India participated in BRICS Foreign Ministers’ Meeting which began in Russia Monday, the first assignment for India’s foreign policy under third consecutive term of PM Modi.
If India is admitting new members in BRICS with caution, it's likely because the Shanghai Cooperation Organisation is often perceived as China-centric.
Deputy chief of mission at Russian embassy in India Roman Babushkin says BRICS members 'have been taking steps to switch to settlements in national currencies for quite some time now'.
USD has been the world’s reserve currency for over 75 years, but many nations are now seeking to trade in local currencies to reduce costs, avoid sanctions & reshape global financial system.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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