EU bans Russian oil

The Russia-Ukraine crisis intensified as Ukrainians wanted their government to join European Union. Though the issue revolved around the Crimean peninsula and its annexation by Russia, the issue exploded with Ukraine’s plan to join the EU. When Russia invaded Ukraine ..

Month: Current Affairs - February, 2023

Category: International / World Current Affairs

World Bank’s GDP projection for India

The World Bank had recently downgraded India’s real GDP growth forecast for the Financial Year 2023 (2022-23). Key facts In its latest South Asia Economic Focus Update, the World Bank had slashed India’s real GDP growth forecast from the earlier ..

Month: Current Affairs - October, 2022

Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs

Russia annexes 4 regions in Ukraine

Russian President Vladimir Putin presided over a ceremony to formally annex four Ukrainian regions. Key facts Eight years following the Russian annexation of Crimea, Moscow has captured four more Ukrainian territories – Donetsk, Luhansk, Zaporizhzhia and Kherson regions. Earlier, Russia ..

Month: Current Affairs - October, 2022

Category: International / World Current Affairs

Russia: Use of ‘Butterfly Mines’

Recently, UK Ministry of Defence cautioned about the possible use of PFM-1 series ‘Butterfly Mines’ by Russian military in ongoing war in Ukraine. Russia is expected to deploy anti-personnel mines to discourage freedom of movement across its defensive lines in ..

Month: Current Affairs - August, 2022

Category: International / World Current Affairs

RBI Annual Report 2021-22: Highlights

In its annual report that has been released by the Reserve Bank of India (RBI), the central bank has highlighted that the Indian economy will most likely bounce back despite the present global risks. What are the various key highlights ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Asian Development Outlook (ADO) 2022

India’s GDP growth has been forecasted by the Asian Development Bank (ADB) to 7.5 per cent in 2022-23 from 2021-22’s estimated 8.9 per cent. The report has also suggested that the growth will pick up and reach 8 per cent ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

Airspace Curbs on Russia

Recently, jurisdictions have started blockading their airspace to aircraft operated or registered by Russia, in the aftermath of Russia’s invasion of Ukraine. Key Points Use of airspace has become a crucial tool by countries to affirm their take in geopolitical ..

Month: Current Affairs - March, 2022

Category: International / World Current Affairs

SWIFT Ban on Russia

The United States and the European Union (EU) have decided to cut off a number of Russian banks from SWIFT, the main international payment system. Russia’s central bank assets will also be frozen, which will limit Moscow’s ability to access ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • International / World Current Affairs

Operation Ganga

On February 27, 2022, the ministry of external affairs set up 24×7 control centres in order to assist the evacuation of Indian nationals from Ukraine. India also launched a multi-prong evacuation plan titled ‘Operation Ganga’. Highlights Indian nationals will be evacuated through ..

Month: Current Affairs - February, 2022

Category: International / World Current Affairs

Chernobyl Plant

On February 24, Russian troops launched a full-scale invasion in Ukraine and targeted its bases and cities with airstrikes and shelling. Highlights The Russian army captured airfield near capital of Ukraine, Kyiv. It also took control of the Chernobyl nuclear ..

Month: Current Affairs - February, 2022

Category: International / World Current Affairs