Code Context </style>
<?php if(sizeof($quizpole)>0){?>
<h3>Quiz for <?php echo $title; ?></h3>
$viewFile = '/var/www/currentaffairs.studyiq.com/plugins/Studyiq/src/Template/Pages/tagdetails.ctp'
$dataForView = [
'headertags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {},
(int) 6 => object(Cake\ORM\Entity) {},
(int) 7 => object(Cake\ORM\Entity) {},
(int) 8 => object(Cake\ORM\Entity) {},
(int) 9 => object(Cake\ORM\Entity) {},
(int) 10 => object(Cake\ORM\Entity) {},
(int) 11 => object(Cake\ORM\Entity) {},
(int) 12 => object(Cake\ORM\Entity) {},
(int) 13 => object(Cake\ORM\Entity) {}
],
'breadcrumb' => [
(int) 0 => [
'name' => 'Home',
'link' => 'https://currentaffairs.studyiq.com/'
],
(int) 1 => [
'name' => 'Economic Planning',
'link' => 'https://currentaffairs.studyiq.com/tags/economic-planning'
]
],
'previous' => [
(int) 0 => object(Cake\ORM\Entity) {}
],
'next' => [
(int) 0 => object(Cake\ORM\Entity) {}
],
'currentaffairs' => [
(int) 0 => object(Cake\ORM\Entity) {}
],
'customer_id' => '',
'metadescription' => 'Economic Planning, India’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows that enabled the central bank to buy ',
'metakeyword' => 'India’s Forex reserves crosses $450 billion for the first time',
'title' => 'Economic Planning, India’s Forex reserves crosses $450 billion for the first time',
'tagname' => 'Economic Planning',
'sbanners' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {}
],
'params' => [
(int) 0 => 'economic-planning',
(int) 1 => 'india-forex-reserves-crosses-450-billion'
]
]
$headertags = [
(int) 0 => object(Cake\ORM\Entity) {
'id' => (int) 3,
'name' => 'Art & Culture',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'art-culture',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Current Affairs Arts and Cultures Articles | Current Affairs',
'metakeyword' => 'Current Affairs Arts, Cultures Articles, Cultures Current Affairs Articles, Cultures Current Affairs, Current Affairs, Current Affair GK, General Knowledage',
'metadescription' => 'Current Affairs Arts and Cultures Articles complete current affairs details of Arts and cultures with complete depth analysis or full details of all current affair Articles',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 1 => object(Cake\ORM\Entity) {
'id' => (int) 4,
'name' => 'Polity & Governance',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'polity-governance',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Polity Current Affairs | Governance Current Affair | Polity GK',
'metakeyword' => 'Polity Current Affairs, Governance Current Affair, Polity GK, Current Affairs of Polity, Current Affairs of Governance, Current affair Polity',
'metadescription' => 'Polity Current Affairs, Governance Current Affair, and current affairs of Polity and Governance and more get with Study IQ Education Articles and full details',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 2 => object(Cake\ORM\Entity) {
'id' => (int) 5,
'name' => 'International Affairs',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'international-affairs',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'International Affairs | International Current Affairs, GK, News',
'metakeyword' => 'International Affairs, International Current Affairs, International GK, International News, International burning Issues, International Today Affairs, International Current Affair, International current affairs 2019',
'metadescription' => 'International Affairs, International Current Affairs, GK, News, burning issues and all relative information of Internation you can get here for depth knowledge',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 3 => object(Cake\ORM\Entity) {
'id' => (int) 6,
'name' => 'Economy',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'economy',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Economy Current Affairs | Economy Current Affair 2019 | Study IQ',
'metakeyword' => 'Economy Current Affairs, Economy Current Affair, Economy Current Affair 2019, Economy GK news, Economy Affairs, Current Affairs Economy, Current Affair Economy',
'metadescription' => 'Economy Current Affairs, Economy Current Affair 2019 and all the Economy Current Affair, GK, Burning Issues, News, get on study IQ education for exams preparation',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 4 => object(Cake\ORM\Entity) {
'id' => (int) 7,
'name' => 'Banking Awareness',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'banking-awareness',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Banking Awareness Current Affairs, GK, News, Burning Issues',
'metakeyword' => 'Banking Awareness, Current Affairs, Current Affair, bANKING CURRENT AFFAIRS, Current affair of Banking, Current affair of Bank, Current affairs of Bank, BAnk current affairs',
'metadescription' => 'Banking Awareness Current Affairs, GK, News, Burning Issues, and all the latest current affairs of Banking Awareness or Banking for Govt exams preparation',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 5 => object(Cake\ORM\Entity) {
'id' => (int) 8,
'name' => 'Defence & Security',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'defence-security',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Defence Current Affairs | Defence & Security Current Affairs',
'metakeyword' => 'Defence Current Affairs, Current Affairs, Current Affair, Current Affairs of Defence, Security Current Affairs, Security Current Affairs 2019, Security Current Affairs daily, Defence Current Affairs Daily',
