Revised Currency Swap Framework For SAARC: The Reserve Bank of India (RBI), has decided to put in place a revised framework for currency swap arrangements for SAARC (South Asian Association for Regional Cooperation) countries for the period 2024 to 2027. A currency swap agreement between two countries is a contract to exchange currencies with predetermined […]
Glucagon Manufacturing In PLI Scheme
Glucagon Manufacturing In PLI Scheme: The government decided to manufacture a Glucagon-like peptide receptor agonist (GLP-1RA) drug in India under the Production Linked Incentive (PLI) scheme from 2026. GLP-1RA is a class of anti-diabetic drugs which are also used for weight loss. Apart from GLP-1RA, investors are planning to make other drugs like Ozempic (for […]
Banking Current Affairs : 2nd July 2024
Today’s Current Affairs: 2nd July 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc National Doctor’s Day 2024: National Doctor’s Day, observed annually on July 1st in India, is a day to celebrate and express gratitude towards the country’s medical professionals. It’s a day to acknowledge their commitment, dedication, and tireless […]
Daily Current Affairs for UPSC IAS: 1st July 2024
Today’s Current Affairs: 1st July 2024 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
India’s Forex Reserves : Update
India’s Forex Reserves : Update India’s forex kitty jumps by USD 816 mln to USD 653.71 bln India’s forex reserves witnessed an increase of USD 816 million, reaching USD 653.711 billion for the week ending June 21, according to the Reserve Bank of India (RBI). Components of Forex Reserves: Foreign Currency Assets (FCA): it is […]
Mutual Evaluation Report Of India
Mutual Evaluation Report Of India: The Mutual Evaluation Report of India, adopted at the FATF plenary in Singapore from June 26 to 28, places India in the “regular follow-up” category, a status shared by only four other G-20 countries. This distinction highlights India’s significant progress in combating money laundering (ML) and terrorist financing (TF). Financial […]
Joint Sitting Of Parliament And Leader Of House
Joint Sitting Of Parliament And Leader Of House: The President of India recently addressed the joint sitting of both houses of Parliament. It was the first time he addressed the newly elected 18th Loksabha. A joint sitting involves both houses of Parliament (Lok Sabha and Rajya Sabha) meeting together. There are two main types of […]
International North-South Transport Corridor (INSTC)
International North-South Transport Corridor (INSTC): Russia has sent two trains carrying coal to India through the International North-South Transport Corridor (INSTC) for the first time. The consignment will travel over 7,200km from St. Petersburg, Russia to Mumbai port via Bandar Abbas port of Iran. International North-South Transport Corridor (INSTC) is a 7,200-kilometer Multimode Transit Route […]
National Statistics Day 2024 : Theme
National Statistics Day 2024: Theme National Statistics Day is celebrated in India on June 29 every year. National Statistics Day is celebrated in recognition of the notable contributions made by Professor (late) Prasanta Chandra Mahalanobis in the fields of statistics and economic planning. The main objective of celebrating Statistics Day is the creation of public […]
Interest Equalisation Scheme
Interest Equalisation Scheme: The Department of Commerce has extended the Interest Equalisation Scheme for pre- and post-shipment rupee export credit for Micro, Small and Medium-scale (MSME) exporters till August 31. Interest Equalisation Scheme was first implemented on 1st April 2015, to provide pre- and post-shipment export credit to exporters in rupees. It was initially valid […]
