Economy
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BRICS Summit 2021: Check Challenges, Disputes & COVID Triggered Opportunities
India is the host of BRICS Summit 2021. Know about the issues with BRICS nations, the challenges faced by various economies, the disputes and opportunities brought by COVID 19.
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What are the Functions & Objectives of the World Bank?
World Bank Objectives and Functions: WB is an international financial institution. Its major job is to give loans and grants to low and middle-income countries to support their economies. Check all details below.
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All about China's Polar Silk Road in the Arctic Ocean: Significance, Prospects and Challenges
China has taken a step forward with its plans for building a Polar Silk Road in the Arctic Ocean connecting Pacific and Atlantic Oceans. Know all about the route, its significance and prospects below.
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List Of International Organisations India is a Member Country
Check the list of all the International Organizations India is a part of whether as a founding member or an active member.
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List of International Organizations and their Headquarters in the Area of Economics, Social & Politics
International Organizations is an important examination topic for the candidates preparing for UPSC, SSC, RRB, Bank PO/Clerk or any other government and competitive examinations. In this article, we have provided a list of International Organizations.
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What is Pardon Bribery Scheme? Know the details here
Know what is Presidential Pardon Bribery Scam in USA that has been in the talks recently, the clemency powers and limitations of the US President and the pardon power of the Indian President here.
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Giant Metrewave Radio Telescope (GMRT): India’s 3rd facility to bag IEEE Milestone status
Giant Metrewave Radio Telescope (GMRT) has become the third scientific facility from India to receive the Institute of Electrical and Electronics Engineers (IEEE) milestone. Know all the details of GMRT, IEEE, its significance and details here
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Is India in the position to boycott Chinese products?
India’s trade with China was $87.07 billion in 2018-19. In this duration, Indian import from China was US$70.32 in 2018-19 while Indian export to China was just US$ 16.75. It means India’s trade deficit with China was $53.57 billion in 2018-19. India sends 8% of its total exports to China whereas China sends only 2% of its total exports to India.
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What is Trade Related Aspects of Intellectual Property Rights (TRIPS)?
Trade-Related Aspects of Intellectual Property Rights (TRIPS) covers most forms of intellectual property including copyright, patents, geographical indications, trademarks, industrial designs, trade secrets, and exclusionary rights over new plant varieties. TRIPS came into force on 1 January 1995.
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How does IMF give loan to its Members?
The International Monetary Fund (IMF) was established in July 1944 in the Conference of 44 countries held in Bretton Woods, New Hampshire, USA. India is the founding member of the IMF. Recently, the IMF has granted US$ 1.4 billion aid to Pakistan to fight COVID-19.
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G-20 Summits: List of Summits and Members
List of G-20 Summits and Members: There are 20 members of the G-20 including India. The last annual meeting of the G20 was held in Japan's city Osaka in June 2019 and the next meeting will take place in Riyadh(Saudi Arabia) between 21–22 November 2020.
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Financial Action Task Force (FATF): Meaning and Objectives
The Financial Action Task Force (FATF) prohibits the cases of terror financing, money laundering and human trafficking throughout the world.
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Why are Member countries leaving OPEC?
Organisation of the Petroleum Exporting Countries (OPEC) was established in September 1960 at the Baghdad conference. There are 14 OPEC member countries accounted for 29.3% of the world's total crude oil production in September 2019. According to OPEC's website, these 14 OPEC members had 80% of the world's total crude oil reserves. Venezuela has 25% and Saudi Arabia has 22.4% of the total reserves.
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G-7 and G-20 Organisations: Functions and Members
G-7 refers to the group of 7 highly industrialized nations—France, Germany, Italy, the United Kingdom, Japan, the United States and Canada. These countries hold an annual meeting to foster consensus on global issues like economic growth and crisis management, global security, energy, and terrorism.
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International Monetary Fund (IMF): Objectives & Obligations
The International Monetary Fund (IMF) is the inter-governmental organisation established to stabilize the exchange rate in the international trade. It helps the member countries to improve their Balance of Payment (BOP) condition thorough the adequate liquidity in the international market, promote the growth of global monetary cooperation, secure financial stability, facilitate international trade. It is one of the Bretton woods twins, which came into existence in 1945, is governed by and accountable to the 189 countries that make up its near-global membership.
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