Russia starts foreign trade settlements in rupee, more countries to join.

New Delhi: Russia has become the first country to begin settlement of foreign trade in rupee, giving up dollar and euro all together. Recently, a few transactions in the Indian currency involving Russian firms have taken place.

The Reserve Bank of India (RBI) in July this year introduced guidelines to promote the settlement of international trade in rupee.

Comments

Post a Comment

Popular posts from this blog

Excise Policy Scam: CBI issues 'Look Out Circular' against 13 accused including Manish Sisodia

Image
New Delhi: The Central Bureau of Investigation on Saturday issued a Look Out Circular (LOC) against 13 accused including Delhi Deputy Chief Minister Manish Sisodia in the Excise Policy scam, the sources confirmed. Manish Sisodia reacted to the notice and tweeted that he was roaming freely in Delhi and asked the CBI to tell him where to come. Sisodia also added that the country is looking for a leader who can give solutions to inflation, unemployment. He said that the public will give a 'look out notice' to them in 2024. A look out circular prevents an individual from leaving the country and the person can be detained if they are found violating the said condition. During the raid of CBI in Delhi at 31 locations including seven states, two accused were not found during the raid, so the agency opened LoC with immediate effect against the 13 accused. "CBI issues a look out circular (LoC) against 13 accused in Delhi excise police case including deputy chief Ministe...
Read more

Amritsar to host the 2nd G20 EdWG Meeting and Seminar.

Image
14 March 2023 Amritsar Workers prepares the venue of G-20 2nd Education Working Group Meeting on the eve of the event held at Khalsa College, in Amritsar on Tuesday. PHOTO-PRABHJOT GILL AMRITSAR Amritsar: Seminar on ‘Strengthening Research and Promoting Innovation through richer Collaboration’ will be organised at Khalsa College by IIT Ropar with collaborative inputs from prominent Higher Education Institutions such as IISc Bengaluru, IIM Amritsar and TISS Mumbai. Addressing the press conference here today Secretary (Higher Education) Mr. K. Sanjay Murthy informed that the Seminar on 15th March will begin with a presentation from Prof. Govindan Rangarajan, Director IISc Bengaluru on ‘Research Initiatives in G20 countries’ with inputs provided by G20 members and invitee countries in the seminar. The seminar will also include two Panel Discussions, one on ‘Research in Emerging and Disruptive Technologies, Industry – 4.0’ to be chaired by Prof. Rajeev Ahuja, Director, IIT R...
Read more

AAI signs MoU with Sweden to facilitate smart and sustainable aviation technology collaboration.

Image
Airports Authority of India (AAI) and LFV Air Navigation Services of Sweden (LUFTFARTSVERKET) signed a Memorandum of Understanding today at the Corporate Headquarters of AAI in New Delhi. The agreement brings together two air navigation service providers, India and Sweden, with demonstrated capabilities in building and operationalizing the next generation of sustainable aviation technology, to explore smart aviation solutions. This MoU shall pave the way for bi-lateral exchange of aviation expertise and technology between the two countries. It will allow the Indian companies to accelerate growth while leveraging Swedish innovation and expertise. Under the aegis of the MoU, the companies can collaborate in areas of mutual interest. The MoU was signed by Mr. M. Suresh, Member (Air Navigation Services), AAI and Mr. Magnus Corell, Deputy Director General, LFV Sweden. The event was attended by Shri Sanjeev Kumar, Chairman, AAI; Ms. Malin Cederfeldt Östberg, State Secretary, Ministry of Infr...
Read more