New Delhi: Reserve Bank Governor Shaktikanta Das informed that India is discussing with South Asian countries the use of the rupee for cross-border trade. The governors of the Reserve Bank have said that Bhutan and Nepal are trying to use India’s ‘UPI’ facility to a greater extent. While the pilot project of the Digital Rupee […]
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Washington/Beijing: The Inflation Reduction Act-IRA has come into effect in the United States from January 1. This will hit fellow countries that trade heavily with the US. Especially the companies in European countries in the vehicle manufacturing sector and the companies in the semiconductor industry will have to bear the loss due to this. Thus, […]
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Tokyo/Moscow: It has surfaced that an increase in trade between Russia and Japan has occurred, given the sanctions imposed by the G7, a group of advanced countries in the world, and other western countries. In the first 11 months of 2022, trade between the two countries has reached a whopping $18 billion. It was revealed […]
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New Delhi: The Free Trade Agreement (FTA) between India and Australia has come into force from Thursday. The Prime Minister of India has welcomed it and said it is a historic event for comprehensive strategic cooperation between the two countries. The Prime Minister of Australia, Anthony Albanese, claimed that the trade deal is a great […]
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Moscow: The International North-South Transport Corridor (INSTC), a trade route connecting Russia and Iran through the Caspian Sea, has become operational. It will provide a major impetus to the trade cooperation between Russia and Iran. US-based newspaper Bloomberg has claimed that this trade route will circumvent Western sanctions imposed on Russia-Iran. The newspaper reported that […]
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New Delhi: A discussion was held between the trade ministers of India and Bangladesh on the free trade agreement between both countries. Negotiations between the two countries will start soon. Simultaneously, it is reported that Indian Commerce Minister Piyush Goyal and Bangladesh Commerce Minister Tipu Munshi have discussed conducting trade between the two countries in […]
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Taipei: “In the past 27 years, the semiconductor sector has undergone many major global changes. Currently, the geopolitical situation of the world is changing rapidly. Globalization and free trade are dying. Many think these things will be restored, but there should be a sense that the situation will not return to normal,” warned Morris Chang, […]
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New Delhi: Due to the restrictions of the US and other western countries, obstacles stand before Russia in the manufacturing sector. In such a situation, there were reports that Russia had handed over a list of about 500 products to India and demanded to supply them. Regarding this, Indian External Affairs Minister S. Jaishankar clarified […]
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Brussels/Washington: Bernd Lang, head of the European Parliament for trade committee, warns of legal proceedings at the World Trade Organization (WTO) against the Inflation Reduction Act introduced by the US. He feels that nothing much would be achieved through mere negotiation. Ursula von der Leyen, the head of the EU, has criticised the US for […]
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New Delhi: India has started discussions on a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC). India’s trade cooperation with the GCC, which includes the six Middle East nations Saudi Arabia, United Arab Emirates (UAE), Qatar, Kuwait, Oman and Bahrain, has attracted the attention of this region and the entire world. Annual trade […]
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