World Bank: Allocation of funds influenced by the elite

Content for Mains Enrichment   Source: TH  Context: World Bank research paper ( titled “The added value of local democracy evidence from a natural experiment in India” (2023) ) focusing on fund allocation in Karnataka’s gram panchayats (local self-government bodies).   What does the research say?   Who are “Elites”? The elite refers to a small, …

Multilateral Development Banks and issues with global financial safety institutions

GS2/GS3 Paper   Syllabus: International Institutions and their working   Source: IE  Context: The article discusses that in the absence of significant governance reform, global financial safety institutions such as World Bank and IMF are losing effectiveness. What are Multilateral development banks (MDB)? They are international financial institutions for the purpose of encouraging economic development in …

Business Ready Project

Source: World Bank  Context: The World Bank Group has launched its Business Ready project, which will assess the business and investment climate in up to 180 economies annually. It replaces the World Bank Group’s earlier Doing Business project, reflecting a more balanced and transparent approach to evaluating a country’s business and investment climate   Comparison …

World Development Report 2023: Migrants, Refugees, and Societies

GS Paper 1  Syllabus: Population and associated issues   Source: DTE  Context: The ‘World Development Report 2023: Migrants, Refugees, and Societies’ was recently released by the World Bank.   The World Development Report (WDR): It is an annual report published since 1978 by the International Bank for Reconstruction and Development (IBRD) or World Bank. It …

Life Lessons from Ajay Banga

Content for Mains Enrichment (CME)   Source: TH   Usage: His life story can be used in Essay/Ethics to illustrate points and highlight the values of Integrity, commitment to social responsibility, and respect for diversity.

[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 06 March 2023

InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …

[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 14 January 2023

InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions in your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …

World Bank releases Global Findex database 2021

GS Paper 3: Syllabus: Financial Inclusion   Context: World Bank’s Global Findex database surveyed how people in 123 economies use formal and informal financial services e.g., cards, ATMs, mobile phones, and the internet. Global specific findings: Account ownership: Globally, in 2021, 76 per cent of adults had an account at a bank or regulated institution …

[MISSION 2022] Insights SECURE 2022 : Daily UPSC Mains Answer Writing Practice: 4 April 2022

  Click on EACH question to post/upload you answers. How to Follow Secure Initiative? How to Self-evaluate your answer?  MISSION – 2022: YEARLONG TIMETABLE Join IPM 4.0 to get an assured review of 2 secure answers everyday   General Studies – 1 Topic:  Important Geophysical phenomena such as earthquakes, Tsunami, Volcanic activity, cyclone etc., geographical features …

[MISSION 2022] Insights SECURE 2022 : Daily UPSC Mains Answer Writing Practice: 28 March 2022

  Click on EACH question to post/upload you answers. How to Follow Secure Initiative? How to Self-evaluate your answer?  MISSION – 2022: YEARLONG TIMETABLE Join IPM 4.0 to get an assured review of 2 secure answers everyday   General Studies – 1 Topic: Social empowerment 1. There have been various efforts towards securing a life of …

The World Bank has supported India since its independence by giving large loans for its economic development. Evaluate its role as a facilitator of developmental objectives. (250 words)

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 5. The World Bank has supported India since its independence by giving large loans for its economic development. Evaluate its role as a facilitator of developmental objectives. (250 words) Difficulty level: Moderate Reference: InstaPedia   Why the question: The question …

World Bank Doing Business report:

GS Paper 2 Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context- What has happened? The World Bank, in mid-September, announced that it was set to discontinue publishing its Doing Business report.   Why? This announcement came on the back of an independent investigation that, reportedly, found “data irregularities” that prevailed …

World Bank discontinues Doing Business rankings:

GS Paper 2 Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context: The World Bank Group has decided to discontinue publication of its ‘Doing Business’ rankings of country business climates after a review of data irregularities in the 2018 and 2020 reports.   What’s the issue? In August 2020, World Bank paused …

World Bank pledges $1 bn to boost India’s social safety net

Topics Covered: Important International institutions, agencies and fora, their structure, mandate. World Bank pledges $1 bn to boost India’s social safety net What to study? For Prelims: About WB group. For Mains: Significance and the need for this funding. Context: World Bank has approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special …