Forex Reserves of India are rising

The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of 493 billion USD. What is Foreign Exchange Reserve? The Foreign Exchange Reserves are the reserve assets that are held by the central bank in foreign currencies. It ..

Month: Current Affairs - June, 2020

Category: International Current Affairs

Topics: FDI • FDI Policy • Foreign Direct Investment (FDI) • Foreign exchange reserves • Foreign Portfolio Investment • Forex Reserves • IMF • Special drawing rights

Portal GARUD launched by DGCA

The Directorate General of Civil Aviation (DGCA) operating under Ministry of Civil Aviation launched “GARUD” Portal. GARUD is Government Authorisation for Relief Using Drones. Highlights The GARUD portal will assist state entities to obtain exemptions from central government to operate drones for COVID-19 purposes. The portal is important as several state entities are deploying drones ..

Month: Current Affairs - May, 2020

Category: India Nation & States Current Affairs

Topics: COVID-19 • DGCA • Drones • Fitch Ratings • GARUD portal • Growth rate • IMF • Smart Cities Mission • smart cities scheme • Startup • World Bank

India seeks help from IMF and World Bank to fill data gaps

The Government of India has approached multilateral organizations such as World Bank and International Monetary Fund (IMF) to find out methods that will help in preparing economic indicators such as retail inflation, industrial production and economic growth. Highlights In today’s world Data Inadequacy has become a global phenomenon. Hence, the Ministry of Statistics and Programme ..

Month: Current Affairs - April, 2020

Category: India Nation & States Current Affairs

Topics: Consumer Price Index (CPI) • COVID-19 • GDP • IMF • National Statistical Office (NSO) • Union Ministry of Statistics and Programme Implementation • World Bank

Fifteenth Finance Commission to assess impacts of COVID-19

The Economic Advisory Council of the Fifteenth Finance Commission is to meet on April 23 and 24, 2020. The council is to discuss the impacts of COVID-19. Highlights A two-day meeting is to be held through video conference. The experts will discuss about macro variables over time. The agenda of the meet also includes public ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Advisory Council • COVID-19 • Economic growth • Fifteenth Finance Commission • Fitch Ratings • GDP • Growth rate • IMF • Moody's • World Bank

India attends Development Committee Meeting of IMF-World Bank

On April 17, 2020, India attended the Development Committee meeting of World Bank-International Monetary Fund. India was represented by the Finance Minister Smt Nirmala Sitaraman. Highlights India participated in the 101st meeting of the development committee that was held through video conference. The experts that attended the meet discussed response to COVID-19 emergency and COVID-19 ..

Month: Current Affairs - April, 2020

Category: International Current Affairs

Topics: COVID-19 • Debt • developing countries • IMF • India-IMF • india-world bank • International Development Association • nirmala sitaraman • World Bank