What are currency swap arrangements? In the swap arrangement, a country provides dollars to a foreign central bank, which, at the same time, provides the equivalent funds in its currency to the former, based on the market exchange rate at …
What is NPA? A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Banks classify NPAs further into Substandard, Doubtful and Loss assets. Substandard assets: …
About UNSC The United Nations Security Council (UNSC) was established in 1946 as one of the six principal organs of the UN. It is generally viewed as the apex of the UN system. It is responsible for the maintenance of …
Context: Innovations in managing the COVID-19 pandemic can help India revolutionise care delivery and related outcomes. Dharavi’s success strategy: Mumbai, Delhi, Chennai, Ahmedabad and Bengaluru are among India’s major metropolitan agglomerations and are also the current foci of the pandemic …
Context: In this article the author highlights the pros and cons of Privatising railways and the need to weigh both carefully. What does Privatisation mean? The transfer of ownership, property or business from the government to the private sector is …
Background: The induction of women officers in the Army started in 1992. Recruits under the Women Special Entry Scheme (WSES) had a shorter pre-commission training period than their male counterparts who were commissioned under the Short Service Commission (SSC) scheme. …
SARS-CoV-2 Severe Acute Respiratory Syndrome Corona virus 2 (SARS-CoV-2) is the virus causing the corona virus disease (COVID-19). It is the successor of SARS-CoV-1 which appeared in 2002. It was first named in February 2020. It has a spike protein …
Why in News? China successfully launched its first Mars probe- Tianwen-1- recently atop the Long March-5 rocket from the Wenchang Spacecraft Launch Site on the coast of southern China’s island province of Hainan. About China’s first Mars mission Tianwen-1 or …
What’s in the news? In a move that will mainly affect entities from China, the government has amended the General Financial Rules, 2017, imposing restrictions on public procurement from bidders of countries that share a land border with India, citing …