Current Affairs
India to import Crude Oil from United States for first time
Current Affairs: India, the world’s third-largest oil importer, will import crude oil from the United States of America (USA) for the first time after Indian Oil Corporation bought a cargo that will be delivered in October 2017.
India is the latest Asian country to buy US crude after South Korea, Japan, China, Thailand, Australia and Taiwan.
India, US and Japan navies kick off 2017 Malabar Exercise
India, Japan, and United States (US) started the 2017 MALABAR trilateral naval Exercise near Chennai in the Bay of Bengal.
It is the 21st edition of the naval exercise.
The primary aim of this multilateral exercise is to increase interoperability amongst the three navies and develop a common understanding of procedures for Maritime Security Operations and deepen defense relations.
The 8 day long Malabar 2017 exercise consists of both ashore and at-sea activities.