RBI and Maldives Monetary Authority Sign $400 Million Currency Swap Agreement: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed a currency swap agreement under the SAARC Currency Swap Framework for 2024-2027. This agreement allows the Maldives to access up to $400 million under the US Dollar/Euro Swap Window and […]
Month: October 2024
India and Maldives Boost Ties with $750 Million Currency Swap Deal
India and Maldives Boost Ties with $750 Million Currency Swap Deal: India has extended significant financial aid to the Maldives by signing a $750 million currency swap agreement to ease the country’s foreign exchange crisis. This includes a $400 million swap and an additional ₹3,000 crore ($357 million) under the SAARC Currency Swap Framework, available […]
RBI Deputy Governor M. Rajeshwar Rao’s Tenure Extended for One Year
RBI Deputy Governor M. Rajeshwar Rao’s Tenure Extended for One Year: The government has approved a one-year extension for M. Rajeshwar Rao as Deputy Governor of the Reserve Bank of India (RBI), effective October 9, 2024. This decision was made by the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, following […]
Daily Current Affairs for UPSC IAS: 7th October 2024
Today’s Current Affairs: 7th October 2024 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
National Health Account Estimates
National Health Account Estimates: The Union Ministry of Health and Family Welfare recently released the National Health Account (NHA) estimates for the fiscal years 2020-21 and 2021-22. These reports are the eighth and ninth editions of the NHA series, which provides a comprehensive view of the country’s healthcare expenditure. Key Findings of National Health Account […]
Naxalism : In News
Naxalism : In News Recently security forces in Chhattisgarh’s Bastar region engaged in a significant gunfight with Naxalites, resulting in the death of 28 insurgents. This marks one of the highest casualty tolls in recent anti-Naxal operations. The Naxalite movement began in 1967 in Naxalbari village, West Bengal, when peasants led an uprising against local […]
Co-District : Assam
Co-District : Assam Assam has become the first state in India to implement a new administrative structure known as Co-Districts, aimed at improving governance and accessibility of public services. The inaugural phase will take place on October 4 and 5, 2024, when 39 Co-Districts will be officially launched. Co-districts are smaller administrative units under Assam’s […]
Supreme Court Ruling On ITC
Supreme Court Ruling On ITC: The Supreme Court laid down functionality and essentially test for Input Tax Credit (ITC) eligibility under the Goods and Services Tax (GST) regime. The verdict was delivered in the Chief Commissioner of Central Goods and Service Tax & Ors. Vs Safari Retreats Case, 2024. The Supreme Court (SC) ruled that […]
Eco-mark Scheme : Revised
Eco-mark Scheme : Revised The Ecomark Scheme was introduced to promote eco-friendly products in alignment with the ‘LiFE’ (Lifestyle for Environment) mission initiated in 2021. The revised scheme, notified in 2024, replaces the earlier 1991 version, and focuses on reducing environmental impacts, promoting resource efficiency, and encouraging sustainable production and consumption. Accreditation of products based […]
Visakhapatnam’s Pillboxes
Visakhapatnam’s Pillboxes: Due to the monsoon, Visakhapatnam’s beaches have shifted, revealing World War II pillboxes that were buried in the sand, offering a look into the city’s forgotten maritime history The pillboxes, constructed during the height of World War II, were part of a strategic defense network to safeguard Visakhapatnam’s shores from potential enemy invasions. […]
