In 2020, revenue from its ‘golden passport’ scheme was Vanuatu’s single-largest source of income. Revocation of Lalit Modi’s citizenship has brought country of islands into spotlight.
The fugitive businessman and former IPL chief had applied to surrender his Indian passport following acquisition of Vanuatu citizenship, according to external affairs ministry.
Pacific Island country was hit by 7.4 magnitude earthquake on 17 December. New Delhi has offered aid for rehabilitation as part of efforts to be a first responder to the region.
DMK govt accuses Centre of withholding funds, tightening borrowing, unilateral deductions from state accounts. Says Centre's accounting & funding decisions have 'artificially inflated' debt burden.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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