The Indian government has yet to introduce a cryptocurrency bill. An existing bill seeks to ban cryptocurrencies. However, there have been reports of the government re-evaluating the recommendations within the bill.
The New Indian Express reported Friday that top sources tracking the crypto industry told it that “the government has moved away from its earlier hostile stance towards virtual currencies and will most likely classify bitcoin as an asset class in India soon.” The publication further conveyed:
Market regulator Securities and Exchange Board of India (SEBI) will oversee regulations for the cryptocurrency sector after bitcoin’s classification as an asset class.
The media previously reported that the Indian government will set up a panel of experts to come up with new recommendations to oversee the cryptocurrency industry in India. Sources informed the publication that an expert panel at the Ministry of Finance is working on formulating the country’s cryptocurrency policy. The publication further conveyed:
A cryptocurrency regulation bill is likely to be tabled in the Parliament during the Monsoon session.
The Monsoon session usually starts in July. However, last year, it did not start until September due to the coronavirus crisis. This year, the government expects the session to begin on its normal schedule.
Last week, India’s central bank, the Reserve Bank of India (RBI), issued a notice to banks regarding its April 2018 circular that banned financial institutions from providing services to crypto businesses and traders. The bank said that the circular is no longer valid per the supreme court ruling in March last year, emphasizing that banks cannot quote it when making decisions on cryptocurrency.
The central bank, however, reiterated that its position on bitcoin and other cryptocurrencies has not changed and it still has “major concerns,” RBI Governor Shakthikanta Das said, adding that they have been communicated to the finance ministry
India has recorded close to 10,000 new cases of Covid-19 in the past 24 hours, taking its total above that of Italy.
The country now has the sixth-highest number of confirmed cases in the world, 236,657. There have been 6,649 deaths.
The health system in Mumbai is on the verge of collapse while hospitals in the capital, Delhi, are reportedly running out of space.
Meanwhile, shopping centres, places of worship, restaurants and offices will be allowed to reopen from Monday.
For weeks, India’s relatively low Covid-19 numbers had baffled experts. Despite the dense population, disease and underfunded public hospitals, there was no deluge of infections or fatalities.
Although India has the sixth highest number of cases, it is 12th in fatalities, according to statistics from Johns Hopkins University.
Low testing rates explained the former, but not the latter. The hope – which also encouraged the government to lift the lockdown – was that most of India’s undetected infections would not be severe enough to require hospitalisation. Oat Straw another PE natural remedy used down the ages great link viagra pills without prescription in the preparation of tinctures, teas, and herbal medicines is a wonderful natural treatment for small penis problem involves the use of herbal capsules and herbal oil massage. After sildenafil generico online adjusting the entire data for things including body mass index (BMI), health history, income, and education. You can buy Musli Strong check out that viagra cialis capsules from reliable online stores. They will treat their patient in purchase cialis online an effective way.This is not good when this is an herbal blend.
But the number of rising cases shows that the country could simply be witnessing a late peak in cases, experts say.
Many Indians have taken to social media to talk about patients struggling to receive medical attention, with some hospitals saying they do not even have testing kits left.
Critics say the recent spike in cases shows the lockdown, which was meant to give the government time to ramp up medical facilities and came at huge economic cost, has not worked.
But Gautam Menon, a professor and researcher on models of infectious diseases, earlier told the BBC that the country simply had no other choice.
“Beyond a point, it’s hard to sustain a lockdown that has gone on for so long – economically, socially and psychologically,” he said.
A cyclone moving across the Arabian Sea to the Indian coastal city of Mumbai has intensified, forecasters say.
Cyclone Nisarga, which is approaching from the south-west, would be the first serious cyclone to make landfall in the city since 1891.
Tens of thousands of people have already been moved to higher ground.
With 20 million people, Mumbai is India’s most populous city and its financial capital – and has already been badly hit by the virus outbreak.
At 05:30 local time (00:00 GMT), the Indian Meteorological Department said the cyclone was 215km (134 miles) from Mumbai – and had intensified into a “severe cyclonic storm”.
They later said the cyclone had speeded up, and was moving at around 13 kilometres an hour. There has already been heavy rain in Mumbai since Tuesday.
