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India-Italy Elevate to Special Strategic Partnership, Set €20 Bn Trade Target by 2029; Veera Pasi's 1857 Role Highlighted

Target:UPSC GS-IIMPSCSSC GATeachingPrelims HighMains HighStatic GK Link
21 May 2026
~2 min
Source: Indian Express
Key Data:€20 billion by 2029SHANTI Act, 2025Customs duty on silver: 15%Veera Pasi born 1835
Bodies:DPIITIndia Meteorological Department (IMD)
Practice MCQs from today's news ▸
What This Article Covers

1.India and Italy elevated bilateral ties to a 'special strategic partnership', setting a trade target of €20 billion by 2029 and signing agreements on defence, critical minerals, and the India-Middle East-Europe Economic Corridor (IMEEC).

2.The government is focusing on scaling up nuclear power capacity and entering the small modular reactor (SMR) manufacturing value chain following the SHANTI Act, 2025, which opened the sector to private players.

3.Political attention is being drawn to Veera Pasi, a Dalit commander from the 1857 Revolt, highlighting the use of oral history to reclaim subaltern narratives, especially with upcoming state elections in Uttar Pradesh.

The Big Picture
Prelims · HighMains · High

This article covers four distinct high-yield topics for UPSC aspirants: the elevation of India-Italy ties to a special strategic partnership with a €20 billion trade target; India's push for nuclear capacity and small modular reactors; the crisis for Odisha's GI-tagged silver filigree artisans due to silver import curbs; and the political revival of 1857 Dalit hero Veera Pasi. Each segment offers clear prelims facts and mains analysis angles.

Exam Lens

Quick Exam Facts From News

India-Italy Trade Target€20 billion by 2029
India-Italy Partnership LevelSpecial Strategic Partnership
Silver Import Duty HikeIncreased from 6% to 15%
Veera Pasi's Birth Year1835
SHANTI Act Year2025

1-Minute Revision

  • ›India-Italy Trade Target: €20 billion by 2029
  • ›India-Italy Partnership Level: Special Strategic Partnership
  • ›Target this Data: €20 billion trade target by 2029 (India-Italy).
  • ›Target this Nodal Body: Department for Promotion of Industry and Internal Trade (awards GI tags).
  • ›Target this Legal Point: SHANTI Act, 2025 (opened nuclear sector to private players).

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which ministry/department in India is responsible for awarding Geographical Indication (GI) tags?

Q2Statement-basedHard

Consider the following statements regarding the news:

1. The SHANTI Act, 2025, enabled private sector participation in the operations and fuel management of India's nuclear power sector.

2. The India-Middle East-Europe Economic Corridor (IMEEC) is a connectivity project involving ports, railways, and pipelines, with Italy as its eastern anchor.

3. Veera Pasi was a Dalit commander who fought alongside Rana Beni Madhav Baksh Singh during the Revolt of 1857.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What is the bilateral trade target set by India and Italy to be achieved by 2029?

Q4Application/ImpactMedium

What is a primary objective of the Highway Farm Forestry (HFF) concept discussed in the article?

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