21 Nov 2022: UPSC Exam Comprehensive News Analysis

CNA 21 Nov 2022:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
GOVERNANCE
1. New data protection Bill
INTERNATIONAL RELATIONS
1. Indiaโ€™s Soft Loan Diplomacy
C. GS 3 Related
D. GS 4 Related
E. Editorials
INDIAN ECONOMY
1. Charting the economic journey ahead
SOCIETY AND SOCIAL JUSTICE
1. A place for all refugees under Indiaโ€™s welfare umbrella
F. Prelims Facts
1. Loss and Damage Fund
G. Tidbits
1. Operation Claw-Sword
2. Great Knot
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

Category: INTERNATIONAL RELATIONS

1. Indiaโ€™s Soft Loan Diplomacy

Syllabus: India and its Neighborhood โ€“ Relations

Mains: Analysis of Indiaโ€™s neighbourhood first policyย 

Context: Former foreign secretary and G-20 chief coordinator Harsh Vardhan Shringla recently spoke about Indiaโ€™s soft loan diplomacy in an event.

Key Details:ย 

  • Indiaโ€™s Lines of Credit (LOC) to its neighbour countries have increased from $3.27 billion in 2014ย  to $14.7 billion in 2020.ย 
  • The bulk of Indiaโ€™s worldwide soft lending (almost 50 percent) goes to its partners in the neighbourhood.ย 
  • The largest concessional credit given by India to any single country has been to Bangladesh ($8 billion).
  • Sri Lanka has received support totalling over $1.4 billion of which $400 million was a currency swap and $500 million was loan deferment and $500 million LOC for fuel imports.ย 
  • The other countries that have received LOCs in the neighbourhood are Nepal ($1.65 billion), Myanmar (476 million) and Maldives ($1.3 billion).
  • Overall, 306 LOCs worth $30.59 billion have been extended to 65 countries across the globe. The projects cover infrastructure, power generation, irrigation, healthcare and capacity building.
  • Soft loans provided help in developing infrastructure for improved connectivity with India. Indiaโ€™s prosperity and growth are linked to that of its neighbours.

Read more on Indian Foreign Policy

Nut Graf: The volume of Indiaโ€™s soft loans to neighbouring countries has increased from about $3 billion to almost $15 billion in the last eight years. Expansion and strengthening of connectivity with its neighbour countries is an integral part of Indiaโ€™s economic and diplomatic initiatives which is based on universally recognised norms.ย 

CNA 21 Nov 2022:- Download PDF Here

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*