World and International News – 03 April 2022

russia offers india big discount on oil

INTERNATIONAL NEWS

1. PM Modi held delegation-level talks with his Nepalese counterpart Sher Bahadur Deuba in New Delhi on 02 Apr.

2. Pakistan Chief of Army Staff Gen Qamar Javed Bajwa on 02 Apr said that Islamabad believes in resolving all issues with India through dialogue and that his country is ready to move forward on Kashmir if India agrees.

3. Pakistan PM Imran Khan has said that a “powerful country” which is backing India is angry with Pakistan because of his recent visit to Russia to meet President Vladimir Putin. His remarks came after his government summoned the US Charge d’Affaires in Islamabad to lodge a protest over US’ alleged attempt to interfere with the country’s internal affairs.

4. RUSSIA OFFERS STEEP DISCOUNTS ON OIL TO INDIA: Russia wants India to buy 15 million barrels in the first deal.

Russia has also offered rupee-rouble-denominated payments using its SPFS financial messaging system – since Moscow has been banned from SWIFT – that could make trading more attractive for India.

5. India, Australia ink Economic Cooperation and Trade Agreement to boost bilateral ties.

6. India and Turkmenistan signed four agreements, including in financial intelligence and disaster management, as President Ram Nath Kovind met his Turkmen counterpart Serdar Berdimuhamedov on 02 Apr. This is the first-ever visit of the President of India to independent Turkmenistan.

7. Indian traders have started loading 40,000 tonnes of rice for prompt shipment to Sri Lanka in the first major food aid since Colombo secured a credit line from New Delhi.

🌎WORLD NEWS🌍

1. Pak PM Imran Khan is set to face a no-trust motion in the assembly on Sunday in Pakistan. A petition was moved Tehreek-e-Insaf (PTI) in the Supreme Court on Saturday seeking the suspension of the assembly proceedings.

2. Ukraine’s economy shrank 16% year-on-year in the first quarter of this year and could contract 40% in 2022 as a result of Russia’s military operation.

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Ch Narmada Naveen Kumar 1 Ch Narmada Naveen Kumar
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