International

In terms of economic relations, the U.S. and China have been coupling up for decades. So much so that they became the biggest trading partners on the planet starting in 2014. Now, amid trade and technology wars, a pandemic and strained diplomatic relations, the world’s two largest economies appear bound for a seismic “decoupling.”                … Read more

Base Erosion and Profit Shifting Project (BEPS Project) is an OECD/G20 project to set up an international framework to combat tax avoidance by multinational enterprises (“MNEs”) using base erosion and profit shifting tools. It refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no … Read more

End of cold war When Mikhail Gorbachev assumed the reins of power in the Soviet Union in 1985, no one predicted the revolution he would bring. A dedicated reformer, Gorbachev introduced the policies of glasnost and perestroika to the USSR. Gorbachev hoped these changes would be enough to spark the sluggish Soviet economy. Freedom, however, … Read more

Quad is an informal strategic forum among the like-minded democracies across the Indian and the Pacific Ocean aimed to ensure and support a “free, open and prosperous” Indo-Pacific region. It comprises of the USA, India, Japan and Australia. Dubbed the Asian NATO, the Quad has a rocky past and has only recently developed a greater … Read more

The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by: Qatar (1961) – terminated its membership in January 2019; Indonesia (1962) – suspended its membership in January … Read more

The Belmont Forum is an international partnership that mobilizes funding of environmental change research and accelerates its delivery to remove critical barriers to sustainability.The Belmont Forum has funded international teams of natural scientists, social scientists, and stakeholders to conduct transdisciplinary research. Established in 2009, the Belmont Forum is a partnership of funding organizations, international science … Read more

India always wanted to have friendly relationships with China as both have borne the brunt of colonialism and it was evident in its recognition of Communist China right from the beginning in 1950, support of China in Korea war and support of China in UNSC seat. India also raised little objection over Chinese occupation over … Read more

WHO launched a new online tool known as ‘AWaRe’ to promote safer use of antibiotics. The tool ‘AWaRe’ classifies antibiotics into three groups – 1) Access — antibiotics used to treat the most common and serious infections, 2) Watch — antibiotics available at all times in the healthcare system, 3) c)Reserve — antibiotics to be … Read more

On May 8, India’s defence minister virtually inaugurated a new 80 km-long road in the Himalayas, connecting to the border with China, at the Lipulekh pass. The Nepali government protested immediately, contending that the road crosses territory that it claims and accusing India of changing the status quo without diplomatic consultations. Lipulekh and Kalapani are … Read more

Earlier, European Union represented one economic market as an economic union with free  trade with each other. The Euro zone came into existence with the signing of Maastricht  treaty signed during 1992, of a monetary union, one central bank and single currency,  replacing country specific currencies in the European Union. As a result, the Euro … Read more