Questions

A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for borrowing and lending in the short term, from several days to just under a year. Money market securities consist of negotiable certificates of deposit (CDs), bankers acceptances, U.S. Treasury bills, commercial paper, municipal notes, federal funds and repurchase agreements (repos).

The four northeast Indian states share 1,643-km border with Myanmar – Arunachal Pradesh, Nagaland, Mizoram and Manipur. It is in news recently, because the Indian Government has set up an expert committee to examine the rules which allow free movement of Indian and Myanmarese citizens within 16 kms of the border, but are exploited by militants for smuggling arms, drugs, and fake Indian currency. The committee will be headed by the special secretary (Internal Security) in the Ministry of Home Affairs. The committee will give its report for uniform and effective implementation of free movement regime within 3 months. It will also prepare standard operating procedures common for all the four states so that militants, criminals and contraband are filtered at the border without causing inconvenience to genuine people.