In News Recently, the IMF lifted the yuan’s weighting in the Special Drawing Rights currency basket. About the recent changes Recent change in Weightage: The IMF raised the yuan’s weight to 12.28% from 10.92% in its first regular review of the SDR evaluation since the Chinese currency was included in the basket in 2016. The […]
In News India drop by 8 positions in the recently released World Press Freedom Index by the international journalism not-for-profit body, Reporters Without Borders (RSF). About World Press Freedom Index The Index has been released every year by Reporters Without Borders (RSF) since 2002. Reporters Without Borders (RSF)is an international NGO, based in Paris which […]
In News Recently, the Stockholm International Peace Research Institute (SIPRI) published new data on global military spending. Key Findings All time high: World military spending continued to grow in 2021, reaching an all-time high of $2.1 trillion despite the economic fallout of the pandemic. Five Largest Spenders in 2021: The U.S, China, India, the […]
In News Recently, the United Nations General Assembly (UNGA) voted on a draft resolution to suspend Russia from the United Nations Human Rights Council (UNHRC). About Reason for Suspension: For “systemic violations” by Russians troops in Ukraine. It came as a global response to the alleged war crimes by Russian forces in Bucha, a town […]
In Context India recently criticised the Organisation of Islamic Cooperation’s (OIC) decision to invite Hurriyat leader Mirwaiz Omar Farooq to a meeting being held in Pakistan. India has consistently underlined that J&K is an integral part of India and is a matter strictly internal to India. Organisation of Islamic Cooperation (OIC) About: The Organisation of […]
In News Recently, the 10th edition of the World Happiness Report 2022 was released by the United Nations Sustainable Development Solutions Network. World Happiness Report Published ever since 2012 by the United Nations Sustainable Development Solutions Network. The World Happiness Report is based on two key ideas: Happiness or life evaluation measured through opinion surveys, […]
In News An increasing number of women are joining Indian armed forces amidst long-standing calls to boost their presence in global missions. Peacekeeping Unit of Women For the first time in the history of UN peacekeeping, India sent an all-female Formed Police Unit (FPU) to be deployed in Liberia in 2007 after a civil war […]
In Context The United Nations considers humanitarian corridors to be one of several possible forms of a temporary pause of armed conflict. Why are they needed ? Humanitarian corridors arise when a population is caught in a war zone, particularly when a city or town is under siege. In cases where a humanitarian catastrophe unfolds […]
In News Recently, India and the United Kingdom concluded the first round of discussion for the ambitious Free Trade Agreement (FTA). About The discussion was conducted over two weeks and included 32 sessions that dealt with 26 policy areas, The discussion spanned over the topics: Customs and trade facilitation, sanitary and phytosanitary measures, technical barriers […]
In Context The Economic Survey 2021-22 has called for a standardised framework for Cross-Border insolvency as the Insolvency & Bankruptcy Code (IBC). Need The IBC currently does not allow for automatic recognition of any insolvency proceedings in other countries. The present provisions lead to uncertainty of outcomes of claims for creditors, debtors and other stakeholders […]
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