The government of Prime Minister Ranil Wickreme Singhe finalised an agreement to sell an 80% stake in the port’s operations for $ 1.1 billion to China Merchant Ports Holding Company Ltd, which also has the contract for the Colombo Port. Reason behind the move Sri Lanka took this step to service the debt on the... Continued.
In a major recognition of India’s efforts to benchmark global spices trade, the Codex Alimentarius Commission (CAC) has adopted three Codex standards for black, white and green pepper, cumin and thyme, paving the way for universal agreement on identifying quality spices in various countries. The member-countries of CAC, the international food standards-setting body which met... Continued.
What is Iran doing in Iraq? After the U.S. withdrew its troops from Iraq in 2011, Baghdad became increasingly dependent on Tehran on various avenues, from trade to security, which raised Iran’s global profile. Iran established a Shia corridor stretching from Tehran through Baghdad and Damascus to southern Lebanon where Hezbollah operates. But Iran’s strategic... Continued.
As per the World Bank, India is the largest remittance receiving country in the world in 2016. Remittances received by top 4 countries in 2016 are given in table below. Top Four Remittance-Receiving Countries in the World (US$ billion)... Continued.
India, Japan civil nuclear deal comes into force (Relevant for GS Prelims and GS Mains Paper II, III)
The pact was signed in Tokyo during the visit of Prime Minister Narendra Modi to Japan in November 2016. 1. This Agreement is a reflection of the strategic partnership between India and Japan and will pave the way for enhanced cooperation in energy security and clean energy. 2. It seeks to promote full cooperation between... Continued.
Development of Vizag-Chennai Industrial Corridor (Relevant for GS Prelims and GS Mains Paper II, III)
Government of India gave its concurrence for engaging Asian Development Bank (ADB) for carrying out feasibility study and preparing the Conceptual Development Plan (CDP) for East Coast Economic Corridor (ECEC) linking Kolkata in East through Chennai to Tuticorin in South in a phased manner in May, 2014. Government of Andhra Pradesh (GoAP) is implementing the... Continued.
For the last several years, the Saudi Government has been implementing Saudization programme aimed at reducing unemployment among Saudi nationals and to encourage the private sector to employ greater number of Saudi nationals as well as to reducing reliance on expatriate workers. Further, against the backdrop of declining oil prices, the Saudi Government has introduced... Continued.
Agreements and protocols to protect Holy Shrines in India Pakistan (Relevant for GS Prelims and GS Mains Paper II)
Pant -Mirza Agreement : Major General Mirza(Pakistan) and Pundit Pant (Indian freedom fighter and 1st Chief Minister of United provinces) had discussions on protecting the holy shrines in both countries in the Pant -Mirza Agreement,1955. About ‘Bilateral Protocol on Visits to Religious Shrines’ Visits by nationals of India and Pakistan to mutually agreed list of... Continued.
About Indian Community Welfare Fund (ICWF) ICWF, set up in 2009, is aimed at assisting Overseas Indian nationals in times of distress and emergency in the most deserving cases on a means tested basis. Apart from assisting Indian nationals in distress abroad, ICWF has been a critical support in emergency evacuation of Indian nationals in... Continued.
The U.S. administration’s decision to slap sanctions on 18 Iranian individuals and entities, only a day after it certified to Congress that Tehran was compliant with the conditions of the nuclear deal, sums up its strategic resolve in taking on the Islamic Republic and the tactical dilemma it faces while doing so. US President’s dislike... Continued.