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Virtual cash: Nirmala calls for global mechanism to regulate cryptocurrency

December 3, 2021 virendra pandit

Virendra Pandit New Delhi: Finance Minister Nirmala Sitharaman on Friday called for a global mechanism to regulate new technologies, like cryptocurrencies, as no country has a one-point formula to manage it in a borderless technological world. Amid a raging debate on how to regulate virtual currencies, she said at an event organized by Infinity […]

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Accolade: IMF retains, elevates Gita Gopinath as No 2.

December 3, 2021 virendra pandit

Virendra Pandit New Delhi: The International Monetary Fund (IMF) has promoted Gita Gopinath, its first female Chief Economist, as the First Deputy Managing Director (FDMD), preventing her from returning to academia at Harvard University, USA. Gopinath, a world-renowned macroeconomist currently working as the IMF’s Chief Economist, would succeed the incumbent, Geoffrey Okamoto, who plans […]

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Economic cooperation: India joins the G-20 Troika

December 2, 2021 virendra pandit

New Delhi: India has joined the presidency of the Group of Twenty (G-20) Troika, a key international platform for global economic cooperation. As a Troika-member, India (incoming) will work closely with Indonesia (present) and Italy (past president) to ensure consistency and continuity of the G-20’s agenda, the Ministry of External Affairs (MEA) said. India will […]

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Adani Transmission appoints Lisa MacCallum, as an independent director to accelerate sustainable business and ESG excellence goals

December 2, 2021 sanket

Lisa MacCallum, is joining the ATL board to influence the company’s governance best practices, customer, employee and stakeholder experiences and ESG commitment delivery Ahmedabad, 2 December 2021: Adani Transmission Limited (ATL), the largest private transmission company in India and a key listed entity of the diversified Adani Group of Companies today announced the appointment of […]

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Economy: India’s GDP may grow over 9.5% in FY22, says SBI’s Ecowrap

December 1, 2021 virendra pandit

New Delhi: India’s Gross Domestic Product (GDP) is likely to grow over 9.5 percent in the fiscal year 2021-22, the latest research data quoted in the media reports showed on Wednesday. The economy grew at 8.4 percent in Q2FY22, according to data released by the National Statistical Office (NSO) on Tuesday. The growth in the […]

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Cryptos: No proposal to recognize Bitcoin; RBI pushes for digital currency

November 29, 2021 virendra pandit

Virendra Pandit New Delhi: Finance Minister Nirmala Sitharaman on Monday announced that the government has no proposal to recognize Bitcoin as a currency in India. She also informed the Lok Sabha that the government does not collect data on Bitcoin transactions. Her deputy, Minister of State for Finance Pankaj Choudhary told the Lower House […]

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Adani Group Clarifies MSCI Action on Climate Change Indices

November 29, 2021 sanket

Ahmedabad, November, 27: We are disappointed by MSCI’s decision to drop Adani Ports and Special Economic Zone (APSEZ) from some of its Climate Change indices. APSEZ has been far ahead of its industry in stating publicly, more than 15 months back, its absolute commitment to achieving carbon neutrality by 2025. In addition, we are also […]

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Covid-19: VOC Omicron alerts, pushes the world on edge

November 27, 2021 virendra pandit

Virendra Pandit New Delhi: With the World Health Organization (WHO) naming the new and potentially the deadliest yet coronavirus variant as Omicron on Friday, governments rushed to contain the pandemic as they came on edge to face the new situation wherein the South African variant may replace Delta as the highest transmissible strain discovered […]

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54 percent Indians Don’t Want Government to Legalise Cryptocurrencies: Survey

November 25, 2021 Vinayak Barot

New Delhi: The latest survey conducted by the private survey agency LocalCircle on Wednesday said that “Over half of the people surveyed in India are against legalizing cryptocurrencies, but instead to tax them like a digital asset held in a foreign country. The central government is mulling to move a Bill in Parliament regulating all […]

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Asian Development Bank and India sign $300 million loans to improve the health sector in the country

November 24, 2021 Vinayak Barot

New Delhi: The Government of India and the Asian Development Bank (ADB) on Tuesday signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 million from slum areas. Rajat Kumar Mishra, Additional Secretary, Department of […]

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