Union Finance Minister Nirmala Sitharaman addressed Mindmine Summit 2022, and said many countries have evinced interest for bilateral trade in the rupee. The announcement and interest came after the RBI announced a mechanism recently. "It isn't the rouble-rupee which was in the old format. Now this (bilateral rupee trade) formulation, which I am glad the RBI has come up at a time which was so critical," said Nirmala Sitharaman.
Courtesy: Press Trust of India
In Sri Lanka, a court has banned former Prime Minister Mahinda Rajapaksa and his allies from leaving the country. The decision was taken over acts of violence against anti-government protestors amid the worst economy on the island. Notably, the MPs and ministers of Sri Lanka are hiding at the naval base on the Eastern coast. Recently, a violent clash broke out due to which a curfew was imposed.
Courtesy: The Free Press Journal