| S.No. | Private Bank | Headquarter |
|---|---|---|
| 1 | Axis Bank Ltd. | Mumbai |
| 2 | Bank of Rajasthan Ltd | Jaipur |
| 3 | The Catholic Syrian Bank | Thrissur |
| 4 | The Dhanalakshmi Bank Ltd | Thrissur |
| 5 | Federal Bank | Kerala |
| 6 | ING Vysya Bank Ltd | Bengaluru |
| 7 | The Karnataka Bank Ltd. | Mangalore |
| 8 | The Karur Vysya Bank Ltd. | Karur |
| 9 | The Nainital Bank Ltd. | Nainital |
| 10 | The South Indian Bank Ltd. | Thrissur |
| 11 | Tamilnad Mercantile Bank Ltd | Tuticorin |
Tuesday, September 23, 2014
List of Private sector banks in India and their headquarters
Monday, September 15, 2014
TYPES OF TAXES IN INDIA
TYPES OF TAXES IN INDIA
I. DIRECT TAXES :-These types of taxes are directly imposed & paid to Government of India. There has been a steady rise in the net Direct Tax collections in India over the years, which is healthy signal. Direct taxes, which are imposed by the Government of India, are:
(1) Income Tax :-Income tax, this tax is mostly known to everyone. Every individual whose total income exceeds taxable limit has to pay income tax based on prevailing rates applicable time to time.
(2) Capital Gains Tax :-Capital Gain tax as name suggests it is tax on gain in capital. If you sale property, shares, bonds & precious material etc. and earn profit on it within predefined time frame you are supposed to pay capital gain tax. The capital gain is the difference between the money received from selling the asset and the price paid for it.
(3) Securities Transaction Tax :-A lot of people do not declare their profit and avoid paying capital gain tax, as government can only tax those profits, which have been declared by people. To fight with this situation Government has introduced STT (Securities Transaction Tax ) which is applicable on every transaction done at stock exchange. That means if you buy or sell equity shares, derivative instruments, equity oriented Mutual Funds this tax is applicable.
(4) Perquisite Tax :-Earlier to Perquisite Tax we had tax called FBT (Fringe Benefit Tax) which was abolished in 2009, this tax is on benefit given by employer to employee. E.g If your company provides you non-monetary benefits like car with driver, club membership, ESOP etc. All this benefit is taxable under perquisite Tax.
(5) Corporate Tax :-Corporate Taxes are annual taxes payable on the income of a corporate operating in India. For the purpose of taxation companies in India are broadly classified into domestic companies and foreign companies.
II. INDIRECT TAXES :- (6) Sales Tax :-Sales tax charged on the sales of movable goods. Sale tax on Inter State sale is charged by Union Government, while sales tax on intra-State sale (sale within State) (now termed as VAT) is charged by State Government.
(7) Service Tax :- Most of the paid services you take you have to pay service tax on those services. This tax is called service tax. Over the past few years, service tax been expanded to cover new services.
(8) Value Added Tax :-The Sales Tax is the most important source of revenue of the state governments; every state has their respective Sales Tax Act. The tax rates are also different for respective states.
(9) Custom duty & Octroi (On Goods) :-Custom Duty is a type of indirect tax charged on goods imported into India. One has to pay this duty , on goods that are imported from a foreign country into India. This duty is often payable at the port of entry (like the airport). This duty rate varies based on nature of items.
(10) Excise Duty :-An excise or excise duty is a type of tax charged on goods produced within the country. This is opposite to custom duty which is charged on bringing goods from outside of country. Another name of this tax is CENVAT (Central Value Added Tax).
(11) Anti Dumping Duty :-Dumping is said to occur when the goods are exported by a country to another country at a price lower than its normal value. This is an unfair trade practice which can have a distortive effect on international trade. In order to rectify this situation Central Govt. imposes an anti dumping duty not exceeding the margin of dumping in relation to such goods.
