Go First planes : how leased aircraft tare repossessed Subject : International Organization Section: International Conventions Concept : The Go First has moved the National Company Law Tribunal, seeking voluntary insolvency resolution proceedings. Indian airline Go First’s effort to start insolvency proceedings has become ensnared in a tussle with aircraft lessors after they […]
WTO and e-com Subject :International Organisation India seeks comments from WTO members on consumer protection in e-commerce such as countering fakes and counterfeits, data protection, management of returns and dispute resolution, and the role the WTO can play in the area. Concept: WTO and e-com: When e-commerce was still at a nascent stage, […]
Global leaders pledge $2.5 billion for polio eradication at World Health Summit: Subject: International Organisation Context: Recently, Global leaders at the World Health summit have committed to donating $2.54 billion to eradicating polio. Bill & Melinda Gates Foundation pledged $1.2 billion to the largest international public health initiative, Global Polio Eradication Initiative (GPEI) […]
7.3% Of Indians Owned Digital Currency In 2021, 7th Highest In World, Says UN Subject : International Organization Section: International body According to the UN trade and development organization UNCTAD, in 2021, 15 of the top 20 economies in terms of the percentage of the population that owns cryptocurrencies were developing countries. The […]
IFC lends $250 million to HDFC Ltd to boost green housing finance Subject: International Organisation Context: Housing Development Finance Corporation Ltd (HDFC) and IFC have partnered to promote affordable green housing finance for low-income borrowers. Concept: Green housing is largely regarded as a luxury market in the country, but given its climate benefits, […]
Subject : International Organisation Context : The Asian Development Bank (ADB) upgraded its forecast for the Indian economy, projecting 8% contraction in 2020-21 as compared to 9% estimated earlier, on the back of a faster-than-expected recovery. It retained its growth projection for the next fiscal at 8%. Concept : Observing that the economy had begun […]
Subject: International Organisation Context: Three new technologies including ‘5Gi’ submitted by the Telecommunications Standards Development Society India (TSDSI) have completed “successful evaluation” and conform with rigorous performance requirement, according to International Telecommunication Union (ITU) statement. Concept: The technologies are — 3GPP 5G-SRIT and 3GPP 5G-RIT submitted by the Third Generation Partnership Project (3GPP), and 5Gi […]
Subject: International Organization Context: The Asian Development Bank has approved a $300 million policy-based loan to Pakistan to help promote macroeconomic stability in the cash-strapped country. Concept: ADB is a regional development bank established on 19th December 1966. ADB now has 68 members, 49 from within Asia. ADB’s five largest shareholders are Japan and the […]
United Nations 2020 marks the 75th Anniversary of the founding of the United Nations. How has the UN fared over the last seven decades? Introduction The United Nations (UN) is an international organization founded in 1945. It is currently made up of 193 Member States. Its mission and work guided by the purposes […]