IMF members delay quota changes, agree to maintain funding

Headline : IMF members delay quota changes, agree to maintain funding Details : In News Members of the International Monetary Fund (IMF) have agreed to maintain its funding at $1 trillion but postponed changes to its voting structure. Highlights of the deal The deal will allow an extension of non-permanent, supplementary sources of funds, such as the NewContinue reading “IMF members delay quota changes, agree to maintain funding”

Everything about World Malaria Report 2017 by WHO

The global figures • The report shows that there were 5 million more malaria cases in 2016 than in 2015. • The estimated global tally of malaria deaths reached 445,000 in 2016 compared to 446,000 the previous year. • The African Region continues to bear an estimated 90% of all malaria cases and deaths worldwide.Continue reading “Everything about World Malaria Report 2017 by WHO”

How will NSG membership help India? 

How will NSG membership help India?  Clean energy push: India is a growing country with massive energy needs. It has set for itself an ambitious goal of sourcing 40% of its power from non-fossil sources and here is where nuclear energy comes into play. India will need latest technology and NSG membership will come inContinue reading “How will NSG membership help India? “

10 ‘noble commitments’ for global transformation by PM Modi

10 Commitments and Suggestions: 1. Creating Safer World: It can be achieved by organised and coordinated action on issues like counter-terrorism, cyber security and disaster management. 2. Creating Greener World: It can be achieved by taking concerted action on countering climate change. For e.g initiatives like International Solar Alliance. 3. Creating Enabled World: It canContinue reading “10 ‘noble commitments’ for global transformation by PM Modi”

Global Entrepreneurship Summit (GES):

Global Entrepreneurship Summit (GES): It is the preeminent annual entrepreneurship gathering that convenes emerging entrepreneurs, investors and supporters from around the world. It was started by U.S. government in 2010. It serves as a vital link between governments and the private sector, and convenes global participants to showcase projects, network, exchange ideas, and champion newContinue reading “Global Entrepreneurship Summit (GES):”

About the Nuclear Non-Proliferation Treaty (NPT):

The nuclear Non-Proliferation Treaty came into force in 1970, following widespread international concern about the risk of nuclear weapons proliferation and the spiraling nuclear weapon stocks of those states that had developed them. The NPT is a multilateral treaty aimed at limiting the spread of nuclear weapons including three elements: (1) non-proliferation, (2) disarmament, andContinue reading “About the Nuclear Non-Proliferation Treaty (NPT):”

Most Favoured Nation (MFN) status

What is Most Favoured Nation’ (MFN) status?  The WTO as the trade-promoting body has certain key principles or philosophical themes for its working. One such principle is non-discrimination which is well scripted in Most Favored Nation (MFN) treatment. The MFN is a status or treatment given by one country to another in trade matters. ItContinue reading “Most Favoured Nation (MFN) status”

WTO- Trade Facilitation Agreement (TFA)

Trade Facilitation Agreement (TFA) Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. TFA is bound to change the Indian trade and would bring more transparency in trade process. after TFA ratification, the world wide best trade practices wouldContinue reading “WTO- Trade Facilitation Agreement (TFA)”

International Union for Conservation of Nature (IUCN)

The International Union for Conservation of Nature (IUCN) is a membership Union uniquely composed of both government and civil society organisations. It provides public, private and non-governmental organisations with the knowledge and tools that enable human progress, economic development and nature conservation to take place together. Created in 1948, IUCN has evolved into the world’sContinue reading “International Union for Conservation of Nature (IUCN)”

United Nations Conference on Trade and Development (UNCTAD)

The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent intergovernmental body. UNCTAD is the principal organ of the United Nations General Assembly dealing with trade, investment, and development issues.  The organization’s goals are to: “maximize the trade, investment and development opportunities of developing countries and assist them inContinue reading “United Nations Conference on Trade and Development (UNCTAD)”

United Nations General Assembly -UNGA

It is one of the six principal organs of the United Nations and the only one in which all member nations have equal representation. Its powers are to oversee the budget of the United Nations, appoint the non-permanent members to the Security Council, receive reports from other parts of the United Nations and make recommendationsContinue reading “United Nations General Assembly -UNGA”

UN Secretary General

The charter is vague in defining the duties of the secretary-general, the United Nations’ top official. He or she is expected to show no favoritism to any particular country, but the office is largely dependent on the funding and goodwill of the most powerful nations. The Security Council — notably the P5 — chooses theContinue reading “UN Secretary General”

United Nations Security Council – UNSC

The 15-member Security Council is by far the most powerful arm of the United Nations. It can impose sanctions, as it did against Iran over its nuclear program, and authorize military intervention, as it did against Libya in 2011. Its five permanent members are the victors of World War II: the United States, Britain, China,Continue reading “United Nations Security Council – UNSC”

International Court of Justice – ICJ

ICJ is the principal judicial organ of the United Nations (UN). It was established in June 1945 by the Charter of the United Nations and began work in April 1946. The seat of the Court is at the Peace Palace in The Hague (Netherlands). Of the six principal organs of the United Nations, it isContinue reading “International Court of Justice – ICJ”

World Economic Forum – WEF

It is a Swiss nonprofit foundation, based in Cologny, Geneva. The forum was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva. Recognized by the Swiss authorities as the international institution for public-private cooperation, its mission is cited as “committed to improving the state of the world by engagingContinue reading “World Economic Forum – WEF”

East Asia Summit – EAS

East Asia Summit is a unique Leaders-led forum of 18 countries of the Asia-Pacific region formed to further the objectives of regional peace, security and prosperity. It has evolved as a forum for strategic dialogue and cooperation on political, security and economic issues of common regional concern and plays an important role in the regionalContinue reading “East Asia Summit – EAS”

G-20

G20 was initiated in 1999 and consists of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union (EU). Before the outbreak of global financial crisis in 2008, G20 meetings of Finance Ministers andContinue reading “G-20”

Asian Development Bank (ADB)

The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966. which is headquartered in Ortigas Center located in Mandaluyong, Metro Manila, Philippines, and maintains. It promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the PacificContinue reading “Asian Development Bank (ADB)”

Global Innovation Index (GII)

The Global Innovation Index (GII) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The GII helps to create an environment in which innovation factors are continually evaluated. The Global Innovation Index 2016 (GII), in itsContinue reading “Global Innovation Index (GII)”

United Nations – UN

The United Nations is an intergovernmental organization that promotes international cooperation and peace building. The United Nations was established after the end of WWII on the 24th of October 1945 in order to prevent a similar global conflict from ever reoccurring. The United Nations replaced the ineffective League of Nations, which was created after theContinue reading “United Nations – UN”

Islamic Development Bank

The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in December 1973, and the Bank was formally opened on 20 October 1975. The purpose of the Bank is to foster the economic development andContinue reading “Islamic Development Bank”

International Organizations: UNHRC

It is an inter-governmental body within the United Nations system responsible for strengthening the promotion and protection of human rights around the globe and for addressing situations of human rights violations and make recommendations on them. It meets at the UN Office at Geneva. The Council is made up of 47 United Nations Member StatesContinue reading “International Organizations: UNHRC”