III. OTHER TAXES :- (12) Professional Tax :-If you are earning professional you need to pay professional tax. Professional tax is imposed by respective Municipal Corporations. Most of the States in India charge this tax.
(13) Dividend distribution Tax :-Dividend distribution tax is the tax imposed by the Indian Government on companies according to the dividend paid to a company’s investors. Dividend amount to investor is tax free. At present dividend distribution tax is 15%.
(14) Municipal Tax :-Municipal Corporation in every city imposed tax in terms of property tax. Owner of every property has to pay this tax. This tax rate varies in every city.
(15) Entertainment Tax :-Tax is also applicable on Entertainment; this tax is imposed by state government on every financial transaction that is related to entertainment such as movie tickets, major commercial shows exhibition, broadcasting service, DTH service and cable service.
(16) Stamp Duty, Registration Fees, Transfer Tax :- If you decide to purchase property than in addition to cost paid to seller. You must consider additional cost to transfer that property on your name. (17) Education Cess , Surcharge :-Education cess is deducted and used for Education of poor people in INDIA. All taxes in India are subject to an education cess, which is 3% of the total tax payable. The education cess is mainly applicable on Income tax, excise duty and service tax.
(18) Gift Tax :-If you receive gift from someone it is clubbed with your income and you need to pay tax on it. This tax is called as gift tax.
(19) Wealth Tax :-Wealth tax is a direct tax, which is charged on the net wealth of the assessee. Wealth tax is chargeable in respect of Net wealth corresponding to Valuation date.Net wealth means all assets less loans taken to acquire those assets. Wealth tax is 1% on net wealth exceeding 30 Lakhs (Rs 3,000,000). So if you have more money, assets you are liable to pay tax.
(20) Toll Tax :-At some of places you need to pay tax in order to use infrastructure (road, bridge etc.) build from your money given to government as Tax. This tax is called as toll tax. This tax amount is very small amount but, to be paid for maintenance work and good up keeping.
WORLD ORGANISATIONS AND THEIR HEADQUARTERS
| Organisation | Head quarters | ||
| 1. | International Bank for Reconstruction and Development (IBRD) (World Bank) | - | Washington |
| 2. | Amnesty International | - | London (England) |
| 3. | Asian Development Bank (ADB) | - | Manila (Philippines) |
| 4. | ASEAN (Assosiation of South-East Asian Nations) | - | Jakarta (Indonesia) |
| 5. | NATO (North Atlantic Treaty Organisation) | - | Brussels (Belgium) |
| 6. | African Union (AU) | - | Addis-Ababa (Ethopia) |
| 7. | International Committee of the Red Cross (ICRC) | - | Geneva (Switzerland) |
| 8. | SAARC (South Asian Association for Regional Corporation) | - | Kathmandu (Nepal) |
| 9. | United Nations Environment Programme (UNEP) | - | Nairobi (kenya) |
| 10. | INTERPOLE (International Police) | - | Lyons (France) |
| 11. | World Trade Organisation (WTO) (w.e.f. Jan 1, 1995) | - | Geneva |
| 12. | Organisation of American States (OAS) | - | Washington D.C. |
| 13. | ARAB LEAGUE (League of Arab States) | - | Cario (Egypt) |
| 14. | COMECON | - | Minsk (Belarus) |
| 15. | World Council of Churches (WCC) | - | Geneva |
| 16. | European Energy Commission (EEC) | - | Geneva |
| 17. | Economic Commission of Africa (ECA) | - | Addis-Ababa |
| 18. | Economic Commission of West Asia (ECWA) | - | Baghdad |
| 19. | United Nations High Commission for Refugees (UNHCR) | - | Geneva |
| 20. | International Atomic Energy Agency (IAEA) | - | Vienna (Austria) |
| 21. | United Nations Industrial Development Organisation (UNIDO) | - | Vienna (Austria) |
| 22. | UNCTAD (United Nations Conference on Trade and Development | - | Geneva |
