China: GK, General Studies and Current Affairs

Swiss Money: India moves down to 77th rank

On June 26, 2020, the Swiss National Bank released its analysis of annual banking statistics. According to the report, India ranked low when it comes to money held by Indian individuals and organizations with the Swiss banks. Highlights The United Kingdom accounted to 27% of total foreign funds held by Swiss banks and ranked first. ..

70th Anniversary of Korean War marked by North and South Korea

On June 25, 2020, North and South Korea marked the 70th anniversary of the start of Korean war that killed millions of people. Highlights In South Korea the event was celebrated under the theme Theme: Salute to the Heroes South Korea received the remains of 150 soldiers that were repatriated from Hawaii and excavated in ..

IMF: World Economic Outlook

On June 24, 2020, the International Monetary Fund projected a sharp decline in the growth of Indian Economy. According to the IMF, the Indian economy is to contract by 4.5%. Highlights According to IMF, though India’s growth is to decline, the country will bounce back in 2021 with a growth rate of 6%. Global Projections ..

GoI: Anti-Dumping Duty imposed on steel from China, South Korea and Vietnam

The Government of India recently imposed anti-dumping duty on the steel imported from China, South Korea and Vietnam. Highlights The duty has been imposed on steel products that are imported from these countries below its associated normal value. This is causing the dumping and leads to unfair trade in India. The issue was found by ..

China sets up “National Security Agency” in Hong Kong

China is to set up a “National Security Agency” in Hong Kong. The Agency will oversee the implementation of new law that aims to crack the dissent in the city. What is the new security law? The new Security law allows Hong Kong to enjoy legislative, executive and judicial power. However, it bars its powers ..