Oil minister Puri urges OPEC to reduce oil prices Subject: IR Section: Groupings In News: Oil minister Puri urges OPEC to be pragmatic, make global crude prices affordable. Key Points: Brent Crude oil prices have jumped from around $72 in June to around $97 per barrel in September 2023 Oil Minister Hardeep Puri […]
News-Jewar Airport, Noida get DXN code Subject: IR Section: International Organisation What is an IATA code? The need for unique identifiers for locations arose among pilots in the 1930s. While this started as a two-letter practice for airports, the restricted number of possible options soon resulted in a three-letter practice for identifying airports […]
Need for creation of Global dispute settlement Subject :IR Section: International Body Context: Recently concluded G-20 declaration reiterated need to reform WTO to improve its functioning along with establishing fully functioning dispute settlement system accessible to all members by 2024. More details WTO’s dispute settlement system, conceived as two-tier panel cum appellate body […]
Kazan Meet Subject: IR Section: Places in news Context: Kazan meet makes no headway on equal rights in Afghanistan. More about the news: India participated in the Moscow Format meeting on Afghanistan in the Russian city of Kazan, and was represented by the Ambassador to Russia, Pavan Kapoor, as the special envoy India […]
What is Five Eyes intelligence alliance? Subject :IR Section: Groupings The ‘Five Eyes’ is a multilateral intelligence-sharing network shared by over 20 different agencies of five English-speaking countries — Australia, Canada, New Zealand, the United Kingdom and the United States. It is both surveillance-based and signals intelligence (SIGINT). Intelligence documents shared between the […]
World Bank’s lending capacity could get a $100b boost from new pledges Subject :IR Section: International Organisation Key Points: World Bank Group President Ajay Banga proposed new contributions from wealthy countries combined with balance sheet changes could boost the bank’s lending capacity by $100 billion to $125 billion over a decade the contributions […]
Ukraine offensive Subject :IR Section: Places in news Context: Ukraine launched a counter offensive against the invading Russian troops.
International Coffee Organization (ICO) and World Coffee Conference (WCC) Subject : IR Section: International organisation Context: Mr. Goyal was speaking at the opening session of 5th World Coffee Conference (WCC) held for the first time in Asia in Bengaluru on Monday. Details: The four-day global coffee exposition, being organised by London-based International Coffee […]