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India and Russia doubling their rupee-rouble payments has led to several outcomes, one of which is the easier convertibility of the rupee in Russia, resulting in a sixfold increase in corporate deposits since the beginning of the year. This is a direct result of the strengthened economic ties and increased financial transactions between the two countries. Additionally, Sberbank has reported an 80% increase in the number of transactions handled in the first half of 2024, indicating enhanced economic cooperation despite sanctions. The bilateral trade has also grown, reaching $65 billion, with significant exports from Russia to India in the energy sector. Contrary to some options, Chinese businesses have not increased their market share, and Indian businesses are encouraged to export to Russia to fill the gaps left by Western companies.
What condition has been set by the International Olympic Committee (IOC) for France to host the 2030 Winter Olympics?
Which industrial development partnership aims to develop integrated manufacturing clusters in Agra and Prayagraj?
What is the purpose of the Central Tribal University that will be set up in Telangana?
Recently the Central government announce to allocate an additional Rs 28,000 crore for which of the following central flagship programme?
Bajram Begaj has recently become the President of which country?
Which of the following statements is/are not correct?
I. Recently PM Narendra Modi launched the construction of the India International Centre...
What is the primary aim of the joint military exercise AUSTRAHIND 2024?
What is the additional premium charged for including the coverage for employees traveling in their employer's vehicle in motor insurance policies, accor...
Chartered Accountants of India ( ICAI ) signed a Memorandum of Understanding with which Institute to bring professional opportunities for Indian CAs who...
The Passport Index has published its latest update, revealing that India's Mobility Scores has fallen & has India experienced the largest global drop ...