Author: ForumIAS

Crisis Recovery Facility

News:Asian Infrastructure Investment Bank(AIIB) has set up a US$10 billion Crisis Recovery Facility in the wake of the Coronavirus pandemic. Facts: Aim: To provide financing to both public and private sector entities within its members facing serious adverse impacts as a result of Coronavirus pandemic. Additional Facts: AIIB: The Asian Infrastructure Investment Bank(AIIB) is an… Continue reading Crisis Recovery Facility

Types of human coronaviruses

News:There are different types of coronaviruses that have been identified to infect humans. Facts: Coronavirus: They are a large family of single-stranded RNA viruses that belong to the Nidovirales order which includes Coronaviridae among three others. The first coronavirus was isolated in 1937 and it was the infectious bronchitis virus (IBV) that caused respiratory disease… Continue reading Types of human coronaviruses

Precautionary Principle

News:The steps being taken by the countries to halt the virus by suspending mobility are examples of a strategy known as the ‘precautionary principle’. Facts: Precautionary Principle:It states that countries must take precautionary measures when stakes are high despite when scientific evidence about the expected event being harmful is not yet certain. Significance: The principle… Continue reading Precautionary Principle

Special Drawing Rights

News: India has opposed the general allocation of new Special Drawing Rights (SDR) by the International Monetary Fund(IMF) because it might not be effective as new SDR allocation provides all 189 members with new foreign exchange reserves with no conditions. Facts: Special Drawing Right(SDR):It is neither a currency nor a claim on the IMF.It is… Continue reading Special Drawing Rights

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