G20 Video Summit on Corona Virus

The Saudi Arabian King Salman is to chair the G20 summit on Corona Virus through a video conference. The Summit is to be held on March 26, 2020. The summit becomes significant as several international organizations are to participate in ..

Month: Current Affairs - March, 2020

IMF: Recession due to COVID-19 to be worse than 2009

On March 24, 2020, the International Monetary Fund announced that the recession to be caused due to Corona Virus is to be worse than the 2009. IMF has specifically warned the G20 nations that the current economic outlook is towards ..

Month: Current Affairs - March, 2020

Guyana Elections

The results of Guyana’s elections- the first after the recent discovery of massive oil reserves- is being watched by the international community. Guyana Guyana is a small English speaking country in the northern part of South America. It was a ..

Iran seeks Financial Help from IMF first time since 1962 to fight against Corona Virus

For the first time since 1962, Iran is seeking the help of International Monetary Fund. Since Islamic Revolution Iran stopped getting help from IMF. IMF and Corona Virus Earlier, this month, IMF allocated emergency funds to middle income countries. The ..

Month: Current Affairs - March, 2020

Teams set up by Health Ministry to monitor Corona Virus in villages at Nepal Border

The Ministry of Health has constituted teams to examine for Corona Virus in villages that are bordering Nepal. The spread of Corona Virus is increasing with number of people infected in China touching 70,000 as of February 17, 2020. Highlights ..

Month: Current Affairs - February, 2020

India’s Foreign Exchange touches all time high of 457.468 billion USD

RBI announced that Foreign Exchange Reserves of India has swelled by 2.52 billion USD in the week that ended on December 27, 2019. The Central Bank also said that the country’s special drawing rights with the IMF (International Monetary Fund) ..

Month: Current Affairs - January, 2020

Finance Minister announces 102 lakh crore rupees project

On December 31, 2019, Finance Minister Nirmala Sitaraman announced 102 lakh crore worth projects to be implemented in next 5 years. During the announcement, she also released the report of Task Force on National Infrastructure Pipeline for 2019-2025. Highlights The ..

Month: Current Affairs - January, 2020

PM Modi attends centenary celebrations of ASSOCHAM

On December 20, 2019, PM Modi addressed the Associated Chambers of Commerce and Industry in New Delhi. The event was organized to commemorate 100 years of ASSOCHAM. The event was organized under the theme Theme: New India Aspiring for 5 ..

Month: Current Affairs - December, 2019

IMF: World Economic Outlook, 2019

The World Economic Outlook is a biennial report that is released in April and October. According the report released recently on October 15, 2019, the global economy is at its slowest pace of growth at 3%. This is a serious ..

Month: Current Affairs - October, 2019

Slowdown effects more pronounced in India: IMF

The new International Monetary Fund (IMF) chief Kristalina Georgieva warned that the global economy is witnessing ‘synchronised slowdown’ which will result in slower growth for 90% of the world this year. The largest emerging market economies like India are experiencing ..