“Moscow just wouldn’t come running to India’s defense if China decided to invade” was the ominous comment made towards India. In a bizarre series of events, the US has threatened India with consequences for propping up ruble trade and undermining the dollar based financial system.
Although reform is on the way with officials from The Gambia’s central bank suggesting a potential relationship with Nigeria, countries may begin to look internally for currency orders. But yet, the reason behind why 40 African countries print their money in UK, France and Germany even decades after independence is
The fact that Biden is planning a new digital currency is no secret. There are several reasons why you should be very worried about this as it is suspected that such a new proposal will provide the federal government authority over large portions of society and the economy.
Russian Finance Minister Anton Siluanov underlined this week that the country will settle the bill in rubles should the dollar transfer fail. But this has led to concerns as for the time being, Russia has managed to avoid default after J P Morgan processed the funds.
Reliance began stealth seizure of Future stores on Feb. 25. Much of Future management was in the dark about the takeover according to sources. Reliance wants to rebrand the stores and keep Future employees on as per sources. After the takeover of stores, Amazon and Future would commence talks.
Since February 21, when Russia acknowledged the separatist republics of Donetsk and Luhansk in eastern Ukraine, laying the groundwork for the special military operation three days later, Western nations have instituted a succession of economic sanctions against hundreds of Russian political leaders and corporate tycoons who regulate the country’s media,
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the global financial system that allows immediate and secure transfers of money across borders. It is the web that verifies all financial transactions. It links 11,000 banks and institutions in more than 200 countries, with 40 million messages a day. Using SWIFT
India is exploring a rupee payment mechanism with the objective of trying to guarantee that Russian banks and firms open accounts with state-run Indian banks in order to settle trade settlement. This entire scheme is for the purposes of establishing trade with Russia and to avoid sanctions.
A forensic audit was conducted. Every piece of evidence was collected and given to the CBI which aided in revealing how ABG Shipyard managed to pull off India’s biggest fraud spanning 5 years with 28 banks involved and a net Rs 23,000 crore in debt.
Sebi Friday penalised the NSE and its former MDs and CEOs, Chitra Ramkrishna and Ravi Narain, and others for violating securities contract rules in the case related to the appointment of Anand Subramanian. This is how a fake Himalayan yogi guided a former National Stock Exchange MD for the past