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 ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
Topics: Balance of Payment crisis • Balance of Payments • Droughts • Economic growth • Energy crisis • GDP • OPEC • Recession
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 ..
Month: Current Affairs - April, 2020
Category: Awards, Persons & Places in News
Topics: Abba Kyari • Balance of Payments • COVID-19 • Diseases • Genral Muhammadu Buhari • Germany • Military Coup • Nigeria
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 ..
Month: Current Affairs - March, 2019
Topics: Balance of Payments • Bank of Japan • bilateral swap agreement • Currency swap • RBI • Reserve Bank of India • yen
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 ..
Topics: Balance of Payments • Balance of payments accounts of Japan • Balance of trade • Current Account • Economy • Economy of India • International macroeconomics • Macroeconomics • National accounts • World economy
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 ..
Topics: Balance of Payments • Current Account • Devaluation • Economy • Foreign exchange reserves • Import • imports • International macroeconomics • Invisible balance • Invisible Exports • Invisible Imports • Macroeconomics • National accounts • Tariff • World economy