| 23. | WWF (World Wildlife Fund) | - | Gland (Switzerland) |
| 24. | International Olympic Committee (IOC) | - | Lusane |
| 25. | European Common Market (ECM) | - | Geneva |
| 26. | CHOGM (Common wealth Heads of Governments Meet) | - | London |
| 27. | OPEC (Organisation of Petroleum Exporting Countries) | - | Vienna |
| 28. | OECD (Organisation for Economic Co-operation and Development | - | Paris |
| 29. | CENTO (Central Treaty Organisation) | - | Ankara (Turkey) |
| 30. | Commonwealth | - | London |
| 31. | European Economy Community (EEC) | - | Brussels |
| 32. | Council of European | - | Strasbourg |
| 33. | European Space Research Organization (ESRO) | - | Paris |
| 34. | BENELUX Economic Union | - | Brussels |
| 35. | Economic and Social Commission for Asia and the Pacific (ESCAP) | - | Bankgkok (Thiland) |
| 36. | Economic Commission for Europe (ECE) | - | Geneva |
| 37. | Economic Commission for Latin America and the Carribbean | - | Santiago (Chile) |
| 38. | Economic and Social Commission for Western Asia (ESCWA) | - | Jordan (Amman) |
| 39. | ANZUS Council | - | Canberra (Australia) |
| 40. | United Nations Centre for Human Settlements (UNCHS) | - | New york |
| 41. | United Nations International Children's Emergency Fund (UNICEF) | - | New York |
| 42. | United Nations Fund for Population Activities (UNDPA) | - | New York |
| 43. | United Nations Development Programme (UNDP) | - | New York |
| 44. | United Nations Institute for Training and Research (UNITAR) | - | New York |
| 45. | United Nations Population Fund (UNFPA) | - | New York |
| 46. | United Nations Research Institute for Social Development (UNRISD) | - | Geneva |
| 47. | World Food Programme (WFP) | - | Rome (Italy) |
| 48. | Food and Agriculture Organisation (FAO) | - | Rome (Italy) |
| 49. | International Civil Aviation Organisation (ICAO) | - | Montreal (Canada) |
| 50. | International Fund for Agricultural Development (IFAD) | - | Rome |
| 51. | International Labour Orgsanisation (ILO) | - | Geneva |
| 52. | International Monetary Fund (IMF) | - | Washington |
| 53. | International Telecommunication Union (ITU) | - | Geneva |
| 54. | United Nations Educational, Scientific and Cultural Organisation (UNESCO) | - | Paris |
| 55. | Universal Postal Union (UPU) | - | Berne (Switzerland) |
| 56. | World Health Organisation (WHO) | - | Geneva |
| 57. | World Intellectual Property Organisation (WIPO) | - | Geneva |
| 58. | World Meteorological Organisation (WMO) | - | Geneva |
| 59. | Voluntary Service Overseas (VSO) | - | London |
| 60. | Woman Aid International | - | London |
| 61. | European Free Trade Association (EFTA) | - | Geneva |
| 62. | Organisation of Arab Petroleum Exporting Countries | - | Kuwait |
| 63. | Organisation of Economic Cooperation and Development (OECD) | - | Paris |
| 64. | Organisation of Islamic Conference (OIC) | - | Mecca |
INTERNATIONAL ALLIANCES
South Asian Association for Regional Cooperation (SAARC)
The South Asian Association for Regional Cooperation (SAARC) is an organisation of South Asian nations, which was established on 8 December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and co-operation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan, and Bangladesh. Afghanistan joined the organisation in 2007.Meetings of heads of state are usually scheduled annually; meetings of foreign secretaries, twice annually. It is headquartered in Kathmandu, Nepal.
Regional Centres
The SAARC Secretariat is supported by following Regional Centres established in Member States to promote regional co-operation. These Centres are managed by Governing Boards comprising representatives from all the Member States, SAARC Secretary-General and the Ministry of Foreign/External Affairs of the Host Government. The Director of the Centre acts as Member Secretary to the Governing Board which reports to the Programming Committee.
