What will be the impact of euro-dollar parity? Subject: Economy Section: External Sector It means one dollar could buy one euro in the foreign exchange market. For over two decades, it took more than one U.S. dollar to purchase one euro. Just a year ago it took about 1.2 U.S. dollars to purchase […]
Centre intervening to cushion Re slide and boost dollar inflows Subject: Economy Section: External Sector Context: The US dollar has strengthened not only against the Indian rupee but against many other major currencies, an official said, adding that this year the rupee has strengthened against the Euro, the Japanese yen and the British […]
G 20 Finance Track and Public Goods Subject: Economy Section: External Sector Context: Finance minister Nirmala Sitharaman on Friday impressed upon the World Trade Organisation (WTO) to permit India to ship out grains from its official granaries to help nations that are facing a food crisis. Details: At a seminar on ‘Strengthening global […]
NHAI back to build-operate-transfer model Subject: Economy Context: After Funding highway projects through public money for a better part of the last decade, the National Highways Authority of India (NHAI) is set to return to funding through private investments and plans to offer at least two highway upgradation projects to private players using […]
Production of vegetables to go up Subject: Economy Section: Agriculture Context: According to the second advanced estimates of area and production of various horticultural crops released by the Union Agriculture Ministry, the total horticulture production in 2021-22 is estimated to be 341.63 million tonnes (MT), an increase of about 7.03 MT or 21% […]
Euro- Dollar Parity Subject: Economy Why in the news? The rupee reached a new low –79.88 against the US dollar with the steep rise in US inflation. Details: US annual consumer prices were 9.1 per cent in June, the highest in four decades, leading to the speculation that the US Federal Reserve will […]
Embedded value Subject: Economy Why in the news? Shares of Life Insurance Corporation of India (LIC) gained about a per cent on the BSE after the insurance giant on Thursday reported the Indian Embedded Value (IEV) rise. Concept: The Embedded Value (EV): Embedded value is the sum of the net asset value and […]
Gold price falling Subject: Economy Why in the news? International gold prices have declined, having fallen more than 12 per cent over the last three months. Cause of decline in gold price: Monetary Policy tightening by Central Banks Due to the spike in inflation and rise in interest rate especially by the US […]