Brazil has approved entry into OPEC+, aligning with major oil-exporting nations. This move highlights Brazil's rising status as a key oil player but has drawn criticism due to its timing ahead of COP30, the UN climate summit. Oil revenues are considered vital for funding Brazil's green transition.
๐น What is OPEC+?
OPEC+ = 12 OPEC nations + 10 Non-OPEC countries working together to regulate oil production and prices.
๐ Non-OPEC Members in OPEC+:
๐ธ Azerbaijan ๐ฆ๐ฟ ๐ธ Bahrain ๐ง๐ญ ๐ธ Brunei ๐ง๐ณ ๐ธ Kazakhstan ๐ฐ๐ฟ ๐ธ Russia ๐ท๐บ
๐ธ Mexico ๐ฒ๐ฝ ๐ธ Malaysia ๐ฒ๐พ ๐ธ South Sudan ๐ธ๐ธ ๐ธ Sudan ๐ธ๐ฉ ๐ธ Oman ๐ด๐ฒ
๐น What is OPEC?
โ๏ธA permanent intergovernmental organization of oil-exporting nations.
โ๏ธ Founded in 1960 by ๐ฎ๐ท Iran, ๐ฎ๐ถ Iraq, ๐ฐ๐ผ Kuwait, ๐ธ๐ฆ Saudi Arabia, ๐ป๐ช Venezuela.
โ๏ธ Currently has 12 member nations, including ๐ฉ๐ฟ Algeria, ๐จ๐ฌ Congo, ๐ฌ๐ถ Equatorial Guinea, ๐ฌ๐ฆ Gabon, ๐ฑ๐พ Libya, ๐ณ๐ฌ Nigeria, ๐ฆ๐ช UAE.
โก๏ธ OPEC+ plays a crucial role in global oil supply and pricing!
#IR
https://timesofindia.indiatimes.com/world/rest-of-world/brazil-to-join-opec-group-of-major-oil-exporting-nations/articleshow/118365422.cms#:~:text=Brazil%20has%20approved%20entry%20into%20OPEC%2B%2C%20aligning%20with,are%20considered%20vital%20for%20funding%20Brazil%27s%20green%20transition.
๐น What is OPEC+?
OPEC+ = 12 OPEC nations + 10 Non-OPEC countries working together to regulate oil production and prices.
๐ Non-OPEC Members in OPEC+:
๐ธ Azerbaijan ๐ฆ๐ฟ ๐ธ Bahrain ๐ง๐ญ ๐ธ Brunei ๐ง๐ณ ๐ธ Kazakhstan ๐ฐ๐ฟ ๐ธ Russia ๐ท๐บ
๐ธ Mexico ๐ฒ๐ฝ ๐ธ Malaysia ๐ฒ๐พ ๐ธ South Sudan ๐ธ๐ธ ๐ธ Sudan ๐ธ๐ฉ ๐ธ Oman ๐ด๐ฒ
๐น What is OPEC?
โ๏ธA permanent intergovernmental organization of oil-exporting nations.
โ๏ธ Founded in 1960 by ๐ฎ๐ท Iran, ๐ฎ๐ถ Iraq, ๐ฐ๐ผ Kuwait, ๐ธ๐ฆ Saudi Arabia, ๐ป๐ช Venezuela.
โ๏ธ Currently has 12 member nations, including ๐ฉ๐ฟ Algeria, ๐จ๐ฌ Congo, ๐ฌ๐ถ Equatorial Guinea, ๐ฌ๐ฆ Gabon, ๐ฑ๐พ Libya, ๐ณ๐ฌ Nigeria, ๐ฆ๐ช UAE.
โก๏ธ OPEC+ plays a crucial role in global oil supply and pricing!
#IR
https://timesofindia.indiatimes.com/world/rest-of-world/brazil-to-join-opec-group-of-major-oil-exporting-nations/articleshow/118365422.cms#:~:text=Brazil%20has%20approved%20entry%20into%20OPEC%2B%2C%20aligning%20with,are%20considered%20vital%20for%20funding%20Brazil%27s%20green%20transition.
The Times of India
Brazil to join OPEC+, group of major oil-exporting nations - The Times of India
Rest of World News: Brazil has approved entry into OPEC+, aligning with major oil-exporting nations. This move highlights Brazil's rising status as a key oil player but h
Agents of UPSC CAPF & CDS
PM Narendra Modi gifts MahaKumbh holy water, Makhana, and Banarasi saree in Sadeli box to Mauritius President Gokhool and First Lady
๐ฒ๐บ๐ฎ๐ณWHY MAURITIUS IS CALLED MINI INDIA
๐กIn case you didn't know, India shares a close historic and commercial bond with this island nation:
โช๏ธ Friendship dates back to 1730;
โช๏ธ Shared colonial oppression under British rule;
โช๏ธ Booming trade:
India's exports to Mauritius โ $462.69mln,
Mauritius exports to India โ $91.50mln;
โช๏ธ Mauritius accounts for >70% of India's FDI inflows;
โช๏ธ India is investing in Mauritius' Agalega Island, developing infrastructure, and operates surveillance aircraft to enhance Indiaโs Maritime Domain Awareness in the Indian Ocean.
โช๏ธ Mauritius acts as a conduit for India's expansion in Africa.
โช๏ธ About 68% of Mauritiusโ population is of Indian origin, primarily from Bihar, Uttar Pradesh, Tamil Nadu, and other regions.
โช๏ธ Hinduism is the largest religion, and Indian festivals like Diwali, Holi, and Eid are national holidays.
#IR
๐กIn case you didn't know, India shares a close historic and commercial bond with this island nation:
โช๏ธ Friendship dates back to 1730;
โช๏ธ Shared colonial oppression under British rule;
โช๏ธ Booming trade:
India's exports to Mauritius โ $462.69mln,
Mauritius exports to India โ $91.50mln;
โช๏ธ Mauritius accounts for >70% of India's FDI inflows;
โช๏ธ India is investing in Mauritius' Agalega Island, developing infrastructure, and operates surveillance aircraft to enhance Indiaโs Maritime Domain Awareness in the Indian Ocean.
โช๏ธ Mauritius acts as a conduit for India's expansion in Africa.
โช๏ธ About 68% of Mauritiusโ population is of Indian origin, primarily from Bihar, Uttar Pradesh, Tamil Nadu, and other regions.
โช๏ธ Hinduism is the largest religion, and Indian festivals like Diwali, Holi, and Eid are national holidays.
#IR
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๐ฎ๐ณ๐ค๐ณ๐ฟ New Zealand Joins Indo-Pacific Oceans Initiative (IPOI)!
PM Modi welcomed New Zealand's decision to join the Indo-Pacific Oceans Initiative (IPOI)โan initiative launched by India in 2019 at the East Asia Summit to promote a free, open, and rules-based Indo-Pacific.
๐ About IPOI:
โ๏ธBuilds on the SAGAR initiative (2015).
โ๏ธFocuses on security, stability & development in the maritime domain.
โ๏ธVoluntary & flexible collaboration across 7 key pillars, led by different nations.
๐ Key Pillars & Lead Nations:
โ๏ธ Maritime Security โ India & UK
โ๏ธ Maritime Ecology โ Australia & Thailand
โ๏ธMaritime Resources โ France & Indonesia
โ๏ธCapacity Building โ Germany
New Zealandโs participation strengthens regional cooperation! ๐โจ
#IR
https://www.pmindia.gov.in/en/news_updates/india-new-zealand-joint-statement/
PM Modi welcomed New Zealand's decision to join the Indo-Pacific Oceans Initiative (IPOI)โan initiative launched by India in 2019 at the East Asia Summit to promote a free, open, and rules-based Indo-Pacific.
๐ About IPOI:
โ๏ธBuilds on the SAGAR initiative (2015).
โ๏ธFocuses on security, stability & development in the maritime domain.
โ๏ธVoluntary & flexible collaboration across 7 key pillars, led by different nations.
