USA Current Affairs - 2020

US FDIC sued 16 world largest banks for manipulating LIBOR rates

The US regulator, Federal Deposit Insurance Corporation (FDIC) filed a law-suit on 16 world’s largest banks, as these global financial institutions are accuse of conspiring to manipulate the LIBOR interest rate. The US regulator stated that the manipulation caused substantial losses to 38 US banks that were shut down due to insolvency during and after Read More…

SIPRI: India is the world’s largest arms importer

As per the report published by the Sweden-based Stockholm International Peace Research Institute (SIPRI), India become the world’s largest arms importer over 2004-13 and its import of weapon systems is three times more than Pakistan and China.  As per the report of Stockholm International Peace Research Institute (SIPRI) Indian imports of major weapons rose by Read More…

Dubai’s largest non oil trading partner in 2013-14 – “India”

As per the report released by the Dubai Department of Economic Development, India has once again emerged as the largest non oil trading partner of Dubai in 2013-14. The exports and re-exports from India have also marked significant rise in this period. The bilateral trade between the two countries in 2013-14 crossed $37 billion i.e. 10% Read More…

Update on Khobragade case: US court dismissed visa fraud charges against Indian diplomat Ms. Devyani Khobragade

The US Court ruled that the Indian diplomat Ms. Devyani Khobragade had full diplomatic immunity at the time of indictment on visa fraud and underpaying her maid. As per the judgment, Ms. Khobragade who served as Consular officer in the US from October 2012 to January 2014 was at a position of consular immunity as Read More…

Mr. Pankaj Mishra: Indian author won Windham Campbell Literature Prize 2014

Indian author Mr. Pankaj Mishra won the prestigious Donald Windham Campbell Literature prize 2014 in the non-fiction category. The awards are announced by The Beinecke Rare Book & Manuscript Library at YaleUniversity. Mr. Mishra Mishra is an Indian essayist, memoirist, travel writer and novelist whose work expands our understanding of the encounter between Western and Read More…