India’s central bank signals truce with government
20 November 2018 | 11:19 am
India’s central bank signaled a compromise with the government by agreeing to study a demand for sharing a part of its capital. Mohan Guruswamy, a former finance ministry official and now chairman of the Centre for Policy Alternatives in New Delhi, weighs in with Haslinda Amin on "Bloomberg Markets: Asia."
India fears that a Taliban-controlled Afghanistan would benefit Pakistan. The government is trying to protect its strategic interests.
The yearly practice of "stubble burning" in Northern India has far-reaching effects. Delhi, some 250 kilometers away, once again faces dangerous levels of smog as farmers burn off their fields to prepare for the next crop. It's a major cause of air pollution in the country.
Shrouded in toxic smog, New Delhi has shut down schools and workplaces. Though nations pledged to move away from coal at the UN climate summit, India is reluctant to replace the polluting fuel source.
Following the opening ceremony for what was India's biggest-ever IPO, shares in mobile payment giant Paytm lost a quarter of their value.
Indian police claim two marijuana smugglers were using Amazon's website to order and move their product. Investigators accused the retail giant of "not cooperating" with the authorities.
India's counter-terrorism investigating agency arrested Khurram Parvez, one of the best known activists in Kashmir. He faces several charges, including terror funding.
India may ban the use of all cryptocurrencies, barring a few exceptions, if the government’s bill to "regulate" virtual money is cleared by parliament. The central bank plans to issue its own digital currency.
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
In India, 80 fake social media profiles were blocked across Twitter, Facebook and Instagram. These profiles were part of an influence operation trying to undermine the Sikh community by spreading divisive narratives online. And how do you identify a fake profile photo on social media? Web designer Victor Baissait explains more to our Observers team.
India is pulling out all the stops to avoid a repeat of the devastating wave of delta-fueled infections earlier this year, by ramping up testing while stepping up screening and surveillance of international travelers.
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
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