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Current Affairs 15 April 2022

CONTENTS

  1. Dr. B.R. Ambedkar
  2. Red star over Solomon Islands
  3. Long Period Average
  4. Understanding the sovereign debt crisis in Sri Lanka

Dr. B.R. Ambedkar


Context:

The President Shri Ram Nath Kovind led the nation in paying homage to Bharat Ratna Baba Saheb Dr. B.R. Ambedkar on his 132th birth anniversary.

Relevance:

GS II- History

Dimensions of the Article:

  1. About B R Ambedkar
  2. Contributions

Click Here To Read More : Dr. B.R. Ambedkar


Red star over Solomon Islands


Context:

A recent leaked document has revealed that the Solomon Islands in the South Pacific has reached a deal with China which outlines an unprecedented level of security cooperation. This is the first deal of its kind for Beijing in the region.

Relevance:

GS II- India and its neighbourhood relations

Dimensions of the Article:

  1. About Solomon Islands
  2. What are the contents of the proposed deal and why are they controversial?
  3. What is the rationale for the Solomon Islands’ increasing proximity to China?
  4. Why is China interested in the Solomon Islands?

Click Here To Know More: Red star over Solomon Islands


Long Period Average


Context:

The country is likely to receive a normal monsoon for the fourth consecutive year, the India Meteorological Department (IMD) said in its first Long Range Forecast (LRF) for this year.

  • Rainfall in the four-month June-September southwest monsoon season was in the normal range in 2019, 2020, and 2021 as well.

Relevance:

GS I- Geographical Features & Their Location

Dimensions of the Article:

  1. About Long Period Average
  2. Why LPA is needed
  3. Range of normal rainfall

Click Here To Read More: Long Period Average


Understanding the sovereign debt crisis in Sri Lanka


Context:

Recently, The Sri Lankan government decided to default on all its foreign debt worth $51 billion as it awaits financial assistance from the International Monetary Fund (IMF). The government stated that it took the decision to preserve its dwindling foreign reserves to pay for the import of essential items. Ratings agencies such as Fitch, and Standard & Poor’s have downgraded Sri Lanka’s sovereign debt.

Relevance:

GS III- Indian Economy

Dimensions of the Article:

  1. What is sovereign debt?
  2. Why is Sri Lanka unable to make good on its foreign debt commitments?
  3. What is the cost of defaulting on foreign debt?

Click Here To Read More:  Understanding the sovereign debt crisis in Sri Lanka


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