INSTC
Rasht-Astara Railway Link
In a significant development, Russia and Iran have recently signed a Memorandum of Understanding (MoU) to construct a rail link that will bolster the International North-South Transport Corridor (INSTC) and facilitate the expansion of trade between India and Russia. This ..
Month: Current Affairs - May, 2023
Category: International / World Current Affairs
Khanjar: India-Kyrgyztan Military Exercise
India and Kyrgyztan recently held a joint Special Force Military Exercise called the “Khanjar”. The exercise was held at Bishek, the capital of Kyrgyzstan. About the Exercise The exercise was held for two weeks. It will focus on counter-terrorism and ..
Month: Current Affairs - April, 2021
Central Asia: Uzbekistan, Kazakhstan trans-border trade center
Kazakhstan and Uzbekistan have launched the construction of an international center for trade and economic cooperation called “Central Asia”. The Central Asia Trade center has been launched on the borders of the two countries. About the center The Center is ..
Month: Current Affairs - April, 2021
India gets first TIR shipment via Chabahar Port from Afghanistan
The first shipment under the United Nations ‘Transports Internationaux Routiers’ (TIR) convention arrived in India from Afghanistan through Chabahar Port of Iran. What is Transports Internationaux Routiers’ Convention? The Transports Internationaux Routiers is an international Convention aimed at harmonising the ..
Month: Current Affairs - March, 2019
First phase of Chabahar port inaugurated in Iran
The first phase of Iran’s Chabahar port (Shahid Beheshti Port) which holds significant strategic and economic importance for India was inaugurated was Iran’s President Hassan Rouhani. It is Iran’s only oceanic port located on the Gulf of Oman, southeast of ..
Month: Current Affairs - December, 2017
India to accede to the Ashgabat Agreement on transit corridor
The Union Cabinet has given its approval for India to accede to the Ashgabat Agreement, an international transport and transit corridor. The agreement facilitates transportation of goods between Central Asia and the Persian Gulf. India would become party to the ..
Month: Current Affairs - March, 2016
India, Russia sign customs pact to boost trade
India and Russia have signed a customs and liberalize business visas agreement to boost trade between both countries to remove the hindrances and boost commerce. This pact will help to rapid clearances of imported goods at the land and sea ..
Month: Current Affairs - July, 2015
INSTC, India’s strategic gateway to Central Asia and Eurasia
The International North-South Transport Corridor (INSTC) is considered as gateway for India to expand trade and investment links with Central Asia and Eurasia. Its importance was highlighted in India’s Foreign Trade Policy of India 2015-20. However, recently it gained importance ..
Month: Current Affairs - July, 2015