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6/13/2024, 11:30:32 AM
?Chabahar Port Latest Developments
Syllabus: GS-2, International Relations
Prelims/Mains: Chabahar Port
Context:
♻️Long-term Main Contract for development of Shahid Beheshti Port Terminal, Chabahar signed between India Port Global Limited (IPGL) and Ports and Maritime Organization (PMO) of Iran.
Details:
✅The Union Minister of Ports, Shipping and Waterways and AYUSH visited Iran to witness the signing of the contract.
✅The ministerial visit and signing of the Long-term Contract will further strengthen ties between India and Iran.
✅This highlights the importance of Chabahar as a gateway for trade with Afghanistan and broader Central Asian countries.
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6/13/2024, 8:51:01 AM
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6/1/2024, 10:41:49 AM
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5/30/2024, 12:28:13 PM
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5/30/2024, 10:26:37 AM
?India and New Zealand
Context:
11th India – New Zealand Joint Trade Committee (JTC) Meeting held in New Zealand.
♻️Details :
✅A delegation led by the Commerce Secretary held many constructive and outcome-oriented meetings in New Zealand from 26-27 April 2024
to work on ways to deepen the existing bilateral relations.
♻️These meetings were held with the Minister for Trade of New Zealand.
✅Both sides acknowledged the existing huge potential
in both economies and mutual trade complementarities, there is a substantial potential to increase trade and people-to-people contacts
.
✅The meetings reviewed progress on market access issues, and economic cooperation projects and explored opportunities for new initiatives.
✅Both sides discussed establishing
robust bilateral economic dialogue architecture and creating working groups in sectors like Agriculture; Food Processing, Storage & Transportation; Forestry and Pharmaceuticals to facilitate ongoing collaboration on key trade and economic issues.
✅Discussions also included cooperation in the horticulture sector, including cooperation in the kiwi fruit sector (quality & productivity, proper storage in pack houses and their suitable transportation) as well as the dairy sector.
✅Once working groups are established, India and New Zealand
will review the progress made by those working groups and the recommendations thereof at regular intervals.
✅Other topics of discussion included market access, non-tariff barriers
(NTBs), sanitary and phytosanitary
(SPS) measures on products like grapes, okra and mangoes
, Mutual Recognition Arrangement
(MRA) in Organic products,
simplified homologation including through mutual recognition of comparable domestic standards for vehicles, etc.
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5/25/2024, 7:41:01 PM
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5/25/2024, 11:53:03 AM
?Mining Sector Registers Record Production in FY 2023-24
✅There has been a significant growth in the production of key minerals and aluminium.
♻️Details :
✅The index of mineral production for
March 2024 was 156.1, which is 1.2% higher as compared to the level in March 2023.
✅The index for the entire FY 2023-24 has increased by 7.5% over FY 2022-23.
✅Some of the non-fuel minerals
showing positive growth during March 2024 as compared to the corresponding month of the previous year are Copper Concentrate, Gold
, Manganese Ore, Diamond, Graphite, Kyanite, Sillimanite, Limeshell, Limestone, Magnesite, etc.
✅Iron ore and Limestone
: Iron ore and limestone together account for about 80% of the total MCDR
mineral production by value.
✅Production of these key minerals in the country has exhibited high growth in FY 2023-24 as per provisional figures.
The production of iron ore stands at a record 277 million metric tons (MMT) in FY 2023-24.
✅Limestone production is also at a record high of 450 MMT in FY 2023-24.
✅Aluminium
: Primary aluminium production increased from 40.73 lakh tons (LT) in FY 2022-23 to 41.59 LT during FY 2023-24, at a 2.1% growth rate.
♻️Significance :
✅India is the 2nd largest Aluminium producer, 3rd largest
lime producer and 4th largest iron ore producer in the world.
✅Healthy growth
in the production of iron ore and limestone in FY 2023-24 reflects the robust demand conditions in the user industries viz. steel and cement.
✅Coupled with the high growth in Aluminium, these growth trends point towards strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.
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5/24/2024, 7:41:01 PM
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5/15/2024, 11:30:33 AM
Prelims PYQ Notes 2024 - All questions and their options of last 12+ years covered (2011-2023)
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5/14/2024, 11:18:48 AM
Prelims PYQ Notes 2024 - All questions and their options of last 12+ years covered (2011-2023)
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5/13/2024, 12:30:51 PM
Prelims PYQ Notes 2024 - All questions and their options of last 12+ years covered (2011-2023)
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5/12/2024, 12:51:49 PM