Foreign exchange

Pakistan receives $700 million from China

February 25, 2023

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: 

Category:  •

PhonePe launches cross-border transaction facility

February 8, 2023

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: 

Category: 

T+1 Settlement Cycle

January 27, 2023

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: 

Category: 

National Tourism Day: January 25

January 25, 2023

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: 

Category: 

SCO Meet: India invites Pakistan, China

January 25, 2023

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: 

Category: 

RBI’s Digital Payment Index

January 20, 2022

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: 

Category: