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Indian
Cryptocurrencies a clear danger to financial systems: RBI Governor
In the foreword to the 25th issue of the Financial Stability Report...
Over 50K startup employees stare at job loss as India prepares for 200 unicorns
Nearly 12,000 startup employees have been shown the door to date,...
NITI Aayog report forecasts 100 pc electric 2-wheelers penetration by FY27
The sale of electric two-wheelers may cross 220 lakh units by...
LIC may unveil its new embedded value by July 15
Further to its earlier announcement on May 30th 2022, the...
International
Pfizer COVID-19 vaccine causing more allergic reactions than expected
On Monday, a National Institute of Allergy and Infectious Diseases official said the US is looking at why some people have suffered severe allergic reactions shortly after Alkis Togias, chief of the NIAID’s Allergy, Asthma, and Airway Biology Branch, told CNBC that “several hundred people” who have a history of severe allergic reactions will be involved in a study.
Japan aims to eliminate gasoline vehicles by mid-2030s, boost green growth
The “green growth strategy,” targeting the hydrogen and auto industries, is meant as an action plan to achieve Prime Minister Yoshihide Suga’s October pledge to eliminate carbon emissions on a net basis by mid-century.
The government will offer tax incentives and other financial support to companies, targeting 90 trillion yen ($870 billion) a year in additional economic growth through green investment and sales by 2030 and 190 trillion yen ($1.8 trillion) by 2050.
A 2 trillion yen green fund will support corporate investment in green technology.
Air Canada Boeing 737 Max suffers engine problem: Report
Shortly after takeoff, the crew received an indication of hydraulic low pressure in the left engine, the website said. The three-member crew of the empty plane initially decided to continue the flight to Montreal, but shut down the engine and diverted to Tucson after receiving an indication of a fuel imbalance from the left-hand wing, Aviation24.be said.
China to leapfrog U.S. as world’s biggest economy by 2028: think tank
“The COVID-19 pandemic and corresponding economic fallout have certainly tipped this rivalry in China’s favour.”
Japan would remain the world’s third-biggest economy, in dollar terms, until the early 2030s when it would be overtaken by India, pushing Germany down from fourth to fifth.
The United Kingdom, currently the fifth-biggest economy by the CEBR’s measure, would slip to sixth place from 2024.
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