Business

Business & Economy

India: No proposal to recognise Bitcoin as currency: FM

New Delhi, Nov 29 (PTI) The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman told the Lok Sabha on Monday.

She also informed the House that the government does not collect data on Bitcoin transactions.

Replying to a question on whether the government has any proposal to recognise Bitcoin as a currency in the country, the finance minister said, "No, sir".

India: PM Modi to visit UAE in January

New Delhi, Nov 29 (PTI) Prime Minister Narendra Modi may visit the United Arab Emirates (UAE) in January that could be his first trip abroad in 2022, people familiar with the development said on Monday.

Both sides are having talks to firm up the visit which is likely to be focussed largely around the ongoing Dubai Expo.

The India pavilion at the Expo has drawn a huge crowd.

The people cited above said the dates for the proposed visit are yet to be finalised.

New Twitter CEO steps from behind the scenes to high profile

(AP) --- Newly named Twitter CEO Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs.

But his prior lack of name recognition coupled with a solid technical background appears to be what some big company backers were looking for to lead Twitter out of its current morass.

Iran, Turkmenistan and Azerbaijan sign gas swap deal

28 Nov 2021; MEMO: Iran, Turkmenistan and Azerbaijan have signed a gas swap deal for up to 2 billion cubic metres (bcm) per year, Iranian state news agency IRNA reported on Sunday, Reuters reports.

Under the swap deal, Iran will receive gas from Turkmenistan and deliver an equivalent amount to Azerbaijan at the Astara border, Iranian Oil Minister Javad Owji told state TV.

Lebanon: Hezbollah warns of coup against Taif Agreement

29 Nov 2021; MEMO: The head of the Hezbollah bloc in the Lebanese parliament warned on Sunday of a possible coup against the Taif Agreement which ended 15 years of civil war (1975-1990) through which power in the country was split among Muslims and Christians, Anadolu has reported. Mohammad Raad said that the coup would favour the axis in favour of normalisation with Israel.

India: Farmers' leader Tikait demands law to guarantee MSP to farmers

Mumbai, Nov 28 (PTI) Bharatiya Kisan Union leader Rakesh Tikait on Sunday demanded that the Centre bring a law to guarantee Minimum Support Price (MSP) for crops to protect the interest of farmers in the country.

In Mumbai to participate in the 'kisan mahapanchayat' (farmers' mega conclave) at the Azad Maidan under the Samyukta Shetkari Kamgar Morcha (SSKM) banner, Tikait said Prime Minister Narendra Modi was a supporter of the MSP when he was the chief minister of Gujarat and wanted a nationwide law to ensure farmers' interests were guaranteed.

India: Jio announces up to 21% hike in tariffs from Dec 1

New Delhi, Nov 28 (PTI) After Bharti Airtel and Vodafone Idea, India's largest mobile operator Reliance Jio on Sunday announced up to 21 per cent hike in its prepaid tariffs from next month.

The tariff hikes entail JioPhone Plan, Unlimited Plans, and data add on, and range between 19.6 per cent and 21.3 per cent.

UAE considers boosting Turkey foreign reserves with $5 billion currency deal

27 Nov 2021; MEMO: Turkey is reportedly seeking to increase the foreign currency reserves possessed by its central bank, in a currency swap agreement with the United Arab Emirates that could amount to at least $5 billion.

According to the London-based news outlet Middle East Eye, which cited an anonymous senior Turkish official, Ankara and Abu Dhabi are in the process of coming to an agreement which would see the Turkish central bank receiving more foreign currency reserves to aid its economic crisis.

Israel reduces cyber technologies sales amid NSO scandal

27 Nov 2021; MEMO: Amid global scandals regarding Israel's spyware firm, the NSO Group, the Israeli Ministry of Defence has reduced the number of countries to which Israeli companies can sell cyber technologies, The Times of Israel reported on Thursday.

In a report about November updates, the Israeli Ministry of Defence said that it reduced the number of countries to 37, down from 102, the Israeli Calcalist Business News daily said.

Subscribe to Business