Mysore: An organisation called ‘Reports Without Borders’ has done the feat of giving India the 161st position in the ‘Press Freedom Index’ i.e. the list of countries that grant freedom to journalism. In this list, Afghanistan is in the 152nd position, ahead of India. Therefore, it seems that this organisation has claimed that journalists and […]
Read More »
Seoul/ Jakarta: South Korea and Indonesia, among the five leading economies in Asia, have decided to transact in local currencies. A meeting of both countries’ central banks was recently held in South Korea. On this occasion, an agreement was signed to use the local currencies ‘Won’ and ‘Rupiah’ instead of the US dollar in trade […]
Read More »
Beijing – Global Times, a mouthpiece of the Chinese government, claims that India, which the United States has poised against China, is accelerating the de-dollarisation. Global Times reported that India’s preference to trade in rupees depicts its loss of faith in the US dollar. As China is trying to replace the US dollar with its […]
Read More »
Rajkot – India’s international trade will soon be in rupees. For this, banks of other countries are opening Vostro accounts in Indian banks. 60 foreign banks from 18 countries have sought permission from the Reserve Bank of India for this. Union Commerce Minister Piyush Goyal said these countries include the United Kingdom, Singapore and New […]
Read More »
London: Leading organisations like the International Monetary Fund (IMF) and the World Bank have warned of increasing global economic instability. With these warnings, taking note of the recession-like environment in the economy, the leading Central Banks of the world have started taking steps for it. Besides, the world’s leading Central Banks have turned to buying […]
Read More »
New Delhi: At a time when the world is in the shadow of an economic slowdown, India’s trade with other countries in the fiscal year ended March 2023 seems to have touched $1.6 trillion, according to a Global Trade Research Initiative (GTRI) report. GTRI pointed out that the total trade with other countries is 48 […]
Read More »
Seoul: South Korea is on a purchasing spree of advanced military equipment to counter the threat from North Korea. In the latest news, the South Korean government has approved the purchase of Chinook, an advanced combat helicopter from the US. This makes South Korea the country with the highest number of Chinook helicopters after the […]
Read More »
Bengaluru: The United Nations Sustainable Development Solutions Network has released a Happiness Index ranking country on happiness. India is ranked at 126th position and ironically, Pakistan, plagued by hunger and unemployment, ranks 108 ahead of India. Sri Lanka, with a troubled economy, is placed at 112th position, whereas Myanmar, under dictatorship, is ranked 117. The […]
Read More »
Washington/London/Tokyo – Despite the assurances given by President Joe Biden in the wake of the US banking crisis, uncertainty among global investors still remains. This has had a strong impact on global stock markets, including the US and stocks in the banking sector have taken a huge hit. In the US alone, banks suffered losses […]
Read More »
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 […]
Read More »