'metadescription' => 'Defence Current Affairs, Defence & Security Current Affairs and complete details of Defence & Security current affairs, burning issues of Defence, Defence Today News ',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 6 => object(Cake\ORM\Entity) {
'id' => (int) 9,
'name' => 'Environment',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'environment',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Environment Current Affairs, Current Affairs 2019- Study IQ',
'metakeyword' => 'Environment Current Affairs, Current Affairs Articles, Current Affairs of Environment, Current Affairs Environment',
'metadescription' => 'Environment Current Affairs, Current Affairs 2019, Study IQ provide complete information of Environment Current Affairs, GK, Bunrning Issues, latest news and more',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 7 => object(Cake\ORM\Entity) {
'id' => (int) 10,
'name' => 'Science & Technology',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'science-technology',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Science & Technology Current Affairs | Science Current Affairs',
'metakeyword' => 'Science & Technology Current Affairs, Science & Technology Current Affair, Science Current Affairs, Science Current Affair, Technology Current Affair, Technology Current Affairs',
'metadescription' => 'Science & Technology Current Affairs, Science Current Affairs, Technology today affairs and more relative Science & Technology information get here free',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 8 => object(Cake\ORM\Entity) {
'id' => (int) 11,
'name' => 'Miscellaneous',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'miscellaneous',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Miscellaneous Current Affairs Articles 2019, GK News | Study IQ',
'metakeyword' => 'Current Affairs Articles 2019, Miscellaneous Current Affairs, GK News, Current Affairs Articles',
'metadescription' => 'Current Affairs Articles, Current Affairs GK News analysis, and all topic relative information get here free and online so no need go anywhere that makes time saving ',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 9 => object(Cake\ORM\Entity) {
'id' => (int) 12,
'name' => 'Government Schemes',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'government-schemes',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Government Schemes Current Affairs | Govt Current Affairs StudyIQ',
'metakeyword' => 'Government Schemes Current Affairs, Government Current Affairs, Current Affairs of government, ',
'metadescription' => 'Government Schemes Current Affairs, Government Current Affairs ad all government relative latest information, news, burning issues and more get here',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 10 => object(Cake\ORM\Entity) {
'id' => (int) 13,
'name' => 'Persons in News',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'persons-in-news',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Persons in News | Current Affairs, Awards, Books, Obituaries News',
'metakeyword' => 'Persons in News, Current Affairs, Awards, Books, Obituaries News',
'metadescription' => 'Persons in News, Current Affairs, Awards, Books, Obituaries News, and all the daily current affairs news you will get here with complete information',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 11 => object(Cake\ORM\Entity) {
'id' => (int) 14,
'name' => 'Constitution',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'constitution',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Constitution | Indian Constitution | World Constitution ',
'metakeyword' => 'constitution, Indian Constitution, World Constitution, Country Constitution ',
'metadescription' => 'Get the all the country constitution like Indian constitution, world constitution and more here you can get all the latest information relative to constitution',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 12 => object(Cake\ORM\Entity) {
'id' => (int) 15,
'name' => 'Biodiversity',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'biodiversity',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Biodiversity | ??? ??????? | Biodiversity Current affairs',
'metakeyword' => 'Biodiversity, ??? ???????, Biodiversity Current affairs',
'metadescription' => 'Biodiversity, ??? ???????, Biodiversity Current affairs, Get the latest Biodiversity information with us where you get all the latest information about Biodiversity',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 13 => object(Cake\ORM\Entity) {
'id' => (int) 16,
'name' => 'Ecology',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'ecology',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Ecology Topic Wise Current afairs | Ecology Current Affairs ',
'metakeyword' => 'Ecology Current Affairs, Ecology Current Affairs 2021, Best Ecology Current Affairs, ecology topic wise current affairs, ecology',
'metadescription' => 'Best Ecology Current affairs - Get the ecology topic current affairs for all the govt exams preparation with best studyiq faculties and also get free ecology topic pdf on daily basis ',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
}
]
$breadcrumb = [
(int) 0 => [
'name' => 'Home',
'link' => 'https://currentaffairs.studyiq.com/'
],
(int) 1 => [
'name' => 'Economic Planning',
'link' => 'https://currentaffairs.studyiq.com/tags/economic-planning'
]
]
$previous = [
(int) 0 => object(Cake\ORM\Entity) {
'tags' => 'Economic Planning',
'keyword' => 'economic-planning',
'title' => 'Forex reserves soar despite negative GDP growth',
'posturl' => 'forex-reserves-soar-despite-negative-gdp-growth',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'currentaffairs'
}
]
$next = [
