One Belt One Road (OBOR) Current Affairs, GK & News

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 ratifies UN TIR Convention in a bid to Counter China's OBOR

India has become the 71st nation to join the United Nations TIR (Transports Internationaux Routiers) Convention. India’s decision to join the convention is part of its multi-modal transport strategy that aims at integrating Indian economy with global and regional production networks through better connectivity. In March 2017, Union Cabinet had approved India’s accession to the Customs Convention on International ..

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