Russia backs India, Brazil for permanent membership in UN Security Council

UNITED NATIONS: Russia has voiced its support for India and Brazil as worthy candidates for permanent membership in the UN Security Council, calling them key international actors. During the 77th Session of the UN General Assembly, Russian Foreign Minister Sergey Lavrov on Saturday expressed his support for India, becoming a permanent member of the Security […]

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Saudi Arabia overtakes Russia to be India’s no 2 oil supplier in August

NEW DELHI: Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed. India, the world’s third biggest oil importer and consumer, shipped in 863,950 barrels per day (bpd) of crude […]

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Many countries interested in bilateral rupee trade: India

NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday said many countries have evinced interest for bilateral trade in the rupee after the RBI announced a mechanism recently. Speaking at Hero Mindmine Summit, she said this along with other steps taken by the government is towards full capital account convertibility. “It isn’t the ruble-rupee which was […]

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