G20 concurs to boost infrastructure investment

In a big advantage to India, the G20 countries agreed to give precedence to investment in infrastructure in developing countries in order to fuel global growth which has been hindered due to the weakening world economy and the Euro zone ..

Month: Current Affairs - June, 2012

1991-like crisis highly improbable: D Subbarao

As per RBI governor D Subbarao, despite high fiscal and current account deficit it is highly improbable that India could witness the replication of the 1991 economic crisis that was caused by similar reasons. As per him factors like floating ..

Month: Current Affairs - June, 2012

G-20 Cannes summit 2011

G-20 is a group of finance ministers and central bank governors from 20 economies which include 19 countries viz. South Africa, Canada, Mexico, United States, Argentina, Brazil, China, Japan, South Korea, India, Indonesia, Saudi Arabia, Russia, Turkey, France, Germany, Italy, ..

Month: Current Affairs - December, 2011

Category: Summits and Conferences

Currency Exchange Rate Oversight Reform Act of 2011

Currency Exchange Rate Oversight Reform Act of 2011 Recently, the US Senate voted to advance a Bill pressuring China to prevent undervaluing its currency. The Senate voted in favour of the proposed Currency Exchange Rate Oversight Reform Act of 2011. ..

Month: Current Affairs - December, 2011

India’s Balance of Trade

India’s balance of trade (BOT) – the difference between the value of its exports and imports – provides important insights into the country’s economic health and global trading relationships. Latest Data and Historical Trends As of September 2022, India’s trade ..

What is Balance of Payments?

Balance of Payments (BOP) is a systematic and summary record of a country’s economic and financial transactions with the rest of the world, over a period of time, say one year. Structure of Balance of Payments The format of the balance ..

Background of India’s Foreign Trade

1. India entered into planned development era in 1950’s and at that time Import Substitution was a major element of India’s trade and industrial policy.2. In 1950 India’s share in the total world trade was 1.78% which reduced to 0.6% ..