FMCG player Emami on 2 June 215 announced acquisition of which ayurvedic hair and scalp care brand for Rs 1,651 crore in its foray into the fast-growing haircare segment?
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Kesh King
Kesh King brand, introduced in 2009 by Sanjeev Juneja, offers products such as oil, herbal shampoo and conditioner and ayurvedic capsules. The brand has presence in 5.4 lakh outlets across India and had a turnover of around Rs 300 crore in 2014-15. Emami has been acquiring brands domestically and internationally to wade into new product categories. Earlier this year, the FMCG major acquired a controlling stake in Australia-based Fravin Pty, along with its three subsidiaries for an undisclosed sum. The company also acquired Zandu brand in 2008 for Rs 700 crore. Fravin Pty manufactures natural and organic personal care products. Last year, it acquired sanitary-napkin brand 'She Comfort' from Royal Hygiene Care in an undisclosed all-cash deal to enter into the Rs 2,100-crore women's hygiene segment dominated by Procter & Gamble and Johnson & Johnson.
Kesh King Kesh King brand, introduced in 2009 by Sanjeev Juneja, offers products such as oil, herbal shampoo and conditioner and ayurvedic capsules. The brand has presence in 5.4 lakh outlets across India and had a turnover of around Rs 300 crore in 2014-15. Emami has been acquiring brands domestically and internationally to wade into new product categories. Earlier this year, the FMCG major acquired a controlling stake in Australia-based Fravin Pty, along with its three subsidiaries for an undisclosed sum. The company also acquired Zandu brand in 2008 for Rs 700 crore. Fravin Pty manufactures natural and organic personal care products. Last year, it acquired sanitary-napkin brand 'She Comfort' from Royal Hygiene Care in an undisclosed all-cash deal to enter into the Rs 2,100-crore women's hygiene segment dominated by Procter & Gamble and Johnson & Johnson.
The 'Jal Marg Vikas' (National Waterway-1) project is the name of the project which has taken off on 2 June 2015, which envisages developing a fairway between 1,620km Allahabad and Haldia stretch, with a $3.5 million funding from the World Bank. On which river this project has started?
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Ganga
The central government has designated the IWAI as the implementing agency, with a Project Management Unit (PMU), for the Jal Marg Vikas Project. It is estimated that 'Jal Marg Vikas' (National Waterway-1) will be developed between Allahabad and Haldia covering a distance of 1,620km at an estimated cost of Rs 4,200 crore will be completed in six years. Thus, the project would enable commercial navigation of 2,000 tonne vessels. National Waterway-1 (NW-1) is a waterway passing through Uttar Pradesh, Bihar, Jharkhand and West Bengal, potentially serving the major cities of Haldia, Howrah, Kolkata, Bhagalpur, Patna, Ghazipur, Varanasi, Allahabad and their industrial hinterlands including several industries located along the Ganga basin. In March 2015, a Memorandum of Understanding (MoU) was signed between IWAI and the Dedicated Freight Corridor Corporation of India (DFCCIL) for creation of logistics hubs with rail connectivity at Varanasi and other places on the National Waterways. Therefore, as per the MoU, IWAI and DFCCIL will collaborate for the project and also facilitate business development in the hinterland and its feeder routes.
Ganga The central government has designated the IWAI as the implementing agency, with a Project Management Unit (PMU), for the Jal Marg Vikas Project. It is estimated that 'Jal Marg Vikas' (National Waterway-1) will be developed between Allahabad and Haldia covering a distance of 1,620km at an estimated cost of Rs 4,200 crore will be completed in six years. Thus, the project would enable commercial navigation of 2,000 tonne vessels. National Waterway-1 (NW-1) is a waterway passing through Uttar Pradesh, Bihar, Jharkhand and West Bengal, potentially serving the major cities of Haldia, Howrah, Kolkata, Bhagalpur, Patna, Ghazipur, Varanasi, Allahabad and their industrial hinterlands including several industries located along the Ganga basin. In March 2015, a Memorandum of Understanding (MoU) was signed between IWAI and the Dedicated Freight Corridor Corporation of India (DFCCIL) for creation of logistics hubs with rail connectivity at Varanasi and other places on the National Waterways. Therefore, as per the MoU, IWAI and DFCCIL will collaborate for the project and also facilitate business development in the hinterland and its feeder routes.
Which Indian state on 2 June 2015 celebrated its 1st Birthday?
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Telangana
Celebrating the 1st Birthday day with the people of Telangana, chief minister K Chandrasekhar Rao promised 25,000 government jobs and regularisation of services of contract workers. The chief minister began the day by paying tributes to Telangana martyrs at the Martyrs' Memorial near the legislative assembly building and then proceeded to the Parade Grounds to take part in the state formation day celebrations.
Telangana Celebrating the 1st Birthday day with the people of Telangana, chief minister K Chandrasekhar Rao promised 25,000 government jobs and regularisation of services of contract workers. The chief minister began the day by paying tributes to Telangana martyrs at the Martyrs' Memorial near the legislative assembly building and then proceeded to the Parade Grounds to take part in the state formation day celebrations.
