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[AspirantWorld Explained] GoI brings all cooperative banks under supervision of RBI
• The Union Cabinet on Wednesday decided to bring all co-operative banks under the Reserve Bank of India through an ordinance. and a Rs 1,542-crore interest subvention scheme in micro loans. • This was announced by Union information and broadcasting…
Sonal
[AspirantWorld Explained] International Energy Agency launched special report on Sustainable recovery
• The International Energy Agency (IEA) published a new plan for governments worldwide that outlines policies and investments for making energy systems cleaner and more resilient. • The plan will focus on a series of actions that can be taken…
[AspirantWorld Explained] Moody's forecasts India's GDP to shrink 3.1% in 2020
• Moody's Investors Service has released its June update to Global Macro Outlook (2020-21). • In its latest release, the rating agency projected the Indian economy to shrink 3.1% in the fiscal year 2020, citing the extent of coronavirus-related disruption.…
[AspirantWorld Explained] Pakistan to continue in FATF's Grey List
• The global terror financing watchdog FATF on Wednesday decided to keep Pakistan in the "Grey List" as it has failed to check flow of money to terror groups like the Lashkar-e-Taiba (LeT) and the Jaish-e-Mohammed (JeM) . • The…
[AspirantWorld Explained] World's longest internet blackout enters 2nd year in Myanmar
• The Myanmar government shut down mobile data in several townships across Rakhine state and neighboring Chin state on June 21 last year. • The internet shutdown in Myanmar's conflict-ridden northwest, described by rights groups as the world's longest, entered…
[AspirantWorld Explained] Tensions rises between India and China
• The Indian and Chinese foreign ministers have exchanged strong protests over the recent Himalayan clashes which led to the death of 20 Indian troops. • Prime Minister Narendra Modi has promised that the sacrifice of Indian soldiers will not…
[AspirantWorld Explained] Mumbai launches IFLOWS
• Mumbai is among those cities in India which gets badly hit by flood every year during monsoon. • The financial capital of India, has been experiencing floods with increased periodicity. The recent flood on 29 August 2017 had brought…
[AspirantWorld Explained] Indias Forex Reserve rises to cross half-a-trillion mark for the first time
• India's foreign-exchange reserves are at a record and approaching the $500 billion mark, • India's foreign exchange reserves crossed the half-a-trillion mark for the first time after it surged by a massive USD 8.22 billion in the week ended…
[AspirantWorld Explained] UN found North and South Korea in violation of armistice agreement at border
• The UN Command, led by the United States, found that North and South Korea were both guilty of violating armistice agreements following a recent incident involving gunfire along the Demilitarised Zone between the two countries. • This shooting, the…
[AspirantWorld Explained] Global Economy to shrink 5.2% worst recession since WWI: World Bank
• As per the latest report by the World Bank, the global economy, which has plunged into a severe contraction, will shrink by 5.2 per cent this year due to the massive shock of the coronavirus pandemic and the shutdown…
[AspirantWorld Explained] Environmental Performance Index 2020
• 12th edition of Environmental Performance Index (EPI Index) was released on 4th June 2020. • It is a biennial report released twice a year by Yale University and Columbia University in collaboration with the Economic Forum and the European…
[AspirantWorld Explained] DGCA rolls out new rules for Unmanned Aircraft System
• Due to Covid-19 Lockdown, the use of Unmanned Aircraft System (UAS) commonly known as "Drone" has increased to facilitate work like, disinfection, videography, surveillance and home delivery. • While keeping in note all these activities, the Ministry of Civil…
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