India’s financial crime-fighting agency said on Friday that WazirX, one of the country's largest cryptocurrency exchanges and its directors, were under investigation for suspected violation of foreign exchange regulations.
By Syndicated Content
By Aftab Ahmed, Aditi Shah and Nupur Anand
NEW DELHI (Reuters) â Expectations for Indiaâs economic growth are being revised sharply lower as a surge in people losing their jobs and defaulting on debt suggest a more halting recovery from the financial shock of the COVID-19 pandemic.
Economists are downgrading their estimates as a range of data â from the rate of cheques bouncing to the amount of mortgaged gold jewellery up for sale â shows the extent of the economic damage from a devastating second wave of the disease.
Some observers also fear the psychological blow from the virus disaster that ripped through India this year killing tens of thousands of people will leave consumer reluctant to spend.
India faces antifungal drug shortage as rare complication adds to COVID-19 woes thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Reuters Rescue operation off the coast of Mumbai - Credit: PIB in Maharashtra
Naval vessels and aircraft scoured the waters off India s west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said.
Cyclone Tauktae unleashed waves of up to 25 feet (7.6 meters) offshore before it hit the states of Maharashtra and Gujarat over the past two days, leaving a trail of destruction that killed 62 others, authorities said.
Naval ships and aircraft have been deployed to search for the 49 still missing from the barge tragedy.