๐ Key Pillars & Lead Nations:
โ๏ธ Maritime Security โ India & UK
โ๏ธ Maritime Ecology โ Australia & Thailand
โ๏ธMaritime Resources โ France & Indonesia
โ๏ธCapacity Building โ Germany
New Zealandโs participation strengthens regional cooperation! ๐โจ
#IR
https://www.pmindia.gov.in/en/news_updates/india-new-zealand-joint-statement/
PMINDIA
India โ New Zealand Joint Statement
At the invitation of the Prime Minister of India, Shri Narendra Modi, the Prime Minister of New Zealand, Rt Hon Christopher Luxon, is on an Official Visit to India on 16-20 March 2025. Prime Minister Luxon, who is on his first visit to India in his currentโฆ
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Agents of UPSC CAPF & CDS
Donald Trumpโs Tariff Strike! โก๏ธIndia hit with 26% โdiscounted reciprocal tariffs.โ
"India ๐ฎ๐ณ is very, very TOUGH. PM Modi is a great friend of mine ๐ค. India charges us 52%," says Trump.
For context ๐
โ India imposes high tariffs (up to 52%) on some US goods.
โ The USA charges India a 26% tariff.
โ India has lower or no tariffs on certain Russian imports due to trade agreements.
Friendship levels in trade:
๐ค Russia โ Lower/Zero Tariffs on Some Goods
๐ค Great Friend USA โ 26% Tariff on India
๐ค Super Tough India โ Up to 52% Tariff on US Goods
#IR
For context ๐
โ India imposes high tariffs (up to 52%) on some US goods.
โ The USA charges India a 26% tariff.
โ India has lower or no tariffs on certain Russian imports due to trade agreements.
Friendship levels in trade:
๐ค Russia โ Lower/Zero Tariffs on Some Goods
๐ค Great Friend USA โ 26% Tariff on India
๐ค Super Tough India โ Up to 52% Tariff on US Goods
#IR
๐คฃ12โ5โค1
India-Japan Defence Ties Strengthen
India is seeking stronger defence cooperation with Japan to boost strategic self-reliance. The partnership aims to enhance India's response to security threats and expand its weapons procurement options. Defence Minister Rajnath Singh met his Japanese counterpart to discuss key areas of collaboration.
#IR
India is seeking stronger defence cooperation with Japan to boost strategic self-reliance. The partnership aims to enhance India's response to security threats and expand its weapons procurement options. Defence Minister Rajnath Singh met his Japanese counterpart to discuss key areas of collaboration.
#IR
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๐จBalochistan freedom activist Mir Yar Baloch has requested Government of India ๐ฎ๐ณ to allow the opening Office and Embassy in India. Also has requested to United Nation to recognise Balochistan as a Independent country
#IR
#IR
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A day after SJaishankar spoke to acting Afghan foreign minister in the first political contact between India and the Taliban, India is learned to have approved as a "special gesture" entry of 160 Afghan trucks through the Attari border with Pakistan.
Source:- TOI
#IR
Source:- TOI
#IR
๐คฏ7๐2
India has partially restricted imports from Bangladesh after it showed support for Pakistan amid rising Indo-Pak tensions.
๐ขPartially Banned Imports from Bangladesh:
>Ready-made garments (allowed only via Nhava Sheva & Kolkata seaports)
>Fruits & flavoured drinks
>Processed food items
>Cotton
>Plastic goods
>Wooden furniture
๐ขNot Banned:
>Fish
>LPG
>Edible oils
>Goods bound for Nepal/Bhutan
Activate to view larger image,
#IR
๐ขPartially Banned Imports from Bangladesh:
>Ready-made garments (allowed only via Nhava Sheva & Kolkata seaports)
>Fruits & flavoured drinks
>Processed food items
>Cotton
>Plastic goods
>Wooden furniture
๐ขNot Banned:
>Fish
>LPG
>Edible oils
>Goods bound for Nepal/Bhutan
Activate to view larger image,
#IR
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