Updated: Aug 23, 2018 11:48:30 am. jhoona The heads of all seven member states participated in the fourth BIMSTEC Summit: The main theme of the fourth Summit is “Towards a Peaceful, Prosperous and Sustainable Bay of Bengal Region”. Jhoona.com is an online magazine relating to science and technology, lifestyle, arts and culture, education, worlds news, health etc. The declaration highlighted the importance of multidimensional connectivity as a key enabler to economic integration for shared prosperity of the region. They will be missing their friends, routine, teachers and social time. Stating that the Summit is being held under the theme ‘Towards Peaceful, Prosperous and Sustainable Bay of Bengal Region, Oli said the BIMSTEC 2018 will enhance economic cooperation and connectivity in key areas such as energy and transportation including railways and airways, among others. Fourth BIMSTEC Summit Declaration. The Motor Vehicle Agreement and the Coastal Shipping Agreement which are important for connectivity has not been finalized yet. by The 4th Bimstec summit is being held in Kathmandu after a lapse of four years. Will identify a few core areas to concentrate instead of 16 cooperation areas which are broad and inefficient in actual implementation. April 29, 2016, 3:31 pm, by jhoona The 5th BIMSTEC Summit will be held in Sri Lanka. Therefore, India will have to carefully navigate the emerging regional geopolitics to secure its interests in the BIMSTEC. jhoona jhoona The 4th BIMSTEC Summit will be held in Kathmandu from 30 to 31 August with the main focus of the summit will be to increase connectivity between the BIMSTEC nations including roads, airways and transmission lines. It deplored terrorist attacks all over the world and strongly condemned terrorism in all its forms. The Energy Centre established in 2009 under the grouping has not been operationalized yet. Nepal’s Minister for Foreign Affairs Pradeep Kumar Gyawali has said that connectivity and poverty alleviation will be top priority of the summit. Economic Survey 2020-21 & Budget 2021-22 Mindmap Notes Uploaded! [ CLICK HERE ] Media Coverage : 4 th BIMSTEC Summit concludes with Kathmandu Declaration. For the other members, BIMSTEC holds the potential of gaining access to India’s vast market. Oli handed over the Chairmanship of the seven-member grouping to Sirisena at the end of the 4th BIMSTEC Summit here. It is celebrated around the world on various days with a number of activities and programmes. The fourth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) concluded successfully in Kathmandu on August 31, 2018. Recently the 4th summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was held in Kathmandu with the release of an 18 point declaration. Fourth Summit of Heads of State/Government of Bay of Bengal Initiativefor Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will be held at Kathmandu in Nepal on August 30 and 31. The BIMSTEC is a regional grouping comprising India, Bangladesh, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. Download Android App Download iOS App Download PC App Follow on Telegram Follow on Facebook, Also read: Offshore wind power – The underutilized potential of India, Also read: Gobardhan Yojana – The scheme that could create 1.5 million jobs, IAS EXPRESS revolutionised UPSC civil services preparation through its innovative mindmap notes programme Read More. The BIMSTEC member states have agreed to connect the nations through highway, railway, air, sea, and power-transmission line. President U Win Myint, who is on a state visit to the Federal Democratic Republic of Nepal, attended the 4th BIMSTEC Summit held in Kathmandu. This unique festival is celebrated by Hindu girls and women for three days with much fervour around the country. In National Current Affairs, 4th BIMSTEC Summit held in Kathmandu, Nepal. The BIMSTEC Development Fund will be established to strengthen the grouping financially. The 4th BIMSTEC Summit concluded in Kathmandu on August 31, 2018 with the signing and adoption of the Kathmandu Declaration by all the seven members. BIMSTEC is a regional organisation comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. They use real objects or manipulatives to count, […] More, by Popular, by March 25, 2020, 10:06 am, Being barefoot on green grass has many benefits: It develops the muscles and ligaments of the foot. September 16, 2018, 7:04 am, 4th BIMSTEC Summit Concludes in Kathmandu. Nepal's Foreign Affairs Ministrysaid, all member states of BIMSTEC have … Today, most of the smaller neighbors are highly willing to engage for benefitting from India’s economic rise which is a great opportunity for India and therefore it needs to show some sensitivity to the concerns of smaller neighbors. It is a special day for them. Hence, Sri Lanka will be conducting the fifth summit of the BIMSTEC and has become the new chair of the BIMSTEC. Climate change, the pressing concern for all member nations received only a little attention. Once negotiation on trad… Sheena. Prime Minister K P