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On June 27, 2020 India and Japan held Naval Exercises in the Indian Ocean amidst the LAC stand off between India and China. Highlights The Exercise was conducted to promote mutual understanding between the naval forces of the countries. The exercise comprised of four warships, 2 each from India and Japan. The Indian Navy vessels ..
In its recently released revised forecast, the World Bank predicted that millions in the East Asia and Pacific region would enter poverty due to the impact of the pandemic on economy. WB’s Observation The World Bank forecasted that millions in countries of East Asia and Pacific region, like China, could enter poverty due to the ..
International ratings agency S&P Global Ratings has recently estimated the cost of COVID-19 outbreak for 14 Asia-Pacific countries at $620 billion. Though a country-wise break-up was not provided for its estimate, it said that the total and permanent income loss will affect the balance-sheets of government, banks, corporates and households. Last week, S&P cut India’s ..
The Indira Gandhi International Airport, New Delhi has emerged as the Asia-Pacific’s best airport in the ‘Over 40 million passengers per annum category’ in the Airport Service Quality Programme (ASQ) 2019 rankings. The rankings are released by the Airports Council International. The Indira Gandhi International Airport, which is undergoing a major expansion, handled around 69 million passengers last year.
Technology Major Google recently announced that it would open a Delhi cloud region. It will be the company’s second region in India after the Mumbai cloud region which was launched in 2017. This region, which is estimated to be launched in 2021, would be the eighth network of Google in the Asia Pacific region and ..
Tech Giant Facebook has recently launched its first grand advertising campaign ‘More Together’ in India. India is the biggest market with the largest user base and it is also the first country in the Asia Pacific region, in which the campaign is being launched. The aim of the campaign is to reveal the potential of ..
UNWTO released its comprehensive report on global tourism titled ‘UNWTO World Tourism Barometer report’ on Monday 20th January 2020. According to the report which is seen as a barometer of global economic health, 1.5 billion international tourist arrivals were recorded in the year 2019 around the globe, which makes it the slowest rate since 2016 ..
During the Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok, India has decided not to join the RCEP deal as negotiations failed to address New Delhi’s outstanding issues and concerns. The summit included China, Japan, Australia, New Zealand, South Korea, and the 10-nation ASEAN grouping. The RCEP negotiations were meant to create the world’s biggest ..