Day July 8, 2020

India’s External Debt

• RBI published data on India’s External Debt as at the end of March 2020. Key highlights: • At end-March 2020, India’s external debt was placed at US$ 558.5 billion, recording an increase of US$ 15.4 billion over its level…

Private Sector in Railways

• Indian Railways has launched the process of opening up train operations to private entities on 109 Origin Destination (OD) pairs of routes using 151 modern trains. About: • It has invited Request for Qualifications proposals, for scrutiny of vendor…

Balance of Payments 2019-20

• RBI published data on developments in India’s Balance of Payments during 2019-20. About: • The Current Account Deficit (CAD) narrowed to 0.9 % of GDP in 2019-20 from 2.1 % in 2018-19 on the back of the trade deficit…

Seabed 2030 Project

• The Nippon Foundation-GEBCO Seabed 2030 Project announced that it had finished mapping nearly one-fifth of the world’s ocean floor. Since the launch of the project in 2017, the surveying of the ocean bed as per modern standards has gone…