Topic: Euro

Euro Hits One-Year Low Amid Economic Concerns

The euro has recently fallen to its lowest point in a year. This decline raises concerns about its potential to reach parity with the US dollar. Market analysts...

November 14, 2024    Economy & Banking Current Affairs

Croatia’s switch to Euro

Croatia has taken two major steps towards further integration with the European Union (EU) by adopting the euro and joining the Schengen zone. The country officially became the...

January 2, 2023    International / World Current Affairs

Project Libra

Libra is the new cryptocurrency of the social media giant, Facebook. The digital currency Libra will be available to the users of Facebook services like Messenger, WhatsApp, and...

June 19, 2019

India’s External Debt Eases

India’s external debt has witnessed a decline of 1.6% to US$ 521.2 billion at end-December 2018 over its level at end-March 2018, on account of the decrease in commercial borrowings...

April 2, 2019

Zuzana Caputova elected first female President of Slovakia

Zuzana Caputova has won Slovakia’s presidential election, making her the country’s first female head of state. Ms Caputova defeated high-profile diplomat Maros Sefcovic, nominated by the governing party....

April 1, 2019

Indian Foreign Exchange Reserves

The RBI data shows that Indian Foreign Exchange Reserves have been increased by USD 1.497 billion to reach USD 398.178 billion for the week to January 25. This increase has...

February 4, 2019

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...

July 23, 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...

July 22, 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...

July 11, 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...

December 28, 2011

European Financial Stability Facility

European Financial Stability Facility (EFSF) is a SPV (special purpose vehicle) financed by members of the Eurozone to combat the European sovereign debt crisis. It was agreed by...

December 7, 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....

November 30, 2011