#UNFCCC
#COP25
#Facts_for_prelims
The 2019 United Nations Climate Change Conference, also known as COP25, is to be the 25th United Nations Climate Change conference. It is being held in Madrid, Spain, from 2 to 13 December 2019 under the presidency of the Chilean government.
#COP25
#Facts_for_prelims
The 2019 United Nations Climate Change Conference, also known as COP25, is to be the 25th United Nations Climate Change conference. It is being held in Madrid, Spain, from 2 to 13 December 2019 under the presidency of the Chilean government.
#Facts_for_prelims
A new country Bougainville is in the process of making. It voted for independence from Papua New Guinea. Mark their locations in world map. Important for prelims and also can be use as an example of referendum in Direct Democracy
A new country Bougainville is in the process of making. It voted for independence from Papua New Guinea. Mark their locations in world map. Important for prelims and also can be use as an example of referendum in Direct Democracy
#GS_3
#Environment #Pollution
#Facts_for_prelims
Read the suggestions submitted by the High Level Committee. Terms mentioned in the news is important for prelims, too.
#Environment #Pollution
#Facts_for_prelims
Read the suggestions submitted by the High Level Committee. Terms mentioned in the news is important for prelims, too.
Forwarded from CSE Prelims 2021
🛑What is Import Cover?
✅ Import Cover measures the number of months of imports that can be covered with foreign exchange reserves available with the central bank of the country(In case of India, RBI).
✅ 8-10 months of import cover is essential for the stability of a currency.
✅ Suppose India has foreign exchange reserve of 100 dollars and every month import bill of India is 10 dollars, then we can say that India has the import cover of 10 months.
#Economy #Facts_for_prelims
✅ Import Cover measures the number of months of imports that can be covered with foreign exchange reserves available with the central bank of the country(In case of India, RBI).
✅ 8-10 months of import cover is essential for the stability of a currency.
✅ Suppose India has foreign exchange reserve of 100 dollars and every month import bill of India is 10 dollars, then we can say that India has the import cover of 10 months.
#Economy #Facts_for_prelims
Forwarded from CSE Prelims 2021
🛑Capital Conservation Buffer🛑
✅ Why was in the news?
As per the notification issued in January 2019 RBI decided to defer the implementation of the last tranche of 0.625 per cent of CCB from March 31, 2019 to March 31, 2020.
✅ What is capital conservation buffer (CCB)?
CCB is a relatively new concept, introduced under the international Basel III norms. The concept says that during good times, banks must build up a capital buffer that can be drawn from when there is stress.
In India, the minimum capital requirement is 9 per cent.
The CCB would be 2.5 percentage points over and above the minimum capital requirement
✅ Why is it important?
In simple terms, this is savings for the future as this capital can be drawn when a bank is incurring losses.
Since it is a buffer, or extra capital, banks’ minimum capital is not violated.
The CCB is being implemented in a phased manner of 0.625 per cent per year from January 1, 2016.
The final phase is now delayed by a year, till March 31, 2020.
✅ Why was the CCB introduced?
India follows the international Basel III norms, and the CCB is an integral part of those norms.
After the credit crisis of 2008 the CCB concept gained attention, when large banks witnessed their capital eroding at a fast phase.
The CCB was aimed to cover for their losses on risky investments.
The Basel Committee on Banking Supervision released its capital buffer norms wherein two kinds of structures were introduced — one, the CCB, and the other was countercyclical capital buffers.
The Reserve Bank of India (RBI) has decided to implement both.
✅ Is there a penalty if a country fails to implement CCB norms in its entirety?
Basel norms are a standard set of rules, and it is left to the individual country to implement the norms at a pace that is suitable to it.
However there won’t be any penalty for not attaining CCB norms.
However, in a connected world, the sooner a bank become international norm compliant, the better it is poised to raise funds and expand operations overseas.
#Economics #Banking #Prelims
#Facts_for_prelims
✅ Why was in the news?
As per the notification issued in January 2019 RBI decided to defer the implementation of the last tranche of 0.625 per cent of CCB from March 31, 2019 to March 31, 2020.
✅ What is capital conservation buffer (CCB)?
CCB is a relatively new concept, introduced under the international Basel III norms. The concept says that during good times, banks must build up a capital buffer that can be drawn from when there is stress.
In India, the minimum capital requirement is 9 per cent.
The CCB would be 2.5 percentage points over and above the minimum capital requirement
✅ Why is it important?
In simple terms, this is savings for the future as this capital can be drawn when a bank is incurring losses.
Since it is a buffer, or extra capital, banks’ minimum capital is not violated.
The CCB is being implemented in a phased manner of 0.625 per cent per year from January 1, 2016.
The final phase is now delayed by a year, till March 31, 2020.
✅ Why was the CCB introduced?
India follows the international Basel III norms, and the CCB is an integral part of those norms.
After the credit crisis of 2008 the CCB concept gained attention, when large banks witnessed their capital eroding at a fast phase.
The CCB was aimed to cover for their losses on risky investments.
The Basel Committee on Banking Supervision released its capital buffer norms wherein two kinds of structures were introduced — one, the CCB, and the other was countercyclical capital buffers.
The Reserve Bank of India (RBI) has decided to implement both.
✅ Is there a penalty if a country fails to implement CCB norms in its entirety?
Basel norms are a standard set of rules, and it is left to the individual country to implement the norms at a pace that is suitable to it.
However there won’t be any penalty for not attaining CCB norms.
However, in a connected world, the sooner a bank become international norm compliant, the better it is poised to raise funds and expand operations overseas.
#Economics #Banking #Prelims
#Facts_for_prelims
Forwarded from CSE Prelims 2021
🛑What is Import Cover?
✅ Import Cover measures the number of months of imports that can be covered with foreign exchange reserves available with the central bank of the country(In case of India, RBI).
✅ 8-10 months of import cover is essential for the stability of a currency.
✅ Suppose India has foreign exchange reserve of 100 dollars and every month import bill of India is 10 dollars, then we can say that India has the import cover of 10 months.
#Economy #Facts_for_prelims
✅ Import Cover measures the number of months of imports that can be covered with foreign exchange reserves available with the central bank of the country(In case of India, RBI).
✅ 8-10 months of import cover is essential for the stability of a currency.
✅ Suppose India has foreign exchange reserve of 100 dollars and every month import bill of India is 10 dollars, then we can say that India has the import cover of 10 months.
#Economy #Facts_for_prelims