Sri Lanka removed from FATF’s Grey List: Report

News:Sri Lanka has been removed from ‘Grey List’ of Financial Action Task Force(FATF). Facts: Why was Sri Lanka removed? Sri Lanka was removed following the measures taken by the country on financial security When was Sri Lanka added? Sri Lanka was first included in the FATF’s blacklist in 2011 and by 2012 it was listed… Continue reading Sri Lanka removed from FATF’s Grey List: Report

Bhashan Char Island

News:Rohingya refugees in Bangladesh have agreed to be relocated to the newly built camp on the Bhashan Char Island. Facts: Who are Rohingyas? Rohingya are an ethnic group, largely comprising Muslims, who predominantly live in the Western Myanmar province of Rakhine.  In Myanmar, they are they are classified as resident foreigners or as associate citizens.… Continue reading Bhashan Char Island

IMNEX-2019

News:The India Myanmar Naval Exercise called IMNEX-2019 is being organised in Visakhapatnam from 19 to 22 October. Facts: About the exercise: IMNEX is a bilateral annual naval exercise between India and Myanmar. The first edition of the exercise was held in 2018. The joint exercise will encompass a variety of operations including anti-air and surface… Continue reading IMNEX-2019

Interpol to hold general assembly in India in 2022

News:India will host the 91st Interpol General Assembly in 2022 after its proposal received support of member countries. Facts: About Interpol: Interpol is the shorter and better known name of the International Criminal Police Organization.The agency was established in 1923. It is a network comprising 194 member nations including India.It is headquartered at Lyon,France. Interpol… Continue reading Interpol to hold general assembly in India in 2022

Italy to levy web tax on digital giants from 2020

News:Italy has approved a new tax on digital companies including U.S. tech giants as part of its 2020 draft budget. Facts: Why is digital tax? The digital tax aims to stop multinationals from avoiding taxes by setting up headquarters in low-tax European Union(EU) countries. This means that firms end up paying very little tax in… Continue reading Italy to levy web tax on digital giants from 2020

UN human rights council

News:Venezuela has won a seat on the UN Human Rights Council despite opposition by several countries over its poor human rights record. Facts: About UN Human Rights Council: The United Nations Human Rights Council (UNHRC) was established in 2006. It aims to promote and protect human rights around the globe as well as investigate alleged… Continue reading UN human rights council

Explained: Why China’s growth has slowed to a record low

News:According to China’s National Bureau of Statistics,the Chinese economy grew by just 6% in the third quarter of the current calendar year. Facts: China’s growth slowdown China’s growth rate has been slowing down since the global financial crisis of 2008-09.  However,China had recovered quickly and got back to double-digit growth in 2010-11 but since then… Continue reading Explained: Why China’s growth has slowed to a record low

Mount Paektu

News:North Korea leader has visited the Mount Paektu. Facts: About Mount Paektu: Paektu Mountain is also known as Baekdu Mountain.In China,it is known as Changbai Mountain. It is a volcanic mountain that had last erupted over 1,000 years ago. The mountain is situated at the border between North Korea and China. At a height of… Continue reading Mount Paektu

EX EASTERN BRIDGE-V

News:Indian Air Force will be participating in a Bilateral Joint exercise with Royal Air Force Oman(RAFO) named EX EASTERN BRIDGE-V. Facts: About the exercise: The exercise EASTERN BRIDGE-V will be held at Air Force Base Masirah in Oman.The exercise was first held in 2009. The joint exercise aims to improve interoperability during mutual operations between… Continue reading EX EASTERN BRIDGE-V

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