Write about IMF’s SDR. Should India support Renminbi’s inclusion

IMF’s SDR(Special drawing rights):

DEFINITION:

An international type of monetary reserve currency, created by the International Monetary Fund (IMF), which operates as a supplement to the existing reserves of member countries. Created in response to concerns about the limitations of gold and dollars as the sole means of settling international accounts, SDRs are designed to augment international liquidity by supplementing the standard reserve currencies.

Continue reading Write about IMF’s SDR. Should India support Renminbi’s inclusion

Advertisements

Problems in paradise-The story of Maldives

Maldives looks wise is a true approximation of paradise on earth. Situated in the middle of Indian ocean, it’s closest neighbors are India and Sri Lanka, both over 600 kilometers away.

mald-MMAP-md

Continue reading Problems in paradise-The story of Maldives

Glimpses of China beyond the Wall in ‘I’

Finally I got to see Shankar’s ‘I’, one week after it was released. The film was released in only one theater in my town and as it was Sankranti, people were literally fighting over each other at 6 am in the morning to get its tickets. They seem to be more enthusiastic about the film than me and so I convinced myself that they deserve to watch it before me(I was too lazy to get up that early)! At last I got an entry in the afternoon on a Wednesday. As I was watching the movie several thoughts occurred to me. One of it was about ‘China and films’.

Continue reading Glimpses of China beyond the Wall in ‘I’