The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 10.14%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve’s aggressive monetary policy stance to tame inflation. The rupee finished the year at 82.72 to the U.S. currency, down from […]
Vostro accounts are accounts a bank holds on behalf of another, often foreign bank, and this forms a key part of correspondent banking.’ In July 2022, the Reserve Bank of India introduced a new mechanism for international trade settlements in rupees, aiming to promote exports and facilitate imports. Rupee Vostro Accounts […]
The test-firing of the missile from the APJ Abdul Kalam Island off Odisha coast came amid India’s lingering border row with China. The Agni-V project is aimed at boosting India’s nuclear deterrence against China which is known to have missiles like Dongfeng-41 having ranges between 12,000-15,000 km. Agni-V can bring […]
India, with 20 of the most valuable companies in the world, has moved into the fifth position among countries that are home to the world’s top 500 firms. Last year, it ranked ninth with eight companies. The US continued to top the charts, according to the 2022 Hurun Global 500 […]
Last week, Pakistan expresses strong exception to the United States recent decision to add the country to its religious freedom blacklist and exclude India from it, saying the decision is “detached from ground realities of Pakistan”. Last week, the US added Pakistan, China and Latin American adversaries Cuba and Nicaragua, among others, […]
Washington: India, which has a unique strategic character, will not be an ally of the US, but another great power, a top White House official has said, asserting there is no other bilateral relationship that is being “deepened and strengthened” more rapidly than between the two countries over the last 20 […]
Indonesian President Joko Widodo officially handed over the G20 presidency to India on November 16 this year at the summit in Bali. The year-long presidency assumed by India comes at a time when the world is struck with uncertainties about recovery from a pandemic-hit economy. Prime Minister Narendra Modi, in a […]
The world population surged past 8 billion people on Tuesday, the United Nations said, warning that more hardship is in store for regions already facing resource scarcity due to climate change. Whether its food or water, batteries or gasoline, there will be less to go around as the global population […]
Rishi Sunak has scripted history by becoming Britain’s first Indian-origin Prime Minister. His former boss Boris Johnson and Penny Mordaunt could not gather the support of 100 MPs needed to stand in the elections. The former U.K. Treasury chief was runner-up to Ms. Liz Truss in the contest to replace […]
The Federal Reserve is laser-focused on stemming price increases in the United States, but countries thousands of miles away are reeling from its hardball campaign to strangle inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes down the value of […]
During this week UN Human Rights Council was holding a debate on the human rights situation in China’s restive Xinjiang region. Human rights groups have been sounding the alarm over what is happening in the resource-rich north-western Chinese province for years, alleging that more than one million Uyghurs had been detained against their […]
India has overtaken the UK to become the fifth-largest economy in the world. Economists and business executives anticipated that India’s position would continue to improve in the years to come due to greater economic growth. According to figures from the International Monetary Fund (IMF), India passed the United Kingdom (UK) to become […]
India is home to some of the most stunning natural attractions and historical sites in the world. With so many places to visit and things to do, it’s hard to know where to start. But if you want something off-the-beaten path, these 10 destinations are sure to satisfy your wanderlust.
SpaceX has said its U.S.-based Starlink customers will see their broadband service badly disrupted if Dish Network is allowed to use the 12GHz band for its 5G cellular network. The decision is in the hands of the Federal Communications Commission (FCC) as Dish Network and others such as New York-based […]
BTS recently stood up for the Asian community and spoke to the US presidant about Anti-Asian hate. RM, the leader of BTS and a global icon was himself a victim of hate and negativity. He was ridiculed for his looks and the negativity was so intense that he even started […]
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