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LOCAL CURRENCY USAGE
From lottery draws to fiscal spending, China broadens digital yuan footprintIn a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and beh...- Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risksIndian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While ...
- Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
- Why AI pricing is becoming a policy questionAI costs are increasing for US models. This signals a need for India to develop its own technology infrastructure. Reliance is entering the...
- After winning poll battles, Modi has picked up a new fightAmidst rising crude oil prices and a weakening rupee, Prime Minister Modi has urged Indians to embrace austerity. His call to reduce fuel c...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- The simple yet powerful plan India could follow to ward off impacts of Iran-like disastersIran war: As geopolitical tensions continue with the looming threat of a restart of the conflict in Iran, India finds itself at a crossroad...
- RBI working to provide avenues to Russian trade counterparts for INR useThe Reserve Bank of India is creating new ways for Russian businesses to use their accumulated Indian rupees. These rupees can now be used ...
- China considering yuan-backed stablecoins to boost global currency usageThe State Council - China's cabinet - will review and possibly approve a roadmap later this month for the greater usage of the currency glo...
- China considering yuan-backed stablecoins to boost global currency usage, sources sayChina is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sou...
- RBI and Bank of Mauritius sign pact on use of local currencies for bilateral transactionsThe Reserve Bank of India and the Bank of Mauritius have signed an MoU to promote the use of Indian Rupee and Mauritian Rupee for cross-bor...
- India executes first Rs 1 crore pulses export to Myanmar under Rupee-Kyat trade settlement mechanismThe first transaction of over Rs 1 crore pulses export from India to Myanmar under the Rupee-Kyat trade settlement mechanism was successful...
- BRICS nations should strengthen cooperation on cross-border payment: ChinaThe leaders of BRICS - Brazil, Russia, India, China and South Africa - agreed at the summit in Johannesburg to encourage more local currenc...
- RBI working group proposes steps to broaden rupee's global reachThe increasing use of the Indian rupee in invoicing and settlement of international trade, as well as in capital account transactions, will...
- SBI Card cautions customers against Bitcoin investmentVirtual currencies are stored in digital/electronic format, making them vulnerable to hacking, loss of password and malware attack which ma...
- Citi India bans use of debit and credit cards to buy bitcoinsCiti India in a message to its customers said it has banned usage of its debit and credit cards for purchase or trading of virtual currenci...
- Cabinet gives nod for pacts by Exim Bank under BRICS mechanismAt an appropriate time, Exim Bank, leveraging this umbrella agreement, could enter bilateral agreement with any of these member institution...
- Thomas Cook India launches 'One Currency Card'Integrated travel and travel related financial services company Thomas Cook India today announced the launch of 'One Currency Card' in coll...
- Uninor operating loss narrows down to Rs 70 cr in second quarterThe carrier posted positive EBITDA on increased revenue and improved gross margin following mobile termination rate cut.
- Five spending options for overseas travelWhether you are a student, business traveller or a vacationer, consider the benefits and drawbacks of each option.
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