India in talks with South Asian countries for cross-border Rupee trade – RBI governor, Shaktikanta Das

India in talks with South Asian countries for cross-border Rupee trade – RBI governor, Shaktikanta Das

New Delhi: Reserve Bank Governor Shaktikanta Das informed that India is discussing with South Asian countries the use of the rupee for cross-border trade. The governors of the Reserve Bank have said that Bhutan and Nepal are trying to use India’s ‘UPI’ facility to a greater extent. While the pilot project of the Digital Rupee […]

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New Russia-Iran trade route opens, bypassing Western sanctions

New Russia-Iran trade route opens, bypassing Western sanctions

Moscow: The International North-South Transport Corridor (INSTC), a trade route connecting Russia and Iran through the Caspian Sea, has become operational. It will provide a major impetus to the trade cooperation between Russia and Iran. US-based newspaper Bloomberg has claimed that this trade route will circumvent Western sanctions imposed on Russia-Iran. The newspaper reported that […]

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EU says US Inflation Reduction Act could harm European industry, and warns of taking the matter to WTO

EU says US Inflation Reduction Act could harm European industry, and warns of taking the matter to WTO

Brussels/Paris/Washington: The Inflation Reduction Act introduced by US President Joe Biden is dangerous for European industries. The European Union (EU) has warned of appealing against it to the World Trade Organization. The finance ministers of Europe discussed this issue and decided to oppose it unitedly in a meeting held on Tuesday. Emmanuel Macron, the president […]

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US trade policies dual faced given Russia-Ukraine conflict – French President Emmanuel Macron slams

US trade policies dual faced given Russia-Ukraine conflict – French President Emmanuel Macron slams

Paris/Washington: Europe has been forced to pay a heavy price for imposing restrictions on Russian fuel imports given the Russia-Ukraine conflict. The displeasure in the European countries on this issue is now coming on the anvil and the French President has directly reprimanded the United States. French President Emmanuel Macron has accused the US Biden […]

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Strengthening of USD is a problem for other economies – IMF warns

Strengthening of USD is a problem for other economies – IMF warns

Washington: The USD is currently at its highest level in two decades and the rest of the world’s economies are suffering the consequences. The International Monetary Fund (IMF) has warned that the USD’s strength is becoming problematic and its effects are beginning to show. This warning from the IMF is getting support from other countries […]

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