Russia’s central bank increases interest rates

The Central Bank of Russia has increased the interest rate from 4.5% to 5%. Why did the Bank increase the interest rates? This is the second time the apex bank is increasing the interest rates due to elevated inflation pressure. ..

Month: Current Affairs - April, 2021

US announces Sanctions on Myanmar’s Military Leaders

The President of United States, Joe Biden, announced sanctions on the military leaders in Myanmar on February 10, 2021. Key facts The sanctions were put by the Biden’s administration in order to prevent the Myanmar’s generals from accessing the $1 ..

Month: Current Affairs - February, 2021

What are CAATSA Sanctions?

The United States recently imposed sanctions on Turkey under section 231 of the Countering America’s Adversaries Through Sanctions Act, CAATSA. The sanctions were imposed for buying Russian made S400 anti-Missile system. What is in it for India? The United States ..

Month: Current Affairs - December, 2020

First Shipment of Afghan Goods via Chabahar to China Sent by Iran-India

Iran and India have shipped the first-ever shipment of transit goods to China via Chabahar Port. It comes on the backdrop of the US sanctions on Iran and the balance that Iran is trying to maintain between the rival of ..

Month: Current Affairs - July, 2020

US army kills Iranian Commander Soleimani: India’s Concerns

On January 3, 2020, the US army killed Iran’s most powerful military commander General Qasem Soleimani. He was killed at Baghdad airport. Highlights In a drone strike held by the US force at Baghdad airport, the Iranian Commander was killed ..

Month: Current Affairs - January, 2020

Indian Navy to build 24 submarines; 6–nuclear powered

On December 29, 2019, the parliamentary panel announced that Indian Navy has planned to build 24 submarines, out of which six will be nuclear powered. This is being done in order to strengthen the underwater fleet of Indian navy. Submarines ..