After months of political debate, the German government announced on January 25 that it would send Leopard 2 main battle tanks (MBTs) to Ukraine. The decision marks Germany’s shift from its policy of Ostpolitik — an approach followed in an effort to bridge Berlin’s divisions and “bring change through trade”. …
Read More »INDIA, RUSSIA DISCUSSION ON PAYMENT MECHANISM
With bilateral payments still not streamlined against the backdrop of Western sanctions, especially for defence deals, India and Russia are set to hold bilateral financial meetings under the framework of the Inter-Governmental Commission in the second half of February as part of ongoing efforts to iron out a mechanism, officials …
Read More »FIRST G20 ENERGY TRANSITION WORKING GROUP MEETING
Shri Alok Kumar, Secretary, Ministry of Power briefing media in Bengaluru said that, the first G20 Energy Transition Working Group (ETWG) Meeting under India’s Presidency will be held in Bengaluru, from Feb 5-7, 2023. The meeting will have over 150 participants including G20 member countries, nine special invitee guest countries – …
Read More »1ST G20 HEALTH WORKING GROUP MEETING
Highlighting the philosophy of “Aarogyam Param Bhagyam, SwasthyamSarwaarthSadhanam”, which translates as “Good Health is the Greatest Fortune” and “Health is the only way to Happiness in the World”, Dr Bharati Pravin Pawar, Union Minister of State for Health and Family Welfare stated that “under G20 India Presidency, we plan to strive …
Read More »INDIA PARTICIPATES IN THE FMC LEADERSHIP MEETING OF THE WEF
India participated in the First Movers Coalition (FMC) Leadership Meeting of the World Economic Forum which deliberated on the world need for clean energy technologies to confront climate crisis globally. Industry leaders appreciated India’s fight against COVID leveraging digital technologies and also expressed their appreciation for Government partnering with industry …
Read More »‘UAE, INDIA DISCUSS RUPEE NON-OIL TRADE’
The United Arab Emirates is in early discussions with India to trade non-oil commodities in Indian rupees, Emirati Minister for Foreign Trade Thani Al Zeyoudi said on Thursday. The UAE signed a wide-ranging free trade agreement last year with India, which, along with China, is among the biggest trade partners …
Read More »ENTERING A YEAR OF UNCERTAINTY AND THE REALM OF GEOPOLITICS
Soothsayers seldom read the future correctly, especially in the realm of geopolitics. Quite a few soothsayers, however, were partially right at the beginning of 2022 when they said that uncertainty and impermanence would dictate the course of world events that year. The year did witness a spike in geopolitical challenges …
Read More »CHINA’S OIL GAMBIT IN TALIBAN’S AFGHANISTAN
The signing of a multi-million-dollar deal between Xinjiang Central Asia Petroleum and Gas Co and the Taliban in Kabul is being marketed by the latter as its first major economic win since the return of the Islamic Emirate in August 2021. The deal, estimated to be $540 million, gives Beijing …
Read More »U.K., JAPAN INK DEFENCE PACT ALLOWING TROOP DEPLOYMENTS
The U.K. and Japan, on Wednesday, signed a defence pact, which will permit the deployment of troops in each other’s countries and increase security cooperation. The move comes as Britain is undertaking a ‘tilt’ towards the Indo-Pacific in its foreign and security policy. “The Reciprocal Access Agreement is hugely significant …
Read More »INDIA AUSTRALIA ECONOMIC COOPERATION AND TRADE AGREEMENT
It helps matters that Australia exports largely raw materials to India, while India exports finished goods. The ECTA builds on this complementarity, creating win-win opportunities for the two countries. The coming into force of Ind – Aus ECTA brings together two major economies of the world – India the 5th …
Read More »