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FM Nirmala Sitharaman: India plans to bring digital currency by next year0
- Business
- April 28, 2022
India plans to launch digital money by 2023, according to Finance Minister Nirmala Sitharaman. “The government and RBI are looking into its several commercial use purposes and not just financial inclusion, which is largely achieved through the JAM trinity (Jan Dhan-Aadhaar-Mobile),” she said. India’s Finance Minister, Nirmala Sitharaman, stated that the country’s goal is to
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Mansukh Mandaviya claims that 86 percent of India’s elderly population is fully vaccinated against COVID-19.0
- India
- April 27, 2022
Mansukh Mandaviya, the Union Health Minister, announced on Tuesday that over 86 percent of India’s adult population has been fully vaccinated against the new coronavirus. This comes as the total number of vaccination doses given in the country has surpassed 188 crore. Until 7 p.m. on Tuesday, more than 19 lakh (19,67,717) vaccination doses had
READ MORENirmala Sitharaman US semiconductor firms will increase their investments in India; With incentives 0
- Economy
- April 26, 2022
Nirmala Sitharaman, India’s finance minister, met with officials from the US semiconductor sector and asked them to invest more in India. The Finance Minister discussed prospects for enterprises in Silicon Valley, as well as the government of India’s resolve to be a reliable partner in the whole semiconductor value chain, with the Indian Semiconductor Mission
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In FY22, India’s oil import cost more than doubled to $119 billion.0
- Economy
- April 25, 2022
In the fiscal year that ended on March 31, India’s crude oil import bill then doubled to $119 billion, as global energy prices skyrocketed following the restoration of demand and the crisis in Ukraine. According to data from the energy ministry’s Petroleum Planning & Analysis Cell, India, the world’s third-largest oil consumption and importing nation,
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Prime Minister Narendra Modi’s remarks on Guru Tegh Bahadur’s birthday0
- India
- April 22, 2022
On Thursday, Prime Minister Narendra Modi addressed the nation from the Red Fort, declaring that India has never posed a danger to any country or society and that the country upholds the ideals of Sikh gurus. In 1675, the Mughal monarch Aurangzeb assassinated Guru Tegh Bahadur, the ninth Sikh Guru. “This sacred Gurudwara reminds us
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India to provide additional $500-mn assistance to Sri Lanka for fuel0
- International
- April 21, 2022
India will provide an additional $500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’s foreign minister told reporters on Wednesday, adding Bangladesh was also willing to postpone a $450 million in swap repayments. “Assistance by the IMF will take about six months to come to us and it will come in
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IMF official identifies regulating crypto assets and digital currency as priority mid-term issues for India0
- Economy
- April 20, 2022
Regulating crypto assets along with digital currency, addressing the remaining regulatory concerns in the banking sector, and integrating with the global economy are among the few mid-term structural issues for India, a top official from the International Monetary Fund has said. Overall, the IMF is looking at India in “a very positive fashion,” Tobias Adrian,
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Air India flights to Hong Kong cancelled till April 24 amid China’s COVID restrictions0
- India
- April 18, 2022
Air India has canceled flights to Hong Kong between April 18-April 23, 2022, due to ‘restrictions imposed by the Hong Kong authorities and limited demand on the sector, as per an update shared by the airline on Twitter. Earlier, Hong Kong had banned Air India services till April 24 after three passengers on one of its
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India allows duty-free imports of cotton until September to cool prices0
- Economy
- April 14, 2022
India on Wednesday allowed duty-free imports of cotton until September 30 as prices in the local market jumped to a record high because of a drop in the production, the government said in a notification. The world’s biggest producer of fiber also removed the Agriculture Infrastructure and Development Cess (AIDC) on the imports, the government
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