Venezuela Current Affairs - 2019

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NAM Ministerial Meeting held in Caracas, Venezuela

Ministerial meeting of Coordinating Bureau of Non-Aligned Movement (NAM) was held in Caracas, capital of Venezuela. Theme for 2019 Meet was- Promotion and Consolidation of Peace through Respect for International Law. Since 2016 Venezuela has held the presidency of NAM which will now be passed on to Azerbaijan in October 2019. Key Highlights At NAM Read More…

Month:  Categories: InternationalPlaces in News

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Iraq remains India’s top supplier of Crude Oil in 2019

According to data released by Directorate General of Commercial Intelligence and Statistics (DGCI&S), Iraq remains India’s top crude oil supplier for second year in a row. Key Highlights of India’s Oil import Data India is world’s third largest importer of crude oil (7% of total crude oil imports) after China (world’s largest importer with 20.2% Read More…

Month:  Categories: Business, Economy & Banking

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Worldwide Cost of Living Survey 2019 by Economist Intelligence Unit

The Economist Intelligence Unit has released the report of the Worldwide Cost of Living Survey 2019. Findings of the Survey For the first time in its 30-year history, three cities have been accorded the title of the world’s most expensive city in the Worldwide Cost of Living Survey from The Economist Intelligence Unit. Singapore which Read More…

Month:  Categories: InternationalUPSC

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Trends in International Arms Transfers 2018 Report: Key Facts

The Stockholm International Peace Research Institute (SIPRI) has released the Trends in International Arms Transfers 2018 Report. The Key observations made in the report include: Russia’s arms export to India decreased by a whopping 42 per cent between 2014-18 and 2009-2013. Russia accounted for 58 per cent of total Indian arms imports in 2014-2018, compared Read More…

Month:  Categories: InternationalUPSC

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Venezuela Crisis

The Venezuela crisis is deepening with passing time. European Union, Australia, US, New Zealand have recognised Juan Guaidó, the opposition leader as the president. Juan Guaidó, the opposition leader, has said that President Nicolás Maduro is illegitimate and has asserted himself as Venezuela’s interim president. What’s the crisis? Both Juan Guaidó and Nicolás Maduro have Read More…

Month:  Categories: InternationalUPSC

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Petro: Venezuela becomes first country to launch virtual currency

Venezuela become first sovereign country to officially launch its own cryptocurrency called Petro backed by oil, gas, gold and diamond reserves to circumvent US-led financial sanctions. Venezuelan President Nicolas Maduro has claimed that the pre-mined cryptocurrency Petrohas raised US $735 million on the first day of its pre-sale. Key Facts The Petro aims to help Read More…

Month:  Categories: International

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Venezuela, Libya Lose UNGA Vote for third time in 3 Years

Venezuela and Libya were suspended from voting in United Nations General Assembly (UNGA) in 2018-19 session for not paying dues to 193-member world body. It was for third time in three years these countries have been suspended from voting for unpaid dues. Key Facts Overall, 14 countries including Venezuela and Libya were in arrears for Read More…

Month:  Categories: International

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