The Reserve Bank of India has launched the pilot for India's e-Rupee or Central Bank Digital Currency. How will it affect the current financial infrastructure and will it change the way people spend money?
University students have been sent home and security forces have been deployed in large numbers on the streets of capital Beijing and Shanghai to quash dissent after days of protests against the government's stringent Covid control measures. The protests slowly spread to over a dozen cities and China resorted to detention, surveillance and censorship to quell further dissent amid a record spike in Covid cases in the country. Although authorities have relaxed some Covid restrictions, like mandatory testing and long quarantine periods in some regions, they have maintained that the 'zero-Covid' policy is here to stay.
The Enforcement Directorate (ED) on Wednesday arrested Amit Arora, a close associate of Delhi Deputy Chief Minister Manish Sisodia, in liquor policy case. Arora is the director of Gurugram-based Buddy Retail. A total of five people have been arrested by the ED in the Delhi Excise policy money laundering case till now. The financial probe agency has so far undertaken 169 search operations in the case, filed after taking cognisance of a CBI FIR which was registered on the recommendation of the Delhi Lieutenant Governor.