IAS Study Material, General Studies, Indian Polity, World Geography, History

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• https//www.2thepoint.in/

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India Italy MOU for training and education
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• The MoU will facilitate an expansion of the
  training and education activities to promote
  decent work in the world of work, though
• conducting joint training programmes on training
  methodologies and techniques
• developing new training modules for different
  social partners
• organizing customized training programmers in
  different themes on labour and employment
• undertaking an evaluation of training
  methodologies
• exchanging of good practices in training
  programmes, particularly in the context of labour
  administration assisting each other in the
  delivery and facilitation of the training modules
  and organizing study visits and
• exchanging of trainers for sharing of knowledge
  and information.

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Reserve Bank of India (RBI) has issued guidelines
for interoperability among prepaid instruments
(PPI) such as e-wallets. Inter-operability is
technical compatibility that enables payment
system to be used in conjunction with other
payment systems.
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• What is a currency swap?
• A currency swap is an agreement between two
  parties to exchange a series of cash flows
  denominated in one currency for those denominated
  in another for a predetermined period of time.
  This involves the swap of the currency amounts
  for an agreed period and payments of interest
  during that period.
• Unlike an interest rate swap, a currency swap
  requires the actual exchange of the two principal
  currency amounts on which the sets of cash flows
  are based.
• An exchange takes place at the beginning of the
  arrangement and at maturity the amounts are
  swapped back.
• This actual exchange of principal is an important
  feature of a currency swap because, although the
  two amounts exchanged at the beginning of the
  agreement may be of equivalent value in the
  market, it is unlikely (as a result of movements
  in the exchange rate) that this will be the case
  at maturity. This means there is a residual
  counterparty risk that remains after the currency
  swap has been agreed.