International Organizations, Defence, Books & Authors, World History

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National Sports Day is celebrated on August 29 in India. This day marks the birthday of hockey legend Major Dhyan Chand, regarded as one of the greatest field hockey players of all time. National Sports Day aims to raise awareness on the importance of sports and physical fitness.

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World Bank is one of five institutions created at Breton Woods Conference in 1944. It is part of the United Nations system, but its governance structure is different. Its headquarter are situated at Washington DC, US. World Bank provides loans to developing countries for capital programmes.
 It comprises only two institutions viz. International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). In contrast World Bank Group comprises three more viz. International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID)

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In the United States, Patriot Day occurs on September 11 of each year, designated in memory of September 11, 2001, attacks.

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11 November every year is observed as National Education Day in India

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The Indian government has designated the Third Week of December every year to observe India Corporate Week. This initiative aims to promote corporate governance, encourage entrepreneurship, and highlight the contributions of the corporate sector to the economy. The week serves as a platform for discussions on business practices and policies, fostering a better understanding of corporate responsibilities.

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The first Secretary-General of the Non-Aligned Movement (NAM) was Josip Broz Tito, the leader of Yugoslavia. The NAM was established in 1961 during the Cold War to promote cooperation among countries that did not want to align with either the Western or Eastern blocs. Tito played a crucial role in its formation, alongside leaders like Jawaharlal Nehru and Gamal Abdul Nasser. The movement aimed to provide a platform for countries seeking independence from colonialism and to advocate for peace and mutual respect among nations.

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World Forestry Day, also known as the International Day of Forests, is observed on March 21st every year. It was established by the United Nations General Assembly in 2012 to raise awareness about the importance of forests and trees and to promote sustainable forest management. The day provides an opportunity to highlight the significance of forests in supporting biodiversity, combating climate change, providing livelihoods, and contributing to sustainable development. Various activities and events are organized worldwide to celebrate World Forestry Day and promote the conservation and sustainable use of forests.

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World Consumer Rights Day is observed on March 15th every year. This day is dedicated to promoting and raising awareness about consumer rights and responsibilities around the world. It provides an opportunity to highlight the importance of consumer protection, fair business practices, and the need for consumer advocacy.

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The 40+9 Recommendations are related to the Financial Action Task Force (FATF). The FATF is an intergovernmental body that sets international standards to prevent money laundering and terrorist financing. The 40+9 Recommendations are the international standards for combating these illegal activities.
The FATF first issued its Forty Recommendations in 1990. In 2004, the FATF published the Ninth Special Recommendations (SR). These recommendations further strengthened the international standards. In February 2012, the FATF revised the 40 and IX Recommendations. The revised recommendations integrated the SR on terrorist financing with measures against money laundering. The revised recommendations covered issues such as the financing of weapons of mass destruction.
The FATF Recommendations are not binding in the way a law or contract would be.

Notes:
Kudankulam Nuclear Power Plant (KNPP) is a joint venture between India and Russia. The plant is located in the coastal state of Tamil Nadu. Construction began in March 2002.
The reactors were built by India’s Nuclear Power Corporation of India Ltd and Russia’s Atomstroyexport company, a subsidiary of Rosatom. The reactors are based on Russian technology and are pressurised water reactors (PWR).
The plant has two 1,000 megawatt (MW) PWR units. An additional four units are under construction.
Russia is supplying all the enriched fuel for the plant. India will reprocess the fuel and keep the plutonium for civil use.