Current Affairs-Date

Current Affairs-Topics

PYQ & Syllabus

All Mock Test

SSC CGL

NABARD

Insurance

RBI Assistant

SSC CHSL

IBPS PO

SBI PO

CAPF

Current Affairs-Topics

BIMSTEC Summit: Fostering Regional Cooperation in New Delhi

The first BIMSTEC Business Summit is set to take place in New Delhi from August 6-8, 2024, organized by the Ministry of External Affairs of India and Confederation of Indian Industries.

Event Overview and Objectives

First BIMSTEC Business Summit to be held in New Delhi from August 6-8, 2024
Organized by the Ministry of External Affairs of India and Confederation of Indian Industries (CII)
Aims to improve cooperation among BIMSTEC member countries
External Affairs Minister Dr. S. Jaishankar to inaugurate the summit
Minister of Commerce and Industries Shri Piyush Goyal to deliver keynote address
Focuses on fostering greater regional collaboration through trade and investment relations
Over 300 key stakeholders expected to attend from across the Bay of Bengal region

Participation and Focus Areas

Attendees include ministers from BIMSTEC countries responsible for trade, commerce, and industry
High-ranking government officials, policymakers, entrepreneurs, and industry associations to participate
Summit aims to prepare an action plan for improving the overall business environment
Identify potential industrial sectors and project opportunities for greater private sector participation

Key focus areas for discussion:

a) Trade facilitation b) Regional connectivity c) Energy security d) Inclusive growth e) Sustainable development

BIMSTEC Background and Importance

Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) established in 1997 as a regional group
Member countries: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan, and Nepal
Links five countries from South Asia and two from South-East Asia
Focuses on improving trade, investment, and economic cooperation among members
Addresses challenges such as climate change
First formal summit held in 2004, became more active since 2015
Last summit held in 2022 in Sri Lanka
India attaches great importance to BIMSTEC for regional cooperation

Related BIMSTEC Activities and Future Plans

Thailand to host the 6th BIMSTEC Summit Meeting in September 2024
Series of BIMSTEC meetings being held in preparation for the upcoming summit
2nd BIMSTEC Foreign Ministers' Retreat held in New Delhi on July 11-12, 2024
4th BIMSTEC Security Chiefs meeting held on July 27, 2024, in Nay Pyi Taw, Myanmar
Summit aims to explore ways to enhance intra-regional trade, which has enormous potential

FCRA Rules for NGOs 2025

The Government of India has recently updated the FCRA rules for NGOs 2025, bringing significant changes that every aspirant preparing for SSC and other government exams must know. These new reg

Gukesh D World Champion vs Carlsen

In a stunning turn of events that has grabbed global headlines and sparked interest across India, Gukesh D., world champion, has emerged as the face of a new era in international chess. Th

OF.7 & NB.1.8 Subvariants in India

As India witnesses a fresh COVID surge in May 2025, SSC aspirants and general readers alike must stay updated on key developments, especially in public health. A new rise in COVID-19 cases is lin

JPMorgan AI Workforce Reduction

JPMorgan Chase, the largest bank in the United States, is shifting its strategy by cutting back on hiring and focusing on using artificial intelligence (AI) to boost efficiency. This move highlig

UAE Blue Visa Benefits

The United Arab Emirates (UAE) has launched an innovative visa program known as the Blue Visa, aimed at individuals contributing significantly to environmental sustainability and clean energy sector

NASA GRAIL Mission 2011

The NASA GRAIL mission 2011 has become a highlight in current affairs, especially for SSC aspirants interested in space- and science-related questions. This mission stands out as one of NASA

US immigration policy changes in 2025

The US immigration policy changes in 2025 have become a hot topic after the US Supreme Court agreed to review a case that could redefine birthright citizenship in America. The case revolves aroun

Russian cultural influence in Ukraine

The Russian cultural influence in Ukraine has become a major point of debate, particularly in the wake of the ongoing Russia-Ukraine conflict. With both historical and cultural ties dating back cent

Maldives' economic crisis of 2025

The Maldives' economic crisis of 2025 has once again brought the tiny island nation into the global spotlight. With public debt rising beyond sustainable limits and foreign reserves depleting

NATO Defense Spending Increase

NATO defense spending has become a crucial topic in global geopolitics, especially as security threats intensify worldwide. The NATO military budget is directly influenced by geopolitical develop

Toppers

Current Affairs-Date

Current Affairs-Topics

PYQ & Syllabus

Current Affairs-Topics

BIMSTEC Summit: Fostering Regional Cooperation in New Delhi

Needs Help !

Preparing for UPSC or State PSCs ?