Ukraine Current Affairs, GK & News

World Bank’s Migration and Development Brief- Update

The World Bank released its latest Migration and Development Brief. What are the highlights of the report? The Russia- Ukraine war will slow the growth of remittance flows to low- and middle-income countries (LMICs) to 4.2% in 2022 from 8.6% in 2021. It is estimated that remittances to LMICs, this year, will reach $630 billion. ..

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Ban of Wheat Exports

On 14th May 2022, India banned wheat exports with some exceptions. This announcement came days after the central government had announced that this year record shipments of wheat are being targeted. this year. Why was this decision taken? This decision was taken by the government as scorching heatwaves in the country’s northern parts have curtailed ..

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Russia’s Victory Day

May 9 is celebrated as “Victory Day” in Russia. Why Victory day is celebrated? To commemorate the Soviet Union’s role in defeating Nazi Germany in World War II. It was first celebrated in 1965 under Soviet leader Leonid Brezhnev. It was occasionally marked in the Soviet era and revived by President Boris Yeltsin for the ..

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Semicon India Conference-2022

Recently, Prime Minister Narendra Modi inaugurated the three-day Semicon India 2022 conference, which was held in Bengaluru, Karnataka. Who organized the conference? It was organized by India Semiconductor Mission in partnership with industry associations. What is the theme? The theme is catalyzing India’s Semiconductor Ecosystem. What is the aim of the conference? To make India ..

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World Bank’s Global Growth Forecast

The World Bank has reduced the global growth forecast for 2022 from 4.1 percent to 3.2 percent. The growth forecast has been reduced due to the impacts of the Russian invasion of Ukraine. Overview: The World Bank has proposed a new 15-month crisis financing target of USD 170 billion, out of which USD 50 billion ..

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