In May 2018, scholars of the Harvard Kennedy School released a report written for the U.S. State Department on China’s ‘Debt-trap Diplomacy’.
Working of its debt-trap diplomacy:
• It is all part of Beijing’s “Belt and Road” initiative – also known as “One Belt, One Road” (OBOR) – a US$8 trillion plan to create a new Silk Road with sea and land links across Asia and Africa to Europe.
• Projects costing around $900 billion are currently underway or in the planning stage, paid for with billion-dollar loans from Beijing. Loans that cannot be serviced leave governments in the debt trap.
• Rather than offering grants or concessionary loans, China provides huge project-related loans at market-based rates, without transparency, much less environmental- or social impact assessments.
• To strengthen its position further, China has encouraged its companies to bid for outright purchase of strategic ports, where possible.
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Denne historien er fra June 2018-utgaven av Current Affairs Made Easy.
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Appointment Of Judges
Controversy surrounding the elevation of K.M. Joseph to Supreme Court has raised bigger questions on appointment of judges and executive-judiciary relations.
Chemical Weapons
In April 2018, the US, UK and France launched strikes on Syria for the apparent use of chemical weapons by President Bashar al-Assad’s forces in the town of Douma.
Dust Storms
From 2 to 3 May 2018, high-velocity dust storms swept across parts of North India and killed atleast 125 people and injured over 200.
Hyperloop
In February 2018, Richard Branson’s Virgin Hyperloop One signed an agreement with the Maharashtra government to build an Hyperloop between Mumbai and Pune to reduce travelling time.
Second International Yoga Day
On 21st June, 2016, Hundreds of thousands across the globe observed Second International Yoga day and practiced the ancient Indian gift to the world. Observation of the International Yoga Day removed all barriers of caste, creed, gender, religion, nationalities and orientation.
China's 'Debt-Trap Diplomacy'
In May 2018, scholars of the Harvard Kennedy School released a report written for the U.S. State Department on China’s ‘Debt-trap Diplomacy’.
Inter-Korea Summit
Kim Jong-un became the first North Korean leader to set foot in South Korea when he met South Korean President Moon Jae-in on April 27.
Drone Swarm
During the opening ceremony of the Winter Olympics at Pyongyang, 1218 drone swarm made dynamic aerial caricatures depicting a gyrating snowboarder, Olympic insignia, etc.
