Page-2 of Economy of the European Union
Renminbi, Rupee included in ADB’s TFP
Noticing the expanding influence of the economies of China and India among the Asian economies, the Asian Development Bank (ADB) decided to encourage and support deals denominated in their local currencies under its Trade Finance Programme (TFP) as intra-regional trade ..
Month: Current Affairs - July, 2012
EIB skeptical about recovery of Eurozone crisis within two years
The European Investment Bank (EIB) is doubtful about the recovery of Euro zone from its debt crisis within the next two years. As per the Bank the pressure on the European member state to settle the situation will remain for ..
Month: Current Affairs - July, 2012
EU offers Spain bank financial aid and more time to cut deficit
European Union has offered ailing Spain more time and 30 billion euro to save the country’s banks and protect Europe from more debt crises. EU ministers promised to provide the funds with 100 billion euro ($123 billion) potentially available in ..
Month: Current Affairs - July, 2012
Indian GDP to crawl at 6.7% in 2012: UN
The UN hewed down its growth predictions for India for the year 2012 by predicting a 6.7% growth rate rather than a 7.7% rise estimated earlier. UN declared Eurozone Debt Crisis as the biggest threat to the world economy. As ..
Month: Current Affairs - June, 2012
Property transaction Norms for NRIs, eased by RBI
The Reserve Bank of India (RBI) recently allowed Indians who have non-resident accounts in India to hold them in any currency which is fully convertible. This decision by RBI is likely to assist NRIs/PIOs (Persons of Indian Origin) as it ..
Month: Current Affairs - December, 2011
European Debt Crisis
Background: The Euro’s introduction in 1999 came along with unified interest rates in the nations that share the currency. These unified interest rates allowed members to borrow heavily. The result was that the bonds that were issued by the nations ..