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The BRICS alliance is advancing by putting local currencies at the forefront of global trade, not the US dollar. The newly joined members of the bloc, Saudi Arabia and the UAE are partnering with existing members India, China, and Russia to settle oil trade in local currencies. First and foremost, India purchased 1 million barrels of oil from the UAE and settled the transaction with the Rupee. The Indian Oil Corporation (IOC) initiated the payment in Rupees with the UAE’s National Oil Company (ADNOC). Also Read: U.S. Has More Gold in Reserves Than All of BRICS Combined Secondly, India initiated another trade deal by purchasing gold worth $1.7 million from the UAE. All the deals between the two BRICS members occurred in mid-August of this year. Thirdly, India and Saudi Arabia are discussing ways to conduct business without the US dollar. India and Saudi Arabia have initiated talks to settle trade in local currency, ending their reliance on the US dollar. It is reported t...

However, the India n government completely denied these allegations, calling it an “outright lie.” According to the India n government, Jack Dorsey and his Twitter team repeatedly violated India n laws and failed to comply from 2020 to 2022. Misinformation and fake news on social media platforms like Twitter ignited violence during the protests. Former IT Minister Ravi Shankar Prasad said: “At the time, Twitter didn’t comply with India n laws. It is clear that all social media platforms are respected in India but they have to abide by the law of the land.” Union Minister Rajeev Chandrasekhar slams Jack Dorsey , revealing no one was raided or sent to jail. Twitter operated normally and was never shut down. The social media platform only complied in June 2022 after similar events happened in the U.S. Twitter restored blocked accounts after a few hours, claiming block accounts belonging to media companies, journalists, activists, and politicians violate...

Also Read: India Launches E-Rupee Pilot Project; Will It Affect Crypto Market ? advertisement Exchange Until September 2023 The central bank will allow exchange of the ₹2000 banknotes up to September 30, 2023. In view of the public convenience, the RBI also placed a limit of ₹20,000 for single exchange. Fresh issuance of the bank notes will be discontinued with immediate effect, the central bank said in a circular. “With a view to minimize inconvenience to the public, to ensure operational convenience and avoid disruption of the regular activities of bank branches, all banks may exchange ₹2000 banknotes upto a limit of ₹20,000/- at a time.” The actual objective for the launch of Rs 2,000 notes was to meet the immediate currency requirement of the economy after withdrawal of the legal tender status of all ₹500 and ₹1000 banknotes in circulation in November 2016. Therefore, now that the purpose if fulfill...