Search For "currency"
China's "yuan diplomacy": A new form of debt trap
Updated : 2 years, 11 months ago IST
News reports suggested that China has now been trapping African nations into debt and as part of "forgiving" that debt China wants them to use the Chinese CBDC the Digital Yuan for all international commerce, trade and finance payments. By doing so, China has been establishing the Digital Yu
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India's foreign exchange reserves decline 329 mn to USD 578.45 bn
Updated : 2 years, 11 months ago IST
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, fell by USD 4.38 billion to USD 509.691 billion
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Pakistan's politicians are failing their most vulnerable people
Updated : 2 years, 11 months ago IST
No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external creditors who have dumped Pakistani assets, unnerved by highly irresponsible comments from key policymakers. Promises made to the IMF were broken and wild accusations were hur
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RBI's retail pilot of the digital rupee goes live in India's 4 metro citie
Updated : 2 years, 11 months ago IST
New Delhi [India], April 7 (ANI/PNN): As expected, the pilot for the retail digital rupee was launched in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, 2022. The retail digital rupee project started in a closed user group with the participation of four leading lenders, includin
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Bhutan appreciates India for extending Standby Credit Facility, currency s
Updated : 2 years, 11 months ago IST
India also agreed to positively consider Bhutan's request to extend an additional Standby Credit Facility (SCF) for a period of five years.
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Argentina's Flybondi Airlines partners with TravelX to issue all tickets a
Updated : 2 years, 11 months ago IST
New Delhi [India], April 4 (ANI/ATK): As the world evolves and begins embracing the advances of technology, the world of cryptocurrency has revolutionized the financial industry with multiple establishments beginning to accept the crypto and NFTs as currency which has prompted government bod
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Karnataka: DK Shivakumar booked for throwing Rs 500 notes during Mandya ra
Updated : 2 years, 11 months ago IST
During the Congress party's 'Praja Dhwani Yatra' near Bevinahalli in Srirangapatna on March 28, Shivakumar was allegedly seen throwing Rs 500 currency notes at the artists performing in the rally.
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Exploring the future of Altcoins: Will other countries follow El Salvador'
Updated : 2 years, 11 months ago IST
New Delhi [India], April 3 (ANI/ATK): The decision by President Nayib Bukele to make Bitcoin (BTC) the legal tender in El Salvador was met with scepticism and apprehension five months ago. However, as of March 2023, the country is repaying its debts and regaining financial stability, thanks
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Pakistan's debt sustainability indicators worsen, public debt rose signifi
Updated : 2 years, 11 months ago IST
Moreover, with heightening currency risks simultaneously with the rupee sinking, foreign countries are shying away from extending loans to Pakistan, reported The Express Tribune.
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RBI names Neeraj Nigam as new Executive Director
Updated : 2 years, 11 months ago IST
Nigam has, over a span of more than three decades, served in Regulation and Supervision, Human Resource Management, Premises, Currency Management, Bank Accounts and other areas in the Reserve Bank, in its Central Office as well as Regional Offices.
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Debt sustainability indicators worsen in Pakistan
Updated : 2 years, 11 months ago IST
Pakistan's major debt sustainability indicators have witnessed marked deterioration during the first half of this fiscal year in the middle of steep currency devaluation and interest rates hikes, revealed a semi-annual debt bulletin of the finance ministry, The Tribune reported.
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India unveils new Foreign Trade Policy, focus on international trade settl
Updated : 2 years, 11 months ago IST
Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1.
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