SAARC Agricultural Centre (SAC), Dhaka
SAARC Meteorological Research Centre (SMRC), Dhaka
SAARC Tuberculosis Centre (STC), Kathmandu
SAARC Documentation Centre (SDC), New Delhi
SAARC Human Resources Development Centre (SHRDC), Islamabad
SAARC Coastal Zone Management Centre (SCZMC), Maldives
SAARC Information Centre (SIC), Nepal
SAARC Energy Centre (SEC), Pakistan
SAARC Disaster Management Centre (SDMC), India
SAARC Development Fund (SDF), Bhutan
SAARC Forestry Centre (SFC), Bhutan
SAARC Cultural Centre (SCC), Sri Lanka
BRICS
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members. As of 2013, the five BRICS countries represent almost 3 billion people, with a combined nominal GDP of US$16.039 trillion, and an estimated US$4 trillion in combined foreign reserves.Presently, South Africa holds the chair of the BRICS group. The BRICS have received both praise and criticism from numerous quarters.
BRICS Development Bank
The BRICS Development Bank is a proposed development bank of the BRICS nations. Its establishment was agreed to by BRICS leaders at the 2013 BRICS summit held in Durban, South Africa on 27 March 2013. Among its goals is to provide funding for infrastructure projects, and create a "Contingent Reserve Arrangement" worth $100 billion which will help member countries counteract future financial shocks.
Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations is a geo-political and economic organisation of ten countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include accelerating economic growth, social progress, cultural development among its members, protection of regional peace and stability, and opportunities for member countries to discuss differences peacefully.
ASEAN covers a land area of 4.46 million km², which is 3% of the total land area of Earth, and has a population of approximately 600 million people, which is 8.8% of the world's population. The sea area of ASEAN is about three times larger than its land counterpart. In 2011, its combined nominal GDP had grown to more than US$ 2 trillion. If ASEAN were a single entity, it would rank as the eighth largest economy in the world.
Headquarters is at Jakarta, Indonesia.
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC)
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
Background
On 6 June 1997, a new sub-regional grouping was formed in Bangkok and given the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). Myanmar attended the inaugural June Meeting as an observer and joined the organization as a full member at a Special Ministerial Meeting held in Bangkok on 22 December 1997, upon which the name of the grouping was changed to BIMST-EC. Nepal was granted observer status by the second Ministerial Meeting in Dhaka in December 1998. Subsequently, full membership has been granted to Nepal and Bhutan in 2004.
In the first Summit on 31 July 2004, leaders of the group agreed that the name of the grouping should be known as BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
Mekong–Ganga Cooperation (MGC)
The Mekong–Ganga Cooperation (MGC) was established on November 10, 2000 at Vientiane at the First MGC Ministerial Meeting. It comprises six member countries, namely India, Thailand, Myanmar, Cambodia, Laos and Vietnam. They emphasised four areas of cooperation, which are tourism, culture, education, and transportation linkage in order to be solid foundation for future trade and investment cooperation in the region. The organization takes its name from the Ganga and the Mekong, two large rivers in the region.
Economic Cooperation Organization (ECO)
The Economic Cooperation Organization (ECO) is an intergovernmental organization involving seven Asian and three Eurasian nations, part of the South-central Asian Union. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The ECO is an ad hoc organization under the United Nations Charter (Chap. VIII). The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan. The organization's population is 416,046,863 and the area is 8,620,697 km². The organization was founded by Turkey, Iran and Pakistan. ECO's Charter was signed on 15 March 1995 in Islamabad, Pakistan.
Shanghai Cooperation Organisation (SCO)
The Shanghai Cooperation Organisation or SCO is a Eurasian political, economic and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Except for Uzbekistan, the other countries had been members of the Shanghai Five, founded in 1996; after the inclusion of Uzbekistan in 2001, the members renamed the organisation. Headquarters is in Beijing, China.
