Category: Economy & Finance News

Bitcoin may slide below $30,000 this year as the crypto bubble begins to burst: Invesco

The world’s largest cryptocurrency Bitcoin is expected to see over 50 per cent price decline this year from its peak of around $68,000 in November last year as the Bitcoin bubble begins to deflate, according to investment management firm Invesco. In a list of 10 improbable but possible outcomes for 2022, Invesco’s global head of asset allocation Paul Jackson

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Covid-19: Cases decreased in Delhi, weekend curfew proving to work, says Health Minister Satyendar Jain

Delhi Health Minister Satyendar Jain on Monday said corona cases have decreased in the city over the last four days as the weekend curfew is proving to work and assured migrant workers there will be no lockdown in the national capital. He said the vaccination drive in Delhi completed one year on Monday and a total of 2.85 crore doses have been administered

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Two faces of an Economy in predicament

By Achla Savyasaachi A significantly large population in developing economies across the globe are part of the informal economy. In India, almost 90 per cent of the country’s workforce earn their livelihood as informal workers as per the Economic Survey 2019-20. An IMF policy paper (February 2021) estimated their contribution to the country’s

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Need to be careful about providing excuses for terrorist acts since there cannot be any excuse for terrorism: India

India has said that countries need to be careful about providing excuses for terrorist acts since there cannot be any excuse for terrorism and must not divide themselves on combating one of the biggest challenges facing humanity. India is currently the Chair of the UN Security Council Counter-terrorism Committee for the year 2022. “India will chair the

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Pakistan’s FIA sends notice to global crypto exchange Binance in alleged $100-million scam

Pakistan’s Federal Investigation Agency (FIA) has issued a notice to the world’s largest cryptocurrency trading platform Binance in connection to an alleged crypto scam worth nearly $100 million in the country. According to the notice and subsequent press release issued by Karachi-based FIA, the agency said “On Monday 20th of December, people from all over

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A Closer Look at the Property Market: A year that was and the promises that the New Year brings

We marched into 2021 with a pandemic-riddled economy. The real estate industry was quick to lay the ground work for a quick turnaround, in the way it did business. Making recovery faster than expected with a new phase of growth, innovation, technology, and investment trends. Real estate is a multi-dimensional industry, with many facets to it. While some of

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Crypto/Bitcoin Crash Latest Update: How BTC, ETH, BNB, SOL, AVAX, HEX, DOT, DOGE, SHIB performed in 7 days

Crypto / Bitcoin Crash 2022: The prices of all top cryptocurrency tokens continue to be in the Red since the start of the New Year. The largest cryptocurrency by market capitalisation – Bitcoin – dropped to as low as $41,270 in the last 24 hours before recovering to $42,303 at the time of writing this report, according to CoinMarketCap data.

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Blogger’s Park: Regaining sheen

By Shivaji Dasgupta Quite expectedly, the luxury retail sector in India suffered a 33% dip in the first year of Covid, as per Euromonitor estimates. Quite unexpectedly, the same source confirmed that the sector was fairly close to restoring its stature in 2021, certainly an outcome of evolutionary consumer behaviour. For starters, while 30% of salaried India

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Aligning LCR norms for small biz accounts with Basel standards, RBI hikes funds cap by 50 per cent

The Reserve Bank has increased the threshold for deposits and other funds of non-financial small businesses by 50 per cent to Rs 7.5 crore for the purpose of maintenance of Liquidity Coverage Ratio (LCR), with the aim to better align its regulations with Basel norms and also enable banks to manage liquidity risks more effectively. The existing cap was Rs 5

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Elections 2022 Live Updates: BJP vs Congress on PM’s security breach, EC’s crucial meet with Health Ministry today

The breach in Prime Minister Narendra Modi’s security which led to the cancellation of his rally in Punjab’s Ferozpur on Wednesday has led to a major political controversy. The Ministry of Home Affairs has claimed that despite having intelligence inputs about protesters, Punjab Police did not follow the ‘Blue Book’ and had not

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PM Modi’s pre-election gift to Punjab! To lay foundation stone of Delhi-Amritsar-Katra Expressway

Today, Prime Minister Narendra Modi, in Punjab, will lay the foundation stone of multiple development projects worth over Rs 42,750 crore. These infra projects, according to a statement by Prime Minister’s Office, include Delhi-Amritsar-Katra Expressway; Mukerian-Talwara New Broad Gauge railway line; four laning of Amritsar – Una section; PGI Satellite

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