News: The IMF approved a $1 billion tranche for Pakistan under the $7-billion Extended Fund Facility (EFF) and $1.3 billion under the Resilience and Sustainability Facility (RSF). India abstained from voting, raising concerns over Pakistan’s track record and the risk of misuse of funds. Extended Fund Facility (EFF). About the Extended Fund Facility (EFF) The… Continue reading Extended Fund Facility (EFF)
Category: International Organisations
IMF Executive Board
News- The Appointments Committee of the Cabinet has appointed Parameswaran Iyer as the new Executive Director, representing India at IMF’s Executive Board. About IMF Executive Board The Executive Board of the IMF is responsible for the daily operations of the Fund. It exercises powers given by the Board of Governors and those under the IMF’s… Continue reading IMF Executive Board
Gita and Natyashastra in UNESCO’s Memory of the World Register
News: The Prime Minister Shri Narendra Modi hailed the inclusion of the Gita and Natyashastra in UNESCO’s Memory of the World Register as a global recognition of our timeless wisdom and rich culture. Gita and Natyashastra in UNESCO’s Memory of the World Register. About the Memory of the World (MOW) Program It is a… Continue reading Gita and Natyashastra in UNESCO’s Memory of the World Register
Carbon Tax
News: India and 62 other countries voted in favour of the world’s first-ever global carbon tax imposed on the shipping industry by the United Nations’ shipping agency. Carbon Tax. About Carbon Tax A carbon tax is a type of penalty that businesses must pay for excessive greenhouse gas emissions. The tax is usually levied per… Continue reading Carbon Tax
BIMSTEC Summit, 2025
News: The 6th Summit of the member States of BIMSTEC was held 04 April 2025, in Bangkok, Thailand. BIMSTEC Summit, 2025. Key Takeaways from the BIMSTEC Summit, 2025 Theme: “BIMSTEC: Prosperous, Resilient and Open” Vision Document: The Summit adopted the BIMSTEC Bangkok Vision 2030 document which lays out the road map for the collective prosperity… Continue reading BIMSTEC Summit, 2025
International Olympic Committee (IOC)
News– Kirsty Coventry Becomes First Woman and African President of the International Olympic Committee (IOC). About International Olympic Committee (IOC) It was established in 1894 by Pierre de Coubertin to revive the ancient Greek Olympics. Headquarters: Lausanne, Switzerland. Mission: “Building a Better World through Sport.” Roles & Responsibilities: Governs the Summer, Winter, and Youth Olympics.… Continue reading International Olympic Committee (IOC)
UN80 Initiative
News: UN Secretary-General António Guterres has unveiled the UN80 Initiative to enhance efficiency within the nearly 80-year-old organization and make it more cost-effective. UN80 Initiative. About UN80 Initiative It is a newly launched effort by United Nations Secretary-General António Guterres. It aimed at improving efficiency, cost-effectiveness, and strategic alignment within the 80-year-old global organization. The… Continue reading UN80 Initiative
World Spice Organisation (WSO)
News: As per the World Spice Organisation (WSO), despite being the world’s largest producer and exporter of a wide variety of spices, India holds a meager 0.7% share in the global seasoning market, which is valued at $14 billion in 2024. In contrast, China commands 12%, while the U.S. holds an 11% share. About World… Continue reading World Spice Organisation (WSO)
WHO Framework Convention on Tobacco Control (WHO FCTC)
News: The World Health Organization (WHO) is celebrating the 20th anniversary of the entry into force of its Framework Convention on Tobacco Control (WHO FCTC) this week. About WHO Framework Convention on Tobacco Control (WHO FCTC) The WHO FCTC is the first global public health treaty negotiated under the World Health Organization. It is an… Continue reading WHO Framework Convention on Tobacco Control (WHO FCTC)
Corruption Perceptions Index (CPI) 2024
News: India ranked 96 out of 180 countries in the Corruption Perceptions Index (CPI) 2024, dropping three places from 93 in 2023. About Corruption Perceptions Index (CPI) 2024 The Corruption Perceptions Index (CPI) is released annually by Transparency International. It ranks 180 countries and territories based on perceived levels of public sector corruption. The score… Continue reading Corruption Perceptions Index (CPI) 2024
