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G20 Bali Summit: India’s Prominence And Other Developments

Dr. Kankana DebnathNovember 23, 20220

The G20 Bali Summit held from 15 to 16th November 2022 was the seventeenth meeting of the Group of Twenty, which was convened in Nusa Dua, Bali. Indonesia presided over the summit this year which was handed over by the Italian Prime Minister Mario Draghi to Indonesian President Joko Widodo at the end of the previous Rome summit. Several agendas and developments were discussed including climate change, Ukraine War, monetary policies, etc. The summit also saw several levels of bilateral meetings held between the participating nations. What is G20? The G20 is a multilateral platform involving the world’s largest economies. The 19 countries of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, Sou...

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Indonesia And China Strives To Focus On Trade Or Regional Affairs

Vikas DeshwalJuly 27, 20220

President Joko Widodo of Indonesia has been the foremost foreign chief to visit China since the Winter Olympics in February this year. Chinese spectators expressed on Monday that the relations between China and Indonesia are set to catch an all-around promotion after his stay. They reported that both flanks are not only watching to uplift collaboration on commerce and infrastructure but also dragging toward collaboration on creating "a society with a transferred destiny for humanity" and supporting multilateralism and fair outcome for the global society. Watchers also expressed that China has always respected Indonesia's judgment to stand up against a superpower and to attach to a non-alignment policy. They believe Indonesia's perspective and dedicated steps in advancing an equitabl

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India’s New Strategy To Tackle China: BrahMos Export Talks With Indonesia Reach Milestone

Vikas DeshwalJuly 21, 20220

Dialogues with Indonesia are in a progressive phase for exporting the Indo-Russian BrahMos supersonic cruise missile. The contract will be signed soon. However, due to that country's interior consequences, the agreement is expected to be closed by year-end or prematurely next year. Indonesia is predicted to purchase the ship-borne variant of the cruise missile for its warships, and a duo from the Indo-Russian mutual incident, BrahMos Aerospace Private Limited (BAPL), has already seen Indonesia's shipyard to study the chance of conforming the missile, according to Financial Express Online. If confirmed, Indonesia will be the second ASEAN-member nation to purchase Indo-Russian missiles. In January, the Philippines marked a $375 million deal with BAPL for the shore-based variant of t

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India Cuts Palm Oil Imports By 33%; Know Its Reason, Impact

Aditi priya singhJune 15, 20220

India has cut palm oil imports by 33.20% in May, taking the figure to 5,14,022 tons in May. However, during this period the import of RBD palm olein oil has been expanded. As per the industry body, Solvent Extractors Association (SEA), India is the world's biggest merchant(importer) of vegetable oil. India imported 7,69,602 tons of palm oil in May 2021. India's total vegetable oil imports declined to 10,05,547 tons in May this year from 12,13,142 tons a year prior. It Makes sense that India supplies around 50% of the absolute vegetable oil imports from palm oil. As per the SEA report, Indonesia removed the restriction on exports of palm oil products with specific circumstances on 23 May. Additionally, the tax on palm oil has decreased. In such a circumstance, it is normal that it...

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G20 Summit: Presidents Of Russia, Ukraine To Join, Ceasefire To Be Agreed Or Will Putin Boycott?

Gunjan ChaudharyApril 30, 20220

The G20 summit is going to be organized in Bali in November. Various speculations are being made regarding Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin and their presence that they may mark in the upcoming summit that is organized to discuss the various problems that G20 countries suffer from. Indonesian President Joko Widodo has said that Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin have both agreed to attend the G20 summit in Bali in November. Joko Widodo, who is the current chairman of the G20 group, made the remarks in a televised statement on Friday. Widodo had said he had telephone conversations with Zelensky and Putin this week. Widodo also said that he urged the leaders of both Ukraine and Russia to end the ...

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Indonesia Oil Crisis: How It Will Affect India?

Pooja YadavApril 11, 20220

Indonesia, the biggest producer, and exporter of oil are experiencing domestic shortages that the government has been forced to place curbs on shipments and introduce price controls. For the year 2021-22 (October to September), Indonesia’s vegetable oil production has been predicted to be 45.5 million tonnes (mt) consistent with the US Department of Agriculture (USDA). This is around 60% of the world’s total production of vegetable oil. The second-largest producer is Malaysia (18.7 mt). Indonesia is additionally the world’s largest exporter of vegetable oil (29 mt) and Malaysia (16.22 mt) comes in second place. In Indonesia, the costs of domestic branded oil have increased to 22,000 Indonesian rupiahs (IDR) per litre from 14,000 IDR between March 2021 to March On 1st Fe...

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Vegetable Price Hike Raising Concerns: Understand Its Causes And Impact

Pooja YadavApril 9, 20220

Domestic edible oil prices are likely to increase 10-15% within the short term after Indonesia, the world’s largest producer and exporter of oil, has announced a ban on its export from April 28, industry officials said. Sunflower oil supplies in India have already been affected because of the Ukraine-Russia war, adding pressure to household budgets. Indonesian President Joko Widodo on Friday announced the suspension of all oil and material exports from April 28 until further orders. The choice comes in the wake of a severe shortage and skyrocketing prices for edible oil within the southeast state. Indonesia is experiencing domestic shortages and the govt has been forced to place curbs on shipments and introduce price controls. For the year 2021-22 (October to September), Indonesi...

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Russia-Ukraine War: Reasons, Implications Behind Southeast Asia’s Silence

Snehashish RoyMarch 8, 20220

The stance of different parts of the world is being questioned almost two weeks after Russia began its military operation to invade Ukraine. So far, 9 out of 11 Southeast Asian nations have reprimanded Moscow for its impulsive action and called for peace during the UN General Assembly voting. However, a majority of nations from the region are tactically keeping themselves at arm's length from the crisis. Southeast Asian countries have participated in the resolution voting diplomatically. Russia's historic partners Vietnam and Laos have abstained. Singapore has rarely made decisions to impose sanctions on Russia. US's ally, The Philippines, has remained silent over the crisis situation. Call For Peace Without Taking Sides Leaders from many Southeast Asian countries have come forwar...

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