Yuan Overtakes Dollar To Become Most-Used Currency In China’s Cross-Border Transactions
According to official reports, the yuan has overtaken the dollar to become the most-used currency in China’s cross-border transactions, with it being used in 48.4% of all such transactions.
De-dollarisation: Bangladesh Dumps US Currency, Becomes 19th Country To Trade With India In Rupees
The head of Sonali Bank Limited, Md. Afzal Karim, stated that “Bilateral trade with India in taka and INR will reduce pressure on the US dollar.” As Bangladesh dumps US currency and becomes the 19th country to trade with India with rupees, both nations stand to gain from this.
India Top Recipient Of Money From Overseas In 2022 With $100 Billion
TerraPay, a London-based mobile payments provider, has revealed that India was the top recipient of money from overseas in 2022 with $100 billion.
Russia Developing Special Institutions To Mine and Transfer Crypto Across Borders
Due to the economic separation between Russia and the West resulting from the invasion of Ukraine, Russia is developing special institutions to mine and transfer crypto across borders.
The Cost Of Being An Indian Spy. What Happened To Ravindra Kaushik, R&AW’s Black Tiger
Ravindra Kaushik, RAW’s Black Tiger, ended up selling tea outside Gurdaspur after his eighteen-year prison sentence. The spy fought a long and unsuccessful battle for compensation before his death in 2016.
How US Intel Helped India Beat Back China
A source familiar with a previously unreported U.S. intelligence review of the encounter in the Arunachal Pradesh region said that US intelligence helped India beat back China.
After Canada, Australia Rejects Visa Applications Of Indian Students From Punjab, Haryana
According to an Australian Today report citing Times Higher Education After Canada, some Australian universities have started rejecting visa applications of Indian students from the states of Punjab and Haryana.
Here’s How UAE Golden Visa Is Becoming A Game Changer For Wealthy Indians
Real estate prices in European Union countries have risen, causing an increase in investment thresholds and the termination of Golden Visas offered to wealthy individuals. As a result, Indian investors are turning to the United Arab Emirates (UAE) for such residency opportunities, where high net-worth individuals (HNIs) can obtain a 10-year residency visa by investing 2 million dirhams ( ₹21.5 crore) in a real estate asset.
RBI Allows India And Tanzania To Use National Currencies For Trading
The Reserve Bank of India (RBI) has given the go-ahead for India and Tanzania to use their national currencies for bilateral trade settlement. The use of national currencies in bilateral trade settlements is expected to reduce the cost of transactions and enhance the efficiency of cross-border trade. This, in turn, will lead to increased trade volumes and greater economic cooperation between India and Tanzania.
Former Employee Of French Embassy In India Who Forged Tens Of Visas Escapes Country
A former French Embassy in India employee who allegedly issued visas to hundreds of people by using fake documents and without authorisation has escaped the country.