Maritime Silk Road Current Affairs, GK & News

Maldives conferred Country’s highest honour on PM Modi

Prime Minister Modi was conferred with Maldives’ highest honour- ‘Order of the Distinguished Rule of Nishan Izzuddeen‘ in Male, (Maldives capital) during his two-day state visit to the island country. The prestigious award of Most Honourable Order of the Distinguished Rule of Nishan Izzuddeen is Maldive’s highest honour accorded to foreign dignitaries. India-Maldives Relation Background: ..

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China develops underwater surveillance networks in Indian Ocean, South China Sea

China has successfully developed new underwater surveillance network to help its submarines get stronger lock on targets while protecting nation’s interests along maritime Silk Road, which also includes Indian Ocean. The project is part of unprecedented military expansion fuelled by China’s desire to challenge United States in world’s oceans. Underwater surveillance network The network is ..

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China sets up largest gold sector fund for nations along ancient Silk Road

China has set up a gold sector fund involving 65 countries along the ancient Silk Road.  It has been set up in China’s northwest Xi’an city during ongoing forum on investment and trade. The fund will be led by Shanghai Gold Exchange (SGE) and is expected to raise 16.1 billion dollars in three phases. It ..

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Sri Lankan Government suspends China port city project in Colombo

Sri Lanka’s newly elected government on 5 March 2015 temporarily suspended constriction work of China’s ambitious port city project in Colombo with immediate effect. The decision was taken in Cabinet meeting chaired by Sri Lanka’s Prime Minister Ranil Wickremasinghe based upon the Interim Report submitted by a cabinet sub-committee. The committee was appointed by the Sri Lankan ..

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China kicks off Silk Road infrastructure project worth $79.8bn in Gansu province

China has launched a massive Silk Road infrastructure project worth $79.8 billion in the northwest province of Gansu as part of its ambitious Silk Road plan. These project will facilitate trade and people exchanges between China and central Asian Countries. Key facts It will be six-year Silk Road development project. On its completion it is going ..

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