About the NAM The Non-Aligned Movement was formed during the Cold War as an organization of States that did not seek to formally align themselves with either the United States or the Soviet Union, but sought to remain independent or …
What is it? The COVAX facility seeks to accelerate the development and production of coronavirus vaccines through pooling in resources from the member countries, and then ensure that it is equitably distributed amongst them. COVAX is led by the World …
What is meant by “Foreign Exchange Reserve”? Foreign Exchange Reserve indicates the reserves held by RBI in the form foreign currency assets, gold, SDR and reserve tranche. Components of foreign exchange reserve: Foreign Currency Assets– Currencies of foreign countries are …
About AIIB The Asian Infrastructure Investment Bank (AIIB) is an international development bank that provides financing for infrastructure projects in Asia. Headquartered in Beijing, it began operations in 2016. It includes 102 members worldwide (India is a founder member of …
About SAARC The South Asian Association for Regional Cooperation (SAARC) was established in 1985 with 7 founding members. SAARC now comprises eight Member States: Afghanistan (joined in 2007), Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. There are nine …
About UNSC The United Nations Security Council (UNSC) was established in 1946 as one of the six principal organs of the UN. It is generally viewed as the apex of the UN system. It is responsible for the maintenance of …
The United Nations General Assembly’s 75th session is underway and the 75th anniversary of the world body will be celebrated on 24th October. Achievements of UN in last 75 years The UN has achieved success in various fields like Peacekeeping …
Dispute settlement mechanism of WTO According to the procedure established by the WTO, the first step to resolve a trade dispute is engaging in the consultation process. If two trading partners having a dispute could not resolve at that level, …
About the council The Human Rights Council is an inter-governmental body within the United Nations system. The Council’s mandate is to promote “universal respect for the protection of all human rights and fundamental freedoms for all” and “address situations of …
About NAM The Non-Aligned Movement (NAM) was formed during the Cold War as an organization of States that did not seek to formally align themselves with either the United States or the Soviet Union, but sought to remain independent or …