Irwin Rose at the age of 88 yrs died on 3 June 2015. He is a biochemist who shared the 2004 Nobel Prize in chemistry for discovering what?
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A way that cells destroy unwanted proteins - a key for developing new cancer therapies Irwin Rose along with Israelis Aaron Ciechanover and Avram Hershko had discovered how plant and animal cells use a chemical "kiss-of-death" to mark old and damaged proteins so they can be destroyed. He has done Nobel work during his career at the Fox Chase Cancer Center in Philadelphia.
A way that cells destroy unwanted proteins - a key for developing new cancer therapies Irwin Rose along with Israelis Aaron Ciechanover and Avram Hershko had discovered how plant and animal cells use a chemical "kiss-of-death" to mark old and damaged proteins so they can be destroyed. He has done Nobel work during his career at the Fox Chase Cancer Center in Philadelphia.
The Norwegian Academy of Literature and Freedom of Expression has awarded Former security contractor Edward Snowden with which award?
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Bjornson Prize
The Bjornson Prize is named after a Norwegian Nobel literature laureate for his work in protecting privacy and for shining a critical light on US surveillance of its citizens and others. The academy seek an assurances from the Norwegian government that if he travelled to Norway to receive the 100,000 kroner ($12,700, 11,500 euros) prize money then Snowden would not be extradited to the US on 5 September 2015. Snowden, a former analyst at the US National Security Agency, has lived in exile in Russia since 2013 after revealing mass spying programmes by the United States and its allies.
Bjornson PrizeThe Bjornson Prize is named after a Norwegian Nobel literature laureate for his work in protecting privacy and for shining a critical light on US surveillance of its citizens and others. The academy seek an assurances from the Norwegian government that if he travelled to Norway to receive the 100,000 kroner ($12,700, 11,500 euros) prize money then Snowden would not be extradited to the US on 5 September 2015. Snowden, a former analyst at the US National Security Agency, has lived in exile in Russia since 2013 after revealing mass spying programmes by the United States and its allies.
Which 3 Indian cricket legend have been nominated by Indian cricket board president Jagmohan Dalmiya as members of the Cricket Advisory Committee of the BCCI on 2 June 2015?
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Sachin Tendulkar, Sourav Ganguly and VVS Laxman
The trio will advise BCCI on various progressive steps which are supposed to be taken and thus that will help and enable Indian cricket to be better prepared for the challenges of the future. They also involve in providing direction to improve the board's talent pathway and take steps to strengthen domestic cricket to better prepare players to handle the rigors of International cricket.
Sachin Tendulkar, Sourav Ganguly and VVS LaxmanThe trio will advise BCCI on various progressive steps which are supposed to be taken and thus that will help and enable Indian cricket to be better prepared for the challenges of the future. They also involve in providing direction to improve the board's talent pathway and take steps to strengthen domestic cricket to better prepare players to handle the rigors of International cricket.
:::INTERNATIONAL ALLIANCES :::
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South Asian Association for Regional Cooperation (SAARC)
The South Asian Association for Regional Cooperation (SAARC) is an organisation of South Asian nations, which was established on 8 December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and co-operation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan, and Bangladesh. Afghanistan joined the organisation in 2007.Meetings of heads of state are usually scheduled annually; meetings of foreign secretaries, twice annually. It is headquartered in Kathmandu, Nepal.
Regional Centres
The SAARC Secretariat is supported by following Regional Centres established in Member States to promote regional co-operation. These Centres are managed by Governing Boards comprising representatives from all the Member States, SAARC Secretary-General and the Ministry of Foreign/External Affairs of the Host Government. The Director of the Centre acts as Member Secretary to the Governing Board which reports to the Programming Committee.
SAARC Agricultural Centre (SAC), Dhaka
SAARC Meteorological Research Centre (SMRC), Dhaka
SAARC Tuberculosis Centre (STC), Kathmandu
SAARC Documentation Centre (SDC), New Delhi
SAARC Human Resources Development Centre (SHRDC), Islamabad
SAARC Coastal Zone Management Centre (SCZMC), Maldives
SAARC Information Centre (SIC), Nepal
SAARC Energy Centre (SEC), Pakistan
SAARC Disaster Management Centre (SDMC), India
SAARC Development Fund (SDF), Bhutan
SAARC Forestry Centre (SFC), Bhutan
SAARC Cultural Centre (SCC), Sri Lanka
BRICS
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members. As of 2013, the five BRICS countries represent almost 3 billion people, with a combined nominal GDP of US$16.039 trillion, and an estimated US$4 trillion in combined foreign reserves.Presently, South Africa holds the chair of the BRICS group. The BRICS have received both praise and criticism from numerous quarters.
BRICS Development Bank
The BRICS Development Bank is a proposed development bank of the BRICS nations. Its establishment was agreed to by BRICS leaders at the 2013 BRICS summit held in Durban, South Africa on 27 March 2013. Among its goals is to provide funding for infrastructure projects, and create a "Contingent Reserve Arrangement" worth $100 billion which will help member countries counteract future financial shocks.
Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations is a geo-political and economic organisation of ten countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include accelerating economic growth, social progress, cultural development among its members, protection of regional peace and stability, and opportunities for member countries to discuss differences peacefully.
ASEAN covers a land area of 4.46 million km², which is 3% of the total land area of Earth, and has a population of approximately 600 million people, which is 8.8% of the world's population. The sea area of ASEAN is about three times larger than its land counterpart. In 2011, its combined nominal GDP had grown to more than US$ 2 trillion. If ASEAN were a single entity, it would rank as the eighth largest economy in the world.
Headquarters is at Jakarta, Indonesia.
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC)
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
Background
On 6 June 1997, a new sub-regional grouping was formed in Bangkok and given the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). Myanmar attended the inaugural June Meeting as an observer and joined the organization as a full member at a Special Ministerial Meeting held in Bangkok on 22 December 1997, upon which the name of the grouping was changed to BIMST-EC. Nepal was granted observer status by the second Ministerial Meeting in Dhaka in December 1998. Subsequently, full membership has been granted to Nepal and Bhutan in 2004.
In the first Summit on 31 July 2004, leaders of the group agreed that the name of the grouping should be known as BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
Mekong–Ganga Cooperation (MGC)
The Mekong–Ganga Cooperation (MGC) was established on November 10, 2000 at Vientiane at the First MGC Ministerial Meeting. It comprises six member countries, namely India, Thailand, Myanmar, Cambodia, Laos and Vietnam. They emphasised four areas of cooperation, which are tourism, culture, education, and transportation linkage in order to be solid foundation for future trade and investment cooperation in the region. The organization takes its name from the Ganga and the Mekong, two large rivers in the region.
Economic Cooperation Organization (ECO)
The Economic Cooperation Organization (ECO) is an intergovernmental organization involving seven Asian and three Eurasian nations, part of the South-central Asian Union. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The ECO is an ad hoc organization under the United Nations Charter (Chap. VIII). The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan. The organization's population is 416,046,863 and the area is 8,620,697 km². The organization was founded by Turkey, Iran and Pakistan. ECO's Charter was signed on 15 March 1995 in Islamabad, Pakistan.
Shanghai Cooperation Organisation (SCO)
The Shanghai Cooperation Organisation or SCO is a Eurasian political, economic and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Except for Uzbekistan, the other countries had been members of the Shanghai Five, founded in 1996; after the inclusion of Uzbekistan in 2001, the members renamed the organisation. Headquarters is in Beijing, China.
Cooperation Council for the Arab States of the Gulf or Gulf Cooperation Council (GCC)
The Cooperation Council for the Arab States of the Gulf (CCASG), also known as the Gulf Cooperation Council (GCC), is a political and economic union of Arab states bordering the Persian Gulf, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
In December 2011, Saudi Arabia proposed that the GCC deepen their integration to form a confederation. Objections have been raised against the proposal by the other countries.
There have been discussions regarding the future membership of Jordan, Morocco, and Yemen
Headquartered at Riyadh, Saudi Arabia.
Asia Cooperation Dialogue (ACD)
The Asia Cooperation Dialogue (ACD) is an intergovernmental organization created in 2002 to promote Asian cooperation at a continental level and to help integrate separate regional cooperation organizations such as ASEAN, SAARC and the Gulf Cooperation Council.
History
It is the main objective of the former Thai Prime Minister to form the Asia Cooperation Dialogue or the forerunner to the ASIAN UNION. The ACD's main members states are Kuwait, Pakistan, Iran, Bahrain, Sri Lanka, Turkey, Thailand, China and Japan, the so-called major nine ACD Nations.
Organization of the Petroleum Exporting Countries (OPEC)
OPEC (Organization of the Petroleum Exporting Countries) is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers.
OPEC is an intergovernmental organization that was created at the Baghdad Conference on September 10–14, 1960, by Iraq, Kuwait, Iran, Saudi Arabia and Venezuela. Later it was joined by nine more governments: Libya, United Arab Emirates, Qatar, Indonesia, Algeria, Nigeria, Ecuador, Angola, and Gabon. OPEC was headquartered in Geneva, Switzerland before moving to Vienna, Austria, on September 1, 1965.
OPEC was formed at a time when the international oil market was largely separate from centrally planned economies, and was dominated by multinational companies. OPEC's ‘Policy Statement' states that there is a right of all countries to exercise sovereignty over their natural resources.
Headquarters is in Vienna, Austria.
Non-Aligned Movement (NAM)
The Non-Aligned Movement (NAM) is a group of states which are not formally aligned with or against any major power bloc. As of 2012, the movement has 120 members and 17 observer countries.
The organization was founded in Belgrade in 1961, and was largely conceived by India's first prime minister, Jawaharlal Nehru; Indonesia's first president, Sukarno; Egypt's second president, Gamal Abdel Nasser; Ghana's first president Kwame Nkrumah; and Yugoslavia's president, Josip Broz Tito. All five leaders were prominent advocates of a middle course for states in the Developing World between the Western and Eastern blocs in the Cold War. The phrase itself was first used to represent the doctrine by Indian diplomat Vengalil Krishnan Krishna Menon in 1953, at the United Nations.
North Atlantic Treaty Organization (NATO)
is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party. NATO's headquarters are in Brussels, Belgium, one of the 28 member states across North America and Europe, the newest of which, Albania and Croatia, joined in April 2009. An additional 22 countries participate in NATO's "Partnership for Peace", with 15 other countries involved in institutionalized dialogue programs. The combined military spending of all NATO members constitutes over 70% of the world's defence spending.
Headquarters at Brussels, Belgium.
Commonwealth of Nations
The Commonwealth of Nations is an intergovernmental organisation of 53 member states that were mostly territories of the former British Empire. The Commonwealth operates by intergovernmental consensus of the member states, organised through the Commonwealth Secretariat, and non-governmental organisations, organised through the Commonwealth Foundation Headquarters at London, United Kingdom.
Group of 15 (G-15)
The Group of 15 (G-15) is an informal forum set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Eight. It was established at the Ninth Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, and is composed of countries from Latin America, Africa, and Asia with a common goal of enhanced growth and prosperity. The G-15 focuses on cooperation among developing countries in the areas of investment, trade, and technology. Membership has since expanded to 17 countries, but the name has remained unchanged. Chile, Iran and Kenya have since joined the Group of 15, whereas Yugoslavia is no longer part of the group; Peru, a founding member-state, decided to leave the G-15 in 2011.
Membership :17
Algeria Argentina Brazil Chile Egypt India Indonesia Iran Jamaica Kenya Malaysia Mexico Zimbabwe Nigeria Senegal Sri Lanka Venezuela
Headquarters: Geneva, Switzerland
GROUP OF 24 (G24)
The Group of 24 (G24), a chapter of the G-77, was established in 1971 to coordinate the positions of developing countries on international monetary and development finance issues and to ensure that their interests were adequately represented in negotiations on international monetary matters. The group, which is officially called the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, is not an organ of the International Monetary Fund, but the IMF provides secretariat services for the Group. Its meetings usually take place twice a year, prior to the International Monetary and Financial Committee and Development Committee meetings, to enable developing country members to discuss agenda items beforehand. Although membership in the G-24 is strictly limited to 24 countries, any member of the G-77 can join discussions. China has been a "special invitee" since the Gabon meetings of 1981.
Member states
Algeria Argentina Brazil Colombia Democratic Republic of the Congo Egypt Ethiopia Gabon Ghana Kenya Guatemala India Iran Ivory Coast Lebanon Mexico Nigeria Pakistan Peru Philippines South Africa Sri Lanka Syria Peru Trinidad and Tobago Venezuela
GROUP OF 77 (G77)
The Group of 77 at the United Nations is a loose coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization, but the organization has since expanded to 132 member countries.
India is a memeber state in G 77.
European Union (EU)
The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Institutions of the EU include the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, the European Central Bank, the Court of Auditors, and the European Parliament. The European Parliament is elected every five years by EU citizens. The EU's de facto capital is Brussels.
Member states
Austria Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden United Kingdom
Group of Eight (G 8)
The Group of Eight (G8) is a forum for the governments of eight of the world's largest national economies as nominal GDP with higher HDI; not included are India at 9th, Brazil at 7th and China at 2nd. The forum originated with a 1975 summit hosted by France that brought together representatives of six governments:France, the Federal Republic of Germany, Italy, Japan, the United Kingdom, and the United States, thus leading to the name Group of Six or G6. The summit became known as the Group of Seven or G7 the following year with the addition of Canada. The G7 is composed by the 7 developed wealthiest countries on Earth (as national net wealth) and by the 7 developed wealthiest countries on Earth by GDP, and it remains active despite the creation of the G8. In 1997, Russia was added to the group which then became known as the G8. The European Union is represented within the G8 but cannot host or chair summits.
G 8 Member States:
Canada, France, Germany, Italy, Japan, Russia, United Kingdom and the United States.
G-20 major economies
The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. The G-20 heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies account for approximately 86% of the gross world product (GWP), 80 percent of world trade (including EU intra-trade), and twothirds of the world population.
Membership:
Argentina Australia Brazil Canada China European Union France Germany India Indonesia Italy Japan Mexico Saudi Arabia South Africa South Korea Turkey United Kingdom United States
South Asian Association for Regional Cooperation (SAARC)
The South Asian Association for Regional Cooperation (SAARC) is an organisation of South Asian nations, which was established on 8 December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and co-operation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan, and Bangladesh. Afghanistan joined the organisation in 2007.Meetings of heads of state are usually scheduled annually; meetings of foreign secretaries, twice annually. It is headquartered in Kathmandu, Nepal.
Regional Centres
The SAARC Secretariat is supported by following Regional Centres established in Member States to promote regional co-operation. These Centres are managed by Governing Boards comprising representatives from all the Member States, SAARC Secretary-General and the Ministry of Foreign/External Affairs of the Host Government. The Director of the Centre acts as Member Secretary to the Governing Board which reports to the Programming Committee.
SAARC Agricultural Centre (SAC), Dhaka
SAARC Meteorological Research Centre (SMRC), Dhaka
SAARC Tuberculosis Centre (STC), Kathmandu
SAARC Documentation Centre (SDC), New Delhi
SAARC Human Resources Development Centre (SHRDC), Islamabad
SAARC Coastal Zone Management Centre (SCZMC), Maldives
SAARC Information Centre (SIC), Nepal
SAARC Energy Centre (SEC), Pakistan
SAARC Disaster Management Centre (SDMC), India
SAARC Development Fund (SDF), Bhutan
SAARC Forestry Centre (SFC), Bhutan
SAARC Cultural Centre (SCC), Sri Lanka
BRICS
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members. As of 2013, the five BRICS countries represent almost 3 billion people, with a combined nominal GDP of US$16.039 trillion, and an estimated US$4 trillion in combined foreign reserves.Presently, South Africa holds the chair of the BRICS group. The BRICS have received both praise and criticism from numerous quarters.
BRICS Development Bank
The BRICS Development Bank is a proposed development bank of the BRICS nations. Its establishment was agreed to by BRICS leaders at the 2013 BRICS summit held in Durban, South Africa on 27 March 2013. Among its goals is to provide funding for infrastructure projects, and create a "Contingent Reserve Arrangement" worth $100 billion which will help member countries counteract future financial shocks.
Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations is a geo-political and economic organisation of ten countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include accelerating economic growth, social progress, cultural development among its members, protection of regional peace and stability, and opportunities for member countries to discuss differences peacefully.
ASEAN covers a land area of 4.46 million km², which is 3% of the total land area of Earth, and has a population of approximately 600 million people, which is 8.8% of the world's population. The sea area of ASEAN is about three times larger than its land counterpart. In 2011, its combined nominal GDP had grown to more than US$ 2 trillion. If ASEAN were a single entity, it would rank as the eighth largest economy in the world.
Headquarters is at Jakarta, Indonesia.
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC)
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
Background
On 6 June 1997, a new sub-regional grouping was formed in Bangkok and given the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). Myanmar attended the inaugural June Meeting as an observer and joined the organization as a full member at a Special Ministerial Meeting held in Bangkok on 22 December 1997, upon which the name of the grouping was changed to BIMST-EC. Nepal was granted observer status by the second Ministerial Meeting in Dhaka in December 1998. Subsequently, full membership has been granted to Nepal and Bhutan in 2004.
In the first Summit on 31 July 2004, leaders of the group agreed that the name of the grouping should be known as BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
Mekong–Ganga Cooperation (MGC)
The Mekong–Ganga Cooperation (MGC) was established on November 10, 2000 at Vientiane at the First MGC Ministerial Meeting. It comprises six member countries, namely India, Thailand, Myanmar, Cambodia, Laos and Vietnam. They emphasised four areas of cooperation, which are tourism, culture, education, and transportation linkage in order to be solid foundation for future trade and investment cooperation in the region. The organization takes its name from the Ganga and the Mekong, two large rivers in the region.
Economic Cooperation Organization (ECO)
The Economic Cooperation Organization (ECO) is an intergovernmental organization involving seven Asian and three Eurasian nations, part of the South-central Asian Union. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The ECO is an ad hoc organization under the United Nations Charter (Chap. VIII). The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan. The organization's population is 416,046,863 and the area is 8,620,697 km². The organization was founded by Turkey, Iran and Pakistan. ECO's Charter was signed on 15 March 1995 in Islamabad, Pakistan.
Shanghai Cooperation Organisation (SCO)
The Shanghai Cooperation Organisation or SCO is a Eurasian political, economic and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Except for Uzbekistan, the other countries had been members of the Shanghai Five, founded in 1996; after the inclusion of Uzbekistan in 2001, the members renamed the organisation. Headquarters is in Beijing, China.
Cooperation Council for the Arab States of the Gulf or Gulf Cooperation Council (GCC)
The Cooperation Council for the Arab States of the Gulf (CCASG), also known as the Gulf Cooperation Council (GCC), is a political and economic union of Arab states bordering the Persian Gulf, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
In December 2011, Saudi Arabia proposed that the GCC deepen their integration to form a confederation. Objections have been raised against the proposal by the other countries.
There have been discussions regarding the future membership of Jordan, Morocco, and Yemen
Headquartered at Riyadh, Saudi Arabia.
Asia Cooperation Dialogue (ACD)
The Asia Cooperation Dialogue (ACD) is an intergovernmental organization created in 2002 to promote Asian cooperation at a continental level and to help integrate separate regional cooperation organizations such as ASEAN, SAARC and the Gulf Cooperation Council.
History
It is the main objective of the former Thai Prime Minister to form the Asia Cooperation Dialogue or the forerunner to the ASIAN UNION. The ACD's main members states are Kuwait, Pakistan, Iran, Bahrain, Sri Lanka, Turkey, Thailand, China and Japan, the so-called major nine ACD Nations.
Organization of the Petroleum Exporting Countries (OPEC)
OPEC (Organization of the Petroleum Exporting Countries) is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers.
OPEC is an intergovernmental organization that was created at the Baghdad Conference on September 10–14, 1960, by Iraq, Kuwait, Iran, Saudi Arabia and Venezuela. Later it was joined by nine more governments: Libya, United Arab Emirates, Qatar, Indonesia, Algeria, Nigeria, Ecuador, Angola, and Gabon. OPEC was headquartered in Geneva, Switzerland before moving to Vienna, Austria, on September 1, 1965.
OPEC was formed at a time when the international oil market was largely separate from centrally planned economies, and was dominated by multinational companies. OPEC's ‘Policy Statement' states that there is a right of all countries to exercise sovereignty over their natural resources.
Headquarters is in Vienna, Austria.
Non-Aligned Movement (NAM)
The Non-Aligned Movement (NAM) is a group of states which are not formally aligned with or against any major power bloc. As of 2012, the movement has 120 members and 17 observer countries.
The organization was founded in Belgrade in 1961, and was largely conceived by India's first prime minister, Jawaharlal Nehru; Indonesia's first president, Sukarno; Egypt's second president, Gamal Abdel Nasser; Ghana's first president Kwame Nkrumah; and Yugoslavia's president, Josip Broz Tito. All five leaders were prominent advocates of a middle course for states in the Developing World between the Western and Eastern blocs in the Cold War. The phrase itself was first used to represent the doctrine by Indian diplomat Vengalil Krishnan Krishna Menon in 1953, at the United Nations.
North Atlantic Treaty Organization (NATO)
is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party. NATO's headquarters are in Brussels, Belgium, one of the 28 member states across North America and Europe, the newest of which, Albania and Croatia, joined in April 2009. An additional 22 countries participate in NATO's "Partnership for Peace", with 15 other countries involved in institutionalized dialogue programs. The combined military spending of all NATO members constitutes over 70% of the world's defence spending.
Headquarters at Brussels, Belgium.
Commonwealth of Nations
The Commonwealth of Nations is an intergovernmental organisation of 53 member states that were mostly territories of the former British Empire. The Commonwealth operates by intergovernmental consensus of the member states, organised through the Commonwealth Secretariat, and non-governmental organisations, organised through the Commonwealth Foundation Headquarters at London, United Kingdom.
Group of 15 (G-15)
The Group of 15 (G-15) is an informal forum set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Eight. It was established at the Ninth Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, and is composed of countries from Latin America, Africa, and Asia with a common goal of enhanced growth and prosperity. The G-15 focuses on cooperation among developing countries in the areas of investment, trade, and technology. Membership has since expanded to 17 countries, but the name has remained unchanged. Chile, Iran and Kenya have since joined the Group of 15, whereas Yugoslavia is no longer part of the group; Peru, a founding member-state, decided to leave the G-15 in 2011.
Membership :17
The South Asian Association for Regional Cooperation (SAARC) is an organisation of South Asian nations, which was established on 8 December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and co-operation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan, and Bangladesh. Afghanistan joined the organisation in 2007.Meetings of heads of state are usually scheduled annually; meetings of foreign secretaries, twice annually. It is headquartered in Kathmandu, Nepal.
Regional Centres
The SAARC Secretariat is supported by following Regional Centres established in Member States to promote regional co-operation. These Centres are managed by Governing Boards comprising representatives from all the Member States, SAARC Secretary-General and the Ministry of Foreign/External Affairs of the Host Government. The Director of the Centre acts as Member Secretary to the Governing Board which reports to the Programming Committee.
SAARC Agricultural Centre (SAC), Dhaka
SAARC Meteorological Research Centre (SMRC), Dhaka
SAARC Tuberculosis Centre (STC), Kathmandu
SAARC Documentation Centre (SDC), New Delhi
SAARC Human Resources Development Centre (SHRDC), Islamabad
SAARC Coastal Zone Management Centre (SCZMC), Maldives
SAARC Information Centre (SIC), Nepal
SAARC Energy Centre (SEC), Pakistan
SAARC Disaster Management Centre (SDMC), India
SAARC Development Fund (SDF), Bhutan
SAARC Forestry Centre (SFC), Bhutan
SAARC Cultural Centre (SCC), Sri Lanka
BRICS
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members. As of 2013, the five BRICS countries represent almost 3 billion people, with a combined nominal GDP of US$16.039 trillion, and an estimated US$4 trillion in combined foreign reserves.Presently, South Africa holds the chair of the BRICS group. The BRICS have received both praise and criticism from numerous quarters.
BRICS Development Bank
The BRICS Development Bank is a proposed development bank of the BRICS nations. Its establishment was agreed to by BRICS leaders at the 2013 BRICS summit held in Durban, South Africa on 27 March 2013. Among its goals is to provide funding for infrastructure projects, and create a "Contingent Reserve Arrangement" worth $100 billion which will help member countries counteract future financial shocks.
Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations is a geo-political and economic organisation of ten countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include accelerating economic growth, social progress, cultural development among its members, protection of regional peace and stability, and opportunities for member countries to discuss differences peacefully.
ASEAN covers a land area of 4.46 million km², which is 3% of the total land area of Earth, and has a population of approximately 600 million people, which is 8.8% of the world's population. The sea area of ASEAN is about three times larger than its land counterpart. In 2011, its combined nominal GDP had grown to more than US$ 2 trillion. If ASEAN were a single entity, it would rank as the eighth largest economy in the world.
Headquarters is at Jakarta, Indonesia.
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC)
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
Background
On 6 June 1997, a new sub-regional grouping was formed in Bangkok and given the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). Myanmar attended the inaugural June Meeting as an observer and joined the organization as a full member at a Special Ministerial Meeting held in Bangkok on 22 December 1997, upon which the name of the grouping was changed to BIMST-EC. Nepal was granted observer status by the second Ministerial Meeting in Dhaka in December 1998. Subsequently, full membership has been granted to Nepal and Bhutan in 2004.
In the first Summit on 31 July 2004, leaders of the group agreed that the name of the grouping should be known as BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
Mekong–Ganga Cooperation (MGC)
The Mekong–Ganga Cooperation (MGC) was established on November 10, 2000 at Vientiane at the First MGC Ministerial Meeting. It comprises six member countries, namely India, Thailand, Myanmar, Cambodia, Laos and Vietnam. They emphasised four areas of cooperation, which are tourism, culture, education, and transportation linkage in order to be solid foundation for future trade and investment cooperation in the region. The organization takes its name from the Ganga and the Mekong, two large rivers in the region.
Economic Cooperation Organization (ECO)
The Economic Cooperation Organization (ECO) is an intergovernmental organization involving seven Asian and three Eurasian nations, part of the South-central Asian Union. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The ECO is an ad hoc organization under the United Nations Charter (Chap. VIII). The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan. The organization's population is 416,046,863 and the area is 8,620,697 km². The organization was founded by Turkey, Iran and Pakistan. ECO's Charter was signed on 15 March 1995 in Islamabad, Pakistan.
Shanghai Cooperation Organisation (SCO)
The Shanghai Cooperation Organisation or SCO is a Eurasian political, economic and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Except for Uzbekistan, the other countries had been members of the Shanghai Five, founded in 1996; after the inclusion of Uzbekistan in 2001, the members renamed the organisation. Headquarters is in Beijing, China.
Cooperation Council for the Arab States of the Gulf or Gulf Cooperation Council (GCC)
The Cooperation Council for the Arab States of the Gulf (CCASG), also known as the Gulf Cooperation Council (GCC), is a political and economic union of Arab states bordering the Persian Gulf, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
In December 2011, Saudi Arabia proposed that the GCC deepen their integration to form a confederation. Objections have been raised against the proposal by the other countries.
There have been discussions regarding the future membership of Jordan, Morocco, and Yemen
Headquartered at Riyadh, Saudi Arabia.
Asia Cooperation Dialogue (ACD)
The Asia Cooperation Dialogue (ACD) is an intergovernmental organization created in 2002 to promote Asian cooperation at a continental level and to help integrate separate regional cooperation organizations such as ASEAN, SAARC and the Gulf Cooperation Council.
History
It is the main objective of the former Thai Prime Minister to form the Asia Cooperation Dialogue or the forerunner to the ASIAN UNION. The ACD's main members states are Kuwait, Pakistan, Iran, Bahrain, Sri Lanka, Turkey, Thailand, China and Japan, the so-called major nine ACD Nations.
Organization of the Petroleum Exporting Countries (OPEC)
OPEC (Organization of the Petroleum Exporting Countries) is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers.
OPEC is an intergovernmental organization that was created at the Baghdad Conference on September 10–14, 1960, by Iraq, Kuwait, Iran, Saudi Arabia and Venezuela. Later it was joined by nine more governments: Libya, United Arab Emirates, Qatar, Indonesia, Algeria, Nigeria, Ecuador, Angola, and Gabon. OPEC was headquartered in Geneva, Switzerland before moving to Vienna, Austria, on September 1, 1965.
OPEC was formed at a time when the international oil market was largely separate from centrally planned economies, and was dominated by multinational companies. OPEC's ‘Policy Statement' states that there is a right of all countries to exercise sovereignty over their natural resources.
Headquarters is in Vienna, Austria.
Non-Aligned Movement (NAM)
The Non-Aligned Movement (NAM) is a group of states which are not formally aligned with or against any major power bloc. As of 2012, the movement has 120 members and 17 observer countries.
The organization was founded in Belgrade in 1961, and was largely conceived by India's first prime minister, Jawaharlal Nehru; Indonesia's first president, Sukarno; Egypt's second president, Gamal Abdel Nasser; Ghana's first president Kwame Nkrumah; and Yugoslavia's president, Josip Broz Tito. All five leaders were prominent advocates of a middle course for states in the Developing World between the Western and Eastern blocs in the Cold War. The phrase itself was first used to represent the doctrine by Indian diplomat Vengalil Krishnan Krishna Menon in 1953, at the United Nations.
North Atlantic Treaty Organization (NATO)
is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party. NATO's headquarters are in Brussels, Belgium, one of the 28 member states across North America and Europe, the newest of which, Albania and Croatia, joined in April 2009. An additional 22 countries participate in NATO's "Partnership for Peace", with 15 other countries involved in institutionalized dialogue programs. The combined military spending of all NATO members constitutes over 70% of the world's defence spending.
Headquarters at Brussels, Belgium.
Commonwealth of Nations
The Commonwealth of Nations is an intergovernmental organisation of 53 member states that were mostly territories of the former British Empire. The Commonwealth operates by intergovernmental consensus of the member states, organised through the Commonwealth Secretariat, and non-governmental organisations, organised through the Commonwealth Foundation Headquarters at London, United Kingdom.
Group of 15 (G-15)
The Group of 15 (G-15) is an informal forum set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Eight. It was established at the Ninth Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, and is composed of countries from Latin America, Africa, and Asia with a common goal of enhanced growth and prosperity. The G-15 focuses on cooperation among developing countries in the areas of investment, trade, and technology. Membership has since expanded to 17 countries, but the name has remained unchanged. Chile, Iran and Kenya have since joined the Group of 15, whereas Yugoslavia is no longer part of the group; Peru, a founding member-state, decided to leave the G-15 in 2011.
Membership :17
| Algeria | Argentina | Brazil Chile | Egypt | India |
| Indonesia | Iran | Jamaica | Kenya | Malaysia |
| Mexico Zimbabwe | Nigeria | Senegal | Sri Lanka | Venezuela |
GROUP OF 24 (G24)
The Group of 24 (G24), a chapter of the G-77, was established in 1971 to coordinate the positions of developing countries on international monetary and development finance issues and to ensure that their interests were adequately represented in negotiations on international monetary matters. The group, which is officially called the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, is not an organ of the International Monetary Fund, but the IMF provides secretariat services for the Group. Its meetings usually take place twice a year, prior to the International Monetary and Financial Committee and Development Committee meetings, to enable developing country members to discuss agenda items beforehand. Although membership in the G-24 is strictly limited to 24 countries, any member of the G-77 can join discussions. China has been a "special invitee" since the Gabon meetings of 1981.
Member states
| Algeria | Argentina | Brazil | Colombia | Democratic Republic of the Congo |
| Egypt | Ethiopia | Gabon Ghana | Kenya | Guatemala |
| India | Iran | Ivory Coast | Lebanon | Mexico |
| Nigeria | Pakistan | Peru | Philippines | South Africa |
| Sri Lanka | Syria | Peru | Trinidad and Tobago | Venezuela |
The Group of 77 at the United Nations is a loose coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization, but the organization has since expanded to 132 member countries.
India is a memeber state in G 77.
European Union (EU)
The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Institutions of the EU include the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, the European Central Bank, the Court of Auditors, and the European Parliament. The European Parliament is elected every five years by EU citizens. The EU's de facto capital is Brussels.
Member states
| Austria | Belgium | Bulgaria | Croatia | Cyprus |
| Czech Republic | Denmark | Estonia | Finland | France |
| Germany | Greece | Hungary | Ireland | Italy |
| Latvia | Lithuania | Luxembourg | Malta | Netherlands |
| Poland | Portugal | Romania | Slovakia | Slovenia |
| Spain | Sweden | United Kingdom |
The Group of Eight (G8) is a forum for the governments of eight of the world's largest national economies as nominal GDP with higher HDI; not included are India at 9th, Brazil at 7th and China at 2nd. The forum originated with a 1975 summit hosted by France that brought together representatives of six governments:France, the Federal Republic of Germany, Italy, Japan, the United Kingdom, and the United States, thus leading to the name Group of Six or G6. The summit became known as the Group of Seven or G7 the following year with the addition of Canada. The G7 is composed by the 7 developed wealthiest countries on Earth (as national net wealth) and by the 7 developed wealthiest countries on Earth by GDP, and it remains active despite the creation of the G8. In 1997, Russia was added to the group which then became known as the G8. The European Union is represented within the G8 but cannot host or chair summits.
G 8 Member States:
Canada, France, Germany, Italy, Japan, Russia, United Kingdom and the United States.
G-20 major economies
The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. The G-20 heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies account for approximately 86% of the gross world product (GWP), 80 percent of world trade (including EU intra-trade), and twothirds of the world population.
Membership:
| Argentina | Australia | Brazil | Canada | China |
| European Union | France | Germany | India | Indonesia |
| Italy | Japan | Mexico | Saudi | Arabia |
| South Africa | South Korea | Turkey | United Kingdom | United States |
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