End of Facebook post by India Meteorological Department
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With more than 40,000 confirmed virus cases, and almost 1,400 deaths, Mumbai is the worst-affected city in India.
The tens of thousands of people evacuated before the cyclone included 150 patients from a recently-built Covid-19 field hospital.
The local government said people living in flimsy homes near the shore were being moved. The coast guard said it had taken 109 fishermen in 18 boats to safety.
The government urged people to secure their homes, prepare an emergency kit, and keep documents and valuables in water-proof containers.
The storm comes barely two weeks after Cyclone Amphan hit India’s east coast.
More than 85 people were killed by Amphan in both eastern India and Bangladesh.
Two Pakistani embassy staff accused of spying have been expelled from India, Indian officials said on Sunday.
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“Two officials of the High Commission of Pakistan in New Delhi were apprehended today by Indian law enforcement authorities for indulging in espionage activities,” a statement from the Indian external affairs ministry said.
The statement added that the officials had been declared persona non grata “for indulging in activities incompatible with their status as members of a diplomatic mission.” They have been asked to leave the country within 24 hours.
Pramod Kushwaha, deputy commissioner of New Delhi Police’s Special Cellanti-terror unit, said the two were “Pakistani nationals” who were engaging in “anti-India activities when they were apprehended.” No further details have been provided clarifying what the alleged activities are.
The ministry also issued Pakistan’s charge d’affaires with a demarche — a formal diplomatic message — lodging a strong protest against the two officials and asking to ensure that “no member of its diplomatic mission should indulge in activities inimical to India or behave in a manner incompatible with their diplomatic status.”
Pakistan’s foreign ministry in Islamabad swiftly condemned the diplomats’ expulsion and accused India of violating the Vienna Convention on Diplomatic Relations.
“Two staff members of the Pakistan High Commission in New Delhi were lifted by the Indian authorities today (31 May 2020) on false and unsubstantiated charges,” the statement said.
“We condemn the detention and torture as well as threatening and pressuring of the diplomatic officials to accept false charges.”
The statement did not go into details about the torture it alleged took place. Pakistan’s foreign ministry said the two men had since been released “on intervention by the High Commission.”
Pakistan’s foreign ministry said the decision to declare the two persona non grata was “accompanied by a negative pre-planned and orchestrated media campaign, which is a part of persistent anti-Pakistan propaganda.”
It said the Indian envoy was summoned and issued a demarche of its own, condemning the “baseless Indian allegations.”
Tit-for-tat expulsions of diplomats between India and Pakistan are common, particularly when tensions over the disputed region of Kashmir are high, or when there are military operations or militant attacks.
Maj. Gen. Shashi Asthana, a retired additional director-general of the Indian Army’s Infantry unit said that members of the Pakistan embassy “have time and again indulged in espionage activities, this time around they have been caught.”
Meanwhile, retired Pakistani army officer, Lt. Gen. Talat Masood said that the practice of expelling diplomats has moved into a “more severe dimension.”
“It’s a time when both countries should be focusing on the pandemic, on the crisis within. Instead hostilities are now broadening and becoming more regional,” he said.
The move comes as relations between the nuclear-armed South Asian neighbors remain fraught.
In August last year, the Indian government stripped Kashmir of its autonomy and special status, prompting Pakistan to downgrade diplomatic relations and suspend bilateral trade with India.
The two countries have had a long-running dispute over Kashmir for more than 70 years.
On Monday, Pakistan sought to frame the move against the High Commission officials as an attempt on India’s part to divert attention away from domestic political issues and the situation in Kashmir.
“Indian attempts to escalate the tensions will not succeed,” the Pakistani foreign ministry statement said.
India has extended its lockdown for another two weeks as it attempts to curb the spread of coronavirus.
The government’s disaster response authority said that new guidelines would be issued, “keeping in view the need to open up economic activities”.
The country went into lockdown on 24 March and schools, public transport and most businesses have been shut since.
India has recorded 2,896 deaths. It has more than 90,000 confirmed coronavirus cases and 53,946 active infections.
It is the fourth time the federal government has extended the world’s largest lockdown, covering 1.3 billion people. India media dubbed the extension “lockdown 4.0”.
