On the other hand, BRICS countries are working on reducing dollar dominance in the global financial system by replacing it with a new global currency.
Amidst geo-political crisis, Russia has become India’s biggest supplier of crude, and most of the transactions are done in rupee. Commerce Secretary Sunil Barthwal said on Wednesday that Rupee-rouble trade has significantly increased. A total of 53 accounts have been opened for rupee-rouble trade.
“There is good progress in terms of opening up of vostro accounts. Trade inquiries are being made,” the secretary said. Vostro accounts enable domestic banks to provide international banking services to clients who have global banking needs.
Will this de-dollarisation and bilateral trades in local currency strengthen Indian rupees? A currency can be termed “international” if it is widely accepted worldwide as a medium of exchange.
The value of a country’s currency and its usage to settle global trade are among the key indicators for gauging its strength.
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Ayushman Bharat enrolments
Free medical treatment up to Rs 5 lakh per family annually.
Two beneficiaries die
The two persons - Nagarbhai Senma (59) and Mahesh Barot (45) - died soon after the angioplasty procedure along with stent placement was performed on them at the Khyati Multispeciality Hospital in Bodakdev area of the city on Monday.
First ever high altitude para centre in world to feature 29 para sports
The world's first high-altitude para sports centre dedicated to training and nurturing para athletes in the country will be established in Leh, Ladakh and will focus on training for international competitions, including the larger goal of preparing para-athletes for the 2028 Paralympics and advancing their skills, confidence, and performance to excel on global platforms.
AUSSIE MEDIA WELCOMES TEAM INDIA AHEAD OF HIGH-OCTANE BGT CLASH
their attention to The Gabba in Brisbane for the third Test, which will be held from The much anticipated Border-Gavaskar series between India and Australia will begin on November 22, with the first Test at Perth
Treesa-Gayatri make first-round exit from Kumamoto Masters
Indian pair of Treesa Jolly and Gayatri Gopichand was knocked out in the opening round of Kumamoto Masters Japan with a defeat in straight games to their opponents from Chinese Taipei, here on Tuesday.
PCB asks ICC to explain India's refusal to send team to Pak for Champions Trophy
The Pakistan Cricket Board (PCB) said Tuesday it has asked the sport's governing body to explain India's refusal to send a team to Pakistan for the Champions Trophy next year.
Uma Mahesh wins gold medal at FISU World University Championship
Uma Mahesh on Monday bagged a Gold medal at the prestigious FISU World University Championship at Karni Singh Stadium in New Delhi.
Shami to return to competitive cricket, to play for Bengal against MP in Ranji Trophy
Premier India pacer Mohammed Shami will make his much-anticipated return to competitive cricket after a hiatus of nearly a year through Bengal's Ranji Trophy match against Madhya Pradesh in Indore from Wednesday, announced Cricket Association of Bengal.
After ODI success, Pak skipper Rizwan eyes Twenty20 series win in Australia
Pakistan's white-ball captain Mohammad Rizwan is confident of winning the upcoming T20 international series in Australia and is also eyeing a whitewash of the home team.
CHANGING THE TRADITIONAL STYLE OF QUESTION PAPER CREATION: REVOLUTIONIZING EXAMINATIONS THROUGH DIGITAL FORMS
In the education sector, where everything is changing quickly, the traditional method of question paper design has long been arduous and time-consuming.
