US Dollar Current Affairs, GK & News

India’s Holdings of US Government Securities Reached Record High

In February, India’s holdings of US government securities reached 177.5 billion USD- an increase of 33.2 billion USD in one year. Top Countries Holding US Government Securities The US Treasury Department had released data on foreign holdings of its government securities on a country-wise basis. Japan is the largest holder of its securities (1.268 trillion USD). ..

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RBI and Finance Ministry to meet to decide on First Half Borrowing Plan

The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is to be held through video conferencing. The Plan According to the Union Budget 2020-21, the ..

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Currency Swap Agreement Framework revised For SAARC

The Reserve Bank of India (RBI) has decided to further economic cooperations within the South Asian Association for Regional Cooperation (SAARC) member countries, the framework on currency swap agreement has been revised on Tuesday, November 26, 2019. The currency swap facility for the SAARC member countries came into effect on 15th November 2012. The current ..

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How India can be a USD 5 trillion economy?

While Prime Minister Narendra Modi has promised to make India a USD 5 trillion economy by 2025, significant challenges still stand in way of India and its goal. For starters, the Indian economy has a size of USD 2.98 trillion (nominal GDP 2019 estimates). It needs to add 2.02 trillion more to its economic size ..

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Challenges to Global Economy : World Economic Situation and Prospects 2019

The World Economic Situation and Prospects 2019 discusses various challenges before the global economy. The important of them are: Trade Tensions The global trade growth moderated at 3.8 per cent in 2018 against the growth rate of 5.3 per cent in 2017. The stimulus measures and direct subsidies have offset much of the direct economic ..

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