UK MPs to vote on PM May’s Brexit deal

Only two weeks are left for the United Kingdom to leave the European Union in a formal manner. British Parliament is all set for MPs to cast a meaningful vote for the second time after the British PM Theresa May ..

OECD Growth Forecasts 2019

The Organisation for Economic Co-operation and Development (OECD) has reduced the world economic growth forecasts for the year 2019. Economic Forecasts of OECD The report notes that trade tensions and political uncertainty, including Brexit and erosion of business and consumer ..

Month: Current Affairs - March, 2019

Know About Brexit

The IMF Chief Christine Lagarde has warned that the British exit from the European Union (EU) or Brexit will ruin the country’s economy. She said this at the World Government Summit in Dubai on 10th February, 2019. What is Brexit? ..

World Economic Situation and Prospects 2019: Key Facts

The United Nations report World Economic Situation and Prospects 2019 has been released. The important findings of the report are: The report estimates that Global growth is expected to remain steady at 3% in 2019 and 2020, after an expansion ..

Month: Current Affairs - January, 2019

U.K. lawmakers reject Brexit deal

The British Parliament has rejected the Brexit deal proposed by the Prime Minister Theresa May. The British House of Commons voted 432 -202 against the deal struck between Britain’s government and the EU in November. Backstop provisions The conservative objectors who were ..

Month: Current Affairs - January, 2019

Mumbai to host Asian Bankers Association summit

The 34th annual conference of the Asian Bankers Association (ABA) will be held in Mumbai, Maharashtra from November 16-17, 2017. The 2017 summit will be hosted by State Bank with theme ‘Asia’s turn to transform’. This year, summit will discuss ..

Brexit word added in Oxford English Dictionary    

The Oxford English Dictionary (OED) has officially added word ‘Brexit’ in it. It is among 1,500 new words added to the OED. The OED has defined word ‘Brexit’ as “the (proposed) withdrawal of the United Kingdom from the European Union, ..

Month: Current Affairs - December, 2016

‘Brexit’ added to Oxford English Dictionary

The word ‘Brexit’ has been added to the Oxford English Dictionary. It was one among the 1,500 new words added to the Oxford English Dictionary this week. The dictionary has defined Brexit as: “The (proposed) withdrawal of the United Kingdom from ..

Brexit: IMF warns of repercussions for global economy

The International Monetary Fund (IMF) has warned that United Kingdom’s decision to leave the European Union (EU) has created significant uncertainty. The uncertainty is likely to dampen growth in the near term, particularly in the UK, but with repercussions for ..

Month: Current Affairs - July, 2016

United Kingdom in historic referendum votes to exit European Union

People of United Kingdom (UK) in a historic Brexit referendum have voted in favour of leaving European Union (EU). In the Brexit referendum, the ‘Leave’ side won decisively by securing 51.9% of the total votes overturning ‘Remain’ side which secured ..

Month: Current Affairs - June, 2016