Daily News Analysis

Multilateral Development Banks (MDBs)

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    1. It is an international financial institution established by two or more countries for the purpose of encouraging economic development in poorer nations.
    2. It consists of member nations from both developed and developing countries.
    3. It intends to provide loans and grants to member nations to fund projects to support social and economic development in the areas of infrastructure, energy, education, and environmental sustainability in the poor countries.
    4. It evolved on the background of WW-II to rebuild war-ravaged nations and stabilize the global financial system.
    5. The MDBs are subject to international law.
    6. MDBs do not seek to maximize profits unlike the commercial banks as they prioritize development goals to improve the economic conditions of impoverished or developing nations.
    7. Two types of MDBs:
      1. The first type includes the largest and best-known institutions that makes loans and grants such as the World Bank and the Inter-American Development Bank (IDB).
      2. The second type includes MDBs formed by governments of low-income countries that can then borrow collectively via the MDB in order to secure more favourable rates.

Gini Coefficient

The Gini coefficient is a key measure used in economics to quantify income inequality within a country or region. Developed by the Italian statistician Corrado Gini, it serves as an essential tool
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Onge Tribe

The Onge tribe, one of the most ancient and primitive tribes of India, is a fascinating yet vulnerable community that resides on Little Andaman Island. Recently, the Andaman and Nicobar Islands ad
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Nipah Virus

Nipah Virus (NiV) is an emerging zoonotic virus that poses a serious health risk due to its high mortality rate and ability to spread through both animal-to-human and human-to-human transmission.
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WHO’s "3 by 35" Initiative

The World Health Organization (WHO) recently launched the "3 by 35" initiative, which aims to reduce the harmful consumption of tobacco, alcohol, and sugary drinks globally. This is part
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Bond Yield

According to Bank of Baroda Research, the yield on India’s benchmark 10-year government bonds is expected to stay soft (low) in July. This indicates stable or easing borrowing costs for the
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VWAP for Institutional Investors

In a move aimed at making trading more transparent and efficient for institutional investors and market participants, SEBI (Securities and Exchange Board of India) has mandated the issuance of a C
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Genome Sequencing

The recent sequencing of the oldest ancient Egyptian genome, dating back 4,500 to 4,800 years, is a groundbreaking achievement in the field of genomics. About the Genome: A genome is the com
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Financial Fraud Risk Indicator (FRI)

Recently, the Reserve Bank of India’s (RBI) directed all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate the Financial Fraud Risk Indicat
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Very Massive Stars

Very Massive Stars, sometimes referred to as Very Luminous Stars, are celestial giants that possess over 100 times the mass of the Sun. These stars are critical to our understanding of the evoluti
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Right to Privacy

The Madras High Court's judgment quashing the 2011 phone-tapping order issued by the Union Ministry of Home Affairs (MHA) marks a crucial turning point in the interpretation of the right to pr
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