International

The BRICS Contingent Reserve Arrangement (CRA) is a framework for providing protection against global liquidity pressures. This includes currency issues where members’ national currencies are being adversely affected by global financial pressures. It is found that emerging economies that experienced rapid economic liberalization went through increased economic volatility, bringing uncertain macroeconomic environment. The CRA is … Read more

The United Nations Convention on the Law of the Sea (UNCLOS), also called the Law of the Sea Convention or the Law of the Sea treaty, defines the rights and responsibilities of nations in their use of the world’s oceans, establishing guidelines for businesses, the environment, and the management of marine natural resources. It replaced … Read more

The founder of India’s foreign policy, Nehru gave utmost importance to world peace in his policy planning. India desired peaceful and friendly relations with all countries, particularly the big powers and the neighboring nations. While signing a peace agreement with China; he advocated adherence to five guiding principles known as Panchsheel. Panchsheel includes the following … Read more

Changing geopolitics: UNSC still reflects the geopolitical architecture of the WW II despite the change in power relations in world. The developing nations, including India, now play a larger role in both the international economy and politics, yet are not represented in the forum.   Reforms Long Overdue: It was expanded only once in 1963 … Read more

It is a UN body It leads international efforts to defeat hunger It was Established in  1945. It is headquartered at Rome. In theory, acts as a neutral forum where all nations meet as equals to negotiate agreements and debate policy FAO is also a source of knowledge and information, and helps developing countries and … Read more

BCIM is a sub-regional organisation of Asian nations aimed at greater integration of trade and investment between the four countries. The multi-modal corridor will be the first expressway between India and China and will pass through Myanmar and Bangladesh. The advantages are envisaged to accrue from greater market access for goods, services and energy, elimination … Read more

The Organisation for Economic Co-operation and Development (OECD) is variously referred to as a think tank or monitoring group. Its stated goals include fostering economic development and cooperation; fighting poverty; and ensuring the environmental impact of growth and social development is always considered. Over the years, it has dealt with a range of issues, including … Read more

The G4 nations comprising Brazil, Germany, India and Japan are four countries which support each other’s bids for permanent seats on the United Nations Security Council.   The United Kingdom and France have backed the G4’s bid for permanent seats on the United Nations Security Council.   The G4 suggested that two African nations, in addition to … Read more

Indian government believe in maintaining good relations with neighbouring countries. Bangladesh is one of its close neighbour. India had recognised Bangladesh as a separate and independent state, did so on 6 December 1971. India fought together with the Bangladeshis to liberate Bangladesh from West Pakistan in 1971. Bangladesh and India share a common tradition. They … Read more

:  Areas of cooperation:     Trade and investment: $ 9 bn annual trade along with $8-9 bn informal trade. Indian investment in Bangladesh has reached $3 bn. Connectivity: The Padma Multipurpose Bridge and the Akhaura-Agartala Rail link. Waterways: to reduce the cost of trade Cyberspace: Bangladesh has provided cyber connectivity b/w the Int’l gateway at … Read more