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The Digital Rupee Needs More Thought, Less Haste

(Bloomberg Opinion) India has surprised the payments world by announcing that its central bank will issue a digital currency as early as the coming financial year, a crucial decision that most other major economies are refusing to make in a hurry. ....

Hong Kong , New Delhi , Nirmala Sitharaman , Bhargavi Zaveri , Andy Mukherjee , Laurent Ashworth , European Central Bank , International Settlements , Alphabet Inc , Walmart Inc , Bloomberg Opinion , Finance Minister Nirmala Sitharaman , Reserve Bank , Google Pay , Beijing Winter , Wechat Pay , Greater Bay , International Settlements , Project Hamilton , From This Writer , Banks Face , Dollar Should , Straits Times ,

The Digital Rupee needs more thought, less haste

India has surprised the payments world by announcing that its central bank will issue a digital currency as early as the coming financial year, a crucial decision that most other major economies are refusing to make in a hurry. According to Finance Minister Nirmala Sitharaman, an electronic representation of India’s legal tender will give a big boost to its digital economy. ....

Hong Kong , New Delhi , Nirmala Sitharaman , Bhargavi Zaveri , Andy Mukherjee , European Central Bank , International Settlement Nexus , Alphabet Inc , Walmart Inc , Finance Minister Nirmala Sitharaman , Reserve Bank , Google Pay , Beijing Winter , Wechat Pay , Greater Bay , Project Hamilton , Business News , Digital Rupee , Indian Economy ,

Business News: India's plan to launch a digital rupee needs more thought, less haste

India's plan to launch a digital rupee needs more thought, less haste : Rashtra News #Indias #plan #launch #digital #rupee #thought #haste India has surprised the payments world by announcing that its central bank will issue a digital currency as early as the coming financial year, a crucial decision that most other major economies are […] ....

Hong Kong , New Delhi , Nirmala Sitharaman , Bhargavi Zaveri , European Central Bank , International Settlement Nexus , Alphabet Inc , Walmart Inc , Finance Minister Nirmala Sitharaman , Reserve Bank , Google Pay , Beijing Winter , Wechat Pay , Greater Bay , Project Hamilton , Digital Rupee ,

Opinion: Digital Rupee Needs More Thought, Less Haste

India has surprised the payments world by announcing that its central bank will issue a digital currency as early as the coming financial year, a crucial decision that most other major economies are refusing to make in a hurry. ....

Hong Kong , New Delhi , Nirmala Sitharaman , Bhargavi Zaveri , European Central Bank , International Settlement Nexus , Alphabet Inc , Walmart Inc , Finance Minister Nirmala Sitharaman , Reserve Bank , Google Pay , Beijing Winter , Wechat Pay , Greater Bay , Project Hamilton , Digital Rupee , Rbi Digital Rupee , Digital Rupee News , Digital Rupee Rbi ,

India's Sustained Economic Recovery Will Require Changes to Its Bankruptcy Law - Carnegie India - Carnegie Endowment for International Peace

Summary
One of the key drivers of economic recovery in India will be the efficient movement of capital from inefficient firms to efficient ones. The economic downturn caused by the coronavirus pandemic has been severe, and India’s economy was one of the worst affected in 2020–2021. Though the economy is recovering faster than initial estimates, sustained economic recovery will not take place if stressed businesses cannot restructure their debts properly or if failing firms cannot be resolved efficiently. India’s bankruptcy law is key to solving these challenges.
In 2016 India enacted the Insolvency and Bankruptcy Code, 2016 (IBC), which was a landmark reform to the nation’s financial system and the first comprehensive law to regulate insolvency. ....

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