Foreign exchange Current Affairs, GK & News

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 criteria used by the report to review the trading partners of US are as follows: ..

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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 it believes that the country is engaging in unfair trade practices. According to the US, ..

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First Time India’s Forex Reserves crosses USD 450 billion

India’s foreign exchange reserves have crossed the USD 450 billion mark for the first time on 3rd December 2019. The Reserve Bank of India Governor, Shaktikant Das in a press conference informed that the foreign exchange reserves hit a new high on 3rd December 2019 were at USD 451.7 billion. This financial year the foreign ..

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Short Note : E-Visa Scheme

The Union Government of India initiated the e-Visa scheme in 2014 to enable a prospective foreign tourist/visitor to apply for an Indian Visa from his/her home country online without visiting the Indian Mission and also pay the visa fee online. Features of the E-Visa Scheme- The e-Visa has been sub-divided into 5 categories for tourism(e-tourist ..

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Short Note : Economic Crisis in Pakistan

The International Monetary Fund (IMF) has stated that the nation of Pakistan is facing significant economic challenge. These challenges are due to the lack-lustre growth exhibited by the markets of Pakistan. What is happening in Pakistan? As per the IMF figures, the real GDP growth in Pakistan over the past few years has been only ..

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