In a significant announcement, US President Donald Trump on Thursday said that the United States will be increasing its military sales to India by billions of dollars and his administration is paving the way to provide India with F35 Stealth fighters.
He said that BRICS is dead and reiterated his threat to BRICS nations, saying he would impose a 100 per cent tariff on the bloc if they try to replace US dollar with any other currency.
New Delhi [India], February 13: Yandex, a global tech company, develops and open-sources Perforator, an innovative tool for continuous real-time monitoring and analysis of servers and applications.
New Delhi [India], February 12: Yandex, a global tech company, develops and open-sources Perforator, an innovative tool for continuous real-time monitoring and analysis of servers and applications.
Finance Minister Nirmala Sitharaman clarified in the Lok Sabha that India's rising gold reserves, including those held by the Reserve Bank of India (RBI), are not intended to replace any international currency.
US President Donald Trump, while reaffirming the military partnership between the US and Japan, revealed that Japan has committed to doubling its defence spending by 2027 and also highlighted the recent approval of nearly a billion dollars in foreign military sales to Tokyo.
The Indian rupee has been steeply depreciating for the past few weeks. It fell to a record low of 87.29 per dollar on Monday, weighed down by concerns over trade tariffs imposed by US President Donald Trump and global market uncertainties.
White House Press Secretary Karoline Levitt on Monday criticised the US Agency for International Development (USAID) and pointed out projects like USD 1.5 million for Diversity, equity and inclusion programmes (DEI) in Serbia, a transgender opera in Colombia, and a DEI musical in Ireland
According to officials, the robbery was part of a well-planned conspiracy, in which the accused allegedly lured victims with promises of cheap dollars.
In a troubling episode this week, two Indian fishermen from Karaikal sustained injuries after the Sri Lankan Navy allegedly opened fire at them in Jaffna Sea.
He said that there is no serious proposal for the BRICS to come up with an alternative currency to the dollar and called the dollar a "practical convenience" for most nations in the world.
US President Donald Trump warned BRICS nations against moving away from the US dollar, stating that any attempt to introduce a new currency would result in 100% tariffs on trade with the United States. His remarks reaffirm the administration's stance on preserving dollar dominance in glob