Foreign exchange
Pakistan receives $700 million from China
The foreign exchange reserves of Pakistan fell to 2.9 billion USD. It is now slowly rising to 4 billion USD. The cash injection was the need of the moment for Pakistan. And China stepped in offering 700 million USD to ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs • International / World Current Affairs
PhonePe launches cross-border transaction facility
The Phone Pe app was developed based on Unified Payments Interface. It is now owned by Flipkart (A subsidiary of a US Company called Walmart). The headquarters of Phone Pe is in Bengaluru. The app is available in eleven Indian ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs
T+1 Settlement Cycle
When an investor is buying or selling shares he uses Depository organizations. There are two depository organizations in India. They are NSDL and CDSL. The investors shall buy or sell their shares through these organizations. A bank acts as an ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
National Tourism Day: January 25
The Government of India is celebrating this year National Tourism Day at Pochampally of Telangana. In 2021, the United Nations World Tourism Organization selected the village as one of the Best Tourism Villages in the world, and therefore, the Indian ..
Month: Current Affairs - January, 2023
Category: Important Days & Events Current Affairs
SCO Meet: India invites Pakistan, China
The Shanghai Cooperation Meet is to be held in August 2023 under India’s chairmanship. 2023 is India’s year as the country is hosting two major international meets the SCO and the G-20. The Global South looks up to these meetings. ..
Month: Current Affairs - January, 2023
Category: International / World Current Affairs
RBI’s Digital Payment Index
The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online ..
Month: Current Affairs - January, 2022
Category: Reports & Indexes Current Affairs
US Treasury report: India placed on currency watch list
The United States recently released its report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. The report reviewed currency practices of the biggest trading partners of the US. About the report The three main ..
Month: Current Affairs - April, 2021
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 ..