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Why in the news? The Gulf Cooperation Council (GCC), a key energy bloc, maintains strong economic ties with India, highlighted by substantial trade and expatriate remittances, emphasizing its role as India’s largest regional partner and a strategic ally in global dynamics. India-GCC Bilateral Relations India and the GCC share strong economic ties, with bilateral trade …
Read MoreSyllabus: GS 2: India and neighbourhood relations Effect of policies and politics of regional countries. Why in the News? Sri Lanka’s new President, Anura Kumara Dissanayake, visited India to strengthen bilateral ties. The visit resulted in agreements focusing on LNG supplies, trade enhancement, education, technology exchanges, and promoting Indian FDI in Sri Lanka. India-Sri Lanka …
Read MoreRelevance: GS 2 – Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests Why in the News? The partnership traces back centuries, linked through ancient trade routes and cultural exchanges. The UAE, located on the Arabian Peninsula, has historically served as a key trading partner and gateway to the Gulf region …
Read MoreWhy in the news? RBI and Maldives Monetary Authority signed an MoU to promote using Indian Rupee and Maldivian Rufiyaa for cross-border transactions, enhancing trade and deepening economic ties. MoU Between RBI and Maldives Monetary Authority: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU). The …
Read MoreWhy in the news? India and the US signed an agreement to strengthen critical mineral supply chains amid concerns over China’s control and recent export restrictions affecting cleantech industries. Agreement Details: Context: Amid rising concerns over China’s control of critical minerals, particularly in clean tech, India and the US signed an agreement to enhance the …
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