Replacing the dollar necessitates not only a rival currency but also an equally robust financial market, trusted institutions, and an ecosystem of banks, investors & payment infrastructure.
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.
The West blocked access to SWIFT for several Russian banks, including Sberbank and VTB, soon after Moscow invaded Ukraine in February last year to target Russian trade.
Electoral competition now appears dominated by welfare delivery and governance metrics, but ideology has not disappeared in Tamil Nadu. Instead, it has become strategic.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
Chief of Defence Staff Gen Anil Chauhan says India’s nuclear capability will not be considered a separate domain, but part of cognitive war in multi domain operations.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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