Balance of Payments Current Affairs, GK & News

Balance of Payments

The Balance of International payments or Balance of Payments refers to the systematic and summary record of a country’s economic and financial transactions with the rest of the world, over a period of time. As per IMF, the Balance of payments is a statistical statement for a given period showing: Transactions in goods and services ..

COVID-19: Fifth Recession of India

Since Independence in 1947, India has faced four recessions. According to Reserve Bank of India (RBI), the recessions occurred in 1958, 1966, 1973 and 1980. Highlights Recession is defined as the fall in economic activities of the country along with decline in sales, income and employment. India has so far seen four such negative GDP ..

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Nigerian Chief Aide of President Muhammadu Buhari dies of COVID-19

Nigerian President Muhammadu Buhari’s Chief Aide Abba Kyari died of COVID-19 on April 17, 2020. He had tested positive for the disease and had been receiving treatment for the disease. Abba Kyari Abba Kyari controlled access to Nigerian President Muhammadu Buhari. He was a former military ruler and had tested positive after his visit to ..

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RBI, Bank of Japan sign Bilateral Swap Arrangement

Reserve Bank of India (RBI) and Bank of Japan have signed a bilateral swap agreement. The agreement was negotiated during the visit of Prime Minister Narendra Modi to Tokyo last year. Bilateral Swap Agreement The Swap agreement will provide India access to 75 billion US dollars against the 50 billion dollars under earlier BSA. Under ..

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India’s Balance of Trade

Read Here Background of India’s Foreign Trade The balance of trade or Net Exports is the difference between the monetary value of exports and imports of output in an economy over a certain period of time. It is the relationship between a nation’s imports and exports. A favorable balance of trade is known as a ..

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What is Balance of Payments?

Balance of Payments (BOP) is a systematic and summary record of a country’s economic and financial transactions with the rest of the world, over a period of time, say one year. Structure of Balance of Payments The format of the balance of payments given below shows the important types of transactions that enter the balance of ..

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