Russian Foreign Minister Sergei Lavrov claimed that his nation has accumulated billions of rupees in Indian banks which it can’t use, due to a combination of a growing trade surplus and economic sanctions on Russian banks.
Tag: Economy
Shanghai Cooperation Organisation summit: Jaishankar holds bilateral meetings as foreign envoys arrive in Goa
As representatives of the eight member nations of the Shanghai Cooperation Organisation arrive in Goa for the two-day Foreign Ministers’ Summit today, India’s External Affairs Minister (EAM) Jaishankar is scheduled for bilateral meetings with many of his SCO counterparts.
Joe Biden, Kamala Harris congratulate Indian-origin Ajay Banga on taking charge as 14th World Bank chief
United States President Joe Biden and Indian-American Vice President Kamala Harris congratulated Indian-origin US executive Ajay Banga on taking charge as president of the World Bank.
People around the world celebrate Earth Day 2023
Celebrating Earth Day on April 22, people around the world have geared up for events and information about the environmental impact we have had on our planet.
NRIs remit highest ever USD 107 billion in FY 2022-23: RBI Governor
The Governor of the Reserve Bank of India in a statement announced that inward gross remittances from the NRI for FY 2022–23 had reached a record high of USD 107.5 billion.
India has become fastest-growing major economy despite challenges: Modi
Indian Prime Minister Narendra Modi yesterday virtually addressed the US ‘Summit for Democracy’ at a leader-level plenary.
Japan PM Fumio Kishida arrives in India; set to discuss defense, tech deals
Japanese Prime Minister Fumio Kishida arrived in New Delhi today morning to explore ways to boost bilateral ties in a range of areas, including defence and security, trade and investment, and high technologies.
Biden invites Sunak to White House; likely to discuss fostering economic ties
US President Joe Biden invited British Prime Minister Rishi Sunak to the White House in June.
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC
After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors.
US President proposes doubling down on financial aid to Pakistan
US President Joe Biden has proposed to double the economic support fund to cash-strapped Pakistan to USD 82 million for the fiscal year 2024.
