The Decline of the Petrodollar System
Recent rumors about the expiration of a 50-year-old "petrodollar" agreement between the US and Saudi Arabia, though false, highlight the system's gradual decline.
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Recent rumors about the expiration of a 50-year-old "petrodollar" agreement between the US and Saudi Arabia, though false, highlight the system's gradual decline.
Bangladesh Prime Minister Sheikh Hasina will visit New Delhi for a two-day visit starting Friday, the Indian Ministry of External Affairs said on Thursday, marking Modi's first bilateral state visit to India since taking office for his third term as prime minister.
The decision comes after three consecutive years of disappointing crop yields, leading to a sharp rise in prices.
Rosneft and Reliance Industries have reportedly signed a one-year contract.
India is pushing ahead of Western rivals with its forays into Sri Lanka's graphite industry, strengthening the country's position as a major player in resource extraction by leveraging its expertise in supply chain management, strengthened by its proximity to Colombo and rupee-based trade, experts say.
The airline said it had taken a "more cautious approach" following the incident, which left one person dead and dozens injured.
Adani Group's obsession with the Indian group has been questioned by Western media following a series of reports accusing the company of financial irregularities.
The Northern Sea Route (NSR) is a key element of Russia's Arctic strategy. The Northern Sea Route provides a shorter, more cost-effective shipping route between Europe and Asia, bypassing the traditional route around the Cape of Good Hope through the Suez Canal.
In the first quarter of this year, India recorded a notable increase in exports to Russia by 22%, totaling $1.2 billion, and Russia rose to 28th place in the list of countries sourcing Indian products.
The Russian president said the US imposed tariffs on Chinese electric cars to suppress competition
The Afghan government's proposal to create an oil export route from Russia to South Asia through its territory will not only boost Afghanistan's economy but also strengthen ties with neighboring countries in the energy sector.
Russia has emerged as India's second-largest trading partner, with trade volume reaching $65 billion last year. Now, the South Asian country's top diplomat has stressed that this is not a temporary phenomenon.