The yuan joins the US dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket
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5 min read5 Dec 2015Special Drawing Rights have lost much of their relevance over the decades
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4 min read2 Dec 2015The currency will have a 10.92% share, in line with expectations, after a review of the weightings formula for the SDR
1 min read30 Nov 2015The yuan will now be included among the basket of currencies that make up its so-called Special Drawing Rights
3 min read23 Nov 2015Many major economies, including the US, Germany and UK, say they're prepared to back the yuan's inclusion if it meets the IMF criteria
3 min read24 Oct 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared