China-Pakistan Economic Corridor (CPEC): The chief of the China-Pakistan Economic Corridor (CPEC) Authority has accused the U.S. of sabotaging the multi-billion dollar project, the economic lifeline of Pakistan. Pakistan is the seventh largest recipient of Chinese overseas development financing with 71 projects worth $27.3 billion under way as part of the CPEC. CPEC launched in […]
Category: International Relationship Current Affairs
Mauritius Out Of The Grey List: FATF
Mauritius Out Of Its Grey List: FATF The Financial Action Task Force (FATF) has moved Mauritius out of its grey list. Mauritius has strengthened the effectiveness of its anti-money laundering and terror financing process, and has addressed related technical deficiencies to meet the commitments in its action plan regarding the strategic deficiencies that the FATF […]
G7 Digital Trade Principles
G7 Digital Trade Principles: The Group of Seven (G7) wealthy nations agreed on a joint set of principles to govern cross-border data use and digital trade. The deal is a first step in reducing trade barriers, and could lead to a common rulebook of digital trade. Earlier, India attended the 47th G7 Summit as a […]
Singapore International Arbitration Centre (SIAC)
Singapore International Arbitration Centre (SIAC): The Singapore-based arbitrator, SIAC, has rejected Future Retail’s plea to lift the interim stay on its ₹24,713-crore deal with Reliance Retail, giving a major relief to Amazon that is contesting the transaction. This order now restrains Future Group and Reliance Industries Limited from proceeding with a Rs 24,713-crore deal signed […]
Turkey On FATF Grey List
Turkey On FATF Grey List: The Financial Action Task Force (FATF) has added Turkey, along with Jordan and Mali, in its revised list of “jurisdictions under increased monitoring”, also known as the FATF grey list. There are now 23 countries in the list. If countries fail to prevent international money laundering and terrorist financing, then […]
FATF Retains Pakistan On Grey List
FATF Retains Pakistan On Grey List: The Financial Action Task Force (FATF) retained Pakistan in the ‘greylist’ or ‘increased monitoring list’. The FATF also announced the ‘greylisting’ of Jordan, Mali and Turkey. Botswana and Mauritius had been taken out of the grey list. Pakistan is retained for failing to effectively implement the global FATF standards […]
New Quadrilateral Economic Forum
New Quadrilateral Economic Forum: India, Israel, the United Arab Emirates and the United States have decided to launch a new quadrilateral economic forum, as External Affairs Minister S. Jaishankar joined his counterparts at a videoconference from Jerusalem, where he is on a five-day visit. The quadrilateral builds on ongoing cooperation between the U.S., Israel and […]
Rail Link Between Nepal And India
Rail Link Between Nepal And India: The first stretch of rail link between Nepal and India is ready to resume on the neighbouring country’s first-ever broad gauge passenger service (Jainagar-Bijalpura-Bardibas railway project). The rail link between Nepal and India has been popular since the early 20th century. In 1937, the British had built a narrow […]
Countering America’s Adversaries Through Sanctions Act (CAATSA)
Countering America’s Adversaries Through Sanctions Act (CAATSA) In the first such signal to New Delhi, visiting US Deputy Secretary of State Wendy Sherman has indicated that Washington might reconsider slapping sanctions on the Indian government when New Delhi takes delivery of five Russian-built S-400 Triumf anti-aircraft missile systems in a US$5.5 billion deal later this […]
UN Peacekeepers
UN Peacekeepers: A total of 836 troops from the Indian Army serving with the UN peacekeeping mission in South Sudan have been awarded the United Nations medal for their services to ensure durable peace in the world’s youngest country. The civilian, police and military personnel from 73 countries serving with the United Nations Mission in […]
