New Development Bank : Dilma Roussef As New Head Former Brazilian President Dilma Rousseff has been “unanimously elected” as the head of the New Development Bank (NDB) recently. NDB was formed to support infrastructure and sustainable development efforts in BRICS and other underserved, emerging economies for faster development through innovation and cutting-edge technology. It is […]
Category: International Relationship Current Affairs
IMF Bailouts
IMF Bailouts: The International Monetary Fund (IMF) recently confirmed a USD 3 billion bailout plan (under Extended Fund Facility (EFF)) for Sri Lanka’s struggling economy. Bailout is a general term for extending financial support to a company or a country facing a potential bankruptcy threat. It can take the form of loans, cash, bonds, or […]
G20 RIIG Conference
G20 RIIG Conference: The G20 RIIG (Resource Efficiency and Circular Economy Innovation Group) Conference will take place on March 23, bringing together experts, policymakers, and industry leaders from around the world. The conference will focus on the theme of building a sustainable and circular bio-economy, and discussions will cover various topics related to this critical […]
Indo-Pacific Economic Framework For Prosperity
Indo-Pacific Economic Framework For Prosperity: An Inter-Ministerial delegation from India led by the Department of Commerce participated in the second Indo-Pacific Economic Framework for Prosperity (IPEF) negotiating round in Bali, Indonesia from March 13-19, 2023. Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by United States President Joe Biden on May 23, […]
Removal Of Red Notice Against Mehul Choksi
Removal Of Red Notice Against Mehul Choksi: Interpol, the global police body, has removed the red notice against Mehul Choksi, a fugitive wanted by India in the USD 2 billion Punjab National Bank fraud case. The Interpol red notice removal doesn’t affect India’s investigations or extradition request. Its notices are international requests for cooperation or […]
Arrest Warrant For War Crimes For President Vladimir Putin : ICC
Arrest Warrant For War Crimes For President Vladimir Putin : ICC The International Criminal Court (ICC) issued an arrest warrant for war crimes for President Vladimir Putin and a second Russian official. This is the first time that the ICC has issued an arrest warrant against one of the five permanent members of the United […]
Critical Minerals Project : India And Australia
Critical Minerals Project : India And Australia India and Australia have reached a significant milestone in working towards investment in critical minerals projects to develop supply chains between the two countries. Two lithium and three cobalt projects are among the five target projects that CMIP has chosen for thorough due diligence. Australia produces almost half […]
Doha Political Declaration On LDC
Doha Political Declaration On LDC: Doha Political Declaration was adopted by the head of the states at the recently concluded Fifth United Nations Conference on the Least Developed Countries (LDC5). Doha Political Declaration is a key outcome of the second part of the LDC5 conference held under the theme “From Potential to Prosperity” in Qatar. […]
India-US Pact On Semiconductor
India-US Pact On Semiconductor: India and the US have signed Memorandum of Understanding (MoU) on establishing the Semiconductor Supply chain during India – USA 5th Commercial Dialogue 2023, which can help India realize its long-nurtured dream of becoming a hub for electronic goods. The MoU seeks to establish a collaborative mechanism between the two governments […]
AUKUS Meet 2023
AUKUS Meet 2023: AUKUS meet was held recently. Australia, United States, and United Kingdom (AUKUS) Alliance is a trilateral security partnership for the Indo-Pacific, between Australia, the UK, and the US (AUKUS). It is based on a shared commitment of its three members to deepen diplomatic, security, and defense cooperation in the Indo-Pacific. Under it, […]
