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Indian News

IMF says India will reclaim status of world’s fastest-growing economy, projects 11.5 pc growth

In its latest World Economic Outlook update released on Tuesday, the IMF predicted that India’s gross domestic product (GDP) will grow at the pace of 11.5 per cent in 2021. IMF projections show that India’s economy will grow much better than China which is predicted to grow at 8.1 per cent, followed by Spain (5.9 per cent), France (5.5 per cent) and United States (5.1 per cent).

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Indian startups attract $10.14 billion in funding in 2020: Report

In terms of sectors, e-commerce attracted the highest investment with $3 billion, followed by fintech at $2.37 billion and edtech at $1.52 billion.

The report said Bengaluru, Delhi NCR and Mumbai accounted for 90 per cent of the startup investments in the country, signalling concentration of angel investors and appetite in these regions.

Bengaluru led with $4.3 billion in startup investments, followed by Delhi NCR ($3 billion) and Mumbai ($2 billion).Globally, startups raised over $308 billion in funding, with the US garnering $165 billion.

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IT minister to launch ‘Work from Anywhere’ portal, Tejas Virtual Intelligence tool at NICSI event

Prasad would also launch the ‘Work from Anywhere’ portal, a virtual environment that enables employees to ”access routine applications like e-office, calendar, mail, and other departmental applications and communicate across through VC ensuring safety during this pandemic with social distancing and work assurance from anywhere”.

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Fresh Covid-19 rules: Swimming pools for all, more can watch films in halls

According to these new guidelines, to be effective for February 1, there shall be no restriction on inter-state and intra-state movement of people and goods including those for cross land-border trade under treaties with neighbouring countries.
Social, religious, sports, entertainment, educational, cultural, religious gatherings have already been permitted up to a maximum of 50 per cent of the hall capacity, with a ceiling of 200 people in closed spaces; and keeping of the size of the ground or space in view, in open spaces.

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India records 9,102 fresh COVID-19 cases, 117 fatalities in a day

According to the health ministry, 1,03,45,985 people have recuperated from the disease so far pushing the national COVID-19 recovery rate to 96.90 per cent. The case fatality rate stood at 1.44 per cent.

There are 1,77,266 active cases of coronavirus infections in the country which comprises 1.66 per cent of the total cases reported so far. It was for the seventh consecutive day that the active caseload remaind below 2 lakh.

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RBI says it is open to exploring possibility of digital version of fiat currency

“In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks.”Nevertheless, the RBI is exploring the possibility as to whether there is a need for a digital version of fiat currency and in case there is, then how to operationalise it,” the RBI said in its booklet on ‘Payment Systems in India — Journey in the Second Decade of the Millennium’.

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