India and 21 other countries adopted an agreement at ameliorating communication at sea to cut down the possibility of conflict amid developing friction between a progressively assertive China and its neighbours. Naval chiefs of these nations participated at the biennial conference of the Western Pacific Naval Symposium (WPNS) held at Qingdao, China. Rear Admiral S N Ghormade, represented Indian Navy at the meet.
The member nations adopted an agreement for:
- Preventing miscommunication amongst naval vessels that could lead to enmities in the Pacific Ocean.
- How naval ships should communicate and manoeuvre when they accidentally come into contact in sea lanes surrounding China, Japan and Southeast Asia
Western Pacific Naval Symposium (WPNS)
Established in 1987 with objective to encourage cooperation amongst the navies of its member nations, fortify mutual understanding and trust, and collectively safeguard regional maritime security. WPNS constitutes navies whose nations border the Pacific Ocean region.
The WPNS has 21 member states:
- New Zealand
- Papua New Guinea
- Republic of Korea
India is an observer at WPNS and China is one of the WPNS’ founding members.
As part of its efforts to end extreme poverty by 2030, the World Bank Group declared that it will almost double yearly lending capacity to emerging nations like Brazil, China, India, etc. from USD 15 billion to USD 28 billion. In next decade, the WB it would be increasing its lending capacity by USD 100 billion to USD 300 billion for middle income nations.
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The Bluefin-21 is about 5m-long underwater autonomous vehicle that can produce a sonar map of the sea floor. It is an extremely modular autonomous underwater vehicle with power to carry multiple sensors and payloads at a time. It has a high energy capacity to carry extended operations even at the greatest depths.
- Archaeology & Exploration
- Mine Countermeasures (MCM)
- Offshore Survey
- Search & Salvage
- Unexploded Ordnance (UXO)
G-20 has conveyed its dashing hopes at the stretched out delay over International Monetary Fund’s (IMF) quota and governance reforms agreed to in 2010 and the 15th General Review of Quotas (GRQ) including a new quota formula that would impart emerging economies, including India, a greater voice at IMF. G-20 has given USA a yearend deadline to ratify them.