Belt and Road initiative (BRI) Current Affairs, GK & News

China’s funding CPEC reduced by 56%

In first half of 2022, China’s funding in Pakistan for China Pakistan Economic Corridor (CPEC) had reduced by around 56% in the first half of 2022. Other countries like Russia, Egypt and Sri Lanka also witnessed a reduction by 100% in BRI engagement as compared to first half of 2021. The CPEC project is running ..

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Trans-Himalayan Multi-Dimensional Connectivity Network

China and Nepal recently gave their consent to construct “Trans-Himalayan Multi-Dimensional Connectivity Network”. China will also give a grant assistance of USD 118 million to Nepal, to undertake several projects in 2022. Highlights of the China-Nepal agreement: Under the agreement, China will finance the feasibility study of a China-Nepal cross-border railway. Experts from China will ..

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Chabahar Day conference started in Mumbai

On July 31, 2022, Chabahar Day Conference was launched in Mumbai, by Sarbanand Sonowal (Union Shipping Minister) and Shripad Naik (Minister of State for Shipping). Inauguration event was attended by dignitaries from Kazakhstan, Iran, Tajikistan, Kyrgyzstan, Uzbekistan, Turkmenistan, and Afghanistan. India and Iran had inked the bilateral agreement in May 2016, in which India agreed ..

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G7 Global Infrastructure Plan

The G7 grouping has announced a USD 600 billion global infrastructure programmes for poor countries. Global Infrastructure and Investment Programme This move was aimed at competing with formidable Belt and Road Initiative of China. During 2022 and 2027, US government and its allies will shoot for USD 600-billion figure “through federal financing, leveraging private sector ..

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India’s stand in UN Global Sustainable Transport Conference

Second UN Global Sustainable Transport Conference was recently concluded, in which India strongly opposed the Belt and Road Initiative (BRI) and CPEC projects of China. Key Points The UN Global Sustainable Transport Conference was held between October 14 to October 16. During the conference Indian side noted that, India shares the desire of international community of ..

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