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 […]
Category: International Relationship Current Affairs
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 […]
Conference On Disarmament
The Conference On Disarmament: The Conference on Disarmament (CD) is being held in Geneva. At the conference, India expressed deep concern over the proliferation of weapons of mass destruction and their delivery systems that could endanger peace and security, saying the possibility of terrorists acquiring such weapons necessitates the global community to work together to […]
North Korea Missile Program
North Korea Has Warned The UN Security Council Against Criticising The Isolated Country’s Missile Programme: North Korea has warned the UNSC about the consequences it will bring in the future in case it tries to encroach upon the sovereignty of North Korea. It has accused the UN body of a “double-dealing standard” because it doesn’t […]
ISA Summit Between India And The United States 2021
The Industrial Security Agreement (ISA) Summit Between India And The United States: The Industrial Security Agreement (ISA) summit between India and the United States was held between September 27 to October 01, 2021 at New Delhi. The summit was organised to develop protocol for the exchange of classified information between the defence industries of both […]
