ABG shipyard scam – India’s biggest bank fraud
What is the ABG shipyard scam:- In February 2022, the Central Bureau of Investigation (CBI) filed a case against ABG Shipyard Ltd for cheating a consortium of 28 banks including the State Bank of India (SBI), IDBI and ICICI. The
SWIFT
Theme:- Russia’s invasion of Ukraine resulted in several sanctions on Russia, which includes its partial ban from SWIFT.
- SWIFT (Society for Worldwide Interbank Financial Telecommunication) provides a secure financial messaging system for international payments. For example, if a person
Impact of 5G on Global economy
What is 5G:- 5G is the fifth-generation mobile network. It has the potential to be 100 times faster than its predecessor 4G. Latency (delay) can drop to under 1 ms, while 4G latency ranges from 60 ms to 98 ms.
Russia-Ukraine crisis – Impact on India
Theme:- Russia’s invasion of Ukraine took many lives of innocent people. It is also affecting the economies of many countries including India because the present world is interconnected.
- Crude oil prices were already rising
NATO
Theme:- “NATO (North Atlantic Treaty Organization)” became the main issue in Russia’s invasion of Ukraine, which was started on 24th February 2022.
- NATO was formed after the second world war to ensure peace in Europe
