Centre amends Foreign Trade Policy to allow international trade settlements in Indian Rupees

Nov 09, 2022

The Government of India has made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in...

"Discussions on trade settlements in national currency have been positive within BRICS framework": Foreign Secy Kwatra

Aug 24, 2023

Foreign Secretary Vinay Kwatra said on Thursday that discussions on trade settlements in national currency have been very positive within the BRICS framework.

Rupee, Dirham mechanism is a paradigm shift in making trade settlements: Indian envoy to UAE

Jul 18, 2023

“Now, just like that, the Rupee-Dirham mechanism which we have just signed, is the first one for both of us. In that sense, it's...

India, Sri Lanka agree to enhance INR-LKR trade settlements, encourage investments in island nation to enhance its export potential

Dec 16, 2024

The MEA in a joint statement said, "Both leaders agreed that it is now opportune to further enhance the trade partnership by committing to...

Russian archaeologists uncover Late Neolithic settlements

Feb 04, 2025

Russian archaeologists uncover four Late Neolithic settlements in the Kola Peninsula, shedding light on the ancient Gressbakken culture. The excavations also revealed a Saami...

RBI introduces revised framework for ARC-borrower settlements

Jan 20, 2025

ARCs are now required to frame Board-approved policies governing the settlement of dues. These policies must cover crucial aspects such as the eligibility cut-off...