Question
Regarding the International North-South Transport
Corridor, consider the following statements -: I. It is an extension of China's Belt & Road Initiative. II. It connects China with African countries. III. Iran is part of this project. Which of the statements given above is/are correct?Solution
Statements I and II are not Correct -: International North-South Transport Corridor (INSTC) project was signed between India, Iran, and Russia in 2000 in St Petersburg, and subsequently included 10 other central Asian and west Asian countries, and not an extension of China’s Belt and Road Initiative, and involves moving freight from India, Iran, Azerbaijan, and Russia. It does not connect China & Africa. Statement III is correct -: It includes Iran’s Chabahar port. Â
'Shell India' has appointed whom as its new chairperson?
The Securities and Exchange Board of India (SEBI) plans to enter in the era of one-hour trade settlement by early next year, which will be a precursor t...
What was the growth rate of the Goods and Services Tax (GST) collection in August 2023?
With an aim to provide subscribers with a wider range of annuity options, the Pension Fund Regulatory Development Authority (PFRDA) will now allow multi...
The Insurance Regulatory and Development Authority of India (IRDAI) has increased the limit on losses for the appointment of Surveyors and Loss Assessor...
Recently the Global rating agency Fitch has lowered India's economic growth forecast for fiscal 2022-23 (FY23) as measured by gross domestic product (GD...
What was the trade deficit of India with China in the fiscal year 2023-24?
Consider the following statements:
I. Government has cut windfall tax on locally produced crude oil and exports of aviation turbine fuel (ATF) ...
- Which company won the 'Emerging Innovator Award' at the Forbes India Leadership Awards 2025?
How many countries participated in the 2nd Central Asia–China Summit held in Astana?
Relevant for Exams:
