07 February, 2021
4 Min Read
The Central Bank of Sri Lanka (CBSL) settled a $400 million currency swap facility from the Reserve Bank (RBI) of India.
What is a Currency Swap Facility?
Benefits of Currency Swap facility:
Coal: Dominant energy source in India Despite efforts to transition to renewable energy, coal will continue to be India's dominant energy source. What is the country's current energy capacity? According to Climate Action Tracker projections, fossil fuel accounts for more than half of the country's installed energy capa
Norms to Prevent False Online Reviews The Department of Consumer Affairs recently announced new regulations to protect consumers from "false and misleading reviews." It is part of the Bureau of Indian Standards norms, which will go into effect on November 25. Important Guidelines: E-commerce platforms will be required t
Development of Great Nicobar The Ministry of Environment, Forests, and Climate Change recently approved an ambitious Rs 72,000 crore development project on the strategically important Great Nicobar Island. Over the next 30 years, the project will be implemented in three phases. About the proposal A greenfield city with an Interna
The Country's First Suicide Prevention Policy Ministry of Health and Family Welfare recently announced the "National Suicide Prevention Strategy." It is the country's first of its kind, with time-bound action plans and cross-sector collaborations aimed at reducing suicide mortality by 10% by 2030. The strategy is consist
Non-performing assets According to RBI data, the mega write-off exercise has enabled banks to reduce their non-performing assets (NPAs) or defaulted loans by Rs 10,09,510 crore ($123.86 billion) over the last five years. However, banks have only been able to recover 13% of it so far. Concerning the news This massive write-off wou
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