CURRENT AFFAIRS

The TRIPS Agreement is the most comprehensive multilateral agreement on intellectual property rights (IPRs). 

The Human Development Report (HDR) is an annual publication by the United Nations Development Programme (UNDP), first launched in 1990.

The Multidimensional Poverty Index (MPI) is a composite measure of poverty that goes beyond income-based indicators. 

Gross Fixed Capital Formation (GFCF) refers to the net investment in fixed assets within an economy over a specified period. 

The Department of Financial Services, Ministry of Finance has notified the merger of 26 Regional Rural Banks (RRBs) on the principle of ‘One State-One RRB’.

Food Security implies that all individuals, at all times, have physical, social, and economic access to adequate, safe, and nutritious food that meets their dietary needs and food preferences for an active and healthy life.

The International Monetary Fund (IMF) is a global financial institution.

The World Bank Group (WBG) is an important multilateral financial institution.

The WTO Agreement on Fisheries Subsidies was adopted during the 12th WTO Ministerial Conference (MC12) held in Geneva, Switzerland in June 2022.

Before the establishment of the WTO in 1995, global trade was governed by the General Agreement on Tariffs and Trade (GATT), created in 1947.