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Foreign Affairs
12. NDB
Established at the 6th BRICS summit in Fortaleza (Brazil)
in 2014
Unlike the World Bank, which assigns votes based on capital
shares, here each participant country will be assigned
one vote, and no country will have veto power
Countries apart from the BRICS countries will also be
members- the bank will have some countries from the south
on a rotational basis, on the board of the bank, and they will
be allowed to vote
The bank will allow new members to join but the share of
BRICS countries cannot drop below 55%
The bank will primarily lend for infrastructural projects
The Contingent Reserve Arrangement, which is the twin
organization of the bank but is yet to take off, will fulfill an
IMF-type role. Every country will be able to tap into a
multiple of its contribution, but anything above 30% of
that amount will come with IMF-style conditions
(some say this shows the inherent fallacy in having such an
alternative)
Some claim that Since the BRICS Bank will be giving project
loans, based entirely on the viability of the project itself, it
will be unconcerned with the macroeconomic orientation of
the government; hence its loans will lack the ideological
coercion that the World Banks loans bring with them
13. AIIB
14. ADB: one method of raising funds for the ADB is issuing bonds
on global capital markets; Japan holds the highest shares in
ADB
15. United Nations recently passed a resolution
recognizing same-sex marriages (only for staff from
countries where such marriages are recognized)
16. What is the US L1-B visa? L-1 visas are available to
employees of an international company with offices in both the
United States and abroad. The visa allows such foreign workers
to relocate to the corporation's US office after having worked
abroad for the company for at least one continuous year within
the previous three prior to admission in the US
17. Yemen conflict
and road route for moving freight between India, Russia, Iran,
Europe and Central Asia
28. Technology-control cartels: the NSG, Missile Technology
Control Regime, Australia Group and Wassenaar Arrangement
29. Nepals new constitution will let it remain a parliamentary
democracy (not making it a presidential system)
30. India and Georgia recently signed an MoU for exchange of
knowledge about electoral processes
31. Social Progress Index- launched in 2013 and is based on 52
indicators of countries social and environmental performance.
It includes no economic indicators and measures
outcomes
32. Katchatheevu island was ceded by India to Sri Lanka in 1974
to maintain friendly relations without any constitutional
amendment
33. Magna Carta:
No one is above the law, including the King
First step towards Parliamentary Democracy
34. What is UNESCAP? United Nations Economic and Social
Commission for Asia and the Pacific
35. G4 countries: Brazil, India, Germany, Japan; the four
countries are backing each others bids for permanent seats on
the UNSC
36. G7 countries: USA, UK, Canada, France, Germany, Italy,
Japan
37. G8 countries: Group of eight highly industrialized nationsFrance, Germany, Italy, UK, Japan, USA, Canada, and Russia
38. The coastlines of the Caspian sea are shared by Azerbaijan,
Iran, Kazakhstan, Russia, and Turkmenistan
39. Battle of Waterloo: 200th anniversary celebrated recently;
Napoleon was finally defeated and sent to St. Helena
40. Indian Ocean Rim Organization
The IORA is a regional forum, tripartite in nature, bringing
together representatives of Government, Business
and Academia, for promoting co-operation and closer
interaction among them
The region is vital to global shipping lanes, and thus of
immense strategic importance to countries in the region as
well as globally
20 member states- South Africa, Mozambique, Tanzania,
Kenya, Madagascar, Comoros, Mauritius, Seychelles, Iran,
Oman, UAE, Yemen, India, Sri Lanka, Bangladesh, Malaysia,
Turkey- Erdogan
48.
Nepal constitution: