The US owes the rest of the world a net of $18 trillion at the moment, which is 73% of its GDP, considerably exceeding the 50% mark that has frequently signalled currency crises in the past, all of which suggest the coming of a post-dollar world.
Reports from TransUnion Cibil’s data have found out that willful loan defaults in India are even higher than the total GDP of 87 countries at Rs 2.4 lakh crore.
The ED submitted an affidavit calling Vivo money laundering an act of financial terrorism, citing an Orissa High Court ruling from 2020.
A notification from the RBI has announced that India now allows international trade settlement in Rupee with Russia, Sri Lanka, and other nations.
Why has the euro fallen to $1 and what does it mean for the rupee? The euro’s decline in value relative to the dollar indicates that investors are shifting funds away from the Eurozone and toward the US.
An angry crowd of protestors stormed the Zhengzhou branch of the Bank of China after their deposits were frozen, resulting in their being unable to withdraw their money.
An initiative has just been launched by Union Bank of India in partnership with Tech Mahindra to enter the Metaverse called Uni-verse.
Indians living abroad sent back $87 billion last year, the most amount of any country the World Bank has been keeping track of. With such a huge sum on the line, India is planning an alternative to SWIFT banking system whichis prone to US sanctions.
Several sources have reported that Russia is defaulting on foreign debt for the first time since the Bolshevik Revolution in 1918.
