DAILY NEWS ANALYSIS

GS-I : Art and Culture Awards & Honours

24 December, 2020
3 Min Read

UN Investment Promotion award to Invest India

The United Nations Conference on Trade and Development (UNCTAD) recently declared “Invest India” as the winner of the United Nations Investment Promotion Award, 2020.
The award recognizes outstanding achievements of investment promotion agencies spread all over the world.

Background

This award helps India’s innovation helped to control the spread of COVID-19 in the country.

United Nations Conference on Trade and Development

UNCTAD deals with trade, investment and development issues.
It was established in 1964.
It releases reports such as Trade and Development Report and World Investment Report.

World Investment Report, 2020

The report was released by UNCTAD in June 2020.
According to the report, the FDI flows decreased by 40% in 2020 as compared to 2019.
For the first time, the global FDI flows will be below 1 trillion USD since 2005.

Source: PIB

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GS-II : International Relations International Organizations

15 December, 2020
3 Min Read

UN Investment Promotion award to Invest India

Context in Current Affairs: The United Nations Conference on Trade and Development (UNCTAD) recently declared “Invest India” as the winner of the United Nations Investment Promotion Award, 2020.
The award recognizes the outstanding achievements of investment promotion agencies spread all over the world. Around 180 such agencies were shortlisted for the award in 2020.

United Nations Conference on Trade and Development

UNCTAD deals with trade, investment and development issues.
The main goal of the organization is to maximize trade and investment.
It was established in 1964.
It releases reports such as Trade and Development Report and World Investment Report

World Investment Report, 2020

The report was released by UNCTAD in June 2020.
According to the report, the FDI flows decreased by 40% in 2020 as compared to 2019.
For the first time, the global FDI flows will be below 1 trillion USD since 2005.
India jumped to 9^th position in FDI flows in 2019. The FDI flows into India were 51 billion USD. India was in 12^th position in 2018.

Trade and Development Report

The report said that the public external debt might increase from 2 trillion USD to 3.6 trillion USD in 2020-21.
To adopt Automatic Temporary standstills. This will provide macroeconomic breathing space for all developing countries.
Debt relief and restructure programmes.

Source: PIB

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