6. Balochistan governor resigns
• Balochistan Governor Syed Zahoor Ahmad Agha, who belongs to the PTI, resigned from his office on April 13, 2022. According to Governor House officials, Mr Agha submitted his resignation to President Dr Arif Alvi.
• `I would continue to play my role for the development of the country and the nation,` he said in a statement
7. World Bank slashes Pakistan`s growth forecast to 4.3pc
• Reducing Pakistan`s economic growth rate forecast for current fiscal year by almost one per cent, the World Bank (WB) on April 13, 2022 said the last ditch energy subsidies by the outgoing government put an additional burden on budget and threaten the International Monetary Fund (IMF) programme.
• `The financing of the price cuts or subsidies can create an additional burden on the fiscal budget, threaten the ongoing programme with the IMF, and limit the use of the fiscal budget on other, more productive projects`, said the World Bank ahead of the IMF-WB Annual Spring Meetings beginning early next week.
• While launching its latest `South Asia Economic Focus Reshaping Norms: A New Way Forward`, the bank`s Chief Economist for South Asia Region Hans Timmer said these subsidies were `unsustainable and ineffective` and advocated that right prices should be charged to consumers and redistributed to poor households
8. India`s Infosys to exit Russia business
• Indian software giant Infosys said on April 13, 2022 it was `transitioning` out of the Russian market following the Ukraine war and conflict of interest accusations levelled at Rishi Sunak, the British finance minister.
• Sunak`s wife Akshata Murty holds a nearly $1 billion stake in the IT firm, which was founded by her father N. R. Narayana Murthy and established itself as a global outsourcing behemoth.
• Critics have accused Sunak of financially benefiting from Infosys operations in Russia through his wife`s stake, even in the wake of stiff British sanctions against Moscow in response to the invasion of Ukraine.
9. Colombo calls upon diaspora to send money
• Sri Lanka urged its citizens overseas to send home money to help pay for desperately needed food and fuel on April 13, 2022 after announcing a default on its $51 billion foreign debt.
• The island nation is in the grip of its worst economic crisis since independence in 1948, with severe shortages of essential goods and regular blackouts causing widespread hardship.
• Central bank governor Nandalal Weerasinghe said he needed Sri Lankans abroad to `support the country at this crucial juncture by donating much needed foreign exchange`
10. California start-up sends tiny robots on voyage into brains
• Sending miniature robots deep inside the human skull to treat brain disorders has long been the stuff of science fiction but it could soon become reality, according to a California start-up.
• Bionaut Labs plans its first clinical trials on humans in just two years for its tiny injectable robots, which can be carefully guided through the brain using magnets.
• `The idea of the micro robot came about way before I was born,` said co-founder and CEO Michael Shpigelmacher
Check our daily updated ‘s Complete Day by Day Current Affairs Notes
March 2021:
[catlist name=”March 2022″]
February 2022:
[catlist name=”February 2022″]
January 2022:
[catlist name=”January 2022″]
December 2021:
[catlist name=”December 2021″]
