Euro Current Affairs, GK & News

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 Instagram. The Libra transactions will be recorded on a blockchain which offers a tamper-proof ledger that runs across multiple computers. The blockchain technology forms the backbone of ..

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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 and trade credit. Further: There had been a valuation gain in external debt as at end December 2018 due to the depreciation of the US dollar vis-a-vis the ..

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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. She won 58% of the vote, with Mr Sefcovic trailing on 42%. Mr Sefcovic is the vice president of the European Commission. Slovakia Slovakia is a landlocked ..

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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 been attributed to a jump in core currency assets. Why the Foreign Exchange Reserves frequently fluctuate? The Foreign Exchange Reserves are expressed in terms of the US dollars are ..

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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 transactions using the Renminbi and the Rupee are projected to increase. It is a remarkable ..

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