Sri Lanka’s economic crisis – Impact on India
Theme:- Sri Lanka is facing the worst economic crisis since its independence in 1948. The overall inflation reached an all-time high of 29.80% in April 2022.
- The covid pandemic has pushed many
Internationalization of the Rupee
Theme:- Several countries are pushing for de-dollarization to reduce the dependence on the U.S. dollar for cross-border transactions. So, this presents an opportunity to push for the internationalization of the Rupee.
- Currency internationalization is the extensive
ABG shipyard scam – India’s biggest bank fraud
What is the ABG shipyard scam:- In February 2022, the Central Bureau of Investigation (CBI) filed a case against ABG Shipyard Ltd for cheating a consortium of 28 banks including the State Bank of India (SBI), IDBI and ICICI. The
SWIFT
Theme:- Russia’s invasion of Ukraine resulted in several sanctions on Russia, which includes its partial ban from SWIFT.
- SWIFT (Society for Worldwide Interbank Financial Telecommunication) provides a secure financial messaging system for international payments. For example, if a person
Impact of 5G on Global economy
What is 5G:- 5G is the fifth-generation mobile network. It has the potential to be 100 times faster than its predecessor 4G. Latency (delay) can drop to under 1 ms, while 4G latency ranges from 60 ms to 98 ms.