Cooperation Council for the Arab States of the Gulf or Gulf Cooperation Council (GCC)
The Cooperation Council for the Arab States of the Gulf (CCASG), also known as the Gulf Cooperation Council (GCC), is a political and economic union of Arab states bordering the Persian Gulf, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
In December 2011, Saudi Arabia proposed that the GCC deepen their integration to form a confederation. Objections have been raised against the proposal by the other countries.
There have been discussions regarding the future membership of Jordan, Morocco, and Yemen
Headquartered at Riyadh, Saudi Arabia.
Asia Cooperation Dialogue (ACD)
The Asia Cooperation Dialogue (ACD) is an intergovernmental organization created in 2002 to promote Asian cooperation at a continental level and to help integrate separate regional cooperation organizations such as ASEAN, SAARC and the Gulf Cooperation Council.
History
It is the main objective of the former Thai Prime Minister to form the Asia Cooperation Dialogue or the forerunner to the ASIAN UNION. The ACD's main members states are Kuwait, Pakistan, Iran, Bahrain, Sri Lanka, Turkey, Thailand, China and Japan, the so-called major nine ACD Nations.
Organization of the Petroleum Exporting Countries (OPEC)
OPEC (Organization of the Petroleum Exporting Countries) is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers.
OPEC is an intergovernmental organization that was created at the Baghdad Conference on September 10–14, 1960, by Iraq, Kuwait, Iran, Saudi Arabia and Venezuela. Later it was joined by nine more governments: Libya, United Arab Emirates, Qatar, Indonesia, Algeria, Nigeria, Ecuador, Angola, and Gabon. OPEC was headquartered in Geneva, Switzerland before moving to Vienna, Austria, on September 1, 1965.
OPEC was formed at a time when the international oil market was largely separate from centrally planned economies, and was dominated by multinational companies. OPEC's ‘Policy Statement' states that there is a right of all countries to exercise sovereignty over their natural resources.
Headquarters is in Vienna, Austria.
Non-Aligned Movement (NAM)
The Non-Aligned Movement (NAM) is a group of states which are not formally aligned with or against any major power bloc. As of 2012, the movement has 120 members and 17 observer countries.
The organization was founded in Belgrade in 1961, and was largely conceived by India's first prime minister, Jawaharlal Nehru; Indonesia's first president, Sukarno; Egypt's second president, Gamal Abdel Nasser; Ghana's first president Kwame Nkrumah; and Yugoslavia's president, Josip Broz Tito. All five leaders were prominent advocates of a middle course for states in the Developing World between the Western and Eastern blocs in the Cold War. The phrase itself was first used to represent the doctrine by Indian diplomat Vengalil Krishnan Krishna Menon in 1953, at the United Nations.
North Atlantic Treaty Organization (NATO)
is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party. NATO's headquarters are in Brussels, Belgium, one of the 28 member states across North America and Europe, the newest of which, Albania and Croatia, joined in April 2009. An additional 22 countries participate in NATO's "Partnership for Peace", with 15 other countries involved in institutionalized dialogue programs. The combined military spending of all NATO members constitutes over 70% of the world's defence spending.
Headquarters at Brussels, Belgium.
Commonwealth of Nations
The Commonwealth of Nations is an intergovernmental organisation of 53 member states that were mostly territories of the former British Empire. The Commonwealth operates by intergovernmental consensus of the member states, organised through the Commonwealth Secretariat, and non-governmental organisations, organised through the Commonwealth Foundation Headquarters at London, United Kingdom.
Group of 15 (G-15)
The Group of 15 (G-15) is an informal forum set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Eight. It was established at the Ninth Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, and is composed of countries from Latin America, Africa, and Asia with a common goal of enhanced growth and prosperity. The G-15 focuses on cooperation among developing countries in the areas of investment, trade, and technology. Membership has since expanded to 17 countries, but the name has remained unchanged. Chile, Iran and Kenya have since joined the Group of 15, whereas Yugoslavia is no longer part of the group; Peru, a founding member-state, decided to leave the G-15 in 2011.
