India among top 10 countries gaining forest area in the world: FAO

News: Food and Agriculture Organization (FAO) has released the latest Global Forest Resources Assessment(FRA). Facts: The FAO has brought out this comprehensive assessment every five years since 1990.  Aim: To assess the state of forests, their conditions and management for all member countries. Key Takeaways: Highest Forest Area: The 10 countries that have recorded maximum… Continue reading India among top 10 countries gaining forest area in the world: FAO

UN World Wildlife Crime Report

News: The United Nations Office on Drugs and Crime(UNODC) has released the World Wildlife Crime Report 2020. Facts: The first World Wildlife Crime Report was released in 2016 which represented the first ever report of this nature. Aim: To present wildlife crime situations with a focus on illicit trafficking of specific protected species of wild… Continue reading UN World Wildlife Crime Report

Financial Management Index for Rural Development Programmes

News: The Union Minister of Rural Development has released the “Financial Management Index for Rural Development Programmes”. Facts: Aim: To rank states on efficient management of financial resources allocated for implementing rural development programmes. Parameters: The index will rank the States on the basis of following parameters: Preparation of annual plan and projecting the requirement… Continue reading Financial Management Index for Rural Development Programmes

RBI signs $400 mn currency swap with Sri Lanka

News: The Reserve Bank of India(RBI) has signed a $400-million currency swap facility with Sri Lanka under the SAARC Currency Swap Framework 2019-22. Facts: Currency Swap: The term Swap means exchange.Under this, a country provides dollars to a foreign central bank which at the same time provides the equivalent funds in its currency to the… Continue reading RBI signs $400 mn currency swap with Sri Lanka

India’s first trans-shipment hub – Vallarpadam Terminal

News: Minister of State for Shipping has reviewed the development activities of India’s first trans-shipment hub – Vallarpadam Terminal. Facts: Vallarpadam Terminal: It is a part of the Cochin Port in Kochi, Kerala located on Vallarpadam Island. The terminal is proposed to be developed as the most preferred gateway for South India and leading trans-shipment… Continue reading India’s first trans-shipment hub – Vallarpadam Terminal

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