The weaponization of financial instruments through economic sanctions and resultant supply-chain disruptions have led to unprecedented levels of socioeconomic problems in the world economy. As a result, the nation state(s) started looking at alternatives to settle global payments including India. The Reserve Bank of India issued directives to encourage India’s traders to settle international payment in rupees. As on today, there are more than 35 countries in the world which are willing to settle their trade with India in Indian rupee.
Policymakers in India foresee rupee-trade, not only as an operational arrangement to overcome the challenges arising-out of sanctions on Russia, but more as a strategic choice of safeguarding the economic interests of India. Accordingly, the Government of India is encouraging its trade partners to open a Special Rupee Vostro Account in India. Along with a functional arrangement with Russia, India is at advanced stage of implementation of this arrangement with countries like UAE, Saudi Arabia, Bangladesh, Sudan, Bahrain, Sri Lanka and many other from the Nordic and MENA region.
هذه القصة مأخوذة من طبعة January 22, 2023 من The Sunday Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 22, 2023 من The Sunday Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
WHEN PHILANTHROPY AND SEVA COME NATURALLY
On a bitterly cold January evening a group of devotees of Saint Jalaram are serving hot nutritious food to the homeless and destitute in the Holborn area of London. University students too can be seen in the queues. Saint Jalaram was born in 1799 in Gujarat.
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