archiveNarendra Modi

The US dollar will continue to exist in the global trade, said the official | Photo Credit: SUKREE SUKPLANG BRICS nations will work on increasing their understanding of the importance of having an alternative mechanism to do trade in national currencies to protect against geopolitical vulnerabilities, but the process is not the same as de-dollarisation, a senior MEA official has said “The dollar (US) will continue to exist in the global trade. It’s the most dominant currency. I don’t think there’s a competition there. It’s just that countries will look for...

Underlining that BIMSTEC is a model for inclusive development and collective security and not merely a regional organisation, Prime Minister Narendra Modi Friday announced more than 20 initiatives — from the mechanism of Home Ministers on security to UPI connecting payment mechanisms, an energy centre to a chamber of commerce.Speaking at the 6th BIMSTEC Summit in Bangkok, Modi said, “BIMSTEC serves as a vital bridge between South and Southeast Asia, and is emerging as a powerful platform for advancing regional connectivity, cooperation and shared prosperity.” “It is a matter of great...

ANI | Updated: Mar 18, 2025 17:35 IST New Delhi , March 18 (ANI): Central banks of India and Mauritius have signed an MoU to enable the use of local currencies for trade.The agreement was to establish a framework to promote trade in the local currencies of both countries.The MoU documents were exchanged in the presence of Prime Minister Narendra Modi and Mauritius counterpart Navinchandra Ramgoolam on March 12, 2025. PM Modi was on a state visit to the island nation, RBI confirmed on Tuesday in a post on X.The...

ANI | Updated: Mar 18, 2025 17:35 IST New Delhi , March 18 (ANI): Central banks of India and Mauritius have signed an MoU to enable the use of local currencies for trade.The agreement was to establish a framework to promote trade in the local currencies of both countries.The MoU documents were exchanged in the presence of Prime Minister Narendra Modi and Mauritius counterpart Navinchandra Ramgoolam on March 12, 2025. PM Modi was on a state visit to the island nation, RBI confirmed on Tuesday in a post on X.The...