Topic: 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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
