developing countries
India, Bosnia and Herzegovina Hold 4th Foreign Office Consultations
India and Bosnia and Herzegovina recently conducted their fourth Foreign Office Consultations in Sarajevo. It was led by Arun Kumar Sahu from India and Tarik Bukvic from Bosnia and Herzegovina. Participants and Leadership The Indian delegation was headed by Arun ..
Month: Current Affairs - November, 2024
Category: International / World Current Affairs
Global Matchmaking Platform Launches at COP29
The Global Matchmaking Platform (GMP) was launched during Energy Day at COP29, which is a collaboration between the United Nations Industrial Development Organization (UNIDO) and the Climate Club. It aims to address emissions from high-polluting industries. An important funding gap ..
Month: Current Affairs - November, 2024
Category: Environment Current Affairs
ADB to Boost Climate Lending by $7.2 Billion with First-Ever U.S., Japan Guarantees
The Asian Development Bank (ADB) is set to increase its climate-related lending. This follows an agreement between the United States and Japan to underwrite risks for existing loans. This initiative marks the first instance of sovereign guarantees for climate finance. ..
Month: Current Affairs - November, 2024
Category: Environment Current Affairs
IMF: India’s Inflation will fall to 5% in 2023, 4% in 2024
The International Monetary Forum recently released the World Economic Outlook. According to the report, the Inflation in India is to reduce to 6.8% in March 2023. Further by the end of 2023, the inflation will reduce to 5%. In 2024, ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
PM Modi to attend 12th BRICS Summit
On November 17, 2020, Prime Minister Narendra Modi is to attend the 12th BRICS summit that is to be hosted by Russia. The summit is to be held under the theme “Global Stability, Shared Security and Innovative Growth”. The BRICS ..
Month: Current Affairs - November, 2020
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, ..
Month: Current Affairs - June, 2020
Global Economic Prospects Report, 2020 by World Bank
The World Bank recently launched the Global Economic Prospects Report, 2020. The report highlighted the impact of COVID-19 on countries. Key findings of the report The report says that the Emerging Market and the Developing Economies are highly vulnerable. They ..
Month: Current Affairs - June, 2020
India to attend NAM Summit
On May 4, 2020, PM Modi will attend the NAM Summit representing India through a video conference. The Summit is to discuss COVID-19 challenges and solutions. Highlights This is the first NAM Summit being attended by the Mr Modi since ..
Month: Current Affairs - May, 2020
India attends Development Committee Meeting of IMF-World Bank
On April 17, 2020, India attended the Development Committee meeting of World Bank-International Monetary Fund. India was represented by the Finance Minister Smt Nirmala Sitaraman. Highlights India participated in the 101st meeting of the development committee that was held through ..
Month: Current Affairs - April, 2020
US stops WHO funding
On April 15, 2020, the United States stopped its funding towards World Health Organization (WHO). The United States provides 400-500 million USD to the organization annually. Highlights The American President Donald Trump was threatening the world organization that the United ..