As of 2024, several countries where Indian currency is higher let travellers with travel insurance to indulge in unforgettable experiences without exceeding their budget.
Imbalance in Russia-India trade & US sanctions have meant Russia is accumulating rupees it can’t use. At stake could be a significant part of India’s imports from Russia.
India must offer the rest of the world sizable amounts of safe, readily available, and convertible assets that could be used as collateral in financial markets.
Moreover, India’s tight capital controls, management of the rupee and, importantly, a smaller share of global exports run counter to aspirations of making it an international currency.
India is an outlier for engaging with Russian economy, which has brought back talk of reviving an old Cold War relic: the rupee-rouble trade. But the rupee is in trouble in Russia.
Ever since sanctions were imposed on Russia, India hasn’t been able to use US dollar to pay for oil. It is said to be looking at using dirhams & rupee, both of which have limitations.
The minerals that Pakistan purports to offer to the US are either in quantities too small to matter, of a type that the US does not need, or would be much more easily sourced from other partners.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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