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LOCAL CURRENCY SETTLEMENTS
BRICS fin mins, central bank chiefs raise concerns on unilateral trade and finance-related measuresBRICS finance ministers and central bank governors voiced concerns over unilateral trade measures. They backed efforts for cross-border pay...- India urges BRICS to link payment systems, encourage local currency tradeCommerce and Industry Minister Piyush Goyal urged BRICS countries to link payment systems, expand local-currency trade, open markets and si...
- BRICS' trade puzzle: Modi, Putin and Pezeshkian pitch three different fixesThe BRICS Business Forum saw leaders discuss expanding intra-bloc trade and economic resilience. Prime Minister Modi focused on removing tr...
- BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffsBRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased loca...
- India, Russia explore digital currency payments for trade in cross-border breakthroughIndia and Russia are exploring digital currency payments for bilateral trade, potentially opening a faster route for cross-border settlemen...
- BRICS finance ministers discuss possibility of efficient cross-border payment mechanismsBRICS finance ministers and central bank governors are exploring faster and cheaper cross-border payment systems, including greater use of ...
- BRICS flags unilateral tariffs, trade barriers as global risksBRICS finance ministers voiced serious concerns over unilateral trade measures. Higher tariffs and non-tariff barriers are distorting globa...
- India's BRICS play may have a payment plan with no hard cashIndia is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems a...
- India-Russia target $100 billion trade by 2030; BIT fast-tracked as Goyal eyes pharma, textiles and auto exportsIndia and Russia aim to boost their bilateral trade to an impressive hundred billion dollars by 2030, focusing on growth in key sectors suc...
- BRICS 2026: India's chairship and Global South's push for 'endless war to end of war'New Delhi hosts the 18th BRICS Summit amid global conflicts and economic challenges. Developing nations seek this platform to voice concern...
- The BRICS trade boom has a $226 billion hole for IndiaThe dynamics of India's trade with BRICS nations have transformed, with imports outpacing exports and causing the trade deficit to reach $2...
- BRICS Summit in New Delhi: The grand finale is India's moment to navigate a bigger, and more divided blocIndia hosts the BRICS summit, aiming to unify the expanded group. The enlarged bloc now includes major energy producers and consumers, fost...
- BRICS 2026: From bigger to better? The New Delhi summit may put trade, tech and energy in focusBRICS 2026 will test whether the expanded 11-member grouping can translate its growing economic and geopolitical weight into practical coop...
- ‘People’s welfare first’: Russia’s Alipov praises India’s BRICS presidency ahead of Putin visitRussian Ambassador Denis Alipov praised India’s “people-centred” approach to its BRICS presidency, saying the grouping must ensure Global S...
- UPI can do more tricks among BRICSIndia is championing the integration of the Unified Payments Interface (UPI) for cross-border digital transactions within BRICS countries. ...
- BRICS by BRICS: India's journey from seeking reforms to shaping global orderIndia's BRICS engagement has shifted from seeking a voice to offering indigenous solutions. The nation now actively shapes global order wit...
- RBI appoints Suman Ray as Executive Director, to head DICGC and Premises DepartmentSuman Ray will assume the role of Executive Director at the Reserve Bank of India. His appointment is effective from September 1, 2026, as ...
- India-Russia ties to deepen across sectors towards $100 bn trade goal: Russian Deputy Consul GeneralIndia-Russia relations are expected to further deepen and expand across areas of bilateral cooperation as the two countries work towards th...
- India eases rules for rupee export payments, seeks to widen trade settlementIndia has eased export payment rules, allowing rupee settlements with non-Asian Clearing Union countries. This move aims to promote wider u...
- Cross-border trade in local currencies reduces transaction costs: RBI deputy governorLocal currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be lever...
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