G7 Countries has said that digital currencies such as Facebook Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world’s financial system. Recently,Facebook had decided to launch a cryptocurrency called Libra.The currency is designed not to be a speculative asset like Bitcoin but a form… Continue reading G7 urges strict Libra regime, eyes minimum tax
Category: Factly: IR
This category contains all Current Affairs Factly Articles for Prelims, related to the International Relations. You can find all relevant International updates on this page. This page is specifically useful for UPSC Prelims exam.
WHO declares ebola outbreak in Congo a global health emergency
The World Health Organization(WHO) has declared the Ebola crisis in the Democratic Republic of Congo a public health emergency of international concern. Public health emergency is defined as an extraordinary event that is determined to constitute a public health risk to other States through the international spread of disease and it requires a coordinated international… Continue reading WHO declares ebola outbreak in Congo a global health emergency
Pakistan must review Kulbhushan Jadhav’s death sentence rules International Court of Justice
The International Court of Justice(ICJ) has ruled in favour of India in the Kulbhushan Jadhav case.It has asked Pakistan to review his conviction and sentencing and also grant consular access to India. The ICJ has found that the treatment of kulbhushan Jadhav by Pakistan was in contravention of the Vienna Convention. However,the ICJ has rejected… Continue reading Pakistan must review Kulbhushan Jadhav’s death sentence rules International Court of Justice
Over 820 million people suffering from hunger:UN Report
According to a UN report titled “The State of Food Security and Nutrition in the World”,more than 820 million people had suffered from hunger worldwide in 2018. The report was prepared by the UN Food and Agriculture Organization (FAO) and other United Nations agencies including the World Health Organization(WHO). The report said that globally hunger… Continue reading Over 820 million people suffering from hunger:UN Report
20 million children worldwide missed out on life-saving vaccines last year
According to data by the WHO and UNICEF,One in 10 children which is almost 20 million globally has missed out on life saving vaccines in 2018. The report also showed that an additional 1.5 million deaths could be avoided if global immunisation coverage improved. The main factors which are hindering the spread of vaccination worldwide… Continue reading 20 million children worldwide missed out on life-saving vaccines last year
Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy
Brazil,Australia and Guatemala’s has requested World Trade Organization (WTO) to set up a Dispute settlement panel(DSB) against India’s sugar subsidies. The countries have said that most subsidies to sugar producers in India violate WTO rules.Several subsidies such as the State-level export subsidies for sugar,Central assistance and export incentives were inconsistent with the WTO rules. The… Continue reading Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy
UK marks India Day with new Fast-Track Start-Up Fund
British Prime Minister has announced the creation of a new 40-million pound Fast-Track Start-up Fund. The fund will invest in Indian start-ups which focuses on India’s emerging technology enterprises.The fund will be supported by both the UK and Indian governments as part of the wider UK India-Tech Partnership. The two countries has also launched three… Continue reading UK marks India Day with new Fast-Track Start-Up Fund
India, Russia seek to skirt US sanctions threat to arms deals
Russia and India have agreed on a new mechanism which will allow payments for multi-billion dollar defence deals to be made using their own national currencies. This mechanism was established after Indian banks with exposure to the US had suspended payments and instalments to Russia to avoid the threat of punitive sanctions under Countering America’s… Continue reading India, Russia seek to skirt US sanctions threat to arms deals
Over 5 billion dollar penalty imposed on Pakistan in Reko Diq case
The World Bank’s International Centre for Settlement of Investment Disputes(ICSID) has imposed a penalty of $5.95 billion against Pakistan in the Reko Diq case. The penalty was imposed on Pakistan for unlawful denial of a mining lease to a Tethyan Copper Company(TCC) for the Reko Diq project in 2011.The company had claimed 11.43 billion dollars… Continue reading Over 5 billion dollar penalty imposed on Pakistan in Reko Diq case
No intent to exclude India from Afghan diplomacy: China
China has tried to reassure India that it does not intend to exclude India from international diplomacy on Afghanistan. This assurance came after India was excluded from the quadrilateral talks among China,Russia, the U.S. and Pakistan on the Afghanistan peace process. The four countries had jointly urged the Taliban to immediately agree to a ceasefire… Continue reading No intent to exclude India from Afghan diplomacy: China
