At the recent 47th G7 summit, the G7 (Group of Seven) Countries proposed a 'Build Back Better World (B3W) initiative to counter China's Belt and Road Initiative (BRI).
China has reported the 1st human infection case with the Monkey B virus (BV). Monkey B virus is an alphaherpesvirus enzootic (endemic) in macaques, and it was initially isolated in 1932.
As a means of cleaning up bank books, Bad Bank was established for stressed assets. The establishment of a bad bank was announced in the Union Budget. It is known as the National Asset Reconstruction Company Limited (NARCL).
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