Dear Aspirants,
China's Qingdao to host SCO summit in June
East China's Qingdao City will host the Shanghai Cooperation Organization Summit in June this year.
- Shandong is the birthplace of many ancient Chinese thinkers, including Confucius. In 2017, its GDP exceeded 7.2 trillion yuan.
- The summit has China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India and Pakistan as full members.
List of MoUs signed during the visit of President of Iran to India
President of Iran, Hassan Rouhani arrived in India on a three-day State visit. He has signed these MoUs with India:
- Agreement for the Avoidance of Double Taxation
- MoU on Exemption from Visa requirement for holders of Diplomatic Passports.
- Exchange of Instrument of Ratification of Extradition Treaty.
- Lease Contract for Shahid Beheshti Port- Phase 1 of Chabahar during Interim Period between Port and Maritime Organization (PMO), Iran and India Ports Global Limited (IPGL).
- MoU on Cooperation in the field of Traditional Systems of Medicine.
- MoU on the establishment of an Expert Group on Trade Remedy Measures to promote cooperation in areas of mutual interest.
- MoU on Cooperation in the field of Agriculture and Allied Sectors.
- MoU on Cooperation in the field of Health and Medicine.
- MoU on Postal Cooperation.
India's defence budget breaks into world's top 5: UK report
India's defence budget broke into the world's top five, beating the UK for the first time, a new report by a London-based global think-tank has said.
- India overtook the UK as the fifth-largest defence spender in the world in 2017 at $52.5 billion, up from $51.1 billion in 2016, according to the 'Military Balance 2018' report by the International Institute for Strategic Studies (IISS).
- In contrast, the UK's defence budget fell from $52.5 billion in 2016 to $50.7 billion last year.
- World's top five defence spenders are the US, China, Saudi Arabia, Russia and India.