Page-2 of Economic Crisis
Public Emergency in Sri Lanka
Sri Lanka’s president Gotabaya Rajapaksa has declared a state of emergency in the country which gives sweeping powers to the country’s security forces. This was declared after hundreds of citizens of the county tried to storm his house seething with ..
Month: Current Affairs - April, 2022
Category: International / World Current Affairs
IMF approves $650 billion for poor countries to tackle Covid
Member nations of the International Monetary Fund have approved the injection of $650 billion to help countries in dealing with mounting debt and economic fallout because of Covid-19 pandemic. Highlights These reserve assets, called as special drawing rights, have been ..
Month: Current Affairs - August, 2021
Riots in Lebanon over economy
Lebanese troops were deployed in northern city of Tripoli on June 27, 2021 to take positions across major state institutions following a night of protests and riots against worsening living conditions in the country. Ground situation Riots have left several ..
Month: Current Affairs - June, 2021
Moody’s: India’s growth projection at 9.6 per cent for 2021
Moody’s Investors Service has reduced India’s growth forecast to 9.6 per cent for 2021 from the earlier forecast of 13.9 per cent. According to it, growth will restrict to 7 % in 2022. Highlights Growth forecast was published in its ..
Month: Current Affairs - June, 2021
NHRC advisories on Bonded Labourers & Migrant Workers
National Human Rights Commission (NHRC) has issued advisories on bonded labourers & migrant workers amid covid-19 cases. What are those advisories? Advisories were issued to ministries and states to look after adverse impact of covid-19 on labourers and migrant informal ..
Month: Current Affairs - June, 2021
IMF warns for ‘Ricochet Impact’
According to International Monetary Fund (IMF), Emerging-market nations’ struggle to move out of covid-19 pandemic-induced economic crisis can hurt developed nations. It said, crisis has “Ricochet impact” on the developed and advanced economies. Highlights IMF suggests that, developed nations should ..
Month: Current Affairs - May, 2021
GNAFC’s Global report on food crises
The Global Network Against Food Crises (GNAFC) recently released the “2021 Global Report on Food Crises”. The GNAFC is an international alliance formed by the European Union, United Nations and other governmental and non-governmental agencies. The report says that economic ..
Month: Current Affairs - May, 2021
IIF Report: World’s debt to increase in 2021
The Institute of International Finance (IIF) has reported that, the world has never been more indebted before and the debt will further rise in the year 2021 with more borrowing ahead amid the covid-19 led economic crisis. Key Findings of ..