16th BRICS summit to begin in Kazan, Russia Tuesday. PM Modi expected to hold bilateral talks with Russian President Putin & Iranian President Masoud Pezeshkian.
The new Swift has been tested to deliver 25.75 kmpl. And after driving both the manual and AMT variants, the trip computer showed I was getting over 22 kmpl.
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.
UPI expansion can allow better cooperation and improve business with other nations hence India can leverage the opportunity to influence the global world, writes Criti Mahajan.
SWIFT messaging system is backbone for financing global trade. US, European Commission, France, Germany, Italy, UK & Canada have excluded Russia’s central bank & some other banks from SWIFT.
While kicking it off would indeed cause severe pain to Russians and the Russian economy in the short term, it also could be too much of a shock to a Western-led payment system.
A report to the central government says Punjab National Bank had debated putting in place safeguards to prevent fraud in 2016, but put no systems in place.
Sometimes, we end up embroidering the truth as we overthink and overanalyse a fastidious lady’s personal wardrobe preferences for significant occasions.
Two sides also announce signing of a Security & Defence Partnership, launch negotiations for an intelligence sharing agreement & explore India’s addition to Horizon Europe programme.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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