Current Affairs - International

The United Kingdom joined the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) alongside the US and Bahrain. This agreement aims to enhance regional maritime security and navigation safety through initiatives like the Geospatial Acceleration Initiative, utilizing U.S. expertise. The UK's participation builds on its £1 billion Strategic Investment Partnership with Bahrain, reinforcing collaboration on securing vital maritime corridors.

India provided 2,200 metric tonnes of rice to Myanmar as part of its humanitarian assistance efforts. This initiative reflects India's commitment to its ‘Act East’ and ‘Neighbourhood First’ policies, aiming to support Myanmar amid its severe challenges. Myanmar remains the deadliest country for landmine casualties, with 1,052 civilian casualties in 2023, including 20% children, underlining the significance of India's support to its neighbouring country.

The UBS Billionaire Ambitions Report 2024 highlights India's rise to 185 billionaires, marking a 20% increase from 153 in 2023. This positions India third globally in billionaire count, following the US and China. The growth reflects India's thriving family-owned businesses and emerging sectors such as pharmaceuticals, edtech, and fintech. Over the past decade, billionaire wealth in India has surged by 263%, underlining the nation's economic dynamism.

Bhutan’s King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema visited India to strengthen bilateral ties across various sectors. Key discussions included the Gelephu Mindfulness City Project, advancing economic and investment cooperation, and enhancing cross-border connectivity. Notable progress in the hydropower sector was also reviewed, including the near completion of Punatsangchhu-II and plans for future projects. The visit reflects Bhutan and India’s enduring partnership amidst evolving regional dynamics, showcasing shared commitments to development and strategic collaboration. Bhutan’s engagement with Indian private entities, like the Adani Group, further emphasizes this partnership.

Nigeria, Africa’s largest economy and democracy, awarded India’s Prime Minister its second-highest national honour, marking a significant step in their diplomatic and cultural relationship. This move underscores Nigeria's strategic partnership with India, including cooperation in defence, economic, and developmental arenas. Despite competition from other global players like China, Nigeria continues to value its collaboration with India. Their shared leadership roles in the Global South further highlight the importance of these ties. This recognition symbolizes Nigeria’s acknowledgement of the growing bilateral relationship and mutual efforts toward collective progress for developing nations.