Business (warning for OPEC and its nations) According to a top official, India, the world’s third-largest energy consumer, has urged Saudi Arabia and other OPEC nations that high oil prices will harm the world’s embryonic economic recovery following the terrible pandemic, and that they must price oil at acceptable levels. After a series of priceContinue reading “High oil prices to hurt world economic recovery: India to OPEC”
Category Archives: Finance
Andhra Pradesh’s total revenue increases by Rs 15,000 crores thanks to COVID-19 tax hike
India (Additional revenue) Citing revenue losses caused by the COVID-19-induced lockdown last year, the state increased various taxes to generate an additional Rs 20,000 crore in revenue per year.
Salman Khan launches India’s first crypto coin, Chingari’s ‘$GARI.’
Technology (Business through cryptocurrency) During the debut of Chingari’s crypto token $GARI, Salman Khan stated, “With the $GARI incentive scheme, they (content creators) will be motivated even more to create newer and more interesting films on the Chingari app.”
Numerous opportunities for investors in India : Nirmala Sitharaman.
Opportunities for India With the current reset in the global supply chain, there are numerous opportunities in India for investors and industry stakeholders, according to Nirmala Sitaraman.
Norton antivirus now supports Ethereum cryptocurrency mining.
Technology(Antiviral cryptocurrency) Customers of Norton 360 will be able to use an Ethereum mining feature in the “coming weeks,” according to the company. Cryptocurrency “mining” works by utilizing the hardware of a computer to perform complex calculations in exchange for a reward. It is unclear what Norton Crypto’s business model is or whether Norton will take a cut of earnings.
Open Source Is Finally Making Its Way Into Financial Services
Technology Open source will catalyse the most significant evolution in the financial services industry to date. This evolution will shift power in this $25 trillion industry away from business executives and toward developers, not just in fintech firms but also in centuries-old incumbents.
Apple joins Blender Development Fund, macOS back as supported platform
Apple – patronage of Blender The Blender Foundation, the organisation behind the popular open source 3D creation tool “Blender,” announced today that Apple has joined the Blender Development Fund as a Patron Member to support Blender’s ongoing core development. Apple will provide engineering expertise and additional resources to the Blender HQ and development community, inContinue reading “Apple joins Blender Development Fund, macOS back as supported platform”
TN govt launches a scheme to convert gold jewellery from temples into gold bars for monetisation
Political service Under a scheme launched by Tamil Nadu Chief Minister MK Stalin, gold received in temples as offerings will be converted into 24-carat gold bars. It has been decided that approximately 2,137 kg of gold jewellery will be melted into gold bars at the government mint in Mumbai before being deposited in nationalised banks.Continue reading “TN govt launches a scheme to convert gold jewellery from temples into gold bars for monetisation”
Govt debt likely to exceed 90% of GDP this year, says IMF report
Economy (Indian debt valuation) The International Monetary Fund (IMF) forecasts that government debt, including that of the Centre and the states, will reach a record 90.6 percent of GDP in 2021-22, up from 89.6 percent the previous year. It will then fall to 88.8 percent in FY23, but will remain above 85 percent for theContinue reading “Govt debt likely to exceed 90% of GDP this year, says IMF report”
UN, World Bank, IMF need urgent reforms, says FM
Reformation of ethics in International Economic institutions Ms Sitharaman stated that “while reforms in countries are taking place at various stages, these global institutions have remained the way they have been for several decades.”Ms Sitharaman stated that “while reforms in countries are taking place at various stages, these global institutions have remained the way theyContinue reading “UN, World Bank, IMF need urgent reforms, says FM”
Coal India scales up; ICRA slashes growth forecast for auto components and more
Expenditure weight on Fuel consumers Global energy prices have continued to rise, putting downward pressure on consumer spending. Oil prices have risen yet again as major producers’ supply restraint during an energy crisis has dealt a blow to major economies. Diesel prices in India rose for the seventh day in a row today. Today, theContinue reading “Coal India scales up; ICRA slashes growth forecast for auto components and more”
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