World Bank’s Global Economic Prospects (GEP)

Source: Livemint Syllabus:  Indian Economy and issues relating to planning, mobilization, of resources Synopsis: The World Bank releases a Global Economic Prospects (GEP) report twice a year. It is the most important source for evaluating the current and future outlook for emerging markets and developing economies (EMDEs). The recently released edition is significant because of the… Continue reading World Bank’s Global Economic Prospects (GEP)

Hope to resolve Covishield-EU issue soon, says Adar Poonawalla

Source: The Hindu What is the news? Serum Institute of India (SII) Chief Executive Officer has raised the issue of the European Union’s (EU) ‘Green Pass’ at the highest level in the EU. What is the issue? A lot of Indian travellers, who are vaccinated with Covishield may not be eligible for the European Union’s ‘green pass’.… Continue reading Hope to resolve Covishield-EU issue soon, says Adar Poonawalla

INS Tabar deployed for naval exercises in Africa, Europe till September

What is the News?  Indian Naval Ship(INS) Tabar started its prolonged deployment on June 13. It will now visit a number of ports in Africa and Europe till September end, 2021.  What will INS Tabar do?  INS Tabar will transit across the Gulf of Aden, Red Sea, Suez Canal, Mediterranean Sea, North Sea and Baltic Sea.  The ship will also… Continue reading INS Tabar deployed for naval exercises in Africa, Europe till September

Pakistan to remain on FATF greylist

What is the News?   The Financial Action Task Force (FATF) has decided to keep Pakistan in its “grey list”.   Background:   The FATF had issued the 27-point action plan after placing Pakistan on the ‘Grey List’ in 2018.The action plan pertains to stop money laundering and terror financing.   What is the status of the 27-point action plan?   Pakistan has… Continue reading Pakistan to remain on FATF greylist

Tibet gets first bullet train, links Lhasa to India border

What is the news?   China has started operating the first bullet train line in Tibet, connecting the provincial capital Lhasa with Nyingchi – a strategically located Tibetan border town close to Arunachal Pradesh.   Lhasa-Nyingchi rail line   Train link would connect the capital city of the Tibet Autonomous Region to the border city of Nyingchi with a travel time of three and a half hours.  … Continue reading Tibet gets first bullet train, links Lhasa to India border

Russia, U.K. spar over Black Sea incident

What is the News?  Russia has accused the UK of spreading lies over a warship confrontation in the Black Sea.It has warned Britain that it would respond more firmly to any further provocative actions by the British Navy off the coast of Russia-annexed Crimea.  About Black Sea: Black Sea is a marginal sea of the Atlantic Ocean. It is located between… Continue reading Russia, U.K. spar over Black Sea incident

India proposes action against LeT, Jaish within SCO framework

What is the News?  India’s National Security Advisor(NSA) has attended a meeting of NSAs from Shanghai Cooperation Organisation(SCO) member countries in Dushanbe, capital of Tajikistan.  Important Facts mentioned in the meeting  Financial Action Task Force (FATF):  The Financial Action Task Force (FATF). is an inter-governmental body established in 1989 during the G7 Summit in Paris.  Its Secretariat is… Continue reading India proposes action against LeT, Jaish within SCO framework

Google hit with European Union antitrust probe on ad-tech dominance

Synopsis: Google faces a European Union enquiry into its advertising technology.  Introduction   What is Anti-Trust Policy?  EU developed its Antitrust policy based on Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU).  Article 101 prohibits anti-competitive agreements between two or more independent market operators.  Article 102 prohibits abusive behaviour by companies holding a dominant position on any given… Continue reading Google hit with European Union antitrust probe on ad-tech dominance

IN-EUNAVFOR (Indian Navy – European Union Naval Force) Exercise in Gulf Of Aden

What is the News? The IN-EUNAVFOR (Indian Navy – European Union Naval Force) Exercise is being conducted in the Gulf Of Aden for the first time. About IN-EUNAVFOR Exercise: The IN-EUNAVFOR exercise is being conducted for the first time. Aim: To enhance and improve war-fighting skills. It also aims to promote their ability as an… Continue reading IN-EUNAVFOR (Indian Navy – European Union Naval Force) Exercise in Gulf Of Aden

Global Trends Report on Forced Displacements Released by UNHCR

What is the News? The United Nations High Commissioner for Refugees (UNHCR) has released the Global Trends Report on Forced Displacements. About Global Trends Report: The Global Trends Report is an annual report. UNHCR publishes this report. Purpose: The report counts and tracks the numbers of refugees, internally displaced people. It also tracks people who have… Continue reading Global Trends Report on Forced Displacements Released by UNHCR

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