CURRENT AFFAIRS

Detailed explanation-1: -The Indus Waters Treaty is a water-sharing agreement between India and Pakistan signed in 1960. It was brokered by the World Bank. This is an important treaty and one of the most successful water-sharing agreements to date.

Detailed explanation-2: -Finally in 1960, after nearly a decade of fact-finding, negotiation, proposals by the World Bank and amendments to them, an agreement was reached between the two countries, and the Indus Waters Treaty (IWT) was signed by former Prime Minister Jawaharlal Nehru and then President of Pakistan, Ayub Khan.

Detailed explanation-3: -The Indus Water Treaty (IWT) is a water-distribution treaty between India and Pakistan, arranged and negotiated by the World Bank, to use the water available in the Indus River and its tributaries.

Detailed explanation-4: -The Permanent Indus Commission (PIC) is a bilateral commission consisting of officials from India and Pakistan, created to implement and manage the goals and objectives and outlines of the Indus Waters Treaty (IWT).