Current Affairs - Reports,Survey And Index

Global Innovation Index 2021

The 14th edition of Global Innovation Index was released on 20th September 2021.

  • The Index is released annually by the World Intellectual Property Organization (WIPO).
  • The Global Innovation Index 2021 captures the innovation ecosystem performance of 132 economies and tracks the most recent global innovation trends.

Yield Curve

Why is it in News?

Yield curve in the US has inverted for the first time since mid 2007- a shift that has in past signaled recession.


Laffer Curve

  • This curve explains correlation between tax rate and tax revenues.
  • It states that if tax rates are very high, reducing them up to a point optimizes tax revenues as it will lead to lesser evasion and better compliance.

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