BRICS payment system will replace SWIFT in the non-Western world – Senior Russian leader claims

BRICS payment system will replace SWIFT in the non-Western world – Senior Russian leader claims

Moscow: The unipolar system has begun to collapse globally, and a new multipolar system is forming. In this new world away from the dominance of the Western world, the ‘payment system’ developed by the ‘BRICS’ group will replace the existing ‘SWIFT network’, claimed senior Russian leader Igor Morozov. Morozov is a senior parliamentarian of Russia […]

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India sternly warns Canada about separatists’ activities

India sternly warns Canada about separatists’ activities

New Delhi – India has directly warned Canada, which provides shelter to Khalistani separatists and terrorists in its land. Canada’s activities to use anti-India forces for vote bank politics will prove fatal for India’s bilateral relations, Foreign Minister S. Jaishankar has warned. Besides, Canada’s National Security Advisor (NSA) has also criticised the allegations made by […]

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Debt burden on global economy at $305 trillion – Institute of International Finance warns

Debt burden on global economy at $305 trillion – Institute of International Finance warns

Washington – The international study group, Institute of International Finance (IIF), has warned that the debt burden on the world economy has reached $305 trillion. The IIF pointed out that factors such as the increasing ageing population in developed countries, growing expenditure on the healthcare sector, additional provision for defence due to geopolitical tensions and […]

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US transferred seized Russian funds to Ukraine – Attorney General Merrick Garland  

US transferred seized Russian funds to Ukraine – Attorney General Merrick Garland  

Washington/ Kyiv: After the Russia-Ukraine conflict began, the US and Western countries imposed large-scale sanctions on Russia. It also included actions to freeze and confiscate the assets of Russian entrepreneurs and citizens. The Ukrainian regime demanded that the seized assets and funds be given to them as compensation. This demand has been supported by the […]

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South Korea and Indonesia to exclude US dollar from bilateral trade – sign MoU to promote bilateral transactions in local currencies

South Korea and Indonesia to exclude US dollar from bilateral trade – sign MoU to promote bilateral transactions in local currencies

Seoul/ Jakarta: South Korea and Indonesia, among the five leading economies in Asia, have decided to transact in local currencies. A meeting of both countries’ central banks was recently held in South Korea. On this occasion, an agreement was signed to use the local currencies ‘Won’ and ‘Rupiah’ instead of the US dollar in trade […]

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Gold has a key role in revolt against US Dollar – American investor & Market Expert Ruchir Sharma  

Gold has a key role in revolt against US Dollar – American investor & Market Expert Ruchir Sharma  

Washington: ‘Gold is recognized as the oldest and most traditional asset used for investment worldwide. The world’s central banks are currently using this gold as a means of rebellion against the US dollar. Earlier, the dollar and gold were known as safe havens for investment. But now gold is considered safer,’ claimed American investor and […]

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Over 15,000 blood units collected at Mega Blood Donation Camp conducted by ‘Aniruddha’s Academy of Disaster Management’ & allied organisations

Over 15,000 blood units collected at Mega Blood Donation Camp conducted by ‘Aniruddha’s Academy of Disaster Management’ & allied organisations

– Conducted at 87 locations simultaneously in Goa, Gujarat, Karnataka, Madhya Pradesh alongside Maharashtra – Over 100 public & private blood banks participated Mumbai: The blood donation camp organised by ‘Aniruddha’s Academy of Disaster Management’ and affiliated organisations received a huge response on Sunday. This blood donation camp was organised at 87 places simultaneously in […]

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Indian rupee will soon become an international currency – Union Commerce Minister Piyush Goyal

Indian rupee will soon become an international currency – Union Commerce Minister Piyush Goyal

Rajkot – India’s international trade will soon be in rupees. For this, banks of other countries are opening Vostro accounts in Indian banks. 60 foreign banks from 18 countries have sought permission from the Reserve Bank of India for this. Union Commerce Minister Piyush Goyal said these countries include the United Kingdom, Singapore and New […]

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Using the dollar as a weapon has backfired like a boomerang on US – French analyst Renaud Girard 

Using the dollar as a weapon has backfired like a boomerang on US – French analyst Renaud Girard 

Paris/Washington – French analyst Renaud Girard said that the United States used the dollar excessively as a tool of political pressure. Therefore, more and more countries have been leaving the US-dominated economic system. He added that a local currency-based system was an alternative to the dollar. Moreover, countries like Russia and China have even developed […]

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