Currency Swap Agreement between India & Sri Lanka (Economy)
India - Sri Lanka - need to reset ties- (International Relations)
Anti - Defection - Revision (Polity)
Permanent commissioning of Women in Army - Revision - (Social Issues)
Question for the day (Economy)
[{"explanation": "<ul>\n<li>The dollars availed under currency swap agreement would act as second line of defence after the Forex Reserves to deal with the volatility.</li>\n<li>Reduce the speculation in the forex market and provide stability to the exchange rate.</li>\n</ul>", "question": "<p>Which of the following is/are the possible benefits of Currency Swap agreement?</p>\n<ol>\n<li>It acts as a line of defence against exchange rate volatility.</li>\n<li>It helps in reducing speculation in the forex market.</li>\n</ol>\n<p>Select the correct answer using the code given below:</p>", "options": [{"option_id": "5f1c47717737d40d796b4153", "is_correct_answer": false, "title": "<p>1 only</p>"}, {"option_id": "5f1c47717737d40d796b4154", "is_correct_answer": false, "title": "<p>2 only</p>"}, {"option_id": "5f1c47717737d40d796b4155", "is_correct_answer": true, "title": "<p>Both 1 and 2</p>"}, {"option_id": "5f1c47717737d40d796b4156", "is_correct_answer": false, "title": "<p>Neither 1 nor 2</p>"}], "question_id": "5f1c47717737d40d796b4152"}, {"explanation": "<p><strong>Important Highlights of </strong><strong>Kihoto Hollohan v Zachilhu and others</strong></p>\n<ul>\n<li>The constitutionality of the Anti-Defection Law has been upheld by the Supreme Court by 3:2 majority.</li>\n<li>The Court ruled that Speaker/Chairman while deciding cases of anti-defection acts as a Tribunal and accordingly the decision of Speaker/Chairman is subject to judicial review.</li>\n</ul>", "question": "<p>Kihoto Holohan case is related to which of the following?</p>", "options": [{"option_id": "5f1c47b37737d40d796b415a", "is_correct_answer": false, "title": "<p>Panchayati Raj institution</p>"}, {"option_id": "5f1c47b37737d40d796b415b", "is_correct_answer": false, "title": "<p>Centre – State relations</p>"}, {"option_id": "5f1c47b37737d40d796b415c", "is_correct_answer": false, "title": "<p>Governor’s Rule</p>"}, {"option_id": "5f1c47b37737d40d796b415d", "is_correct_answer": true, "title": "<p>Anti-defection law</p>"}], "question_id": "5f1c47b37737d40d796b4159"}, {"explanation": "<p>It is an inclusive platform for all G20 countries, interested non-G20 countries and relevant stakeholders to carry forward work on financial inclusion, including implementation of G20 Financial Inclusion Action Plan, endorsed at the G20 Summit in Seoul (2010).</p>", "question": "<p>GLOBAL PARTNERSHIP FOR FINANCIAL INCLUSION (GPFI) is an initiative of which of the following?</p>", "options": [{"option_id": "5f1c47d47737d40dc863f852", "is_correct_answer": false, "title": "<p>World bank</p>"}, {"option_id": "5f1c47d47737d40dc863f853", "is_correct_answer": false, "title": "<p>UN Development program</p>"}, {"option_id": "5f1c47d47737d40dc863f854", "is_correct_answer": true, "title": "<p>G 20</p>"}, {"option_id": "5f1c47d47737d40dc863f855", "is_correct_answer": false, "title": "<p>G 7</p>"}], "question_id": "5f1c47d47737d40dc863f851"}, {"explanation": "<p>GLOBAL GENDER NORMS INDEX</p>\n<ul>\n<li>Released by UNDP in Human Development Report</li>\n<li>It measures how social beliefs obstruct gender equality.</li>\n<li>It captures four dimensions: Political, Economic,</li>\n</ul>\n<p>Educational and Physical Integrity.</p>\n<ul>\n<li>It is a survey of gender based attitudes.</li>\n</ul>", "question": "<p>Global gender Norms index is released by which of the following?</p>", "options": [{"option_id": "5f1c47f27737d40dc5099c42", "is_correct_answer": false, "title": "<p>World bank</p>"}, {"option_id": "5f1c47f27737d40dc5099c43", "is_correct_answer": true, "title": "<p>UN Development program</p>"}, {"option_id": "5f1c47f27737d40dc5099c44", "is_correct_answer": false, "title": "<p>World Economic Forum</p>"}, {"option_id": "5f1c47f27737d40dc5099c45", "is_correct_answer": false, "title": "<p>IMF</p>"}], "question_id": "5f1c47f27737d40dc5099c41"}]
RBI signs $400 mn currency swap facility for Sri Lanka
Amidst declining foreign exchange reserves in Sri Lanka, the Reserve Bank of India has agreed to provide for $400 million currency swap facility for Sri Lanka.
Proposed Dollar Swap Line
How would it benefit India?
Currency Swap Agreement with Sri Lanka
Staying away from political thickets + Judicial Independence
The political crisis in Rajasthan has raised some fundamental constitutional questions relating to anti-defection law, separation of powers and system of checks and balances in Indian constitutions.
What has happened so far?
Supreme Court & High Court as Constitutional Courts
Speaker of Legislative Assembly vis-à-vis High Court)
Summary
India, Sri Lanka seek to reset ties in the time of polls and pandemic
Amidst changing geopolitics around the world and flaring up of border tensions in the subcontinent, India and Sri lanka have sought to reset bilateral ties, something the two sides have been actively pushing for ever since the Rajapakshas have come back to power in the Presidential elections held in November last year.
India - Sri - Lanka relations - Need for a reset
Regional Security
Cooperation in health sector
Arms and the women
In line with the Supreme Court’s order in February this year the Ministry of Defence has granted permanent commission to women officers serving in the Indian Army.
I am confused. How exactly is this currency swap helping? we gave money to the other country in our currency and they the same amount to us in their currency and after the fixed time we return that currency n they return ours. So what exactly are we trying to do?
Answering Aslesha Agarwal's question: It maintains some fixed forex reserves for a certain period of time. Our Rupee value vis a vis $ depends on the availability of the dollars in our hands. Means lesser the $ with us lesser our currency value. So, if we maintain a certain amount of forex reserves for a period, it makes rupee stronger for that period and also helps in avoiding further fall of rupee value.
Ashlesha Aggarwal 1 week ago
MRITUNJAY RAI 1 week ago
j n murthy 1 week ago
So, if we maintain a certain amount of forex reserves for a period, it makes rupee stronger for that period and also helps in avoiding further fall of rupee value.