Settlement of international trade in rupees Subject: Economy Context: In a circular issued to commercial banks on Monday, the RBI said all exports and imports under this arrangement may be denominated and invoiced in rupee (INR). Cause: Currency depreciation- increasing pressure on the Indian currency in the wake of Russia’s invasion of Ukraine […]

    Daily Prelims Notes 12 July 2022 Table OF Contents Settlement of international trade in rupees The Financial Stability Board (FSB) and crypto-assets Parliamentary Consultative Committee SC sentences Mallya to four months in jail Pressing need for law in India to streamline grant of bails, says SC Reading UN population report Interpol’s ICSE initiative […]

    Daily Practice Sheet 12 July 2022   Daily Prelims Topics Settlement of international trade in rupees. The Financial Stability Board (FSB) and crypto-assets Parliamentary Consultative Committee SC sentences Mallya to four months in jail Pressing need for law in India to streamline grant of bails, says SC Reading UN population report Interpol’s ICSE […]