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Friday, August 12, 2022
De-Dollarization Paves Way for Stronger Rupee
The Reserve Bank of India’s (RBI) decision to permit the rupee in global trade is a precursor to making it an international currency
In China, the pipeline runs down the eastern side of the country, past the capital city of Beijing and down to Shanghai
The new arrangement, if adopted, could potentially shield bilateral trade from the restrictions imposed against Russian companies
The rapid growth of emerging market economies, which have a significant impact on all aspects of the world, accompanies the multipolar development of contemporary international relations. Participating countries are actively interacting with each other to make the BRICS a sustainable and promising platform. One of the most important areas of strengthening ties is investment cooperation
Brazil and India were among the 23 founding members of the General Agreement on Tariffs and Trade (GATT), which entered into force in January 1948. The two countries adopted similar policies to develop their economies based on an import substitution model
The Bank – established by the BRICS countries – started its operations in July 2015. Over the past seven years, NDB has evolved from a start-up to a major provider of development solutions
The BRICS have been catapulted into a position of being the only constellation of forces that challenges the global economic dominance of the G7 developed countries bloc