El Salvador’s President Nayib Bukele said on Saturday that he will send a bill to Congress next week to make bitcoin legal tender in the Central American nation, touting its potential to help Salvadorans living abroad send remittances home.
The association – which represents large telcos like Reliance Jio, Bharti Airtel and Vodafone Idea – argued that India already has strict norms in place and prescribed standards for electromagnetic radiation limit in telecom sector is far more stringent than global-accepted standards.
Niti Aayog Member (Agriculture) Ramesh Chand on Sunday said the second Covid-19 wave will not impact the Indian agriculture sector in any way as rural areas saw the spread of infections in May when agriculture activities remained at a bare minimum. Chand said India’s policies have favoured rice, wheat and sugarcane, and there is a … Continue reading Second Covid-19 wave not to impact India’s agri sector in any way: Niti Aayog
Fugitive diamantaire Mehul Choksi has invited the Indian authorities to interview him and claimed that he left India only to seek medical treatment. “I am a law-abiding citizen,” he said. “I have extended an invitation to Indian authorities to interview me and ask any questions that they may have of me in relation to any … Continue reading ‘Did not evade Indian authorities’, claims Mehul Choksi
Petrol price on Sunday crossed Rs 95 a litre in Delhi and diesel breached Rs 86 per litre mark for the first time ever as fuel prices were hiked again. Petrol price was increased by 21 paise per litre and diesel 20 paise a litre, according to a price notification of state-owned fuel retailers. Petrol … Continue reading Petrol crosses Rs 100/litre mark in 6 states/UTs
‘No talk of change in policy stance’
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RBI governor Shaktikanta Das has made it clear that rates are not going to rise soon and that he would look through price pressures on account of global commodities as long as there was no pick up in demand.
RBI remains concerned about crypto
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In a fresh round of Covid relief measures, the Reserve Bank of India nudged banks to lend to contact-intensive sectors such as hotels, restaurants, tourism, bus operators and other services by opening a Rs 15,000 crore liquidity window for the lenders. It provided another Rs 16,000 crore to SIDBI to meet the short- and medium-term … Continue reading RBI to give booster shot to Covid-hit services, MSMEs
Some Apple Inc workers are resisting a call by management for them to return to the office for three days a week from early September, The Verge reported, citing a letter from the staff.
India’s “confused” government focused on taking credit for its actions, rather than working to restrict the spread of Covid-19, resulting in schizophrenia that led to massive troubles, Nobel laureate Amartya Sen has said.
US President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going — essentially an argument for his agenda. But the employment numbers issued on Friday also hinted at the possible limits of how much government aid can be pumped into the … Continue reading Biden says US jobs report bolsters case for govt spending
Of the two billion Covid-19 vaccine doses distributed globally till now, about 60 per cent have gone to just three countries – the US, India and China, a senior adviser at the World Health Organisation said.
In the notice the ministry of electronics and information technology (MeitY) said, “it is dismayed to note that your (Twitter’s) responses to the ministry’s letters neither address the clarifications sought by this ministry nor indicate full compliance with the rules.”
Prime Minister Narendra Modi on Saturday said the target date for achieving 20 per cent ethanol-blending with petrol has been advanced by five years to 2025 to cut pollution and reduce import dependence.
Digital payments firm Paytm has reported narrowing of consolidated loss to Rs 1,704 crore for 2020-21, according to the company’s annual report. It had posted Rs 2,943.32 crore loss in financial year 2019-20.
GST revenue mop-up remained above the Rs 1 lakh crore-mark for the eight straight month in May at over Rs 1.02 lakh crore. The revenue for May 2021 is lower than the record over Rs 1.41 lakh crore GST collected in April 2021.
Finance ministers from wealthy G7 nations on Saturday pledged to commit to a global minimum corporate tax of at least 15 percent, rallying behind a US-backed plan.”We… commit to a global minimum tax of at least 15 percent on a country by country basis,” said a statement at the conclusion of their London meeting.The G7 … Continue reading G7 nations reach ‘historic’ agreement over global corporate tax
Wipro touched a record Rs 3 lakh crore (or Rs 3 trillion) in market capitalisation, becoming only the third Indian IT company to do so after TCS and Infosys. The company’s shares have seen a strong rally over the past one year, suggesting investor confidence in its strategies under new CEO Thierry Delaporte.
The government has recognised 50,000 startups across the country — helping them avail of benefits across a range of laws and regulations — with as many as 10,000 getting a seal of approval over the last six months. The pace of recognising startups has picked up after the department for the promotion of industry and … Continue reading Government recognises 50,000 startups across India
Union civil aviation minister Hardeep Singh Puri on Friday said that that the disinvestment process of Air India is getting delayed due to the second wave of the Covid pandemic and assured that the disinvestment process will happen in this year.
The Reserve Bank of India on Friday decided to keep key lending rate or repo rate unchanged for the sixth consecutive time in its June policy review meeting. RBI lowered its estimate for economic growth to 9.5% for the current fiscal from earlier projection of 10.5% due to the impact of the second Covid-19 wave. … Continue reading RBI keeps rates unchanged, pegs FY22 GDP growth at 9.5%
Vistara gets US nod to fly to US
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Full service carrier Vistara has got US department of transportation approval to fly to the country. Air India is the only Indian carrier that operates to the US at present. Erstwhile Jet Airways, that stopped flying in 2019, also used to go there.