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Indian

Railways invites bids for hydrogen fuel-based tech for trains

“The retrofitting of diesel-powered DEMU and converting it into hydrogen fuel-powered train set will not only save the cost to the tune of Rs 2.3 crore annually by converting from diesel to hydrogen, but also save the carbon footprint (NO2) of 11.12 kilo tons per annum and particulate matter of 0.72 kilo tonnes per annum,” the statement said.

Digital currency model likely by the end of year: RBI

Earlier, RBI Governor Shaktikanta Das made it clear that the central bank continues to have concerns with the private digital currency (DCs) which are not regulated and has conveyed the same to the government

International

China’s big bang opening of its $45 trillion financial industry, foreign life insurers can set up 100%-owned units

To kick off the new year, foreign insurers can apply to set up 100%-owned units offering life insurance, a segment that accounts for three-quarters of the Chinese insurance market. Joint ventures — of which ICBC-AXA Assurance Co. is the biggest — brought in 8% of the sector’s total premiums last year, but have not been growing as fast as domestic competitors, according to Fitch Ratings.

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