India, Malaysia can now trade in Indian rupee
New Delhi (PTI): India and Malaysia can now use the Indian rupee to settle trade in addition to other currencies, the Ministry of External Affairs (MEA) said on Saturday.
The move follows the decision by the Reserve Bank of India in July last year to allow settlement of international trade in Indian currency.
"Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies," the MEA said.
"This follows the decision by the Reserve Bank of India in July 2022 to allow settlement of international trade in Indian Rupee," it said in a statement.
The MEA said the RBI's initiative is aimed at facilitating the growth of trade and supporting the interests of the global trading community in the Indian rupee.
"India International Bank of Malaysia (IIBM), based in Kuala Lumpur, has operationalised this mechanism by opening a special Rupee Vostro account through its corresponding bank in India that is Union Bank of India," it said.
Vostro accounts are used to make payments in domestic currency.
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55 year old man's organ donation saves lives in Mangaluru
Mangaluru: A 55-year-old man, declared brain dead due to internal brain bleeding after a fall, has given new hope to others through organ donation at Yenepoya Medical College Hospital.
Admitted on January 19, the patient’s condition worsened despite the medical team’s best efforts. After being declared brain dead, the hospital’s team counselled the family, explaining the possibility and impact of organ donation. Honoring the patient’s earlier wish to donate his organs, the family made the courageous decision to proceed.
In a successful retrieval procedure, two kidneys and two corneas were harvested. One kidney and both corneas will be utilized at Yenepoya Hospital, while the second kidney has been allocated to KMC Hospital in Mangaluru.Yenepoya Hospital commended the family for their generosity and strength during this difficult time.
