Topic: Currency swap
India considers currency swap of another $1.1 bn with Sri Lanka, no timeline decided
RBI has already finalised an agreement to extend a $400 million currency swap facility to Sri Lanka, but its President Gotabaya has asked for $1.1 billion more.
Rupee’s advance seems to be causing some discomfort for RBI
The central bank has announced plans to hold a $5 billion foreign-exchange swap auction for a three-year tenor.
How India stands to gain from the $75 billion currency swap deal with Japan
The agreement was signed during PM Modi’s visit to Japan. Finance minister Arun Jaitley said it reflected the “depth of our deeper economic relationship”.
On Camera
YourTurn
Studies show being an optimist is linked to a longer life. But it’s not as simple
Research shows optimism can change over time, and can be cultivated by engaging in simple exercises.
Does breaking up big states boost economy? Data doesn’t back up hype, says Indian study
The study by researchers at Indira Gandhi Institute of Development Research looked at economic impact of reorganising Uttar Pradesh, Madhya Pradesh, and Bihar in the year 2000.
Defence
Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.
With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.