Membership :17
The South Asian Association for Regional Cooperation (SAARC) is an organisation of South Asian nations, which was established on 8 December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and co-operation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan, and Bangladesh. Afghanistan joined the organisation in 2007.Meetings of heads of state are usually scheduled annually; meetings of foreign secretaries, twice annually. It is headquartered in Kathmandu, Nepal.
Regional Centres
The SAARC Secretariat is supported by following Regional Centres established in Member States to promote regional co-operation. These Centres are managed by Governing Boards comprising representatives from all the Member States, SAARC Secretary-General and the Ministry of Foreign/External Affairs of the Host Government. The Director of the Centre acts as Member Secretary to the Governing Board which reports to the Programming Committee.
SAARC Agricultural Centre (SAC), Dhaka
SAARC Meteorological Research Centre (SMRC), Dhaka
SAARC Tuberculosis Centre (STC), Kathmandu
SAARC Documentation Centre (SDC), New Delhi
SAARC Human Resources Development Centre (SHRDC), Islamabad
SAARC Coastal Zone Management Centre (SCZMC), Maldives
SAARC Information Centre (SIC), Nepal
SAARC Energy Centre (SEC), Pakistan
SAARC Disaster Management Centre (SDMC), India
SAARC Development Fund (SDF), Bhutan
SAARC Forestry Centre (SFC), Bhutan
SAARC Cultural Centre (SCC), Sri Lanka
BRICS
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members. As of 2013, the five BRICS countries represent almost 3 billion people, with a combined nominal GDP of US$16.039 trillion, and an estimated US$4 trillion in combined foreign reserves.Presently, South Africa holds the chair of the BRICS group. The BRICS have received both praise and criticism from numerous quarters.
BRICS Development Bank
The BRICS Development Bank is a proposed development bank of the BRICS nations. Its establishment was agreed to by BRICS leaders at the 2013 BRICS summit held in Durban, South Africa on 27 March 2013. Among its goals is to provide funding for infrastructure projects, and create a "Contingent Reserve Arrangement" worth $100 billion which will help member countries counteract future financial shocks.
Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations is a geo-political and economic organisation of ten countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include accelerating economic growth, social progress, cultural development among its members, protection of regional peace and stability, and opportunities for member countries to discuss differences peacefully.
ASEAN covers a land area of 4.46 million km², which is 3% of the total land area of Earth, and has a population of approximately 600 million people, which is 8.8% of the world's population. The sea area of ASEAN is about three times larger than its land counterpart. In 2011, its combined nominal GDP had grown to more than US$ 2 trillion. If ASEAN were a single entity, it would rank as the eighth largest economy in the world.
Headquarters is at Jakarta, Indonesia.
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC)
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
Background
On 6 June 1997, a new sub-regional grouping was formed in Bangkok and given the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). Myanmar attended the inaugural June Meeting as an observer and joined the organization as a full member at a Special Ministerial Meeting held in Bangkok on 22 December 1997, upon which the name of the grouping was changed to BIMST-EC. Nepal was granted observer status by the second Ministerial Meeting in Dhaka in December 1998. Subsequently, full membership has been granted to Nepal and Bhutan in 2004.
In the first Summit on 31 July 2004, leaders of the group agreed that the name of the grouping should be known as BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
Mekong–Ganga Cooperation (MGC)
The Mekong–Ganga Cooperation (MGC) was established on November 10, 2000 at Vientiane at the First MGC Ministerial Meeting. It comprises six member countries, namely India, Thailand, Myanmar, Cambodia, Laos and Vietnam. They emphasised four areas of cooperation, which are tourism, culture, education, and transportation linkage in order to be solid foundation for future trade and investment cooperation in the region. The organization takes its name from the Ganga and the Mekong, two large rivers in the region.
Economic Cooperation Organization (ECO)
The Economic Cooperation Organization (ECO) is an intergovernmental organization involving seven Asian and three Eurasian nations, part of the South-central Asian Union. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The ECO is an ad hoc organization under the United Nations Charter (Chap. VIII). The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan. The organization's population is 416,046,863 and the area is 8,620,697 km². The organization was founded by Turkey, Iran and Pakistan. ECO's Charter was signed on 15 March 1995 in Islamabad, Pakistan.
