Berlin: In the wake of the Russia-Ukraine conflict, the process of globalisation has come to a standstill. Besides, there is no possibility of its recovery. At the same time, there is a risk of fuel shortage and inflation is also likely to continue. The head of Deutsche Bank, Christian Sewing, warned that due to these […]
Read More »
Washington/Moscow: Russia is exploring options to overcome sanctions imposed by the West. One of the options is that Russia is planning to buy large amounts of foreign currency. Leading US website Bloomberg has claimed that Russia is planning to buy currencies of friendly countries, which include the Chinese Yuan. Following this report, the Chinese Yuan, […]
Read More »
Washington: The US Federal Reserve has indicated that the interest rate hike would continue to counter inflation for some time. This claim has caused the US Dollar value to jump compared to other currency rates. The Dollar has reached a 20-year-record hike in the Asian markets. The rise in the value of the US Dollar […]
Read More »
Dhaka: Bangladesh Prime Minister Sheikh Hasina will visit India next month. The Bangladesh economy also has taken a big hit due to the Coronavirus pandemic and the subsequent Ukraine conflict and concerns that a situation like Sri Lanka can develop in the country. The reductions in the foreign currency reserves of Bangladesh are proof of […]
Read More »
Budapest: Hungarian Prime Minister Viktor Orban warned that the ongoing conflict in Ukraine has the potential to end the dominance of the West at the international level. The Hungarian Prime Minister has also warned that the West is unlikely to win this conflict militarily. In an interview with a German magazine, Orban concluded that the […]
Read More »
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, […]
Read More »
Dhaka: In Bangladesh, fuel prices were hiked by 50% in one day. After this, the discontent of the Bangladeshi people, who were already suffering from inflation, erupted into huge protests against the government. In some places, these protests turned violent. Also, at some places, the protesters surrounded the fuel pumps and demanded the withdrawal of […]
Read More »
New Delhi: Four days ago, the Indian Rupee reached a record low level against the USD. But developments over the last few days indicate that the Rupee is recovering slowly. Still, warnings are being issued that this slide in the Indian Rupee is a cause for concern. The Minister for Economic Affairs reassured the people […]
Read More »
New Delhi: India has announced a loan of $14.27 billion for around 162 projects in Sri Lanka, Bangladesh, Nepal, Myanmar and Maldives. It has also declared an additional loan worth $14.07 billion for projects across 42 African countries. Minister of State for External Affairs V. Muraleedharan gave this information. Moreover, India’s neighbouring countries and other […]
Read More »
New Delhi – Depreciation of the Indian rupee continued on Tuesday and reached Rs 80.05 against the USD. Warnings are being issued that this depreciation is a cause for concern. But Ajay Seth, Secretary of the Economic Affairs Ministry, has assured that there is no need to get alarmed by this. Ajay Seth pointed out […]
Read More »
