Category: International Current Affairs

The global economy will decline by 5.2% in 2020: World Bank

June 9, 2020

• The global economy is on way to drop by 5.2 % this year amid the COVID-19 pandemic, the deepest recession since the Second World War, the World Bank Group stated in its latest Global Economic Prospects.

India stands 168th on Environmental Performance Index 2020, Denmark top

June 9, 2020

• India has stood on 168th out of 180 countries in the 2020 Environmental Performance Index (EPI), according to researchers at Yale and Columbia universities, who state that India’s decarbonization agenda requires to expedite, and the country suffers a number of serious environmental health risks, including poor air quality.

Wipro pairs up with IBM to offer Cloud solutions

June 8, 2020

• Wipro has paired up with IBM to assist customers to embark on a hybrid cloud migration journey.
• Through this alliance, Wipro would produce hybrid cloud offerings to support businesses migrate, manage and modify mission-critical operations and applications across public or private cloud and on-premise IT environments.

India, Denmark ink MoU for developing cooperation in power sector

June 8, 2020

• India and Denmark have inked an MoU for developing cooperation in the power sector.
• The MoU inked between the Ministry of Power and the Ministry for Energy, Utilities and Climate, Government of Denmark, is to produce a strong, deep and long-term co-operation between two countries in the power sector on the grounds of equality, reciprocity and mutual benefit.

India selects Brajendra Navnit as Ambassador to the WTO

June 7, 2020

• India has selected Brajendra Navnit, a 1999 IAS officer of Tamil Nadu cadre as its Ambassador to the World Trade Organization (WTO).
• The Appointments Committee of the Cabinet recommended his appointment for a period of three years from the date of assumption of charge.

Abu Dhabi’s Mubadala to purchase 1.85% stake in Reliance Jio platforms for Rs 9093.6 cr

June 6, 2020

• Abu Dhabi-based sovereign investor Mubadala Investment Company will purchase 1.85 per cent stake in Jio Platforms for Rs 9,093.6 crore, RIL stated on 5^th June.

In THE Asia University Ranking 2020, 8 Indian institutes come into top 100

June 6, 2020

• Time Higher Education (THE) has declared the THE Asia University Rankings 2020. 56 Indian institutes participated in the rankings this year from which eight have come in the top 100. Among the Indian institutes, the Indian Institute of Science (IISc) Bangalore has appeared as the best with reserving its place at the 36th rank.

Forbes highest-paid celebrities: Kylie Jenner ranks first and Akshay Kumar (Rank 52) only Indian on the list

June 6, 2020

• Bollywood actor Akshay Kumar is the only Indian star to feature on Forbes 2020 list of World’s 100 Highest-Paid celebrities. While the actor’s rank has observed a drop from last year. Forbes also showed the actor’s earning and stated that Akshay had an approximated $48.5 million earnings this year, matched to $65 million last year. From the 33rd spot, Akshay has fallen to the 52nd spot.

Karnataka’s Hubballi to be the world’s longest railway platform

June 5, 2020

• Karnataka’s Hubballi railway station is ready to get the world’s longest railway platform with measurement of 1,400 meters length and 10 meters width. Confirming the same, South Western Railway (SWR) officials stated that the extension work in Platform number 1 of the Hubballi Junction is underway.

Modi-Morrison online summit: India, Australia sign landmark defense pact

June 4, 2020

• India and Australia on 4th June upgraded their bonds to a comprehensive strategic partnership and inked seven agreements including a landmark deal for reciprocal access to military bases for logistics support through an online summit between Prime Minister Narendra Modi and his Australian counterpart Scott Morrison.