NARENDRA MODI

Saturday, January 23, 2021

SWARM DRONES INDIA

What is 5th Generation War?

The whole world is engaged in developing 5th Generation War Techniques and technologies.5th Generation War means not conventional war but Cyber war,Trade war,Stealth Fighter, Artificial Intelligence,

Satellite Destruction,Laser Beams,Proxy war,SWARM DRONES etc.

What is SWARM DRONES?

SWARM DRONES are group of drones moving to particular direction either to destroy Figher Aircraft ,or Missile Defence system, or self destruction in enemy area.

This is very special technology as its main job is to engage enemy Radars to make way for Figher Aircraft to enter in enemy territory.whether the Defence system is Russian S-400or Patriot or anything else.SWARM drones are sent in huge numbers so that Defence system gets confused and can't identify real threats.

source : Google

India is the first country who have developed this technology in the world.USA, RUSSIA,CHINA are still working on this.Its great achievement of India.

They are very less expensive and India is preparing it's Jaguar Figher Aircraft for this purpose.Indias neighborhood China and Pakistan are shocked by this development.India is going to manufacture these in large scale.

India has ordered S -400 5 Units from Russia,India developed QRSAM,MRSAM Defence system and also Integrated Defence system.

. Image source -Google.

India has made huge strides in Defence technologies which are indigenous in nature.DRDO,ISRO and other new start ups are doing excellent job.

Jai Hind.Vande Mataram.Happy Republic Day

For Narendra Modiji achievement click following

https://alkahirwe.blogspot.com/2021/01/narendra-modi-achievements.html?m=1

Friday, January 22, 2021

FOREX RESERVES IN DETAIL

What is the meaning of Forex Reserves?

Forex Reserves Meaning-

Forex reserves is composition of foreign currencies like DOLLARS, JAPANESE YEN,AUD $,GBP,EURO etc

and Gold Reserves of each country are called Forex Reserves.

Importance of Forex Reserves-

USA Dollar is considered as World currency almost 70% of world trade ie imports and exports are done in Dollars.

The more Forex Reserves you have better it is.As the currency of that particular country has great value which holds large Forex Reserves.It can be used for international payments and to maintain value of currency.

Sources of Foreign Exchange

1.Exports

2.Tourism.

3.Services to Foreign Countries

4.Remittences

5.FDI ie Foreign Direct Investment

6.Foreign Aid or loan

Forex Reserves of countries-

source: wikipedia

What is Foreign Exchange Rate?

It is decided by the demand and supply of that particular currency in world.market.

What is Direct Quote?

Direct Quote:Value of currency against One Unit of Other Currency.

Eg 1$=Rs 70

What is Indirect Quote?

Indirect Quote:

Where three currencies are involved

Like 1$=70€ Euro

1€=80 INR

we have to convert currencies into other currencies and make payment.

What is Spot Rate?

Spot Rate:It is Currency Rate available immediately in Currency Market

What is Forward Exchange Rate?

Forward Rate:

It is a rate of currency which is fixed today for delivery on any Future Date.It provides Protection to the trader against Fluctuations in foreign Currencies.

SWIFT SYSTEM-(The Society for Worldwide Interbank Financial Telecommunication)

All foreign trades are done through SWIFT messeging system of USA.It is a network through which Interbank transactions are done quickly,securely and accurately.whenever USA imposes sanctions they can't use dollar as their Currency which hits hard to trade of that country.Therefore Now a days countries are engaging in Swap Arrangements as a solution.But still it impacts massively on international trade.

USA has monopoly in SWIFT Payment system.

Happy Republic Day India