Banks are staying away from bitcoin 'bubble' due to money laundering, Credit Suisse CEO says.

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 The Telegraph  December 24, 2020 A new, potentially more infectious variant of the novel coronavirus that causes Covid-19 has been found in Britain in cases linked to South Africa, British health secretary Matt Hancock said on Wednesday.  South Africa’s health department said last week that a new genetic mutation of the virus had been discovered and might be responsible for a recent surge in infections there. “Thanks to the impressive genomic capability of the South Africans, we’ve detected two cases of another new variant of coronavirus here in the UK,” Hancock told a media briefing. “Both are contacts of cases who have travelled from South Africa over the past few weeks.”  Britain is already trying to curb the spread of a mutated strain of the virus which is up to 70 per cent more transmissible, and further studies are being carried out on the new variant. “This new variant is highly concerning, because it is yet more transmissible, and it appears to have mutated ...
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CIBIL- SIDBI study: ‘Despite rate cuts & govt push, MSME credit growth slides’

The Indian Express October 17, 2019 Mirroring the deepening slowdown in the economy, commercial lending exposure in the country has declined 2.6 per cent, or Rs 1,70,000 crore, to Rs 63.8 lakh crore in the June quarter of 2019-20 from Rs 65.5 lakh crore in March 2019, said a TransUnion CIBIL- SIDBI study. Despite several rate cuts by the RBI, micro, small and medium enterprises (MSMEs) have recorded a slide in credit exposure. “Entities having less than Rs 25 crore credit exposure have reported a lower credit growth rate of 12 per cent in the year ended June 2019 as against a growth rate of 23.1 per cent last year. Very small segment (less than Rs 10 lakh exposure) have registered a credit growth of only 11.3 per cent in June as against a growth rate of 26.2 per cent last year,” says the study. Of the Rs 63.8-lakh crore commercial lending exposure, micro and SME segments account for Rs 15.7 lakh crore exposure (24.5 per cent of commercial credit outstanding). While mi...
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How the Tablighi Jamaat Issue Spilled Over Into India-Indonesia Relations

The Wire October 22,2020 When the Indian government detained hundreds of foreign Tablighi Jamaat members for allegedly violating COVID-19 lockdown measures in March, the largest group was from Indonesia, key to New Delhi’s Act East policy. In the past eight months, diplomats from both countries had their jobs cut out to keep a lid on the possible consequences that the arrests of hundreds of Indonesian nationals in India could have on the bilateral relationship. For Indonesia, a quick, quiet resolution of the Tablighi issue was important so that it did not flare up into an issue of domestic political concern. But as the months wore on, Jakarta aired its worries at ASEAN meetings. The Indian side had to deal with an internal security system that initially gave conflicting messages. When the government decided to take stringent action against the Tablighi Jamaat for allegedly breaking lockdown measures for their congregation at Nizamuddin Markaz in Delhi and later, when the visitors trave...
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