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"India is the first jurisdiction in the globe that has moved to T+1 settlement (trade plus one day). We are now talking about one-hour settlement and that will be a stepping-stone to instantaneous settlement. And this will be in a reasonably short period of time," said Buch at the Global Fintech Fest. ....
That was inevitable and that his country seeks to ensure a just settlement by peaceful means they re in russia and he also called on countries to expand trade settlements by using each of their common and individual currencies. he also spoke about the fact that the summit will be held in russia next year. i summit will be held in russia next ear. ~ ., summit will be held in russia next ear. ~ ., ., ., year. i think a lot of the discussion year. i think a lot of the discussion today - year. i think a lot of the discussion today behind year. i think a lot of the - discussion today behind closed doors, obviously speaking in public before, but what is the general tone that you sense coming out? what are the key developments, key discussion points but that the leaders will be talking about? it points but that the leaders will be talking about? talking about? it sounds like it is a unanimous talking about? it sounds like it is a unanimous decision talking about? it sounds like it is ....
SEBI is trying for a new initiative where instant trade settlement will be made that would allow trades to be settled immediately, rather than the current T+1 settlement cycle. ....
Now to india. late last week india signed an agreement with the united arab emirates to allow settlement in trade of rupees and serve dollars. there are reports india s finance minister and her indonesian counterpart discussed a similar proposal ahead of the ongoing 620 proposal ahead of the ongoing g20 meetings in india that are currently under way. these developments come on the back of the indian central bank allowing trade settlements between india, russia, sri lanka and a dozen other countries in rupees last year. these are bold moves, say experts, to push the rupee onto the global stage and could help the global stage and could help the country catch transaction and conversion costs, but there are challenges. a major hindrance is the rupee s full convertibility, where the currency s exchange rate would be left to market factors rather than regulatory intervention as is currently ....
External Affairs Minister S Jaishankar on Saturday said that India and Tanzania have started trade settlements in local currencies and this new initiative will help in promoting commerce between the two countries. Addressing industry leaders at a function, the minister said India-Tanzania bilateral trade has seen very strong growth, and stood at USD 6.4 billion in 2022-23. ....