Rajeev Chandrasekhar News

Vedanta joint venture has no impact on India's semiconductor fabrication plant goal, minister of state for electronics and IT Rajeev Chandrasekhar said on Monday. "This decision of Foxconn to withdraw from its JV wth Vedanta has no impact on India's Semiconductor Fab goals. None," Chandrasekhar tweeted.

In a total rejection of the idea of AI taking away jobs from humans, Union Minister Rajeev Chandrasekhar termed it as “nonsense, bakwas, and zero". He reminded people of the 90's decade when people used to think that "Y2K will wipe out the world".

Rajeev Chandrasekhar, India's Minister of Information Technology, has said crypto would face no issue within the country if related laws are followed. 

Crypto technology as a means of payment is logical extension of fintech companies but challenges lie on its usage as an asset class and an alternative to currency, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Thursday. Speaking on sidelines of Fintech Festival, Chandrasekhar said the whole world is grappling with the issue of crypto and has to come to an understanding on the ways and means to address it. «Crypto as a means of payment is logical extension of fintech but crypto as an asset class and crypto as a substitute for currency is an area with which all currencies of the world and all regulators of the world are struggling with. We will find our way with prudence, caution. We have completely clear objective as to who will do crypto in India. The government has said that RBI will do crypto the digital rupee as first measure and then we see how market evolves,» Chandrasekhar said. Finance Minister Nirmala Sitharaman has said that the RBI has expressed concerns over cryptocurrencies noting that they should be prohibited as they can have destabilising effect on the monetary and fiscal stability.

crypto market was back in the green on Friday, with the largest token — Bitcoin — reclaiming the $23,000 levels. Going ahead, it is the US Fed action that will decide the path for this new-age asset class. The Fed is scheduled to meet next week, with the market expecting a 75 basis point rate hike. All the top crypto tokens were trading higher during early hours on Friday. Polygon zoomed 12 per cent, whereas Avalanche and Solana gained 8 per cent. Ethereum and BNB added 5 per cent each.