Sharma Oli inaugurated the Summit at around 3:00 pm on Thursday. India’s Nuclear Doctrine – Is it necessary to revisit? The 4th Bimstec Summit was held in Nepal at Kathmandu on the 30th to 31st of August 2018. at the conclusion of 2 days summit on Friday, Bimstec member - Bimstec And Saarc UPSC: All You Need To Know About Bimstec Countries 4th Summit 2018 JPP Parenting in the time of COVID-19 Making new routines can help. The main objective is technological and economic cooperation among member states. Your email address will not be published. It also highlighted the importance of trade and investment as one of the major contributing factors for fostering economic and social development in the region. The fourth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit was held in Kathmandu, capital of Nepal. India will have to be wary of China’s interest in joining the grouping as a member or observer which will pose a strategic challenge for India. The fourth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit was held in Kathmandu, capital of Nepal. Several important decisions were taken to give a firm institutional foundation for BIMSTEC. Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand along with 7 other South East Asian Nations were present at the Summit that concluded today (August 31). They are collectively home to around 1.5 billion people which constitute around 22% of the world population and with a combined GDP of $2.8 trillion. Organisations/Groupings/Agreements/Conventions, Offshore wind power – The underutilized potential of India, Gobardhan Yojana – The scheme that could create 1.5 million jobs. 4th BIMSTEC Summit to be Held in Kathmandu, Nepal in August 2018 Facebook; Twitter; Telegram; Whatsapp; Published on July 23, 2018 By - Inderjeet Virdi. March 30, 2020, 8:43 am, The Concrete Pictorial and Abstract approach or CPA approach is a three-stage instructional approach for teaching pre-primary and primary maths. Please enter your username or email address. The leaders also expressed commitment to eradicate poverty in the Bay of Bengal Region by 2030 in line with the 2030 Agenda for Sustainable Development. Member states agreed on Sri Lanka’s proposal to host the Summit and the ministerial level meeting next year, whose date will be confirmed later, Bairagi said. Trending This site uses Akismet to reduce spam. 4th BIMSTEC summit to be held in Nepal's Kathmandu Source: Xinhua| 2018-08-29 21:56:32|Editor: Shi Yinglun. August 31, 2018, 9:37 am It was held in Kathmandu, Nepal. Plans to strengthen the Business and Economic forums will help in fully engaging business and industry. It increases the strength of the foot’s arch. It strongly condemned terrorism in all its forms and manifestations and stressed that there can be no justification whatsoever for any act of terrorism. The summit’s focus and the declaration’s condemnation of terrorism in all its forms is a major boost for India’s fight against terrorism. During an interaction with the media persons in Kathmandu on Friday evening, Gyawali said that main focus of the summit will be to increase connectivity between the BIMSTEC nations including roads, airways and transmission lines. jhoona jhoona BIMSTEC summit: Multilateral meet concludes, leaders … jhoona jhoona They also agreed to an early conclusion of BIMSTEC Coastal Shipping Agreement and BIMSTEC Motor Vehicle Agreement. The BIMSTEC Free Trade Area Framework Agreement (BFTAFA) has been signed by all member nations to stimulate trade and investment in the parties, and attract outsiders to trade with and invest in the BIMSTEC countries at a higher level. Each country has its own date to celebrate Children’s Day. The excessive focus was given to traditional security threats marginalizing the issues of natural disasters, refugee flows and the ability to respond to climate change. The summit ended with the signing and adoption of an 18-point Kathmandu Declaration by all the seven member states. India’s strong pitch for enhanced connectivity in the summit and the resultant declaration to secure the objective is significant for India’s “neighborhood first” and “Act East” policies. You will receive a link to create a new password via email. Hot 4th BIMSTEC Summit held in Kathmandu on 30-31 August, 2018. jhoona September 16, 2018, 9:14 am, by jhoona September 11, 2018, 5:57 am, by i. Toddlers keep their heads up more when they are walking barefoot. The fourth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) concluded successfully in Kathmandu on August 31, 2018. India's Prime Minister Narendra Modi (L) shakes hand with Thailand's Prime Minister Prayut Chan-o-cha (R) in the presence of Sri Lanka's President Maithripala Sirisena (C) during the opening session of the 4th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit in Kathmandu, Nepal, Aug. 30, 2018. The 4th BIMSTEC summit successfully concluded today with Nepal Prime Minister K P Sharma Oli handing over the chairmanship of the grouping to Sri Lankan President Maithripala Sirisena. The declaration