Shanghai Cooperation Organisation (SCO)
The Shanghai Cooperation Organisation or SCO is a Eurasian political, economic and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Except for Uzbekistan, the other countries had been members of the Shanghai Five, founded in 1996; after the inclusion of Uzbekistan in 2001, the members renamed the organisation. Headquarters is in Beijing, China.
Cooperation Council for the Arab States of the Gulf or Gulf Cooperation Council (GCC)
The Cooperation Council for the Arab States of the Gulf (CCASG), also known as the Gulf Cooperation Council (GCC), is a political and economic union of Arab states bordering the Persian Gulf, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
In December 2011, Saudi Arabia proposed that the GCC deepen their integration to form a confederation. Objections have been raised against the proposal by the other countries.
There have been discussions regarding the future membership of Jordan, Morocco, and Yemen
Headquartered at Riyadh, Saudi Arabia.
Asia Cooperation Dialogue (ACD)
The Asia Cooperation Dialogue (ACD) is an intergovernmental organization created in 2002 to promote Asian cooperation at a continental level and to help integrate separate regional cooperation organizations such as ASEAN, SAARC and the Gulf Cooperation Council.
History
It is the main objective of the former Thai Prime Minister to form the Asia Cooperation Dialogue or the forerunner to the ASIAN UNION. The ACD's main members states are Kuwait, Pakistan, Iran, Bahrain, Sri Lanka, Turkey, Thailand, China and Japan, the so-called major nine ACD Nations.
Organization of the Petroleum Exporting Countries (OPEC)
OPEC (Organization of the Petroleum Exporting Countries) is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers.
OPEC is an intergovernmental organization that was created at the Baghdad Conference on September 10–14, 1960, by Iraq, Kuwait, Iran, Saudi Arabia and Venezuela. Later it was joined by nine more governments: Libya, United Arab Emirates, Qatar, Indonesia, Algeria, Nigeria, Ecuador, Angola, and Gabon. OPEC was headquartered in Geneva, Switzerland before moving to Vienna, Austria, on September 1, 1965.
OPEC was formed at a time when the international oil market was largely separate from centrally planned economies, and was dominated by multinational companies. OPEC's ‘Policy Statement' states that there is a right of all countries to exercise sovereignty over their natural resources.
Headquarters is in Vienna, Austria.
Non-Aligned Movement (NAM)
The Non-Aligned Movement (NAM) is a group of states which are not formally aligned with or against any major power bloc. As of 2012, the movement has 120 members and 17 observer countries.
The organization was founded in Belgrade in 1961, and was largely conceived by India's first prime minister, Jawaharlal Nehru; Indonesia's first president, Sukarno; Egypt's second president, Gamal Abdel Nasser; Ghana's first president Kwame Nkrumah; and Yugoslavia's president, Josip Broz Tito. All five leaders were prominent advocates of a middle course for states in the Developing World between the Western and Eastern blocs in the Cold War. The phrase itself was first used to represent the doctrine by Indian diplomat Vengalil Krishnan Krishna Menon in 1953, at the United Nations.
North Atlantic Treaty Organization (NATO)
is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party. NATO's headquarters are in Brussels, Belgium, one of the 28 member states across North America and Europe, the newest of which, Albania and Croatia, joined in April 2009. An additional 22 countries participate in NATO's "Partnership for Peace", with 15 other countries involved in institutionalized dialogue programs. The combined military spending of all NATO members constitutes over 70% of the world's defence spending.
Headquarters at Brussels, Belgium.
Commonwealth of Nations
The Commonwealth of Nations is an intergovernmental organisation of 53 member states that were mostly territories of the former British Empire. The Commonwealth operates by intergovernmental consensus of the member states, organised through the Commonwealth Secretariat, and non-governmental organisations, organised through the Commonwealth Foundation Headquarters at London, United Kingdom.
