What is UNEP?
The United Nations Environment Programme (UNEP) is a program that is tasked with coordinating responses to environmental issues within the... View Article
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Where does the green climate Fund money come from?
The money for the Green Climate Fund comes from pledges made by member nations. As of 31 July 2020, the... View Article
Who is the trustee of the Green Climate Fund?
The World Bank was confirmed as a trustee of the Green Climate Fund in 2018 for a renewable four-year period... View Article
What does the Green Climate Fund do?
The Green Climate helps in providing assistance to developing countries as in adapting to and mitigating the effects of climate... View Article
Who governs the Green Climate Fund?
The Green Climate Fund is governed by a board of representatives from 24 countries while receiving guidance from the COnference... View Article
What is a bad bank concept?
The ‘Bad Bank’ will be a 2 tiered structure. In tier-1, there will be an Asset Reconstruction Company (ARC) backed... View Article
What is TBS in banking?
TBS in banking refers to the twin banking sheet problem.This problem arises due to the existence of non performing assets... View Article
How to solve a twin balance sheet problem?
The Government used a two-pronged strategy to solve the twin balance sheet problem. They are recapitalisation of banks to increase... View Article
What is the twin balance sheet problem?
The stress on the balance sheets of the banks due to heavily indebted corporates on one hand, and bad loans... View Article
What is the reason for the depreciation of the rupee against the dollar?
Some of the reasons behind depreciation of rupee against the dollar are rise in crude oil prices, monetary policies of... View Article
How does rupee depreciation cause inflation?
Depreciation reduces the value of a country’s currency when compared with the currency of other countries. Depreciation discourages imports because... View Article
Is devaluation the same as depreciation?
No, the devaluation of currency is not the same as depreciation. Reduction of the value of currency in floating exchange... View Article
Does devaluation increase exports?
Yes, devaluation helps in boosting exports because the goods become relatively cheaper for foreign consumers as the value of domestic... View Article
How do you stop currency devaluation?
To avoid frequent rounds of devaluation by nations and retaliatory action of devaluation by competing nations, various international organisations like... View Article
How is devaluation done?
When devaluation of currency is done, the monetary authority formally sets a lower exchange rate of the national currency. Devaluation... View Article
Why did India devalue its currency in 1966?
India devalued its currency on 6th June, 1966 as independent India faced its first balance of payment crisis. India was... View Article
What happens when a currency is devalued?
When the currency is devalued, imports get discouraged because imported goods get more expensive for domestic consumers. When the currency... View Article
Why is the year 1991 so crucial in the recent history of India?
In 1991, the Indian economy was facing an economic crisis due to the balance of payment issue. The Indian Government... View Article
Who is the current chairman of the National Human Rights Commission?
Arun Kumar Mishra is the current chairman of the National Human Rights Commission. He is the former judge of the... View Article
What is linguistic minority?
The term Minority is not defined in the Indian Constitution. However, the Constitution recognises only religious and linguistic minorities. The... View Article
