Economic Slowdown Current Affairs - 2020

AIIB to finance 500 million USD projects to strengthen National Health Care Systems

The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its funds under COVID-19 Crisis Recovery Facility. Highlights The funding is to be used for purchase of equipment and also for detection capacity. India had earlier approached AIIB Read More…

United Nations predict India’s GDP at 4.8%

On April 9, 2020, the United Nations released a report on Economic and Social Survey of Asia and Pacific (ESCAP), 2020. Highlights According to the report, the economic growth rate of India stood at 5% in 2019-20. It has forecasted that the growth rate is to shrink to 4.8% in 2020-21 and the growth rate Read More…

Extraordinary G20 Trade and Investment Ministerial Meet

On March 31, 2020, the “Extraordinary G20 Trade and Investment Ministerial Virtual Meet” was held through video conferencing. The Union Commerce Minister Piyush Goyal represented India at the meet. Highlights India had called for easy movement of health professionals and enhanced access to affordable medicines across national borders. Amidst the threat of COVID-19, India is Read More…

United Nations: India and China likely to stay away from Global Recessions

The United Nations Conference on Trade and Development (UNCTAD) made a new analysis under the title “The COVID-19 Shock to Developing Countries”. Highlights The analysis says that leading exporting countries are to face drop in investments between 2 trillion USD and 3 trillion USD in the next two years. The world economy is to go Read More…

Corona Virus: UGC reschedules exams; International airlines banned temporarily

On March 19, 2020, the University Grants Commission directed all the affiliated colleges and universities to postpone the ongoing examinations. The evaluation works have also been directed to be rescheduled. The GoI has also ordered other bodies operating under Ministry of HRD such as AICTE, NIOS, NTA, NCTE and CBSE to reschedule their exams. Highlights Read More…