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In economics, a dual exchange rate is the occurrence of two different values of a currency for different sets of monetary transactions. [1] [2] One of the most common types consists of a government setting one exchange rate for specific transactions involving foreign exchange and another exchange rate governing other transactions.
Indian National Congress: Kumar Jaimangal (Anup Singh) Indian National Congress: 13 17 April 2021 Madhupur: Haji Hussain Ansari: Jharkhand Mukti Morcha: Hafizul Hasan: Jharkhand Mukti Morcha: 66 23 June 2022 Mandar: Bandhu Tirkey: Indian National Congress: Shilpi Neha Tirkey: Indian National Congress: 23 27 February 2023 Ramgarh: Mamta Devi ...
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series.It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. [2]
The Indian rupee was pegged to the British pound at a rate of 13 1 ⁄ 3 Indian rupees = 1 pound. The Government of India had complained of gold traffickers in the Gulf region whose base of operations was constantly being broadened, especially in Kuwait, Bahrain and Dubai. Smugglers used to take gold to the Indian sub-continent and return with ...
Steel Authority of India Limited (SAIL) is a central public sector undertaking (PSU) based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of ₹ 105,398 crore (US$13 billion) for the fiscal year 2022-23. Incorporated on 24 January 1973, SAIL has 54,431 employees (as of 1 ...
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket.
In many countries there is a distinction between the official exchange rate for permitted transactions within the country, and a parallel exchange rate (or black market, grey, unregulated, unofficial, etc. exchange rate) that responds to excess demand for foreign currency at the official exchange rate.
Indian Astrophysicist Meghnad Saha, the former chief architect of river planning in India, prepared the original plan for the Damodar Valley Project. It operates both thermal power stations and hydel power stations under the ownership of Ministry of Power, Government of India. DVC is headquartered in the Kolkata city of West Bengal, India. [3]