(int) 0 => object(Cake\ORM\Entity) {
'tags' => 'Economic Planning',
'keyword' => 'economic-planning',
'title' => 'Recommendations of Anoop Satpathy Committee on National Minimum Wage',
'posturl' => 'anoop-satpathy-committee-national-minimum-wage',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'currentaffairs'
}
]
$currentaffairs = [
(int) 0 => object(Cake\ORM\Entity) {
'tag' => 'Economic Planning',
'keyword' => 'economic-planning',
'id' => (int) 2996,
'title' => 'India’s Forex reserves crosses $450 billion for the first time',
'description' => '<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Issue</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">India’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows that enabled the central bank to buy dollars from the market.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">At $451.7 billion, the country’s import cover is now over 11 months. The rise in foreign exchange reserves will give the central bank the power to act against any sharp depreciation of the rupee.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Net foreign direct investment rose to $20.9 billion in the first half of 2019-20 from $17 billion a year ago while net foreign portfolio investment was $8.8 billion in April-November 2019 as against net outflows of $14.9 billion in the same period last year.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">During the taper tantrums of 2013, India’s foreign exchange reserves fell to $274.8 billion in September of 2013, prompting the Centre and RBI to unleash measures to attract inflows.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">India’s foreign exchange reserves had fallen to $274.8 billion in September of 2013, prompting the Centre and RBI to unleash measures to attract inflows. It has been a steady rise for the reserves since then, with $175 billion added in the last six years.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Forex reserves</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Foreign exchange reserves can include banknotes, deposits, bonds, treasury bills and other government securities.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The central bank holds a significant amount of reserves in their foreign exchange. Most of these reserves are held in the U.S. dollar since it is the most traded currency in the world.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Components of Forex</span></span></p>
</li>
</ul>
<ul style="margin-left:40px">
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Foreign Currency Assets.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Gold.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Special Drawing Rights (SDRs)</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Reserve Tranche Position.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Taper Tantrums</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The phrase, taper tantrum, describes the 2013 surge in U.S. Treasury yields, resulting from the Federal Reserve's (Fed) announcement of future tapering of its policy of quantitative easing. </span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Fed announced that it would be reducing the pace of its purchases of Treasury bonds, to reduce the amount of money it was feeding into the economy. </span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The ensuing rise in bond yields in reaction to the announcement was referred to as a taper tantrum in financial media.</span></span></p>
</li>
</ul>
',
'created_date' => object(Cake\I18n\FrozenDate) {},
'posturl' => 'india-forex-reserves-crosses-450-billion ',
'image' => 'https://www.mediafire.com/convkey/dde2/zd8yh3k9exxyv7p6g.jpg',
'fbimage' => 'https://www.mediafire.com/convkey/dde2/zd8yh3k9exxyv7p6g.jpg',
'metatitle' => 'India’s Forex reserves crosses $450 billion for the first time',
'metakeyword' => 'India’s Forex reserves crosses $450 billion for the first time',
'metadescription' => 'India’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows that enabled the central bank to buy ',
'author' => null,
'downlaodpdf' => 'https://www.mediafire.com/file/re4d50vo1rtindj/India%C6s_Forex_reserves_crosses_%24450_billion_for_the_first_time.pdf/file',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'currentaffairs'
}
]
$customer_id = ''
$metadescription = 'Economic Planning, India’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows that enabled the central bank to buy '
$metakeyword = 'India’s Forex reserves crosses $450 billion for the first time'
$title = 'India’s Forex reserves crosses $450 billion for the first time'
$tagname = 'Economic Planning'
$sbanners = [
(int) 0 => object(Cake\ORM\Entity) {
'id' => (int) 61,
'bannername' => 'http://www.mediafire.com/convkey/5f54/lodkrbkhwk5lg1q6g.jpg',
'bannerlink' => 'https://studyiq.com/course-details/ssc-bank-combo',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
},
(int) 1 => object(Cake\ORM\Entity) {
'id' => (int) 62,
'bannername' => 'http://www.mediafire.com/convkey/0552/k9b1o467l8edtbc6g.jpg',
'bannerlink' => 'https://studyiq.com/courses/state-exams',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
},
(int) 2 => object(Cake\ORM\Entity) {
'id' => (int) 63,
'bannername' => 'http://www.mediafire.com/convkey/154a/6y1qvv7v118759h6g.jpg',
'bannerlink' => 'https://studyiq.com/course-details/upsc-ias-pre-mains',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
},
(int) 3 => object(Cake\ORM\Entity) {
'id' => (int) 64,
'bannername' => 'http://www.mediafire.com/convkey/563c/o65x6jso51flz886g.jpg',
'bannerlink' => 'https://studyiq.com/courses/upsc/optional-subjects',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
},
(int) 4 => object(Cake\ORM\Entity) {
'id' => (int) 70,
'bannername' => 'http://www.mediafire.com/convkey/23f5/ymfxsytttaix1ls6g.jpg',
'bannerlink' => 'https://www.studyiq.com/mock-test-series-ssc-bank-upsc-clat-kvs-rbi-dsssb-aao/upsc-ias-prelims-test-series-2021',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
}
]
$params = [
(int) 0 => 'economic-planning',
(int) 1 => 'india-forex-reserves-crosses-450-billion'
]
$b = [
'name' => 'Economic Planning',
'link' => 'https://currentaffairs.studyiq.com/tags/economic-planning'
]
$currentaffair = object(Cake\ORM\Entity) {
'tag' => 'Economic Planning',
'keyword' => 'economic-planning',
'id' => (int) 2996,
'title' => 'India’s Forex reserves crosses $450 billion for the first time',
'description' => '<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Issue</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">India’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows that enabled the central bank to buy dollars from the market.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">At $451.7 billion, the country’s import cover is now over 11 months. The rise in foreign exchange reserves will give the central bank the power to act against any sharp depreciation of the rupee.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Net foreign direct investment rose to $20.9 billion in the first half of 2019-20 from $17 billion a year ago while net foreign portfolio investment was $8.8 billion in April-November 2019 as against net outflows of $14.9 billion in the same period last year.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">During the taper tantrums of 2013, India’s foreign exchange reserves fell to $274.8 billion in September of 2013, prompting the Centre and RBI to unleash measures to attract inflows.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">India’s foreign exchange reserves had fallen to $274.8 billion in September of 2013, prompting the Centre and RBI to unleash measures to attract inflows. It has been a steady rise for the reserves since then, with $175 billion added in the last six years.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Forex reserves</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Foreign exchange reserves can include banknotes, deposits, bonds, treasury bills and other government securities.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The central bank holds a significant amount of reserves in their foreign exchange. Most of these reserves are held in the U.S. dollar since it is the most traded currency in the world.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Components of Forex</span></span></p>
</li>
</ul>
<ul style="margin-left:40px">
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Foreign Currency Assets.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Gold.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Special Drawing Rights (SDRs)</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Reserve Tranche Position.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Taper Tantrums</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The phrase, taper tantrum, describes the 2013 surge in U.S. Treasury yields, resulting from the Federal Reserve's (Fed) announcement of future tapering of its policy of quantitative easing. </span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Fed announced that it would be reducing the pace of its purchases of Treasury bonds, to reduce the amount of money it was feeding into the economy. </span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The ensuing rise in bond yields in reaction to the announcement was referred to as a taper tantrum in financial media.</span></span></p>
</li>
</ul>
',
'created_date' => object(Cake\I18n\FrozenDate) {},
'posturl' => 'india-forex-reserves-crosses-450-billion ',
'image' => 'https://www.mediafire.com/convkey/dde2/zd8yh3k9exxyv7p6g.jpg',
'fbimage' => 'https://www.mediafire.com/convkey/dde2/zd8yh3k9exxyv7p6g.jpg',
'metatitle' => 'India’s Forex reserves crosses $450 billion for the first time',
'metakeyword' => 'India’s Forex reserves crosses $450 billion for the first time',
'metadescription' => 'India’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows that enabled the central bank to buy ',
'author' => null,
'downlaodpdf' => 'https://www.mediafire.com/file/re4d50vo1rtindj/India%C6s_Forex_reserves_crosses_%24450_billion_for_the_first_time.pdf/file',
'[new]' => false,
'[accessible]' => [
'*' => true
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'currentaffairs'
}
$downloadpdf = 'https://www.mediafire.com/file/re4d50vo1rtindj/India%C6s_Forex_reserves_crosses_%24450_billion_for_the_first_time.pdf/file'
$tags = '<a href="https://currentaffairs.studyiq.com/tags/economic-planning">Economic Planning</a>'include - ROOT/plugins/Studyiq/src/Template/Pages/tagdetails.ctp, line 161
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1196
Cake\View\View::_render() - CORE/src/View/View.php, line 1157
Cake\View\View::render() - CORE/src/View/View.php, line 765
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 623
App\Controller\PagesController::tags() - APP/Controller/PagesController.php, line 995
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 440
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 119
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 93
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 108
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 104
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 98
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