includes issues such as agricultural technology exchange, gradual reduction of the impact of climate change, increase trade and investment, and ease the visa processing for the people of BIMSTEC member states. During the summit, the Nepalese Prime Minister and the summit chairman asserted that “Now is the time not just to deliberate, but also to deliver. It strengthens feet and improves body posture. Video Player Close. September 01, 2018; Myanmar News Agency; 752; President U Win Myint attending the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit … Toddlers learn through their senses—and few parts of […] More, by India has made a strong pitch for enhanced connectivity between 7 member states which include connectivity in trade, economics, transport, digital networks, and people-to-people. It was based on the ‘representations’ theory of famous American psychologist Jerome Bruner. Fourth BIMSTEC summit to be held on 30th and 31st of this month in Nepalese capital Kathmandu; Fourth BIMSTEC summit to be held on 30th and 31st of this month in Nepalese capital Kathmandu Nepal is the current chair of BIMSTEC. The last summit was held in Naypyidaw, Myanmar in 2014. The Fourth BIMSTEC Summit was held in Kathmandu, Nepal on 30-31 August 2018. The BIMSTEC is a regional grouping comprising seven countries including Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. “In overall consideration, the 4th Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and other related meetings held before it were very important for Bangladesh,” she said reading out a written statement at a crowded press conference held at her official Ganabhaban residence Sunday afternoon, reports BSS. March 25, 2020, 12:26 pm, High frequency words are those words which occur most frequently in written text. FREE June 2020 IE Magazine PDF for UPSC Preparation! A man works to renovate the Mandala as a part of preparation for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Co-operation (BIMSTEC) Summit in Kathmandu, Nepal on Aug. 29, 2018. More focus was given to enhancing connectivity, improving trade and increasing efforts to counter terrorism. There is no strong commitment on the early conclusion of FTA (Free Trade Area) negotiations. Grand connectivity plans mooted by India will require sound planning and significant funding, an area in which India cannot match China yet. The fourth BIMSTEC Summit began on August 30, 2018 at the Soaltee Crowne Plaza Hotel in Kathmandu, Nepal. It is celebrated […] More, Teej Festival Teej festival is an auspicious Hindu festival in Nepal. With respect to the China problem, India’s ability to create more equitable solutions and build a framework that works without violating international norms should be effectively utilized to overcome this problem. A sound plan was also established to set up forums for parliamentarians, universities, cultural organizations and the media community which will enhance people-to-people connectivity. It acknowledges the importance of trade and investment as one of the major contributing factors for strengthening social and economic development in the region. Its seven member states are Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand. It has to be noted that China was given observer status in SAARC and it led to increased demand for making China a full member. India is looking to the BIMSTEC to get around the South Asian Association for Regional Cooperation (SAARC), which has become dysfunctional because of differences between India and Pakistan. There will be challenges for India from both within and outside. https://www.jhoona.com/janai-purnima-festival-of-thread/, 4th BIMSTEC summit ends by Khatmandu declaration, 4th BIMSTEC Summit: Kathmandu Declaration signed, Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Sri Lankan President Maithripala Sirisena, Bhutan’s Chief Justice and Chief Adviser of the Interim Government Tshering Wangchuk, Bangladesh Prime Minister Sheikh Hasina Wazed, Prime Minister of Thailand Prayut Chan-o-cha. jhoona And 18 point Kathmandu declaration was released. It benefits brain development. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising of seven member states in South Asia and Southeast Asia. With the decision to enhance resources for the secretariat will prompt India to allocate more resources and it will be like a test of its commitment to the grouping. It generally falls in late August or early September. November 20, 2019, 9:00 am, Children’s Day Children’s Day is celebrated to honour children and promote their welfare. Current chair of BIMSTEC PM K P Sharma Oli handed over the Chairmanship of the next BIMSTEC Summit to Sri Lankan President Maithripala Sirisena. Member states also agreed to early conclusion and ratification of the BIMSTEC Convention on Mutual Legal Assistance in Criminal Matters. 4th BIMSTEC summit to be held in Nepal's Kathmandu - YouTube A Permanent working committee will be established to give direction during the gap between two summits and also to prepare the Rules of Procedure.