US criticizes India amid possibility of Russia's proposal for rupee-ruble-denominated payments against Western sanctions

New Delhi: The US and Australia have called out India for considering Moscow's proposal for rupee-ruble-denominated payments using its own mechanism that would sidestep sanctions, including Russia's exclusion from global money transfer network SWIFT, imposed by America and its allies.

Japan offering subsidies to lure its manufacturers out of China, offers subsidies to shift base to India, Bangladesh

Tokyo/IBNS: Japan has said it will give subsidies to its manufacturers who shift base from China to India or Bangladesh, as part of its plans to diversify supply chains, media reports said.