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India To Settle Trade With Indonesia In Rupees | Dedollarisation: Opportunities & Challenges
India’s de-dollarization efforts are gaining momentum. In 2023, first, Bangladesh, then UAE, and now Indonesia will trade with India using local currencies. Other than that, 18 countries have been allowed by the RBI to use the rupee as a primary currency. In less than 48 hours of signing a memorandum of understanding with the UAE for Rupee-dirham trade India has inked a deal with Indonesia to trade in local currencies.
18 Jul 2023'Everyone screamed': Indonesia earthquake witnesses recount horror
Agus Azhari, 19, was with his mother in their home when the living room was destroyed within seconds by the quake. Recounting the moments, he said ‘everyone around him was screaming’
1 min read21 Nov 2022Indonesia issues tsunami warning after earthquake of magnitude 7.5
The European-Mediterranean Seismological Centre estimated the magnitude at 7.7, placing it at a depth of 5 km (3.11 miles).
1 min read14 Dec 2021Indonesia recovers first black box from crashed plane
Divers just off the coast of the capital Jakarta hauled the jet's flight data recorder to the surface, as the hunt continues for its cockpit voice recorder
3 min read12 Jan 2021Volcano in eastern Indonesia erupts, thousands evacuated
Nearly 2,800 people from at least 28 villages were evacuated from the slopes of Mount Ili LewotolokThe 5,423-meter mountain is one of three currently erupting in Indonesia after Merapi on Java island and Sinabung on Sumatra island
1 min read29 Nov 2020Indonesia now has the worst virus outbreak in Southeast Asia
Indonesia added 4,411 confirmed cases in the 24 hours through midday on Oct. 15, bringing its total to 349,160. The Philippines added just 2,261 cases with its total at 348,698
1 min read15 Oct 2020Muslim protesters march against Indonesia's new labor law
The Job Creation Law approved by Parliament last week is expected to substantially change Indonesia’s labor system and natural resources managementClashes broke out in the afternoon when riot police used tear gas to try to disperse protesters
2 min read13 Oct 20202 strong earthquakes shake western Indonesia, no tsunami
USGS says the magnitude 6.8 earthquake occurred at a depth of 22 kilometers under the sea. It was centered in Bengkulu province on Sumatra islandA 6.9 magnitude quake jolted the area six minutes later, a bit deeper and 13 kilometers from the first
1 min read19 Aug 2020Indonesia's Mount Sinabung spews ash 5,000 metres high into sky
In an unusual morning for Indonesians on Monday, Mount Sinabung volcano erupted ashes as high as 5,000 meters in the skyAuthorities have taken precautionary steps by distributing masks and assisting in cleanliness work
1 min read10 Aug 2020Indonesia's Sinabung volcano ejects towering column of ash
Villagers are advised to stay 5 kilometers (3.1 miles) from the crater’s mouth and should be aware of the peril of lavaSome 30,000 people have been forced to leave homes around the mountain in the past few years
1 min read10 Aug 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared