General Awareness

April 04, 2017 @ 01:15 PM

India - Russia Taking relations to New Level

   Published : Wednesday, 17 December, 2014 11:53 AM
 
MBA aspirants must be updated with General Awareness on current topics. General awareness topics with analytically drawn conclusions will benefit you in XAT, IIFT, CMAT,  MAT,  Essay writing, General Awareness sections besides in GD & PI.  
 
Today, you will read Current Affair Topic: 
 
India-Russia Taking relations to New Level
 
Russia is one of the few countries in this world with whom India has hardly any irritant and since the end of cold war era importance of Russia India relations have further increased with the United States being left as the only centre of power in the world. In order to make the geopolitical set up of the world more democratic, many centres of power are required and in this respect, India and the former super power Russia with increased strategic cooperation can become new centre of power.
 
The recent one day visit by the Russian President Vladimir Putin to India had further enhanced the ties between time tested friends. Terming the ties with India as ‘privileged strategic partnership’, Russian President said that construction of new nuclear plants besides military and technical cooperation was high on the agenda for talks. He also expressed his eagerness to export liquefied natural gas (LNG) to India and involve Indian giant ONGC (Oil and Natural Gas Corporation) in oil and gas hunt in the Arctic.
 
Currently, Russia is isolated by the US and the European Union (EU) who imposed sanctions on Russia over its adventure in Ukraine.  An Asian country like Japan, the world’s third biggest economy, too has joined the West in implementing sanctions on Russia. The Western sanctions left little room for Russia and practically forced it to divert its direction of trade and business to Asia which offers far bigger and untapped markets. During the summit, two sides have decided to revive their good old defense partnership.
 
General Awareness Topic - India Russia Relations
 
Till recently, Russia used to command an over 80 per cent share of India’s defense deal but today it has fallen to just about 60 per cent and the US has already taken over as India’s number one defense supplier, nudging Russia to the second position. Both the nations also resolved to give fresh impetus to the defense ties by signing the USD3 billion deals on production of helicopters. This is the first major defense deal under the much famed ‘make in India’ scheme which involves production of state-of-the-art multi-role helicopters by Russia in Indian factories to cut down on costs and time overruns. Another important point in this deal is that India would be at liberty to export these helicopters to third countries.
 
Agreements were also signed in energy and hydrocarbon sector where Russia agreed to supply nuclear reactors to India. The two leaders presided over the signing of a "vision" document setting out a roadmap for cooperation in the sphere of nuclear power where Russia eventually would supply India with 20 nuclear reactors. India being an energy starved nation, development of hydrocarbon sector is lifeline for the future growth of the country. For that matter, Russia also proposed cooperation in hydrocarbon resources including exploration in the Arctic region.
 
Though Russian President remained for less than 24 hours in New Delhi, the cooperation agreements agreed upon by the two nations will help create growth and development opportunity for several years. Indeed the latest visit has opened a new chapter in the long lasting friendship of India and Russia.
 
Stay informed, Stay ahead and stay inspired with MBA Rendezvous

Crucial Dates, You Should not Miss

TAPMI, Manipal
Admission Application closes on January 16, 2018 for 2018-20
BIMTECH, Greater Noida
Admissions open for PGDM Programmes at BIMTECH. Apply Now !
Lal Bahadur Shastri Institute of Management
Admissions are Open at LBSIM, Delhi. Apply Now !
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is December 22, 2017.
Goa Institute of Management
PGDM Admissions Open at GIM. Apply Before January 5, 2018
NIRMA
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 09, 2018
XAT 2018
Application Last Date 30th November 2017
IMI New Delhi
Application closes 4th December 2017
XIM Bhubaneshwar
Last Date 8th December 2017
SIBM Bengaluru
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Bengaluru through the SNAP Form
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before December 31,2017
IBSAT 2017
Last date for IBSAT registration is December 12 , 2017
SSBF
Last date to register for SNAP is 24th November, 2017. Last date for SSBF is 2nd January 2018
SIBM Hyderabad
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Hyderabad through the SNAP Form
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
SDMIMD Mysore
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018
Institute of Management Technology
Application closes on November 24, 2017
MDI Murshidabad
Application for PGPM 2018-20 at MDI Murshidabad is open till November 24, 2017

Admission Open Now

Following Colleges are accepting applications.

INTERNATIONAL MANAGEMENT INSTITUTE

Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online