Today's Headlines - 22 July 2023
India, Sri Lanka adopt vision document
GS Paper - 2 (International Relations)
India and Sri Lanka adopted an ambitious vision document to significantly expand economic partnership after wide-ranging talks between Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe. In his statement, the PM, referring to the economic difficulties in Sri Lanka last year, said India stood "shoulder-to-shoulder" with the people of the island nation during the crisis as a close friend.
More about the document
An agreement for launch of the UPI payment system in Sri Lanka will result in fintech connectivity between the two sides.
The security interests and development of India and Sri Lanka are intertwined and it is necessary to work together keeping in mind each other's security interests and sensitivities. A vision document for economic partnership has been adopted.
The vision is to accelerate mutual cooperation in areas of tourism, power, trade, higher education, skill development and connectivity.
The vision is to strengthen maritime, air, energy and people-to-people connectivity between the people of both the countries.
It was decided that talks will start soon on an agreement on economic and technological cooperation.
A feasibility study will be conducted on the India-Sri Lanka petroleum pipeline.
On the fishermen issue, the prime minister said it should be handled under a humanitarian approach.
#upsc #news #india #srilanka #document #ambitious #economic #launch #agreement #UPI #payment #development #cooperation #tourism #technological #cooperation #feasibility #study #petroleum #pipeline
India, Sri Lanka adopt vision document
GS Paper - 2 (International Relations)
India and Sri Lanka adopted an ambitious vision document to significantly expand economic partnership after wide-ranging talks between Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe. In his statement, the PM, referring to the economic difficulties in Sri Lanka last year, said India stood "shoulder-to-shoulder" with the people of the island nation during the crisis as a close friend.
More about the document
An agreement for launch of the UPI payment system in Sri Lanka will result in fintech connectivity between the two sides.
The security interests and development of India and Sri Lanka are intertwined and it is necessary to work together keeping in mind each other's security interests and sensitivities. A vision document for economic partnership has been adopted.
The vision is to accelerate mutual cooperation in areas of tourism, power, trade, higher education, skill development and connectivity.
The vision is to strengthen maritime, air, energy and people-to-people connectivity between the people of both the countries.
It was decided that talks will start soon on an agreement on economic and technological cooperation.
A feasibility study will be conducted on the India-Sri Lanka petroleum pipeline.
On the fishermen issue, the prime minister said it should be handled under a humanitarian approach.
#upsc #news #india #srilanka #document #ambitious #economic #launch #agreement #UPI #payment #development #cooperation #tourism #technological #cooperation #feasibility #study #petroleum #pipeline
Today's Headlines - 11 September 2023
India-Middle East-Europe mega economic corridor
GS Paper - 2 (International Relations)
Prime Minister Narendra Modi announced the launch of the India-Middle East-Europe mega economic corridor. The project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US.
What is the project?
The rail and shipping corridor is part of the Partnership for Global Infrastructure Investment (PGII) — a collaborative effort by G7 nations to fund infrastructure projects in developing nations. PGII is considered to be the bloc’s counter to China’s Belt and Road Initiative.
The project will aim to enable greater trade among the involved countries, including energy products.
It could also be one of the more ambitious counters to China’s massive infrastructure program, through which it has sought to connect more of the world to that country’s economy, AP said.
The corridor will include a rail link as well as an electricity cable, a hydrogen pipeline and a high-speed data cable, according to a document prepared by European Commission President Ursula von der Leyen.
The document also called the project “a green and digital bridge across continents and civilizations.”
Why is the project being proposed?
First, it would increase prosperity among the countries involved through an increased flow of energy and digital communications.
Second, the project would help deal with the lack of infrastructure needed for growth in lower- and middle-income nations.
Third, it could help “turn the temperature down” on “turbulence and insecurity” coming out of the Middle East
#upsc #headline #news #india #middle #East #Europe #mega #economic #corridor #international #relations #UAE #saudiarabia #europeanunion #france #Itlay #germany #US #project #rail #PGII #China #BELT #Road #intiative #ountries #trade #hydrogen #pipeline #speed #data #cable #civilizations #infrastructure #income #nations #turbulence #insecurity #prosperity
India-Middle East-Europe mega economic corridor
GS Paper - 2 (International Relations)
Prime Minister Narendra Modi announced the launch of the India-Middle East-Europe mega economic corridor. The project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US.
What is the project?
The rail and shipping corridor is part of the Partnership for Global Infrastructure Investment (PGII) — a collaborative effort by G7 nations to fund infrastructure projects in developing nations. PGII is considered to be the bloc’s counter to China’s Belt and Road Initiative.
The project will aim to enable greater trade among the involved countries, including energy products.
It could also be one of the more ambitious counters to China’s massive infrastructure program, through which it has sought to connect more of the world to that country’s economy, AP said.
The corridor will include a rail link as well as an electricity cable, a hydrogen pipeline and a high-speed data cable, according to a document prepared by European Commission President Ursula von der Leyen.
The document also called the project “a green and digital bridge across continents and civilizations.”
Why is the project being proposed?
First, it would increase prosperity among the countries involved through an increased flow of energy and digital communications.
Second, the project would help deal with the lack of infrastructure needed for growth in lower- and middle-income nations.
Third, it could help “turn the temperature down” on “turbulence and insecurity” coming out of the Middle East
#upsc #headline #news #india #middle #East #Europe #mega #economic #corridor #international #relations #UAE #saudiarabia #europeanunion #france #Itlay #germany #US #project #rail #PGII #China #BELT #Road #intiative #ountries #trade #hydrogen #pipeline #speed #data #cable #civilizations #infrastructure #income #nations #turbulence #insecurity #prosperity