Currency
Air India and Vistara Merger
The merger of Air India and Vistara marks an important shift in the aviation landscape. This strategic move aims for enhanced efficiency and profitability. The merger is expected to save over ₹500 crore annually. It will also strengthen Air India’s ..
Month: Current Affairs - November, 2024
Category: Economy & Banking Current Affairs
What is Currency Chest?
Currency Chests are places where RBI (Reserve Bank of India) stocks money meant for banks and ATMs. The Currency Chests are located in different banks and are administered by the Reserve Bank of India. Why is Current Chest in news ..
Month: Current Affairs - April, 2021
Impact of EU-UK Brexit Deal in India
India is to emerge as the net-gainer from the Brexit deal recently signed between the European Union and United Kingdom. Impact on India The gains for India from the EU-UK Brexit deal are mainly in the service sector. This is ..
Month: Current Affairs - December, 2020
Currency Manipulator
The United States has again included India in its monitoring list of countries. These countries are with potential of “Currency Manipulation” and “Questionable Foreign Exchange Policies”. What is Currency Manipulator? The US Government names a country as currency manipulator if ..
Month: Current Affairs - December, 2020
MECL begins gold mining in Kolar after 16 years
The Mineral Exploration Corporation Limited recently began the Kolar Gold Field exploration after 16 years. Background The Kolar Gold mines are located nearly 100 km from Bengaluru. They were closed in 2001 due to the fall in gold prices. The ..
Month: Current Affairs - September, 2020
RBI releases International Investment Position
On June 30, 2020, Reserve Bank of India released its data on International Investment Position, IIP. Highlights According to the data, the direct investment in the country rose by 19 billion USD and the portfolio investment declined by 13.7 billion ..
Month: Current Affairs - July, 2020
Iran: New Currency introduced to tackle Inflation
The Iran Government has recently come up with the decision of changing the name of the its currency to toman. The unit of Iranian currency if Rial. According to the Iranian Government, one Toman is 10,000 rials. Highlights Gheran is ..
Month: Current Affairs - May, 2020
India’s Foreign Exchange touches all time high of 457.468 billion USD
RBI announced that Foreign Exchange Reserves of India has swelled by 2.52 billion USD in the week that ended on December 27, 2019. The Central Bank also said that the country’s special drawing rights with the IMF (International Monetary Fund) ..