Assumption Island: Seychelles denies joint project with India to develop naval base

Seychelles President Danny Faure ahead of his state visit to India has said that India-Seychelles joint project to develop naval base at Assumption Island in his country will not move forward. He also mentioned that Seychelles will develop military facilities at the island on its own. This statement comes after growing political opposition in Seychelles Read More…

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RBI eases investment norms for foreign portfolio investors (FPIs) in debt

The Reserve Bank of India (RBI) has eased investment norms for foreign portfolio investors (FPIs) in debt, especially into individual large corporates. This move is aimed at attracting more overseas flows and thereby help to arrest recent fall in rupee and also lift recent fall in demand for corporate bonds. Key Facts Corporate bond segment: Read More…

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NSG plenary meeting held in Jurmala, Latvia

The Nuclear Suppliers Group (NSG) plenary meeting took place on in Jurmala, Latvia after Latvia assumed chairmanship of NSG for 2018-19. With this, Latvia became first Baltic state to chair the NSG. There was no headway in India’s application for NSG entry in this plenary meeting. India had applied for NSG membership at 2016 Seoul Read More…

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Peggy Whitson: NASA’s record-breaking spacewoman retires as astronaut

NASA’s record-breaking spacewoman, Peggy Whitson (58) has announced her retirement as astronaut less than year after returning from her last and longest spaceflight.  During her career, she had racked up total of 665 days in space — more than any other NASA astronaut, and record for women worldwide. Her last spaceflight lasted close to 10 Read More…

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China imposes additional duties on US $50 billion worth of American products

China in tit-for-tat action has imposed additional tariffs and duties on $50-billion worth of American products. It comes after US President Donald Trump slapped stiff 25% tariff on Chinese goods worth similar amount. This has triggered full-fledged trade war between world’s two largest economies. Key Facts The decision was taken in line with relevant stipulations Read More…

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