IMF chief Kristalina Georgieva confirmed the world economy was already sluggish before the coronavirus outbreak now bound to suffer a "severe recession" in 2020. Where is headquaters of IMF?

April to June Current Affairs - 2020

Warsaw

Bucharest

New York City

Washington D.C

Correct Answer : Washington D.C

IMF chief Kristalina Georgieva confirmed the world economy was already sluggish before the coronavirus outbreak now bound to suffer a "severe recession" in 2020.Addressing the Development Committee Meeting during the annual Spring Meeting of the International Monetary Fund (IMF) and the World Bank, the IMF Managing Director said a massive global contraction in the first half of this year was inevitable. Headquarters of IMF is in Washington, D.C. U.S.

Published On : July 17, 2021

World Telecommunication Day 2024 and Information Society Day 2024 – Date :

Every year, World Telecommunication and Information Society Day is marked on May 17. In 2024, this significant observance falls on a Friday, providing an opportunity for individuals, organizations, and governments worldwide to recognize the pivotal role of telecommunication and information technology in shaping our interconnected world.

Theme for World Telecommunication and Information Society Day 2024 :

The theme for World Telecommunication and Information Society Day 2024 is “Digital Innovation for Sustainable Development.” This theme underscores the crucial role that innovative technologies play in addressing global challenges such as climate change, poverty, and hunger. Digital innovation has the potential to advance progress towards the United Nations Sustainable Development Goals (SDGs) by 2030, with estimates suggesting that digital technologies could contribute to achieving 70% of these targets. However, despite the promise of digital innovation, significant disparities in access, investment, and digital skills persist, hindering progress in many parts of the world.

Published On : May 17, 2024

Q .

Which Company has unveiled an ambitious plan to invest Rs 26,000 crore in its automotive business over the next 3 years?

Tata Motors

Ashok Leyland

Maruti Suzuki

Mahindra & Mahindra Ltd

Correct Answer : Mahindra & Mahindra Ltd

In anticipation of increased demand in the automotive sector, Mahindra & Mahindra Ltd has unveiled an ambitious plan to invest ?26,000 crore in its automotive business over the next three years. This significant investment will span from FY25 to FY27 and is aimed at developing new vehicles and enhancing production capacity.

Major Investments in Electric Vehicles :

A substantial portion of the investment, ?12,000 crore, is allocated to Mahindra Electric Automobile Limited (MEAL), the company’s electric vehicle unit. The funds will be used to create and market a world-class electric SUV portfolio equipped with advanced technologies. Anish Shah, Managing Director of Mahindra & Mahindra Ltd, emphasized the importance of both ICE and electric vehicles for the company’s growth strategy.

Distribution of Investment Across Business Segments

The remaining investment will be distributed as follows:

* SUV Business : ?8,500 crore will be invested to bolster the company’s SUV lineup.

* Commercial Vehicles : ?4,000 crore is allocated to enhance the commercial vehicle segment.

* Farm Equipment : ?5,000 crore will be directed towards the farm equipment business.

Capacity Expansion Plans :

Mahindra & Mahindra plans to ramp up its production capacities significantly. By FY25, the company aims to increase its SUV capacity by 5,000 units and its electric vehicle capacity by 10,000 units. By the end of FY26, an additional 8,000 units of electric vehicle capacity are expected, bringing the overall SUV capacity to 72,000 units.

Published On : May 17, 2024