Author: Economicbuddy

MNRE Proposes Centralized Tendering for 450,000 Solar Pumps under KUSUM Program

The Ministry of New and Renewable Energy (MNRE) has proposed initiating a centralized tendering process for the current year’s target of 450,000 standalone solar pumps under Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) program. The ministry has invited suggestions and comments from all stakeholders on issues like participation in

Bank of England Slams Bitcoin, Praises Stablecoins and CBDCs

Bank of England Slams Bitcoin, Praises Stablecoins and CBDCs Like many other central banks around the world, the Bank of England are still thinking about developing its own digital currency. The Bank of England’s governor today slammed Bitcoin as a substandard method of payment but reiterated the bank’s interest in central bank digital currencies (CBDC) and stablecoins. Despite

India’s move to restrict TV imports reinforces Modi’s make locally drive – industry body

India’s surprise move to restrict imports of TVs, announced on Thursday, will boost local manufacturing, strengthening Prime Minister Narendra Modi’s flagship ‘Make in India’ drive, an industry body said. The Indian trade ministry issued a notice late on Thursday saying it would restrict inbound shipments of TVs by requiring importers to get a special license.
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