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DAILY NEWS ANALYSIS
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25 June, 2020
2 Min Read
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Its HQ is in Beijing, China.
It is established by a multilateral treaty - AIIB Articles of Agreement. India joined AIIB in 2016 as a regional member of the Bank. Further, 14 of the G-20 nations are AIIB members including France, Germany, Italy and the United Kingdom.
China is the largest shareholder in AIIB with a 26.06% voting power, followed by India with a 7.62% voting power. Recently, the AIIB approved a $750 million loan to India to strengthen the country’s battle against the adverse impact of the Covid-19 pandemic on poor and vulnerable households. The loan is co-financed by the AIIB and the Asian Development Bank.
It aims to ensure economic resilience to prevent long-term damage to productive capacity, including human capital.
Source: TH
06 Feb, 24
Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an
06 Feb, 24
The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description
06 Feb, 24
Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na
06 Feb, 24
Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI
05 Feb, 24
Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co
06 Feb,2024
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