CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Indian Government has extended a USD 250 million loan to which among the following countries?
A
Bangladesh
B
Mauritius
C
Maldives
D
Nepal
Explanation: 

Detailed explanation-1: -India’s relationship with the Maldives is free of any politically contentious issues. The one-time claim of Maldives to Minicoy Island was resolved by the Maritime Boundary Treaty of 1976 between the two countries, whereby Maldives has recognized Minicoy as an integral part of India.

Detailed explanation-2: -Two joint hydrographic survey have been undertaken in 2021 and 2022. As of July 2022, 14 batches comprising over 400 Maldivian civil servants have been trained under the CSC‐NCGG MoU. Over 140 Maldives Customs Service officials have being trained in India under the MoU on cooperation in Customs.

Detailed explanation-3: -India Total Loans was reported at 1, 608.042 USD bn in Sep 2022 See the table below for more data.

Detailed explanation-4: -India’s external debt stock stood at US$ 440.6 billion at end-March 2014 as against US$ 409.4 billion at end-March 2013.

There is 1 question to complete.