Daily Current Affairs for UPSC Civil Services Exam – 19 June 2020

Daily Current Affairs for UPSC Civil Services Exam – 19 June 2020

In Today’s News:

  1. India wins the UNSC non-permanent member seat.
  2. India to take part in the meeting of RIC Group.
  3. Indian economy to contract by 4% in 2020-2021, forecasts ADB.

1. India wins the UNSC non-permanent member seat

News Summary

India has won the non-permanent member seat of the United Nations Security Council by securing 184 votes out of 192 votes. India has a term of two years starting from January 2021 in the UNSC. Huge votes show the country’s goodwill in the global forum. India will promote multilateral solutions for the COVID-19 crisis and enhance global action against terrorism.

Prelims GS – International Relations

Refer Prelims content of UNSC on 17th June 2020.

Mini Insights

Mains GS2 – International Relations

Refer to India’s agenda in UNSC for Mains Content on 17th June 2020.

2. India to take part in the meeting of the RIC group

News Summary

India will participate in the virtual meeting of the Russia-India-China grouping. This move has been expected to reduce tension between India and China regarding the Line of Actual Control issue. However bilateral problems will not be discussed in the meeting.

Prelims GS – International Relations

RIC Grouping:
  • RIC refers to Russia-India-China grouping.
  • It is a trilateral grouping.
  • In the 1990s the idea of RIC was promoted by Russian PM as a counterbalance to the western alliance.
  • But this grouping has become significant in the past couple of years when the leaders have started meeting.
  • RIC is a useful platform to support a unified agenda and several regional and global challenges can be discussed and solved.

For more information on RIC grouping, visit the Diplomat newspaper article.

NOTE: For UPSC Mains IR part, always prefer the Diplomat newspaper for current affair related IR.

3. Indian economy to contract by 4% in 2020-2021, forecasts ADB

News Summary

Due to the Covid-19 pandemic, the Indian economy is expected to contract by 4% during the year 2020-2021. Asian Development Bank forecasted this in a supplement to its Asian Development Outlook. ADB Chief has said that Governments of all the countries should take adequate measures to further prevent the outbreaks in the future.

Note: Indian economy contraction is not important because the situation will change. But the institution which forecasts is important for UPSC Prelims Exam.

Prelims GS – International Relations

ADB:
  • Asian Development Bank.
  • Established in the year 1966.
  • The Asian Development Bank (ADB) envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.
  • Also, ADB works in sustaining its efforts to eradicate extreme poverty in the region.
  • ADB provides loans, grants, technical assistance to its members to promote social and economic development.
  • Headquarters: Manila, Philippines.

India is a founding member of ADB from 1966. (Important for UPSC Prelims)

Total members in ADB: 68 (49 from Asia and the Pacific and 19 members outside Asia and the Pacific)

ADB report: Asian Development Outlook (Important for UPSC Prelims 6 times it has been asked)

For more information on ADB, visit the official website.

 

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