Rupee, stocks cement India's top spot in Mint's Emerging Markets Tracker in June
Distilled Policy Brief
- The Reserve Bank of India's special FCNR deposit scheme led to substantial foreign currency inflows, helping to stabilize the rupee and end a three-month decline.
- India's Emerging Markets Tracker score reached 82.3 in June, a significant increase from previous months, as the rupee and domestic equities maintained their upward trend.
- The RBI's FCNR deposit scheme, improved global risk appetite, and foreign portfolio investors returning to Indian equities contributed to India's widening lead in the Emerging Markets Tracker, a position it retained in June.
🎯 UPSC Prelims Practice Drill
With reference to the bilateral research and industrial cooperation engagements between India and Germany, consider the following statements: 1. Roundtables held with German research organizations, such as the Fraunhofer Institutes, prioritized key fields including microelectronics, power electronics, and smart manufacturing. 2. Expanding industry-academia innovation networks and collaboration in battery technologies form key components of the enhanced strategic cooperation. Which of the statements given above is/are correct?
- [A] 1 only
- [B] 2 only
- [C] Both 1 and 2
- [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
Both statements are correct. High-level roundtables with German research institutes, including Fraunhofer Institutes, focused on microelectronics, power electronics, smart manufacturing, battery technologies, and logistics. Furthermore, the engagement emphasized strengthening industry-academia innovation networks, science and technology cooperation, and advanced manufacturing capabilities between India and Germany.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.