India desires Russia to handle non-tariff obstacles (NTBs) in sectors akin to marine merchandise and prescribed drugs to assist increase Indian exports and cut back the prevailing commerce imbalance between the 2 nations whereas transferring in the direction of assembly the bilateral commerce goal of $100 billion by 2030, officers have mentioned. Prime Minister Narendra … Read more
UPDATED WITH HIGHTLIGHTS AT THE BOTTOM Russia’s fee woes with India might lastly be coming to an finish. Due to allowances made by the RBI, Russian entities now have a bouquet of funding choices — not simply authorities securities and bonds however fairness and loans — to channelise their accumulating rupee stability. “Russia is not … Read more
Russia has managed to make use of up most of its rupee stability, estimated by the business at over $8 billion that had piled up in particular vostro accounts of Indian banks on account of funds made largely for Russian defence purchases, and the matter will not be a serious concern now, officers have mentioned. … Read more