Group of 15 (G-15)
The Group of 15 (G-15) is an informal forum set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Eight. It was established at the Ninth Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, and is composed of countries from Latin America, Africa, and Asia with a common goal of enhanced growth and prosperity. The G-15 focuses on cooperation among developing countries in the areas of investment, trade, and technology. Membership has since expanded to 17 countries, but the name has remained unchanged. Chile, Iran and Kenya have since joined the Group of 15, whereas Yugoslavia is no longer part of the group; Peru, a founding member-state, decided to leave the G-15 in 2011.
Membership :17
| Algeria | Argentina | Brazil Chile | Egypt | India |
| Indonesia | Iran | Jamaica | Kenya | Malaysia |
| Mexico Zimbabwe | Nigeria | Senegal | Sri Lanka | Venezuela |
GROUP OF 24 (G24)
The Group of 24 (G24), a chapter of the G-77, was established in 1971 to coordinate the positions of developing countries on international monetary and development finance issues and to ensure that their interests were adequately represented in negotiations on international monetary matters. The group, which is officially called the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, is not an organ of the International Monetary Fund, but the IMF provides secretariat services for the Group. Its meetings usually take place twice a year, prior to the International Monetary and Financial Committee and Development Committee meetings, to enable developing country members to discuss agenda items beforehand. Although membership in the G-24 is strictly limited to 24 countries, any member of the G-77 can join discussions. China has been a "special invitee" since the Gabon meetings of 1981.
Member states
| Algeria | Argentina | Brazil | Colombia | Congo |
| Egypt | Ethiopia | Gabon Ghana | Kenya | Guatemala |
| India | Iran | Ivory Coast | Lebanon | Mexico |
| Nigeria | Pakistan | Peru | Philippines | South Africa |
| Sri Lanka | Syria | Peru | Trinidad and Tobago | Venezuela |
The Group of 77 at the United Nations is a loose coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization, but the organization has since expanded to 132 member countries.
India is a memeber state in G 77.
European Union (EU)
The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Institutions of the EU include the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, the European Central Bank, the Court of Auditors, and the European Parliament. The European Parliament is elected every five years by EU citizens. The EU's de facto capital is Brussels.
Member states
| Austria | Belgium | Bulgaria | Croatia | Cyprus |
| Czech Republic | Denmark | Estonia | Finland | France |
| Germany | Greece | Hungary | Ireland | Italy |
| Latvia | Lithuania | Luxembourg | Malta | Netherlands |
| Poland | Portugal | Romania | Slovakia | Slovenia |
| Spain | Sweden | United Kingdom |
The Group of Eight (G8) is a forum for the governments of eight of the world's largest national economies as nominal GDP with higher HDI; not included are India at 9th, Brazil at 7th and China at 2nd. The forum originated with a 1975 summit hosted by France that brought together representatives of six governments:France, the Federal Republic of Germany, Italy, Japan, the United Kingdom, and the United States, thus leading to the name Group of Six or G6. The summit became known as the Group of Seven or G7 the following year with the addition of Canada. The G7 is composed by the 7 developed wealthiest countries on Earth (as national net wealth) and by the 7 developed wealthiest countries on Earth by GDP, and it remains active despite the creation of the G8. In 1997, Russia was added to the group which then became known as the G8. The European Union is represented within the G8 but cannot host or chair summits.
G 8 Member States:
Canada, France, Germany, Italy, Japan, Russia, United Kingdom and the United States.
G-20 major economies
The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. The G-20 heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies account for approximately 86% of the gross world product (GWP), 80 percent of world trade (including EU intra-trade), and twothirds of the world population.
Membership:
| Argentina | Australia | Brazil | Canada | China |
| European Union | France | Germany | India | Indonesia |
| Italy | Japan | Mexico | Saudi | Arabia |
| South Africa | South Korea | Turkey | United Kingdom | United States |
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