RBI Intervenes to Stabilize Rupee Amid Depreciation Against US Dollar Sub : Eco Sec: External sector RBI’s Intervention: The Reserve Bank of India (RBI) stepped in to prevent further depreciation of the Indian rupee, which recently closed at a record low of 84.11 against the US dollar on November 4, 2024. This intervention […]
Villagers in A.P. boycott meeting over uranium exploration Sub : Geo Sec: Eco Geo Context: Farmers and villagers from Kappatralla and nearby areas in Devanakonda mandal boycotted a government meeting intended to discuss uranium exploration in the local forest area. They demanded the government halt the proposed uranium exploration in the Kappatralla reserve […]
Why is the Reserve bank bringing back its gold assets to India? Sub: Eco Sec: External Sector RBI’s Gold Repatriation: The Reserve Bank of India (RBI) has repatriated nearly 130 metric tonnes of gold held at the Bank of England over the last two and a half years. Gold brought back from overseas […]
On the growth track: What Australian varsity study says about impact of India’s Dedicated Freight Corridors sub :Eco sec : Infrastructure Context: A recent study by Australia’s University of New South Wales highlights the positive impact of Dedicated Freight Corridors (DFCs) on India’s economy and the Indian Railways’ revenue. Study and findings: The […]
Electronic, aircraft parts: Most Indian firms on list supplied dual-use goods Sub: Eco Sec: External sector Context: Recently, the United States sanctioned 19 Indian companies and two Indian nationals for allegedly aiding Russia’s military efforts in Ukraine. Earlier this year, US officials had warned Indian companies about the risks of supplying dual-use goods […]