US Sanctions on Banks engaged in Iranian oil transactions

United States announced new sanctions against foreign banks that assist Iran sell its oil. The fresh sanctions will target anyone buying Iranian petrochemicals or facilitating payments to Iran, including an Iraqi or Chinese Bank. This has been done to further ..

Month: Current Affairs - August, 2012

India, China to enhance Defense, Security Dialogue, reach $100 Billion Trade Target

India and China are ready to enhance defense and security dialogue and work in the direction of achieving the bilateral trade target of 100 billion dollars. The agreement reached on the sidelines of the Rio+20 Environment Summit during a dialogue ..

Month: Current Affairs - August, 2012

Aleppo: Syrian focus of Revolt against the Government

Aleppo, the city in Syria which was considered relatively safe government bastion, has now become the latest centre of the revolt against President Bashar Al-Assad. It is the largest city in Syria. The capital of Aleppo Governorate is the most ..

Month: Current Affairs - July, 2012

Vietnam offers ONGC Videsh Ltd contract for exploration in South China Sea

In order to sustain Indian presence in the hydrocarbon-rich South China Sea, Vietnam has decided to extend the contract for exploration of oil and gas resources in a significant oil block in the region to ONGC Videsh Ltd (OVL). OVL ..

Month: Current Affairs - July, 2012

India seeks early conclusion of FTA with ASEAN

India robustly insisted on early conclusion of a Free Trade Agreement (FTA) with ASEAN in services and investment and expansion of communication links with the member States of the 10-nation group which is considered one of the world’s fastest growing ..

Month: Current Affairs - July, 2012

India to provide humanitarian food assistance to Yemen

India will provide humanitarian food aid comprising rice to Yemen. The United Nations has urged the international community to help the Arab country in the period of political developments impacting its economy. The first consignment of the grain is scheduled ..

Month: Current Affairs - July, 2012

SC: ‘No commercial, tourism activity in Jarawa Reserve’

With a view to protecting the indigenous people, the Supreme Court has banned all commercial and tourism activities within a 5-km radius of the Jarawa Tribal Reserve on the Andaman and Nicobar Islands. Supreme Court upheld an October 30, 2007 ..

Month: Current Affairs - July, 2012

World’s longest cable-stayed bridge unveiled by Russia

Russia has brought out the world’s longest cable-stayed bridge (1,104 m) linking Vladivostok to Russky Island. Russia is spending 20 billion US dollars in pursuit of its Soviet-era dream of turning the port into a Russian version of San Francisco ..

Month: Current Affairs - July, 2012

The Indian Embassy in UAE to hold Open Days

The Indian Embassy in UAE decided to organize Open Days on a regular basis on the first Sunday of each month. The move aims to attend to the grievances of the local Indian community regarding consular, community and other matters.

Month: Current Affairs - June, 2012

Draft of SPA gets finalized b/w Afghanistan & Norway

Afghanistan and Norway gave final shape to the draft of the Strategic Partnership Agreement (SPA) b/w the two countries. The draft of the agreement is ready for signature and the two countries will ink it in September 2012. Afghanistan has ..

Month: Current Affairs - June, 2012