Russia-Ukraine conflict Current Affairs, GK & News

RBI Annual Report 2021-22: Highlights

In its annual report that has been released by the Reserve Bank of India (RBI), the central bank has highlighted that the Indian economy will most likely bounce back despite the present global risks. What are the various key highlights of this report? Fake currency: In 2020-21, counterfeit notes saw a decline but in 2021-22 ..

Month: 

Category: 

Topics: 

Asian Development Outlook (ADO) 2022

India’s GDP growth has been forecasted by the Asian Development Bank (ADB) to 7.5 per cent in 2022-23 from 2021-22’s estimated 8.9 per cent. The report has also suggested that the growth will pick up and reach 8 per cent in 2023-2024. Overview: The Russia-Ukraine conflict’s implications have been factored in by the ADB for ..

Month: 

Category: 

Topics: 

Airspace Curbs on Russia

Recently, jurisdictions have started blockading their airspace to aircraft operated or registered by Russia, in the aftermath of Russia’s invasion of Ukraine. Key Points Use of airspace has become a crucial tool by countries to affirm their take in geopolitical conflicts. In 2019, Pakistan closed its airspace to India, following Balakot air strikes. In 2021, ..

Month: 

Category: 

Topics: 

SWIFT Ban on Russia

The United States and the European Union (EU) have decided to cut off a number of Russian banks from SWIFT, the main international payment system. Russia’s central bank assets will also be frozen, which will limit Moscow’s ability to access its foreign reserves. Overview: This move’s intention is to further isolate Russia from the international ..

Month: 

Category: 

Topics: 

Operation Ganga

On February 27, 2022, the ministry of external affairs set up 24×7 control centres in order to assist the evacuation of Indian nationals from Ukraine. India also launched a multi-prong evacuation plan titled ‘Operation Ganga’. Highlights Indian nationals will be evacuated through border crossing points with Poland, Hungary, Romania, and Slovak Republic. Ministry has activated a dedicated ..

Month: 

Category: 

Topics: