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Why in the news? The RBI has revamped its currency swap arrangement for SAARC countries from 2024 to 2027. Introducing a dedicated INR swap window with incentives to support Indian rupee liquidity. Allocating ₹250 billion for INR support to enhance regional financial stability. Key Feature of the Framework: INR Swap Window: Established to facilitate easier …
Read MoreWhy in the news? The Ministry of Housing and Urban Affairs announced plans to revamp the Pradhan Mantri Awas Yojana (Urban) to enhance its effectiveness and address shortcomings observed over nine years. Revamp highlights: Priority on reducing delays in benefit delivery. Learning-based improvements for better implementation efficiency. Supporting urban development: Introducing Special Assistance to States …
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