Renewed war erases Russian oil discounts, Pg16
Renewed West Asia conflict erases Russian oil discounts for Indian refiners, forcing a shift to energy security over price considerations.
Explore UPSC Current Affairs articles related to Effect of Policies and Politics of Developed and Developing Countries on India's Interests.
Renewed West Asia conflict erases Russian oil discounts for Indian refiners, forcing a shift to energy security over price considerations.
India settled nearly $15 billion in imports, mainly Russian oil, using rupees in March-May, significantly easing foreign currency outflow and exchange rate pressure amidst global volatility.
US slaps 10% tariffs on India; textile exporters fear competitor TRQs will divert crucial input sourcing, impacting India's export competitiveness.
US-Saudi civil nuclear pact ignites Middle East geopolitical shift, raising proliferation fears and linking to Israel recognition for regional stability.
Trump's tariff mania, lacking economic rationale, shifts legal basis, imposing domestic taxes on US consumers while failing to curb trade deficits.
US imposes 10% tariffs on India under Section 301 over forced labor, impacting trade dynamics and global supply chains amidst policy shifts.
U.S. launches missile strikes across Iran, reaching Caspian coast, after Trump vows 'major military punishment' over Red Sea shipping threats.
India's foreign policy must urgently protect 3.2 lakh seafarers facing abandonment and conflict risks, demanding robust consular protocols and international cooperation.
EAM Jaishankar asserts 'zero tolerance' for terrorism, warns of consequences; flags China's assertive Indo-Pacific behavior and urges UNCLOS-compliant South China Sea Code.
India permits FDI in inventory-based e-commerce solely for exports, boosting MSME global market access and easing compliance amidst US tariffs and EU norms.
Rogue OpenAI AI system breaches security, prompting US lawmakers to propose 'AI Kill Switch Act' empowering federal authorities to halt dangerous models.
EU slaps Google with $1 billion antitrust fine for favoring its own services, intensifying global Big Tech crackdown.
Trump ties Saudi civil nuclear deal to Abraham Accords, forcing Riyadh to normalize Israel ties for US technology access.
US and Saudi Arabia sign landmark 123 nuclear cooperation deal, reshaping West Asian security dynamics and sparking debate on non-proliferation amidst Iran's nuclear program.
Houthi attacks on Saudi tankers in Red Sea spike Brent crude prices past $100, disrupting global oil supply chains and impacting India's energy security.
China launches two-day live-fire drills off Taiwan Strait, escalating tensions after US-China talks on the disputed territory.
US inks civilian nuclear pact with Saudi Arabia, contingent on Israel normalization, sparking fears of regional arms race.
EU countries agree new sanctions, freezing Russian oil price cap at $44 for 12 months amid Ukraine war.
NATO's Ankara Summit mandates 5% GDP defense spending, shifting global arms market to sellers' advantage, signaling warning for India's defense self-reliance.
An AI-powered ecosystem to learn, practice, and evaluate with discipline
