New Delhi: – The United States had warned that the Indian fuel purchase from Russia does not fall under the purview of the US sanctions. But the Indian purchase of fuel from Russia, the aggressor on Ukraine, at a concessional rate will be noted in history.’ The warning does not seem to have had any […]
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Moscow: Russian President Vladimir Putin retorted ‘Many Western countries have decided to freeze Russian funds and assets. But the decision has resulted in the USD and Euro biting the dust.’ Putin has repeatedly questioned the USD’s credibility and has appealed to find an alternative for it. But the Russian President seems to have delivered a […]
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Moscow: – The USD component in the Russian National Wealth Fund, created out of the foreign reserves, has been brought to zero. As per the information given in January 2021, the USD share in the National Wealth fund was to the extent of 35%. Russian President Vladimir Putin had initiated the process of de-dollarization in […]
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Doha – The CEOs of renowned international oil companies have claimed that the crude oil rates would increase to the level of more than USD 100 per barrel. The senior officers said that this rise would be because of the reduced flow of investment in the sector. It is claimed that the oil companies have […]
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Moscow – Russian Finance Minister Anton Siluanov announced that Russia would expel the US dollar from the ‘National Wealth Fund’, being created from the reserves with the Russian government. This information was given in the St. Petersburg Economic Forum, which started in Russia. As per the information given in January 2021, a fund of USD […]
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Bengaluru: Defence Minister Rajnath Singh announced, ‘India is very cautious regarding its population and activities against its integrity. USD 130 billion will be spent on modernisation of defence forces in the next seven to eight years. The maximum stress will be on indigenous manufacture of defence equipment.’ The Defence Minister made this announcement while inaugurating […]
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Washington: India has embarked on massive arms purchase to increase its level of defence preparedness because of the tension reigning with China on the Line of Actual Control (LAC) in Ladakh. The US agencies informed that India purchased defence equipment worth a whopping USD 3.4 billion from the United States in this year. This defence […]
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Geneva: – An aid of USD 12 billion has been sanctioned on the international level for infrastructure facilities and other projects, in a meeting organised, for rebuilding Afghanistan. But the countries announcing the aid have warned that Afghanistan will have to fulfil certain conditions for availing the assistance. Talks are being held between the Afghan […]
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Male: – India disbursed an aid of USD 25 crores to the Maldives, on Sunday. India is providing this assistance to recover the Maldivian economy, which crashed due to the Coronavirus crisis. It was revealed that the Maldivian economy, entangled in the Chinese debt trap, was sinking. The Maldives fears that it will be in […]
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New York/London: The gold rate spurted on Tuesday against the background of the Coronavirus pandemic, enormous funding by the central banks of various countries and the rising tension between the United States and China. In the transactions in the US markets, the value of gold jumped by 1.7%, reaching the historic high of USD 2,021 […]
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