Author: News Desk
https://youtu.be/gnmWedtq0HY Indian Cryptocurrency firms don’t have a plan B in case of a complete ban on crypto tradeNo Plan B “As an industry, we are in sync with the fact that INR is the only legal tender in India. We need to have faith in our lawmakers,” said Nischal Shetty, Founder, WazirX”Govt will embrace regulations instead of prohibitions, Gaurav Dahake,” Bitbns CEO said. We are not putting in any efforts for any kind of alternate plans,” he said.Most crypto firms are incorporated abroad and a ban would lead to immediate loss.In that case, some would have to transfer operations abroad.
https://youtu.be/nGyMih7kmaA Visa Inc has complained to the US government against India’s RuPay preference. It says India’s “informal and formal” promotion of RuPay hurts Visa in a key market. Visa Inc’s concerns In public, Visa has downplayed concerns about the rise of RuPay, promoted by the Indian government. Visa raised concerns about a “level playing field” in India in a meeting held on August 9. The meeting was between US Trade Representative (USTR) Katherine Tai and company executives. Meanwhile, Mastercard Inc has raised similar concerns privately with the USTR. RuPay accounted for 63% of India’s 952 million debit and credit cards…
https://youtu.be/02RJWhYrtms A parliamentary panel has recommended treating Twitter, Facebook as publishers. The panel also intends to set up a regulatory body to oversee them. Personal data protection bill Recommendations were made after reviewing the personal data protection bill. It seeks to protect users’ privacy and enforce controls on how online companies collect and store data. The current laws on social media as intermediaries are not sufficient. The current provisions in the personal data protection bill are too broad.The report’s recommendations will be presented in the parliament on November 29.
https://youtu.be/9YEZAfek3JA Moody’s says India’s economic growth is expected to rebound strongly in the next FY. The rating agency has pegged the GDP to grow at 9.3% in 2022 and 7.9% in the fiscal year 2023. Vaccination a boon The rising rate of Covid vaccination will support a sustained recovery in economic activity. Consumer demand, spending and manufacturing activity are recovering now. Trends like high commodity prices will propel significant growth in rated companies. The growing government expenditure on infrastructure will support demand for cement and steel, it said. New investments will be supported by rising consumption, domestic manufacturing etc.
https://youtu.be/R8k0PZl9uCA Over one in two Indians don’t want digital currencies to be legalised. But they support the Reserve Bank of India (RBI) to roll out digital currency, a LocalCircles survey said.Vague idea76% want cryptocurrency ads to be put on hold till there is regulatory clarity. 71% of Indians currently have low or zero trust in foreign cryptocurrencies. 51% want the government to roll out its own digital currency and 54% of Indians don’t want the government to legalise cryptocurrency.Cryptocurrency bill On November 23rd, the Government listed “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021” to be presented in the Parliament’s Winter…
https://youtu.be/c9O-vW5W7Ko Airtel has conducted India’s first 5G trial in the 700 MHz band with Nokia. The trial was held on the outskirts of Kolkata and it was the first 5G trial in East India. Airtel has been allotted test spectrum in multiple bands by the Departments of Telecommunications. This is for the validation of 5G technology and use cases. Airtel uses Nokia equipment With the use of the 700 MHz band, Airtel and Nokia were able to achieve high speed wireless broadband network coverage of 40 KM between two 3GPP standard 5G sites in real life conditions. Airtel used NokiaAirScale…
https://youtu.be/QX-CJaBFUns The successful second edition of SHE POWER held in Kozhikode allowed women entrepreneurs to understand digital skills.The programme was conducted in cooperation with the American State Department. Women entrepreneurs, MSME, Startup founders, and members of student startups participated in the event.The new industry licensing method in the paperless era has made entrepreneurship simple, said Union Bank Chief Technical Manager V.K. Adarsh. The future is of collateral-free loans and hence entrepreneurship will be easier, V.K Adarsh added. He spoke about the Stand-Up India scheme and other entrepreneurship schemes. V.K Adarsh also spoke about loans given by various banks. Kerala Startup Mission Project…
https://youtu.be/AvyddFHSbnc Google has added Malayalam and Bengali to Google News Showcase. This will help more readers access news in their language.Google’s expansionGoogle has over 60 partners representing more than 100 publications in 8 languages. We are delighted to partner with the Indian news industry, Google said in a statement.In May, Google News Showcase announced its expansion. It is an online experience and licensing programme to support news organisations and readers.Language orientedRecently, Google had announced other India specific changes It, then, decided to add Hindi to Google Pay’s default language. In September Google had added support for Kannada, Marathi, Tamil and Telugu.…
https://youtu.be/F2AiFAAtoog Greaves Electric Mobility’s largest EV production facility has been opened. The facility in Ranipet is part of the Rs 700 crore investment roadmap laid by the firm.Electric mobility hubThe 35-acre plant would serve as an electric mobility hub for both domestic and overseas markets. The manufacturing unit will help the company expand its market share in the EV market. The production facility is part of the ‘Atmanirbhar Bharat’ campaign. The facility would have a capacity to produce 1.20 lakh units by the end of this financial year. The firm has plans to gradually enhance the production to one million units.The company…
https://youtu.be/1PR1_R6yp_g Ingka Centres has announced an IKEA-anchored mixed-use project in Gurugram. This will be IKEA’s first mall in india. Employment opportunities The firm will invest Rs 3,500 crore on the project. The construction of the mall will start in early 2022. The company expects the project to generate more than 2,500 jobs. This may fuel further growth of organised retail in India, it said. Ingka Group owns IKEA Retail and Ingka Investments Great expectations The new “meeting place” will be developed under the Livat brand. It will be a mix of hospitality, F&B, and edutainment space Peter Betzel, CEO and…