Current Affairs – March, 2015

Latest Current Affairs March, 2015 with Current Affairs, news summary on current events of National and International importance of March, 2015 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Bangladesh wins Women in Parliaments Award

Bangladesh has won the prestigious Women in Parliaments (WIP) Award for regional leadership in the South and Southeast Asia category for closing the gender gap in politics.  

The award was presented by WIP Global Forum at annual summit held in Addis Ababa, Ethiopia. On behalf of Bangladesh’s Prime Minister Sheikh Hasina, Minister of State (MoS) for Foreign Affairs Shahriar Alam received the award.

Bangladesh is only country in the world where the Prime Minister, Parliament speaker, Leader of the Opposition, Deputy Leader of the house, and a major opposition leader are all women.

In the World Economic Forum report it has been placed among the top 10 countries in the world in reducing gender gap

About Women in Parliaments Award

  • WIP Award is based on the rankings of the World Economic Forum’s Global Gender Gap Report.
  • The report assesses 135 countries that represent more than 93 percent of the world’s population. It also assesses on how well resources and opportunities are divided among male and female populations.
  • Women in Parliaments (WIP) is the global network of female parliamentarians at the national level and has around 9,000 female parliamentarians in its network.

Month: Categories: Awards & HonoursInternational

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RBI signs $400 million currency swap pact with Sri Lanka

The Reserve Bank of India (RBI) has signed a US $400 million currency swap agreement with the Central Bank of Sri Lanka.

The currency swap agreement will allow central banks of both nations to make withdrawals of US Dollar or Euro in multiple tranches up to a maximum of USD 400 million or its equivalent.

The agreement will be valid for a period of three years and further economic co-operation between the two countries. It will also bring in more financial stability in the region.

Background

  • In SAARCFINANCE Governor’s meeting held in Nepal in 2012, RBI had announced that it will offer currency swap facilities aggregating USD 2 billion. This facility will be offered in both foreign currency and rupee to SAARC member countries.
  • In this regard, the swap arrangement are signed to provide a backstop line of funding for the SAARC member countries to meet any balance of payments (BoP) and liquidity crises till long-term arrangements are made.
  • The facility will be available to all SAARC member countries including India, Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka.

Month: Categories: Business, Economy & Banking

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