#SupremeCourt appoints its former judge Hrishikesh Roy, as the ombudsman of the Bihar Cricket Association, BCA.
The Court noted that former apex court judge Abhay S. Oka, who was appointed to the post on March 20, expressed his unwillingness to continue as the ombudsman as the role involves adjudicatory functions.
The Court noted that former apex court judge Abhay S. Oka, who was appointed to the post on March 20, expressed his unwillingness to continue as the ombudsman as the role involves adjudicatory functions.
Indian Rupee operates under a managed floating exchange rate regime where market forces determine its value, but the RBI intervenes to ensure macroeconomic stability and prevent excessive volatility.
INR value depends on:
• Demand for exports
• Capital inflows (FDI/FPI)
• Oil imports (major factor for India)
• Interest rate differentials
Why India Does NOT Prefer Free Float
• High import dependence (especially crude oil)
• Vulnerability to capital flight
• Need to control inflation (imported inflation)
• Protect domestic economy from global shocks
Exchange Rate – Committees
• Rangarajan Committee (1991) —> Market-determined exchange rate
• Tarapore Committee (1997, 2006) —> Capital Account Convertibility (phased)
• Sodhani Committee (1995) —> Forex market development
#CA2026
#ECONOMY
INR value depends on:
• Demand for exports
• Capital inflows (FDI/FPI)
• Oil imports (major factor for India)
• Interest rate differentials
Why India Does NOT Prefer Free Float
• High import dependence (especially crude oil)
• Vulnerability to capital flight
• Need to control inflation (imported inflation)
• Protect domestic economy from global shocks
Exchange Rate – Committees
• Rangarajan Committee (1991) —> Market-determined exchange rate
• Tarapore Committee (1997, 2006) —> Capital Account Convertibility (phased)
• Sodhani Committee (1995) —> Forex market development
#CA2026
#ECONOMY
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