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 […]