New Delhi: The tension between India and China greatly increased because of the Doklam stand-off last year. China has warned that there will be incidents similar to the Doklam stand-off, even this year. Despite the relations of the two countries getting tense, the bilateral trade crossed $84 billion. India suffers a trade deficit of about […]
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New Delhi: After the conflict in Ukraine, the United States imposed sanctions on Russia’s dollar transactions. India and Russia started trading in Rupee-Rouble to avoid the effect on mutual trade. Union Finance Minister Nirmala Sitharaman has said that many countries are eager to do business with Indian Rupee. Sitharaman expressed satisfaction by saying that the […]
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Moscow/Caracas – The Foreign Minister of Venezuela, Yvan Gil Pinto, currently visiting Russia, has announced de-dollarisation from the ongoing bilateral trade with Russia. Foreign Minister Pinto also clarified that the two countries have agreed on this, and the process of using the national currencies is in the final stages. Besides, Russia has welcomed this and […]
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Washington/ Taipei/ Beijing – On Thursday, the US signed the first bilateral trade agreement with Taiwan. US officials expressed confidence that the agreement, being part of the ‘US-Taiwan Initiative on 21st Century Trade’, would further strengthen economic and trade ties between the two countries. There has been a strong reaction from China. China will not […]
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Mumbai – The US has surpassed China to become India’s largest trading partner. It was an eye-opener for China, which came after the 2022-23 trade year details were revealed. China’s Consul General Kong Xianhua admitted that there was a huge gap in bilateral trade with India, and compared to China’s exports to India, India’s exports […]
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New Delhi – Russia has a balanced trade of about $200 billion with China and is keen to increase its bilateral trade with India by proposing and negotiating a free trade agreement through Eurasian Economic Commission, said the Deputy Prime Minister of Russia, Denis Manturov who is currently on his visit to India. He also […]
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New Delhi – The government has instructed Indian traders and banks to avoid using the Chinese Yuan while doing business with other countries. Claims are being made that the government gave this instruction and the Reserve Bank of India as relations between India and China are strained. The news about this has been published by […]
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New Delhi – Australian Prime Minister Anthony Albanese claimed that India and Australia were close friends. He added that they fight each other in cricket stadiums, but both countries were trying to develop a better world together. Addressing a joint press conference after bilateral talks with Prime Minister Modi, the Prime Minister of Australia highlighted […]
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New Delhi: Sri Lanka has agreed to set aside US dollars and trade in Rupee with India. Apart from Sri Lanka, other countries like Russia, Mauritius, Myanmar, Malaysia, Singapore, Israel, and Germany are also willing to trade in Rupee. More than 50 countries have opened Special Rupee Vostro Account-SRBA for transactions. This clearly indicates that […]
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New Delhi: Tension has arisen between India and China over the LAC from Ladakh to Tawang in Arunachal Pradesh. Surprisingly, this tension has not affected the trade between India and China. The annual bilateral trade between India and China has crossed $135 billion. At the same time, India’s trade deficit has exceeded $100 billion. These […]
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