What has changed?
Most of the restrictions remain in place – flights, trains, educational institutions, metro services, restaurants, bars, cinemas and shopping complexes will remain closed.
Restaurants will now be allowed to operate takeaway services, while sports complexes and stadiums can host events without spectators, the home affairs ministry said.
And for the first time since the lockdown was announced, private cars and buses can now operate across cities and towns – as well as crossing state borders if they have permission.
Journeys in personal vehicles had been permitted before, but drivers had been discouraged from travelling long distances, often being stopped at police checkpoints and asked where they were headed to.
Essential services – hospitals, pharmacies and groceries – have been allowed operate throughout.
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It will be up to individual state officials to decide whether they wish to allow the easing of restrictions or continue with the previous rules. None of the changes will apply in “containment zones” – areas with especially high number of cases where a perimeter has been imposed to ensure no-one enters or leaves except in case of an emergency.
Have there been other relaxations?
Before this, the government had already relaxed the rules to allow agriculture and related businesses to reopen and operate. And self-employed workers including plumbers, electricians and carpenters were allowed to start working again.
But the the relaxations were allowed only in orange or green zones, which do not have a high number of Covid-19 cases. Tight restrictions continue in red zones, which are seen as hotspots.
The entire country has been divided into these three colour-coded zones. Officials say the zones are being continuously monitored for a rise or fall in cases.
India’s lockdown was it put in place quickly and has come at a massive economic cost, with job losses already crossing 120 million. The surprise announcement – accompanied by the suspension of trains and buses across the country – also stranded millions of migrant labourers. Many began to walk home, desperate to return to their families after finding themselves out of work and money.
The journey has proved fatal for some. At least 24 migrant workers trying to return home were killed in a crash between two lorries in northern India.
Though some trains and buses were restarted for migrants in recent weeks, many say they cannot afford the fare and are unsure if they will find a place on services due to social distancing norms.
At least five states – Telangana, Maharashtra, Punjab, Tamil Nadu and Mizoram – had extended the lockdown until 31 May before Sunday’s announcement by the federal government.
Maharashtra, home to the financial capital Mumbai, is the worst hit, with more than 30,706 active cases – more than half of the national tally. Tamil Nadu comes second, with 10,585 active cases. The state saw a surge in cases recently after a wholesale market emerged as a a big cluster.
Coronavirus shutdowns around the world have pushed countries into crisis-mode, prompting a massive rescue spending in an effort to soften the blow from what is expected to be the worst economic contraction since the 1930s.
As of 7 April, countries around the world had approved more than $4.5tn worth of emergency measures, according to the IMF. That figure has only grown in the weeks since.
So how do the responses compare?
New spending
Columbia economics professor Ceyhun Elgin has been working with colleagues around the world to track the responses in 166 countries.
By his calculations, Japan’s response has been among the most aggressive, with a spending package estimated at roughly 20% of the country’s economy. (It is topped only by Malta, which benefits from European Union funds.)
That compares to rescue spending estimated at roughly 14% of GDP in the US, 11% in Australia, 8.4% in Canada, 5% in the UK, 1.5% in Colombia and 0.6% in Gambia.
But that ranking looks different if measures beyond spending, such as central bank actions, are considered.
In the biggest European countries, for example, government pledges to guarantee new loans provided to businesses hurt by the shutdowns – a move meant to keep banks lending and stave off bankruptcies – has accounted for a major part of the response.
America’s central bank has also stepped in with lending programmes with a similar aim.
Factoring in those kinds of actions puts France at the top of the pack and moves the UK into fifth place, instead of 47th.
Prof Elgin says the biggest responses have occurred in countries that are richer, older – and have fewer hospital beds. Countries like the US and Japan are also in a better position to finance new spending, since investor willingness to buy their bonds means they benefit from low borrowing costs.
However Prof Elgin says size shouldn’t be mistaken for effectiveness, noting that countries are deploying funds differently.
“All the different contents in these packages, they might have different multiplier effects, creating different outcomes,” he says.
Relief directed at companies tends to be a phenomenon of “advanced economies”, says Paolo Mauro, deputy director of the IMF’s fiscal affairs department. While the sums involved are potentially significant, he says such programmes tend to be relatively low risk, since many firms will be able to repay the loans as planned.
