What’s in the news? India and Greece have agreed to upgrade bilateral ties to the level of strategic partnership. Announcing the decision in Athens, Prime Minister Narendra Modi said two countries will collaborate in the field of defence industry and …
About BRICS BRICS brings together five major emerging economies- China, Brazil, Russia, India and South Africa. These 5 countries host 41% of the world population, contributing 24% of the world GDP and over 16% share in world trade. The grouping …
About BRICS BRICS brings together five major emerging economies- China, Brazil, Russia, India and South Africa. These 5 countries host 41% of the world population, contributing 24% of the world GDP and over 16% share in world trade. The grouping …
About ASEAN The Association of Southeast Asian Nations, or ASEAN, is a regional & intergovernmental organisation of 10 countries of southeast Asia. ASEAN was established in 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration). Its …
About AIIB The Asian Infrastructure Investment Bank (AIIB) is an international development bank that provides financing for infrastructure projects in Asia. Headquartered in Beijing, it began operations in 2016. It includes more than 100 members worldwide (India is a founder …
What’s in the news? Remittances to the country by non-resident Indians rose 26% on year to about $112.5 billion in FY23, underscoring the surge in demand for Indian professionals globally after the pandemic. Remittances to India were $89.1 billion in …
About BRI China’s Belt and Road Initiative aims to strengthen Beijing’s economic leadership through a vast program of infrastructure building throughout China’s neighbouring regions. Launched in 2013 by President Xi Jinping, the plan was two-pronged: the overland Silk Road Economic …
About ADB The Asian Development Bank (ADB) was founded in 1966 with the primary mission of fostering growth and cooperation among countries in the Asia-Pacific Region. It is headquartered in Manila, Philippines. At present, ADB comprises 68 members (including India)- …
About EU The European Union (EU) is a unique economic and political union between 27 European countries. The United Kingdom, which had been a founding member of the EU, left the organization in 2020. The EU was created by the …
Context World Trade Organisation (WTO) reform has been on the global agenda for a while including that of the G20, whose members are key players in the WTO. The recently concluded meeting of the G20 working group on trade and …