India launches pilot digital currency project
02 December 2022 | 1:25 pm
India's central bank hopes a digital rupee will facilitate cheaper and easier financial transactions, as well as protect people from the volatility of private cryptocurrencies.
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A tight security blanket has been imposed on the Indian capital as it prepares to host world leaders. Major disruptions to travel and business are expected.
The first round of the presidential election in the Maldives will take place on Saturday, September 9. Incumbent Ibrahim Solih is running for re-election against Mohamed Muizzu, who has emerged as the main opposition candidate. The polls are taking place against a backdrop of China and India competing for strategic control of the region. Both are seeking to consolidate their economic and political power by financing large infrastructure projects and are actively supporting rival candidates. Our regional correspondents report.
With India now the world's most populous nation, providing enough jobs for young people represents a major challenge. Since contracts in the private sector do not offer job stability, millions of young Indians are vying for government jobs like those for soldiers, station masters or teachers. Although salaries are modest, these positions provide a job for life with some added benefits.
The recent announcement of a US-backed rail and shipping project linking India with the Middle East and Europe is seen as a challenge to Beijing's "Belt and Road Initiative."
Coming off what has been considered a successful G20 summit, India is building on its position as a neutral partner to countries with competing interests.
Maleesha Kharwa is a 15-year-old Indian influencer and model with more than 376,000 Instagram followers, who once lived with her family in a waterfront slum in Mumbai, in a hutment on a shoreline strewn with garbage.
India urged its citizens to "exercise extreme caution" in Canada amid a diplomatic dispute over the killing of a Sikh separatist leader. Canada suggested that Indian agents might be tied to the killing, angering Delhi.
The suspension of visa services is the latest tit-for-tat move following the murder of an Sikh activist in Canada. India's foreign ministry has confirmed the move.
The Indian government is exploring the idea of holding simultaneous elections at the national, state and local levels. But the opposition has slammed it, saying it goes against the spirit of federalism.
Actor Shah Rukh Khan, known as the "King of Bollywood," happens to be a Muslim. Some analysts say his religion has become a painful thorn in the side of Narendra Modi's India, where Hindu nationalism is on the rise.
Secretary of State Antony Blinken has said that the US takes "very, very seriously" incidents of "transnational repression," adding that he wants to ensure "accountability."
Mirwaiz Umar Farooq was taken into custody in 2019, after India revoked Kashmir's autonomous status. Farooq gave a speech at a mosque following his release, where he said he aims for peace in Kashmir.
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