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RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
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Finance Minister, Chinese Counterpart Meet, Discuss Global Debt Issues
Finance Minister Nirmala Sitharaman today met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency, including strengthening Multilateral Development Banks and global debt vulnerabilities.
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Pakistan to Get CBDC by 2025, State Bank of Pakistan Commits to Adopt Blockchain Technology
Pakistan is accelerating efforts to roll-out its CBDC in the next two years, by 2025. The development was confirmed by the nation’s finance minister, Asad Umar. The State Bank of Pakistan (SBP) has called the country’s initiative to test its CBDC has been called a ‘testament’ to the nation’s openness towards newer technologies.
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Bank of Japan to Follow Sweden in Cautiously Testing its Digital Yen CBDC
The Bank of Japan wants to leave no stone unturned in researching about each small element related to CBDCs. The country is working on Digital Yen and may reach to a conclusion on whether to release it or not by 2026. Japan aims to take Sweden’s thorough-study approach in developing its CBDC rather than hurrying like China, who launched a large-s...
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China Hesitates On Bailing Out "Sinking Ships" Sri Lanka, Pakistan
Over the past few years, the U.S. has accused China of using "debt diplomacy" to make developing nations across the world more dependent on Beijing.
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Ex-China Development Bank Executive Arrested On Bribery Suspicion: Report
A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China's Supreme People's Procuratorate said on Sunday, amid a series of probes into officials at state financial firms.
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China's Xi Jinping Inspects Ties Between Financial Companies And Private Firms: Report
Chinese President Xi Jinping is scrutinizing the ties that the country's state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on Monday, citing people with knowledge of the plan.
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India Thwarts New China Aggression, Holds Its Ground: 10 Developments
China tried to close in on Indian positions on the South Bank of Ladakh's Pangong Lake on Monday and fired shots in the air, India said today, accusing Beijing of trying to mislead their domestic and international audience. In a statement, the Army asserted that at no stage had Indian soldiers crossed the Line of Actual Control (LAC) or resorted to...
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55 Houses Washed Away After Ganga River Bank Erosion In Bengal's Malda
At least 55 houses were washed away due to erosion of the the banks of Ganga river in West Bengal's Malda district, an official said on Monday. A sudden fall in the water level of Ganga caused severe erosion at China Bazar in the district on Sunday, the Block Development Officer said.
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Jaguar Land Rover Raises $705 Million Loan From Chinese Banks
Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the thr...
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World Bank Not Considering New China Loans To Fight Coronavirus: President
The World Bank is offering technical assistance to China to help battle the coronavirus epidemic but no new loans, the development lender's president, David Malpass, said on Monday.
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China's Belt And Road Can Speed Development, Needs Transparency: World Bank
China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.
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US Offers Military Funding To Sri Lanka, As China Vies For Influence
The United States announced Monday it would grant Sri Lanka $39 million to boost maritime security as China develops its strategic hold on the Indian Ocean island.
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Sri Lanka Secures $1 Billion Loan From China, Amid Mounting Debt
Sri Lanka's central bank on Friday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing's ambitious Belt and Road initiative, develops closer relations with Asia's largest economy.
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Relief For RCom! China Development Bank Withdraws Insolvency Petition
The biggest foreign lender to Reliance Communications withdraws petition seeking to drag the indebted telecoms carrier into insolvency.
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RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
-
Finance Minister, Chinese Counterpart Meet, Discuss Global Debt Issues
Finance Minister Nirmala Sitharaman today met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency, including strengthening Multilateral Development Banks and global debt vulnerabilities.
-
Pakistan to Get CBDC by 2025, State Bank of Pakistan Commits to Adopt Blockchain Technology
Pakistan is accelerating efforts to roll-out its CBDC in the next two years, by 2025. The development was confirmed by the nation’s finance minister, Asad Umar. The State Bank of Pakistan (SBP) has called the country’s initiative to test its CBDC has been called a ‘testament’ to the nation’s openness towards newer technologies.
-
Bank of Japan to Follow Sweden in Cautiously Testing its Digital Yen CBDC
The Bank of Japan wants to leave no stone unturned in researching about each small element related to CBDCs. The country is working on Digital Yen and may reach to a conclusion on whether to release it or not by 2026. Japan aims to take Sweden’s thorough-study approach in developing its CBDC rather than hurrying like China, who launched a large-s...
-
China Hesitates On Bailing Out "Sinking Ships" Sri Lanka, Pakistan
Over the past few years, the U.S. has accused China of using "debt diplomacy" to make developing nations across the world more dependent on Beijing.
-
Ex-China Development Bank Executive Arrested On Bribery Suspicion: Report
A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China's Supreme People's Procuratorate said on Sunday, amid a series of probes into officials at state financial firms.
-
China's Xi Jinping Inspects Ties Between Financial Companies And Private Firms: Report
Chinese President Xi Jinping is scrutinizing the ties that the country's state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on Monday, citing people with knowledge of the plan.
-
India Thwarts New China Aggression, Holds Its Ground: 10 Developments
China tried to close in on Indian positions on the South Bank of Ladakh's Pangong Lake on Monday and fired shots in the air, India said today, accusing Beijing of trying to mislead their domestic and international audience. In a statement, the Army asserted that at no stage had Indian soldiers crossed the Line of Actual Control (LAC) or resorted to...
-
55 Houses Washed Away After Ganga River Bank Erosion In Bengal's Malda
At least 55 houses were washed away due to erosion of the the banks of Ganga river in West Bengal's Malda district, an official said on Monday. A sudden fall in the water level of Ganga caused severe erosion at China Bazar in the district on Sunday, the Block Development Officer said.
-
Jaguar Land Rover Raises $705 Million Loan From Chinese Banks
Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the thr...
-
World Bank Not Considering New China Loans To Fight Coronavirus: President
The World Bank is offering technical assistance to China to help battle the coronavirus epidemic but no new loans, the development lender's president, David Malpass, said on Monday.
-
China's Belt And Road Can Speed Development, Needs Transparency: World Bank
China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.
-
US Offers Military Funding To Sri Lanka, As China Vies For Influence
The United States announced Monday it would grant Sri Lanka $39 million to boost maritime security as China develops its strategic hold on the Indian Ocean island.
-
Sri Lanka Secures $1 Billion Loan From China, Amid Mounting Debt
Sri Lanka's central bank on Friday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing's ambitious Belt and Road initiative, develops closer relations with Asia's largest economy.
-
Relief For RCom! China Development Bank Withdraws Insolvency Petition
The biggest foreign lender to Reliance Communications withdraws petition seeking to drag the indebted telecoms carrier into insolvency.
