Covid-19 pandemic brought out underlining benefits of technology: PM
Bengaluru: By transforming its India headquarters in Bengaluru into a smart campus, Bosch, a supplier of technology and automotive products, is expanding its AIoT (Artificial Intelligence of Things) activities in India
Cryptocurrencies are clear danger, says RBI governor
Reserve Bank of India (RBI) governor Shaktikanta Das termed cryptocurrencies to be a clear danger and said that it has the potential to disrupt financial stability. In the foreword of RBI's latest financial stability report released on Thursday, Das wrote that cryptocurrencies are a speculation under a sophisticated name.
Inflation, geopolitical risks warrant careful handling of situation: RBI
The Reserve Bank of India (RBI) on Thursday said the Indian economy is well on the path of recovery even though inflationary pressures and geopolitical risks warrant careful handling and close monitoring of the situation.
'Rupee relatively better placed than other global currencies'
Emerging market currencies have been falling against dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained inflation and central banks worldwide adopting hawkish monetary policy approach. "We are part of the globalised world. So, we will be impacted (by global developments)," Nirmala Sitharaman said.
European Union inks deal on crypto transfer tracing rules
EU negotiators signed a provisional agreement for the 27-nation bloc's first rules on tracing transfers of crypto assets like bitcoin, which is aimed at clamping down on illicit transfers and blocking suspicious transactions. When a crypto asset changes hands, information on both the source and the beneficiary would have to be stored on both sides of the transfer, according to the new rules.