Bangladesh-China-India-Myanmar (BCIM) Economic Corridor no longer listed under BRI umbrella

South Asia is covered by three major undertakings—the China-Myanmar Economic Corridor (CMEC), the Nepal-China Trans-Himalayan Multi-dimensional Connectivity Network, including Nepal-China cross-border railway, as well as the China Pakistan Economic Corridor (CPEC). India’s decision to skip the Belt and Road Forum (BRF) may have led to the exclusion of the Bangladesh- China- India- Myanmar (BCIM) Economic corridor from … Read more Bangladesh-China-India-Myanmar (BCIM) Economic Corridor no longer listed under BRI umbrella

Twenty Third Meeting Of India-Russia Intergovernmental Commission Held In Moscow.

 

Sushma says India, Russia will work together in more sectors.
The meeting was chaired by External Affairs Minister Sushma Swaraj and Russian Deputy Prime Minister Yuri Borisov.It was the first meeting between Ms. Swaraj and the senior Russian Minister following the 2+2 dialogue between India and the United States that was conducted by Ms. Swaraj and her U.S. counterpart Mike Pompeo. Ms. Swaraj also thanked Russia for helping Indian travellers with easier visa procedures.
Ms. Swaraj indicated that energy supply from Russia to India has increased in recent months.

World bank

                THE WORLD BANK

The World Bank is a component of the World Bank Group.
The World Bank is different from the World Bank Group, an extended family of five international organizations:

1-International Bank for Reconstruction and Development (IBRD)

2-International Development Association(IDA)

3-International Finance Corporation (IFC)

4-Multilateral Investment Guarantee Agency(MIGA)

5-International Centre for Settlement of Investment Disputes (ICSID)

The World Bank is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA).

Establishment – during Bretton Woods conference in 1944
Headquarter – Washington D.C.(USA)
Total members– 189

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Shaktikanta Das appointed as India’s G 20 Sherpa

Shaktikanta Das appointed as India’s G 20 Sherpa

The Union Ministry of Finance has appointed Shaktikanta Das, Former Secretary, Department of Economic Affairs (DEA) as India’s G 20 Sherpa till December 31, 2018 for Development Track of G20.

Sherpa is personal representative of leaders participating at G-20 summit and are responsible for thrashing out details before meeting of the leaders.
There are two tracks in G 20-Development Track and Finance Track. Finance Track is managed by Secretary (Economic Affairs) as India’s Deputy to G-20 and Development Track is coordinated by Sherpa. The DEA, Ministry of Finance provides necessary support to the Sherpa.

Personal details

Shaktikanta Das born

26 February 1955(age 63)

Orissa, India

(now, Odisha, India)

Nationality – Indian

Occupation – IAS officer

Background

Former NITI Aayog vice-chairman had recommended to Prime Minister Narendra Modi to appoint full-time Sherpa for G20 talks as India’s role is expanding in global arena. Panagariya was India’s Sherpa for G20 talks in September 2015. As per earlier norms, deputy chairman of erstwhile Planning Commission used to be Sherpa for G20 talks.

What is Sherpa ??

Sherpa is personal representative of leader of member country at international Summit meeting such as G8, G20 or Nuclear Security Summit. They are mostly career diplomats or senior government officials appointed by leaders of their countries. The term has been derived from Nepalese Sherpa people, who serve as guides for mountaineers in Himalayas.
The Sherpa is mainly engaged in planning, implementation and negotiation tasks through Summit. They coordinate agenda, seek consensus at highest political levels and participate in series of pre-Summit consultations to help negotiate their leaders’ positions.

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