Use of INR in global trade is being encouraged – Union Finance Minister Nirmala Sitharaman

Use of INR in global trade is being encouraged – Union Finance Minister Nirmala Sitharaman

New Delhi: The central government is making special efforts to ensure that international transactions happen in Indian Rupee (INR). Union Finance Minister Nirmala Sitharaman has said that Reserve Bank has taken necessary steps in this regard. Moreover, Sitharaman gave this information in a written reply to a question asked in the Lok Sabha. Last month, […]

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Only 30% of weapons supplied by West have reached to Ukrainian military – US news agency alleges misappropriation of 70% of weapons

Only 30% of weapons supplied by West have reached to Ukrainian military – US news agency alleges misappropriation of 70% of weapons

Moscow/Kyiv: The Russian army destroyed about 45,000 tons of ammunition, which NATO sent to the Ukrainian army. Russia has informed that its forces have destroyed five more ‘arms depots’ of the Ukrainian army. Along with this, there is a startling revelation that only 30% of the weapons worth billions of dollars sent by the United […]

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Hegemonic regimes will use oppressive tactics on island countries in Pacific Region – US Dy Secretary of State Wendy Sherman

Hegemonic regimes will use oppressive tactics on island countries in Pacific Region – US Dy Secretary of State Wendy Sherman

Honiara/Tonga: By mentioning the Russian attack on Ukraine and ongoing Chinese military exercises targeting Taiwan, US Deputy Secretary of State Wendy Sherman warned that some of the world’s hegemonic regimes might use oppression and coercion on island countries in the Pacific region. Sherman is currently on a tour of the Pacific region; this time, she […]

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Global investors turn away from China’s market amid recession, Coronavirus pandemic and real estate crisis, claims IIF report

Global investors turn away from China’s market amid recession, Coronavirus pandemic and real estate crisis, claims IIF report

Washington/Beijing: China, the second largest economy in the world, continues to suffer shocks. Last month, it was revealed that China’s economic growth rate had dropped to 0.4 per cent. After that, international investors are also turning their backs on China. According to a US-based Institute of International Finance (IIF) report, foreign investors withdrew large amounts […]

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Tension mounts between Israel-China as Beijing initiates military cooperation with Syria’s Assad Regime

Tension mounts between Israel-China as Beijing initiates military cooperation with Syria’s Assad Regime

Tel Aviv: Israel and China recently celebrated 30 years of cooperation. Trade between the two countries has reached $18 billion. Besides, this trade is expected to increase in the coming years, Israel had expressed in January. But it appears that Israel is losing faith in China. As per the claims, Israel’s exports to China are […]

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OPEC agrees to increase production marginally despite heavy pressure from US and western countries

OPEC agrees to increase production marginally despite heavy pressure from US and western countries

Vienna: OPEC+, an organisation of petroleum export countries, has a meeting to agree on increasing oil production from September by 100000 barrels per day. In the last session, for July and August, OPEC + decided to increase oil production by 600000 barrels per day. Hence the latest increase planned for September is relatively minimal compared […]

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Cargo vessels carrying food grain sail from Odessa port to Ukraine for the first time after conflict

Cargo vessels carrying food grain sail from Odessa port to Ukraine for the first time after conflict

Odessa/Moscow: The vessels carrying food grains left for the Ukrainian port from Odessa on Monday after an agreement with the United Nations and Turkey. The ship will arrive at Lebanon’s Tripoli port via Istanbul, Turkey, in the next few days. This is considered an important step to overcome the food crisis caused by the Russia-Ukraine […]

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India is monitoring Chinese Ship arriving at Sri Lankan port

India is monitoring Chinese Ship arriving at Sri Lankan port

New Delhi: China’s People’s Liberation Army’s ‘Yuan Wang 5’ warship, used for spying and picking up sensitive information, will arrive at Sri Lanka’s Hambantota port. The ship has increased the threat to naval bases on India’s east coast and ISRO’s launch base at Chandipur. India has taken serious cognisance of this and Sri Lanka has […]

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Pakistan faces huge disappointment in the SCO meeting

Pakistan faces huge disappointment in the SCO meeting

Islamabad: Pakistan faced a huge disappointment in the SCO meeting held at Tashkent in Uzbekistan. It was claimed that Pakistani Foreign Minister Bilawal Bhutto, who is participating in the meeting, will be holding talks with the Indian Foreign Minister. Information had been shared that he would also be discussing with Russian Foreign Minister Sergey Lavrov. […]

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