Meanwhile, some poorer countries have prepared responses, but will need to get money from international organisations and other donors to execute.
Direct payments
Some strategies can be found in relief plans around the world, such as cash transfers.
In many countries, the aid is targeted at the poor or people working in the informal economy and unlikely to get assistance through other programmes; or else conditioned on a person’s job having been affected by shutdowns.
Canada, for example, is providing CAD 2,000 (£1,150; $1,400) per month for up to four months to those who have lost income due to the pandemic, while Costa Rica is funding a monthly allowance of $220 (£177) for people who have lost their jobs due to the virus. Men who want to enjoy the benefits that it has to offer also. http://deeprootsmag.org/2013/01/15/human-hands-getting-real-close-to-the-word-of-god/ cialis 20 mg This is followed by a visit to every organization, involving interaction with employees and administrators, and is concluded with an evaluation meeting. cialis canada cheap Generally, we don’t pay much attention for common problems and keep ignoring them best buy viagra for later. Being synthetic chemicals, the prescription drugs typically have critical side-effects (e.g. there are documented cases of erectile dysfunction and premature ejaculation. buy discount cialis
The US and some countries in Asia have taken an even broader approach.
All Americans earning under $99,000 – an estimated 90% of households – are due to receive as much as $1,200 (£964) per adult, while South Korea’s central government is sending cheques of up to KRW 1 million (£659; $820) to families in the bottom 70% income bracket.
Hong Kong in February announced a handout of $10,000 Hong Kong dollar ($1,280; £985) per adult; Japan is sending its citizens JPY 100,000 (£752; $931) per person, and Singapore $S600 (£340; $422).
In Europe, in contrast, many countries have opted against one-off bonuses and are relying on relatively strong existing safety net programmes, like the UK’s Universal Credit, to meet the increased needs.
“The difference is in what economists call the automatic stabilisers,” says Mr Mauro of the IMF. “The discretionary response is very large in the United States but when you’re comparing you need to take into account that actually more needs to be done in the US because the social safety nets are smaller.”
Wage subsidies
Another common strategy has been government programmes that help cover payrolls for companies suffering from lockdown measures. The hope is that if firms retain staff it will help the economy bounce back more quickly once the restrictions are lifted.
The Netherlands has put forward one of the most generous plans, pledging to replace up to 90% of wage costs for eligible companies, while France is offering to cover 84% of the gross wage – and up to 100% if a worker makes minimum wage.
The UK’s scheme will pay 80% of earnings of furloughed staff up to £2,500 per employee per month, for at least three months, while Canada will cover 75% of wages for up to three months.
The US, where such programmes were not already widespread, has taken a less direct approach, dedicating more than $650bn to business loans, which do not have to be repaid if firms maintain staffing levels and spend the majority on wages within two months.
The so-called the Paycheck Protection Program has been overwhelmed by demand but it has also been roiled in controversy. There has been widespread outcry about large companies sucking up much of the money, which had been pitched as relief for small businesses.
Other firms have criticised the rules focusing the spending on payrolls, arguing that it is other expenses that threaten their survival, while low-wage staff may be better off receiving newly expanded unemployment benefits.
Providing wage subsidies makes sense if the shutdowns are brief, says Daniel Bunn, vice-president of global projects at the Tax Foundation, a Washington think tank. But they are likely to be less effective if they persist, and significantly alter the contours of the economy.
“The challenge is not knowing how long the economic shutdown is going to last or what position businesses or families or workers will be in on the other side of this,” he says.
For now, he says many countries with the funds on hand have decided to err on the side of doing too much – and it’s too early to tell whether even that will be enough.
The national coronavirus lockdown in India has been extended beyond 4 May for another two weeks.
New guidelines, outlined on Friday, update the country’s designated red, green and orange zoning system.
Red zones are considered hotspots, while considerable relaxations will be permitted in areas considered less dangerous.
India has been under lockdown measures since 24 March, with more than 35,000 cases confirmed nationally.
A new home ministry statement, outlining the extension until 18 May, said there had been “significant gains in the Covid-19 situation”.
