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๐Ÿ”† Mineral Security Partnership

โœ… Mineral Security Partnership
India was recently inducted into the Mineral Security Partnership (MSP).
โœ… It is an ambitious new initiative to bolster critical mineral supply chains, announced by the United States (US) and key partner countries in June 2022.
โœ… The goal of the alliance is to ensure that critical minerals are produced, processed, and recycled in a manner that supports the ability of countries to realise the full economic development benefit of their geological endowments.
โœ… The focus of the grouping would be on the supply chains of minerals such as Cobalt, Nickel, Lithium and also the 17 โ€œrare earthโ€ minerals.

โ–ช๏ธWhat is a critical mineral?
โœ… There is no global definition of critical minerals, but essentially, they are mineral deposits with high economic vulnerability and high global supply chain risk.

โ–ช๏ธWhat are major critical minerals?
โœ… The major critical minerals are Graphite, Lithium and Cobalt.
โœ… They are used for making EV batteries and are also critical for making semiconductors and high-end electronics manufacturing.
โœ… These minerals are also used in manufacturing fighter jets, drones, radio sets and other critical equipment.

โ–ช๏ธWho are the top producers of critical minerals?
โœ… The major producers of critical minerals globally are Chile, Indonesia, Congo, China, Australia and South Africa.

โ–ช๏ธWhat are rare earth elements?
โœ… The 17 rare earth elements (REE) include the 15 Lanthanides (atomic numbers 57 which is Lanthanum to 71 in the periodic table) plus Scandium (atomic number 21) and Yttrium (39).


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๐Ÿ”†India seeks transformation in ties with srilanka

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Indian Prime Minister Narendra Modi was the guest of honor at France's traditional Bastille Day parade, reflecting growing strategic ties between the two nations

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๐Ÿ”†India UAE set use rupee Durham for trade

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๐Ÿ”†IIT Delhi set to open a campus in Abu Dhabi, it is the second IIT from India to set it's campus outside India, earlier IIT Madras has also set up its capital in zanzibar

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๐Ÿ”†The UK has formally agreed to become the first European country to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

๐Ÿ“Comprehensive and Progressive Agreement for Trans-Pacific Partnership

โœ…It is a free trade agreement (FTA) between 11 nations: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

โœ…It was signed in March 2018.

โœ…It succeeded the Trans-Pacific Partnership (TPP)after the United States withdrew from the TPP in 2017.

โœ…All 11 countries of CPTPP are members of the Asia-Pacific Economic Cooperation (APEC).
๐Ÿ”†Horizon 2047 India France strategic roadmap for next 25 years


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๐Ÿ”†India France United over "strategic autonomy"

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๐Ÿ”†What is the Black Sea grain deal, which Russia has pulled out of?

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๐Ÿ”†Upholders of strategic autonomy

India and france are neutral partners where multipolarity has become a reality and sovereign equality of nations an important principle

When France and India come together, commitment to this relationship based on shared values too comes into play.

Liberty involves nations enjoying freedom from being forced into taking sides and choosing what is in their national interest. It is called โ€œstrategic autonomyโ€. India has steadfastly upheld the principle in its relations with different countries.

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๐Ÿ”†Why has a single joint statement not been released so far ?
What is the bone of contention?
What are the โ€˜Bali Paragraphsโ€™?
As G-20 President, what is Indiaโ€™s focus
?

โœ…The G20 Summit was held in the Bali island in November 2022 when Indonesia hosted the event under its presidentship. The Bali Declaration was a joint statement that came out at the end of the summit, summarising the commitments of the member countries towards the world and ways to resolve the issues at hand.
โœ…The Para 3 specifically holds the Ukraine conflict responsible for existing global economic fragilities, including increasing inflation, disruption in supply and chain and growing food and energy insecurity.
โœ…Para 4 of the Bali Declaration, meanwhile, focused more on the humanitarian side, usage of weapons and modes to resolve the conflict.
โœ…Both Russia and China were against its inclusion in the joint communique of the G20

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๐Ÿ”† Middle East logical alternative for India if Russian oil supply falls

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๐Ÿ”†Israel's controversial judicial reform bill

After a day of high drama, Israel's parliament has passed a controversial bill that could represent the most significant shake-up to its court system

Israel's controversial judicial reform bill, it aims to limit Supreme court power in striking down government decision which the judges deem unreasonable

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๐Ÿ”†Without unity, the Association of Southeast Asian Nations' (ASEAN) centrality loses much of its credibility.

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2024/09/25 01:30:37
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