Page-35 of India-International Relations

IOR countries to pursue open regionalism to stimulate growth

July 10, 2013

Trade and industry ministers of Indian Ocean Rim Association for Regional Cooperation (IORARC) member nations agreed to promote trade within the grouping to encourage economic cooperation and development in the strategic Indian Ocean region. India (Gurgaon) and Mauritius co-hosted the ..

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FIIs withdraw $5.6 billion from debt market in June 2013

July 6, 2013

Past June 2013 was quite unfortunate for Indian currency and Indian debt market as it saw a historic outflow of FIIs to the tune of $5.6 billion which was the highest ever withdrawal in the market’s history. A weak rupee ..

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India-China trade deficit expands to $12 billion

July 5, 2013

There is a 34% surge in the trade deficit b/w India-China that reached $ 12 billion in the first five months of 2013, portraying a grim picture for Indian exports as bilateral trade continued to decrease, discouraging hopes of attaining a trade volume ..

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India rejects Snowden's request seeking political asylum

July 5, 2013

India turned down USA whistleblower Edward Snowden’s request seeking political asylum. The Indian Embassy in Moscow had received a communication containing a request for asylum. Earlier, Snowden, currently sheltered in the transit zone of Moscow airport, has sought asylum in 20 countries, ..

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Fact Box: INS Trikand (F51)

July 3, 2013

Indian Navy inducts INS Trikand (F51) Indian Navy has further expanded it arsenal by inducting Russian built guided-missile stealth frigate INS Trikand. It is the last of the six stealth frigates ordered from Russia. The Navy had earlier inducted three 4,000-tonne ..

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India-UK decide to develop Economic Corridor together

July 2, 2013

India and United Kingdom have decided to collaborate to develop the Bangalore-Mumbai Economic Corridor (BMEC)project in close association with private companies from Britain. Both sides have agreed to examine and evolve the modalities and content of this project through mutual discussions and ..

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US to provide $150,000 for Uttarakhand flood relief via USAID

June 29, 2013

US secretary of state John Kerry reached out to India over the Uttarakhand disaster on Sunday as the US announced $150,000 through the United States Agency for International Development (USAID) to non-governmental organizations working in the most-affected areas. About USAID: The United States Agency for International Development (USAID) is the United ..

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Indians among top 5 foreign real estate buyers in the US

June 28, 2013

As per report titled “2013 Profile of International Home Buying Activity”, Indians are among the top five foreigners buying real estate in the US, even as there has been a decrease in foreigners acquiring properties in the US. As per the report: ..

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India, Hungary sign pact for ‘Gas Monitoring System’

June 27, 2013

Following the MoU signed during the Vibrant Gujarat Summit-2013, for a gas monitoring system b/w Gujarat Info Petro Ltd, a subsidiary of Gujarat State Petroleum Corporation and Cason Engineering Plc, Hungary, both have inked a pact in pursuant to the ..

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Record fall in Indians’ money in Swiss banks

June 26, 2013

A significant decline was registered in the level of Indians’ money stashed in Swiss banks as it reached to a record low level of about Rs 9,000 crore (1.42 billion Swiss francs), as global pressure against the famed secrecy of ..

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