Despite historical differences and opposition to the Taliban, India has been providing humanitarian relief to Afghanistan even after the Taliban's takeover. The Taliban has approached India for assistance due to the economic and humanitarian crisis in Afghanistan. India has offered aid, infrastructure development, and investment, aiming to prevent a humanitarian disaster and possibly disrupt Pakistan's influence over the Taliban. India's engagement with nationalist Taliban factions reflects its diplomatic finesse in addressing both humanitarian needs and strategic interests, potentially reshaping the geopolitical dynamics of South Asia.
28 Aug 2023India's Reserve Bank's move to allow international trade in Indian rupees aimed to cut the oil import bill and boost rupee adoption. It's shown progress in trade with Nepal, Bhutan, and Russia, with 34 Russian banks approved for Special Rupee Vostro Accounts. Importers pay in rupees, while exporters receive rupees via correspondent banks.
25 Aug 2023In a world challenging the dominance of the US dollar, India's rising economic power seeks to make its rupee a global player. This captivating narrative explores the hurdles and ambitions of India's currency revolution. Amidst debates on convertibility and trade imbalances, the rupee's potential as a vehicle currency and means of payment is examined. With determination and bold steps towards international invoicing, India aims to create a more inclusive global economy. Follow the journey of the Indian rupee as it strives to connect nations, defy odds, and leave its mark on the global stage.
21 Aug 2023Discover how India aims to increase the use of the rupee for cross-border transactions with an RBI-appointed panel's roadmap. Learn how this move can benefit India's exporters, importers, and economy by reducing transaction costs, limiting exchange rate risks, and accessing global financial markets. Explore challenges and recommendations to internationalize the rupee, potentially transforming India's position in the global financial landscape. Stay tuned for insights into the future of India's currency on the world stage.
21 Jul 2023ver the past decade, India has emerged as a cricket superpower, disrupting a colonial hierarchy and demonstrating how market size can create political leverage. India's rise in the International Cricket Council offers insights into how a more powerful India might approach global politics.
26 Jun 2023Discover the latest surge in India's foreign exchange reserves, reaching a nine-month high of $584.76 billion as of April 7th. With various components contributing to this growth, such as foreign currency assets, gold reserves, and Special Drawing Rights, it's important to understand how these factors impact India's economy and the rupee.
28 Apr 2023Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
10 Apr 2023The new announcement by payment gateway NPCI or National Payments Corporation of India has led to confusion among those who depend on Unified Payments Interface (UPI) or mobile payments for their day-to-day transactions. The skepticism was regarding if UPI payments will now be charged or continue to remain free. Clearing the air about the recently introduced interchange charges, NPCI said that bank to bank account transfer via UPI will continue to remain free. There are three ways to transfer money via UPI -- by entering the virtual payment address (VPA) of the receiver, account number and IFSC code or QR code.
10 Apr 2023There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023.
6 Apr 2023Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
2 Apr 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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