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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’.
India likely to double health spending next fiscal year
”The public spend in healthcare needs to increase from the current 1.2 per cent to at least 2.5 per cent of GDP in the next 3 years, much of which should be invested in creating and modernising our infrastructure. Hopefully, the budget for 2021-22 would take the important first step towards this,” Manipal Hospitals MD & CEO Dilip Jose said in a statement.
ConocoPhillips-styled Indian overseas assets seizure to collect $1.4 bn Cairn award
Cairn CEO Simon Thomson in the January 22 letter to Indian High Commissioner in London, with copies marked to Prime Minister”s Office, Finance Minister Nirmala Sitharaman and External Affairs Minister S Jaishankar, the arbitration award is “final and binding” and “the Government of India has an obligation to comply with its terms.”
“As India is a signatory to the New York Convention, the award can be enforced against Indian assets in numerous jurisdictions around the world for which the necessary preparations have been put in place,” he wrote.
131 more COVID deaths, 13203 cases
The COVID-19 caseload rose to 1,06,67,736 with 13,203 more infections. There are 1,84,182 active cases, which is 1.73 per cent of the caseload and it remained below 2 lakh for the sixth consecutive day, according to the ministry data.
As many as 1,03,30,084 people have recuperated, taking the recovery rate to 96.83 per cent,.
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