India, US sign landmark defence pact BECA

News:India and the US have signed the Basic Exchange and Cooperation Agreement(BECA) for geo-spatial cooperation. Facts: What is BECA? It is a communication agreement between the National Geospatial-Intelligence Agency of the US Department of Defence and the Ministry of Defence of the Government of India. Purpose: It allows India and the US to share military… Continue reading India, US sign landmark defence pact BECA

India, Denmark elevate ties to ‘green strategic partnership’

News: India and the Kingdom of Denmark have launched the Green Strategic Partnership for delivering sustainable solutions to India. Facts: Green Strategic Partnership: The Partnership will focus on expanding economic ties, green growth and cooperation on global challenges such as climate change.  Green growth is a term to describe a path of economic growth that… Continue reading India, Denmark elevate ties to ‘green strategic partnership’

India and Japan sign Memorandum of Cooperation in field of cybersecurity

News: Union Cabinet has given its approval for signing a Memorandum of Cooperation(MoC) in the field of cybersecurity between India and Japan. Facts: Aim: The Memorandum of Cooperation(MoC) will enhance cooperation in areas of mutual interest which in­clude:  Capacity building in the area of cyberspace Protection of critical infrastructure Cooperation in emerging technologies Sharing information… Continue reading India and Japan sign Memorandum of Cooperation in field of cybersecurity

India-China standoff casts shadow on Nathu La border trade

News: The tensions between India and China has affected trade along the Nathu La. Facts: Nathu La: It is a mountain pass in the Himalayas connecting Sikkim with Chumbi Valley of the Tibetan Plateau in China. It is one of the three open trading border posts between China and India; the others being Shipkila in… Continue reading India-China standoff casts shadow on Nathu La border trade

India, China agree on 5-point plan to de-escalate LAC stand-off

News: India and China have agreed on five points to guide their approach to the situation on the Line of Actual Control(LAC). Facts: Five Points: India and China should take guidance from the consensus of the leaders on developing India-China relations including not allowing differences to become disputes. The current situation in the border areas… Continue reading India, China agree on 5-point plan to de-escalate LAC stand-off

India, Japan ink mutual military logistics agreement

Facts:  India and Japan have signed the mutual logistics agreement called the “Reciprocal Provision of Supplies and Services agreement”. The agreement allows the militaries of the two countries to use each other’s bases and facilities for repair and replenishment of supplies. India has already signed similar logistics agreements with the US, , Australia, France and… Continue reading India, Japan ink mutual military logistics agreement

Explained: China twist in India-Bangladesh Teesta river challenge

News: Bangladesh is discussing an almost $1 billion loan from China for a comprehensive management and restoration project on the Teesta river.  Facts: Teesta River: It is a tributary of the Brahmaputra (known as Jamuna in Bangladesh), flowing through India and Bangladesh. Origin: The river rises in the eastern Himalayas flows through the Indian states… Continue reading Explained: China twist in India-Bangladesh Teesta river challenge

India announces $500 mn package for Maldives

News: India has announced a slew of connectivity measures for the Maldives in an effort to help Maldives deal with the economic impact of the COVID-19 pandemic. Facts: Key Measures: Greater Male Connectivity Project: It is a 6.7 kilometre bridge project connecting Male with Gulhifalhu Port and Thilafushi industrial zone that will help revitalise and… Continue reading India announces $500 mn package for Maldives

RBI signs $400 mn currency swap with Sri Lanka

News: The Reserve Bank of India(RBI) has signed a $400-million currency swap facility with Sri Lanka under the SAARC Currency Swap Framework 2019-22. Facts: Currency Swap: The term Swap means exchange.Under this, a country provides dollars to a foreign central bank which at the same time provides the equivalent funds in its currency to the… Continue reading RBI signs $400 mn currency swap with Sri Lanka

US remains India’s top trading partner in 2019-20

News: Ministry of Commerce and Industry has released the data on Bilateral trade between India-US for 2019-20. Facts: Key Takeaways: Largest Trading Partner: United States(US) has remained India’s top trading partner for the second consecutive fiscal in 2019-20. The bilateral trade between the US and India stood at $ 88.75 billion in 2019-02 as against… Continue reading US remains India’s top trading partner in 2019-20