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Friday, August 22, 2025
TopicSWIFT

Topic: SWIFT

Payment systems, BRICS expansion & bilateral meets. What to expect as Modi heads to Russia

16th BRICS summit to begin in Kazan, Russia Tuesday. PM Modi expected to hold bilateral talks with Russian President Putin & Iranian President Masoud Pezeshkian.

New Swift mileage shows Suzuki returning to ‘Kitna Deti Hai’. It can be so much more

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.

Unlocking the Perfect Ride: Swift, Tiago, Altroz, and Exter Compared

Choosing the right hatchback can be tricky, with many options available today that cater to different needs and budgets.

India using SWIFT global payment system to settle Russia dollar trade: trade official

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.

SubscriberWrites: Knocking off Russia from SWIFT impacts the world. India can bring digital diplomacy with UPI

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.

Cryptocurrency is the answer to sanctions imposed on Russia

Campus Voice is an initiative by ThePrint where young Indians get an opportunity to express their opinions on a prevalent issue.

How restrictions on Russia using SWIFT system can affect economy of country, rest of Europe

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.

Kicking Russia out of Swift payment system could backfire

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.

Nirav Modi seeks political asylum in UK, ED seeks extradition

ED has written to the external affairs ministry seeking approval to move an application in the UK to initiate extradition proceedings against Modi.

Punjab National Bank discussed fraud prevention in 2016, but didn’t introduce safeguards

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. 

On Camera

Tariffs, chips, and China — how Trump’s trade playbook affects India

Trump’s OBBB is framed to augment domestic semiconductor production and enhance trade protection, even at the expense of certain social programs such as Medicaid, food stamps, and student loans, as well as a projected ballooning federal deficit from US$2.8 to 3.3 trillion

New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC

New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.

Indian firm joins hands with US manufacturer to locally develop all-terrain vehicles for armed forces

Under joint venture, JSW Sarbloh Motors will indigenise and manufacture TX range ATVs in Chandigarh. The first India-assembled unit is expected by early 2026.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?