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India and Italy agree to elevate ties to special strategic partnership | LIVE
India and Italy have agreed to elevate their bilateral relationship to a 'special strategic partnership' following talks between Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni. The leaders announced a joint strategic action plan for 2025-2029 to provide a practical framework for cooperation in areas including trade, investment, new technologies (such as AI), critical minerals, space, and nuclear energy.
Read on The HinduDive Into Study Notes![Illustration about Geopolitics & Conflicts: Russian President Vladimir Putin and Chinese President Xi Jinping are likely to attend the upcoming [BRICS] summit in Ne](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-05-20%2Fxi-jinping-and-vladimir-putin-likely-to-be-in-delhi-for-brics-meet-badba2f1.png&w=1200&q=75)
Must ReadXi Jinping and Vladimir Putin likely to be in Delhi for BRICS meet
Russian President Vladimir Putin and Chinese President Xi Jinping are likely to attend the upcoming [BRICS] summit in New Delhi scheduled for September. The potential visit of Xi Jinping is particularly significant as it would be his first trip to India since the [Galwan Valley clash] and the subsequent border standoff in 2020.
Read on Indian ExpressDive Into Study Notes![Illustration about Polity & Governance: The [Supreme Court] granted bail to an undertrial incarcerated for five years under the [Unlawful Activities Prevention](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-05-20%2Fon-uapa-and-bail-the-supreme-court-must-heed-the-rule-it-laid-down-52d097f3.png&w=1200&q=75)
Must ReadOn UAPA and bail, the Supreme Court must heed the rule it laid down
The [Supreme Court] granted bail to an undertrial incarcerated for five years under the [Unlawful Activities Prevention Act] (UAPA) in a narco-terrorism case. The ruling by Justices B V Nagarathna and Ujjal Bhuyan reiterated that prolonged incarceration without trial violates [Article 21] (Right to Life and Liberty), causing the stringent bail conditions of [UAPA] to 'melt down,' and critiqued smaller benches for deviating from established judicial precedent.
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Must ReadWhy CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’
The Chief Economic Advisor (CEA) has warned that India is undergoing a 'live Balance of Payments (BoP) stress test' driven by global geopolitical tensions, particularly in the Middle East. This crisis is characterized by widening trade deficits due to high crude oil prices, slowing capital inflows, and pressure on the Indian rupee, marking a significant macroeconomic challenge for the upcoming fiscal years.
Read on Economic TimesDive Into Study Notes![Illustration about Bilateral Relations: India and the [United Arab Emirates (UAE)] have agreed to continue the UAE's participation in India's [Strategic Petrole](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-05-20%2Fexpert-explains-how-uaes-exit-from-opec-presents-an-opportunity-for-indias-strategic-petroleum-reserves-b0c6a268.png&w=1200&q=75)
Must ReadExpert Explains | How UAE’s exit from OPEC presents an opportunity for India’s strategic petroleum reserves
India and the [United Arab Emirates (UAE)] have agreed to continue the UAE's participation in India's [Strategic Petroleum Reserves (SPR)]. This agreement allows the UAE to store crude in Indian caverns (Chandikhol and Padur) while India stores crude in Fujairah, UAE, avoiding the vulnerable [Strait of Hormuz].
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Must ReadIndia needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report
A recent report by CareEdge Ratings highlights India's stagnant manufacturing sector, which has seen its share of GDP decline from 16% in 2015 to 13% in 2024. The report attributes this decline partly to inadequate spending on Research and Development (R&D), currently at a mere 0.6-0.7% of GDP, and recommends increasing it to 2% by 2035 to foster innovation-led manufacturing and global competitiveness.
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