The Reserve Bank of India has successfully concluded a forex swap auction intended to ease liquidity conditions.The central bank bought the targeted $5 billion as part of the long term Dollar/Rupee swap auction with a three-year tenor.In turn, Rs 34,561 crore was infused into the Indian banking system. Recently,RBI has decided to inject long-term liquidity… Continue reading RBI receives aggressive bids, infuses ₹34,500 cr. liquidity
Author: ForumIAS
Shift to formal trade slower than expected
According to a recent report,Goods and Services Tax (GST) which was introduced in 2017 has seen the Indirect tax collections increased.However, shift in trade towards a formal economy has been slower than expected. The report also said that under GST regime,the manufacturing sector witnessed an increase in working capital requirements while the services sector has… Continue reading Shift to formal trade slower than expected
U.S. upset as Russian planes land in Venezuela
The Russian foreign ministry has said that two planes consists of Russian specialists has landed in Venezuela.The presence of Russian specialists in Venezuela is governed by a military-technical cooperation agreement between the two countries that was signed in 2001. Russia has long been an ally of Venezuela,and has provided military and economic support.Russia has also… Continue reading U.S. upset as Russian planes land in Venezuela
Tamil Nadu sees highest seizure ahead of polls
Election Commission has seized cash,liquor and freebies of nearly Rs 540 crores within two weeks of the implementation of the model code of conduct. Tamil Nadu recorded the maximum seizure of these illegal inducements, suspected to have been routed and used to bribe voters followed by Uttar Pradesh,Andhra Pradesh and Punjab. The EC has deployed… Continue reading Tamil Nadu sees highest seizure ahead of polls
SC to hear plea to stay poll bonds on April 2
The Supreme Court has decided that it will hear on April 2 the petitions which have challenged the issuance of electoral bonds by the government. The petitioners have challenged the electoral bond scheme on the grounds that it (a)keeps the identity of the donor absolutely confidential (b)would enable corporate houses to anonymously donate their unaccounted… Continue reading SC to hear plea to stay poll bonds on April 2
Young Scientist Programme (Yuvika) – Online Registration
Indian Space Research Organisation has started the online registration process for Young Scientist programme.This program is also called asYUva VIgyani KAryakram(YUVIKA). The Young Scientist Program is primarily aimed at imparting basic knowledge on Space Technology,Space Science and Space Applications to the younger ones with the intent of arousing their interest in the emerging areas of… Continue reading Young Scientist Programme (Yuvika) – Online Registration
Japan gives UN World Food Programme $69m
Japan has donated $69 million to the United Nations World Food Programme to provide vital aid to 28 countries in the Middle East, Africa, and Asia, with the biggest share of the money being earmarked for Yemen and Iraq.Japan is one of WFP’s top donors and has contributed $958 million to the UN agency since… Continue reading Japan gives UN World Food Programme $69m
Indian Navy’s maiden nuclear, biological and chemical training facility inaugurated in Lonavla
Chief of Naval Staff inaugurated the nuclear,biological and chemical training facility(NBCTF) ‘Abhedya’ at INS Shivaji in Lonavala, Maharashtra.This facility has been built by Goa Shipyard Limited. The word “Abhedya” means ‘impenetrable’.It symbolises the protective cover that is provided on naval ships fitted with nuclear,biological and chemical detection and protection systems. This training facility will assist… Continue reading Indian Navy’s maiden nuclear, biological and chemical training facility inaugurated in Lonavla
Pakistan okays plan to open Sharda Peeth corridor for Hindu pilgrims in PoK
Pakistan Government has approved proposal to establish Sharda Peeth corridor that will allow Hindu pilgrims especially Kashmiri Pandits from India to visit the Sharda Peeth,an ancient Hindu temple and cultural site in Pakistan-occupied Kashmir. The Sharda Peeth corridor when opened will be the second religious tract after Kartarpur corridor in Pakistan-controlled territory that will connect… Continue reading Pakistan okays plan to open Sharda Peeth corridor for Hindu pilgrims in PoK
VVIP chopper deal case: ED arrests another accused Sushen Mohan Gupta
The Enforcement Directorate (ED) has arrested a defence agent in the Rs 3,600-crore AgustaWestland VVIP choppers deal case.He was arrested by ED under the Prevention of Money Laundering Act (PMLA). In 1999,Indian Air Force had floated a proposal for acquisition of 12 VVIP helicopters to ferry top government functionaries.In 2010,the deal was granted to AgustaWestland.… Continue reading VVIP chopper deal case: ED arrests another accused Sushen Mohan Gupta
