What is V-Shaped Recovery?

A V-shaped recovery is a type of economic recession and recovery that resembles the shape of alphabet V in charting. A V-shaped recovery involves a sharp revival of the economy to the previous peak after a sharp decline. The Finance Ministry’s latest Monthly Economic Review report stated that the Indian Economy is witnessing a V-shaped ..

Month: Current Affairs - December, 2020

Category: Economy & Banking Current Affairs

Topics: COVID-19 • Economic growth • Economic slow down • Economic stagnation • Recovery Rate • Reserve Bank of India (RBI)

India in WTO Fisheries Negotiation

India recently submitted its proposal at the on-going negotiations at the World Trade Organization (WTO) on preventing harmful fisheries subsidies. The negotiations are being done as according to WTO the harmful fisheries subsidies are estimated to be at 14 billion USD to 20.5 billion USD. What are the proposals placed by India? Under its proposal ..

Month: Current Affairs - December, 2020

Category: Economy & Banking Current Affairs • International Current Affairs

Topics: Fisheries • fisheries sector • India-WTO • Sustainable Development Goal • World Trade Organisation (WTO) • WTO

India-USA MoU on Intellectual Property cooperation

India and the United States recently signed the Memorandum of Understanding on Intellectual Property Cooperation. The agreement was signed between the Department for Promotion of Industry and Internal Trade (DPIIT) and United States Patent and Trademark Office (USPTO). The agreement will increase the Intellectual Property Cooperation between the countries. The agreement was signed after ten ..

Month: Current Affairs - December, 2020

Category: International Current Affairs

Topics: DPIIT • India-Denmark • India-US • India-US Dialogue on Intellectual Property • Intellectual Property • Memorandum of Understanding (MoU)

New classification of Cannabis by UN Commission on Narcotic Drugs (CND)

The United Nations Commission on Narcotic Drugs recently removed Cannabis from Schedule IV category of the 1961 Single convention on Narcotics (1). This was done to recognise the medicinal values of the plant. Though cannabis has been removed from Schedule IV, the non-medicinal Cannabis is still under Schedule I. About Cannabis plant Around 50 countries ..

Month: Current Affairs - December, 2020

Category: International Current Affairs

Topics: Cannabis • Cannabis Act • Effects of cannabis • Legality of cannabis • Medical cannabis • Narcotic Drugs • Single Convention on Narcotic Drugs of 1961 • United Nations Office of Drugs and Crime • UNODC

Oman-India Friendship Association- Key Facts

Oman recently announced to establish Friendship association with India. This will the first of such initiative in West Asia. It was announced during a bilateral discussion held between the foreign ministers of the country. The bilateral discussion was held virtually on the backdrop of recent trip by the External Affairs Minister of India Shri S ..

Month: Current Affairs - December, 2020

Category: International Current Affairs

Topics: Bilateral dialogue • Gulf of Oman • India-Oman • Indo-Pacific • Oman