APEC economy to reduce by 2.7% in 2020

News:According to the APEC Secretariat, Asia-Pacific Economic Cooperation (APEC) region is expected to post a 2.7% economic decline in 2020 due to the impact of COVID-19. Facts: Asia-Pacific Economic Cooperation(APEC): It is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific. Aim: To create greater prosperity for the people… Continue reading APEC economy to reduce by 2.7% in 2020

India signs $1.5 billion loans with ADB to support India’s COVID-19 immediate response

News:The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan for COVID-19 Active Response and Expenditure Support Programme (CARES Programme) Facts: The loan will be used for: COVID-19 containment plan to rapidly ramp up test-track-treatment capacity,  social protection for the poor, vulnerable, women, and disadvantaged groups to protect more than… Continue reading India signs $1.5 billion loans with ADB to support India’s COVID-19 immediate response

Aden – Yemen’s Port City

News:The Southern Transitional Council(STC),a separatist group in Yemen has declared self rule in the Port city of Aden and other southern provinces. Facts: Aden is situated along the north coast of the Gulf of Aden and lies on a peninsula enclosing the eastern side of Al-Tawāhī Harbour. In 2015, it was declared as the temporary… Continue reading Aden – Yemen’s Port City

Dispute over Paracel and Spratly Islands

News:China has again increased its presence in the South China Sea by unilaterally renamed 80 islands around the two disputed archipelagos of the Spratly Islands and the Paracel Islands. Facts: Spratly Islands: Spratly Islands are a disputed archipelago in the South China Sea.It is largely uninhabited. Countries in Dispute: China, Taiwan, Vietnam, the Philippines and… Continue reading Dispute over Paracel and Spratly Islands

Exercise Pitch Black 2020

News:Australia has informed India that their Exercise Pitch Black 2020 has been cancelled due to the COVID-19 situation. Facts: Exercise Pitch Black is a biennial multilateral air combat exercise hosted by the Royal Australian Air Force(RAAF) since 1981. Aim:To practice Offensive Counter Air(OCA) and Defensive Counter Air (DCA) combat in a simulated war environment. The… Continue reading Exercise Pitch Black 2020

UN75 Initiative

News:UN75 Initiative has released the findings from the first three months of Global Dialogue. Facts: The UN75 Initiative was launched by the United Nations in 2019. Aim:To build a global vision for the year 2045 by initiating a dialogue and action on how we can build a better world despite the many challenges we face.… Continue reading UN75 Initiative

International Day of Multilateralism and Diplomacy for Peace

News: International Day of Multilateralism and Diplomacy for Peace is celebrated every year on 24th April.  Facts: Background: Established through a resolution in 2018 and was first observed in 2019. Celebrated by: United Nations Aim: To preserve the values of multilateralism and international cooperation. Also supports the three pillars of the UN – peace and… Continue reading International Day of Multilateralism and Diplomacy for Peace

US financial aid for Greenland sparks outrage in Denmark

News:The United States offering a $12m financial package to Greenland has angered Denmark as the autonomous island falls within the territory of the Kingdom of Denmark. Facts: Greenland is the world’s largest island located between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago It is an autonomous Denmark territory with limited self-government… Continue reading US financial aid for Greenland sparks outrage in Denmark

Lebanon legalises marijuana cultivation for medicinal use

News:Lebanon has become the first Arab country to legalise Marijuana Cultivation for medical and industrial purposes. Facts: Marijuana is a psychoactive drug from the Cannabis plant used for medical, recreational & religious purposes. According to the United Nations, Lebanon is the third largest supplier of cannabis in the world after Morocco and Afghanistan. Further,there are… Continue reading Lebanon legalises marijuana cultivation for medicinal use

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