a platform for entrepreneurs to expand their businesses into Russia’s Far East (RFE). What is the Eastern Economic Forum? The EEF …
About G20 Founded in 1999, the Group of Twenty (G20) is the premier forum for its members’ international economic cooperation and decision-making. The G20 comprises Argentina, Australia, Brazil, Canada, China, European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, …
What’s in News: India and China announced that their armies have begun to disengage from Patrolling Point-15 in the Gogra-Hotsprings area of Eastern Ladakh. The friction points that remain now are Demchok and Depsang, which China has constantly refused to …
Why in News: Marking progress on the delayed implementation of the $500 million defence Line of Credit (LoC) extended by India to Bangladesh, Bangladesh has recently shared a wish list of military platforms and systems that its armed forces would …
Context The Union government has revved up its interest in using Iran’s Chabahar port to connect to Afghanistan and Central Asia for trade, with the visit of the Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal to the port …
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 …
Why in News? Recently, The US House of Representatives passed a legislative amendment that exempts India from economic sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA) , for purchasing the S-400 missile defence system from Russia in 2018. …
Context U.S. President Joe Biden along with his G7 allies recently unveiled the ambitious Partnership for Global Infrastructure and Investment (PGII), announcing the collective mobilisation of $600 billion by 2027 to deliver “game-changing” and “transparent” infrastructure projects to developing and …