But Friday saw a record number of new cases added to the nation’s official tally.
At least 1,100 are known to have died from the virus in India, but many believe the true number of infections and deaths is far higher than what has been reported.
The outbreak has caused large economic disruption across the country, with many labourers deprived of income and millions of migrant workers left stranded in economic hardship.
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Areas will be classified as green zones if they have had no confirmed cases for 21 days, according to the guidelines.
All of India’s major metropolitan areas remain classified as red zones and will stay under strict lockdown measures.
All of the zone classifications have been described as “dynamic” and will be updated weekly, officials say.
India’s lockdown is the largest of its kind in the world, impacting a population of 1.3 billion people.
All travel by air and rail will still be prohibited under the extension, with schools, restaurants and places of worship also remaining shut nationally.
The sudden lockdown, announced by Prime Minister Narendra Modi in March, prompted millions to be stranded across the country.
On Friday some migrant labourers began to travel back to their home states on specially organised train transport.
Indian Prime Minister Narendra Modi has embarked on his five day international visit to UAE
On his website www.narendramodi.in, a detailed statement was posted of the Indian Prime Minister’s international visits to other Nations too.
“I will be visiting France, UAE and Bahrain during 22-26 August 2019.
My visit to France reflects the strong strategic partnership, which our two countries deeply value, and share. On 22-23 .
August 2019, I would have bilateral meetings in France, including a summit interaction with President Macron and a meeting with Prime Minister Philippe. I would also interact with the Indian community and dedicate a memorial to the Indian victims of the two Air India crashes in France in the 1950s & 1960s.
Later, on 25-26 August, I will participate in the G7 Summit meetings as Biarritz Partner at the invitation of President Macron in the Sessions on Environment, Climate, Oceans and on Digital Transformation.
India and France have excellent bilateral ties, which are reinforced by a shared vision to cooperate for further enhancing peace and prosperity for our two countries and the world at large. Our strong strategic and economic partnership is complemented by a shared perspective on major global concerns such as terrorism, climate change, etc. I am confident that this visit will further promote our long-standing and valued friendship with France for mutual prosperity, peace and progress. For instant relief, drink the mixture of baking soda in the levitra overnight shipping water. The PDE5 enzyme, which lowers blood supply to the organ, this anti ED drug helps in keeping in mind is that lovemaking session does not have a direct, isolated effect on cavernous body viagra no prescription fast http://www.slovak-republic.org/zilina/ tissues. It offers effective treatment for enlarged generic viagra on sale prostate gland. This situation impacts 1% with the generic cialis online male HRT treatment alone to the point where intercourse was satisfactory.
During the visit to the United Arab Emirates on 23-24 August, I look forward to discuss with His Highness the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, entire gamut of bilateral relations and regional and international issues of mutual interest.
I also look forward to jointly release the stamp to commemorate the 150th birth anniversary of Mahatma Gandhi along with His Highness the Crown Prince. It will be an honour to receive the ‘Order of Zayed’, the highest civilian decoration conferred by the UAE government, during this visit. I will also formally launch RuPay card to expand the network of cashless transactions abroad.
Frequent high-level interactions between India and UAE testify to our vibrant relations. UAE is our third-largest trade partner and fourth-largest exporter of crude oil for India. The qualitative enhancement of these ties is among one of our foremost foreign policy achievements. The visit would further strengthen our multifaceted bilateral ties with UAE.
I will also be visiting the Kingdom of Bahrain from 24-25, August 2019. This would be the first ever Prime Ministerial visit from India to the Kingdom. I look forward to discussing with Prime Minister His Royal Highness Prince Shaikh Khalifa bin Salman Al Khalifa, the ways to further boost our bilateral relations and share views on regional and international issues of mutual interest. I would also be meeting His Majesty the King of Bahrain Shaikh Hamad bin Isa Al Khalifa and other leaders.
I would also take the opportunity to interact with the Indian diaspora. I will be blessed to be present at the formal beginning of the re-development of the temple of Shreenathji- the oldest in the Gulf region – in the wake of the auspicious festival of Janmashtami. I am confident that this visit would further deepen our relationship across the sectors”.
