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World Bank-IMF launch Climate Change platform for poor countries
The World Bank and International Monetary Fund have launched a platform to advise the poor countries on funding for conservation and climate activities. Both the financial organizations will use the platform to factor climate change into negotiations about reducing debt ..
Month: Current Affairs - April, 2021
Forex Reserves of India are rising
The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of 493 billion USD. What is Foreign Exchange Reserve? The Foreign Exchange Reserves ..
Month: Current Affairs - June, 2020
Portal GARUD launched by DGCA
The Directorate General of Civil Aviation (DGCA) operating under Ministry of Civil Aviation launched “GARUD” Portal. GARUD is Government Authorisation for Relief Using Drones. Highlights The GARUD portal will assist state entities to obtain exemptions from central government to operate ..
Month: Current Affairs - May, 2020
India seeks help from IMF and World Bank to fill data gaps
The Government of India has approached multilateral organizations such as World Bank and International Monetary Fund (IMF) to find out methods that will help in preparing economic indicators such as retail inflation, industrial production and economic growth. Highlights In today’s ..
Month: Current Affairs - April, 2020
Fifteenth Finance Commission to assess impacts of COVID-19
The Economic Advisory Council of the Fifteenth Finance Commission is to meet on April 23 and 24, 2020. The council is to discuss the impacts of COVID-19. Highlights A two-day meeting is to be held through video conference. The experts ..
Month: Current Affairs - April, 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 ..