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crypto assets could threaten the effectiveness of monetary policy,” noted the Synthesis Paper developed by the International Monetary Fund (IMF) and Financial Stability Board (FSB) at the request of the Indian G20 Presidency. The risks of crypto-assets or virtual digital assets (VDA) assuming the status of a “shadow” currency has also been a key concern articulated by the Reserve Bank of India (RBI), prompting the Indian financial services regulator to push for a complete ban on crypto-assets. An important consensus from the New Delhi Declaration adopted by G20 leaders is that a global coordinated approach to crypto-asset regulation is required. A key challenge faced by regulators across jurisdictions when looking to supervise crypto-assets is the blurring of geographical boundaries. Any person with access to the internet can transact on a blockchain-based private cryptocurrency, allowing for seamless transactions with counterparties across multiple jurisdictions. Several crypto-assets operate without any intermediaries, making regulation even more difficult. Consequently, a framework that has “buy-in” from regulators across jurisdictions is the only effective way to regulate crypto-assets. The Synthesis Paper seeks to address this very problem. It sets out a comprehensive policy and regulatory response to address the financial stability and macroeconomic risks triggered by the widespread use of crypto-assets. Regulators across jurisdictions will still need to frame their own rules but can rely on the broad policy recommendations of the IMF and FSB (as set out in the Synthesis Paper).

India's G20 Presidency was «challenging» as it came amid «a very sharp» East-West polarisation and «very deep» North-South divide, External Affairs Minister S Jaishankar has said. The remarks by Jaishankar came at a special 'India-UN for Global South: Delivering for Development' side event he hosted here on Saturday on the margins of the 78th session of the UN General Assembly. «We meet just a few weeks after the New Delhi G20 Summit, a summit which took place on the theme of 'One Earth, One Family, One Future'.

inflation and market turbulence, local tech salaries in the US, including those for fully in-person or hybrid roles, have experienced their most significant year-over-year decline, dropping 3% from $161,000 to $156,000, a new report has revealed. When adjusting for inflation, the data by AI-driven marketplace Hired revealed a staggering story — local US salaries have plummeted to their lowest point in the past five years, decreasing 9% from $141,000 to $129,000 from 2022 to mid-2023.

Long Island band teacher is at the center of a scandal, leading to his removal from his position. The teacher, who worked within the Herricks Union Free School District, stands accused of engaging in inappropriate, explicit online interactions with an individual posing as a 15-year-old girl. This unfolding story has sent shockwaves through the community and raised critical questions about online safety and the consequences of digital misconduct.

fall equinox arrived on Saturday in the Northern Hemisphere and with this, the fall season began. But, what does it mean?

Today's price action will determine how we finish on weekly time frames, but the likelihood of an ugly close to the end of the week is high.

Emerging Markets Bond indices is testament to investors’ confidence in the country’s fiscal discipline and macroeconomic stability. That it has come about while access to the Euroclear settlement system is still pending and with almost no concessions on withholding and capital gains taxes is noteworthy. India will be included in at least one of the JPMorgan Emerging Markets bond indices (and significantly in their JESG variants), the GBI-EM Global Diversified Index suite, beginning 28 June 2024, and thereafter reach 10% of the index weight in a staggered manner over 10 months.

Nifty extended losses for the fourth straight session on Friday, September 22. The domestic institutional investors (DIIs) turned net buyers and invested ₹80 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹10,840.20 crore of Indian equities, while they sold ₹12,166.94 crore --- resulting in an outflow of ₹12,166.94 crore on Friday.

sovereignty and territorial integrity underpin the development of the Indo-Pacific region and expressed serious concern on the militarisation of disputed features, the dangerous use of coast guard and maritime militia vessels, and efforts to disrupt other countries' offshore exploitation activities. The Quad or the Quadrilateral coalition is a plurilateral framework comprising India, Australia, Japan and the US formed in 2017 to counter China's aggressive behaviour in the Indo-Pacific region. Foreign ministers of the four-nation bloc — External Affairs Minister S Jaishankar, US Secretary of State Antony Blinken, Australian Foreign Minister Penny Wong and Japanese Foreign Minister Kamikawa Yoko — met on the margins of the high-level 78th session of the UN General Assembly for the Quad Foreign Ministers' meeting and reaffirmed their commitment to uphold the principles of the UN Charter. «We reaffirm our conviction that international law, respect for sovereignty and territorial integrity, and the maintenance of peace and security in the maritime domain underpin the development and prosperity of the Indo-Pacific,» a joint readout of the Quad Foreign Ministers' meeting said. The ministers emphasised that disputes should be resolved peacefully and in accordance with international law, without threat or use of force. «We emphasise the importance of adherence to international law, particularly as reflected in the United Nations Convention on the Law of the Sea (UNCLOS), to address challenges to the global maritime rules-based order, including with respect to maritime claims, and in the South and East China Seas,» they said in the joint statement. The ministers emphasised the importance of maintaining freedom of navigation and

The gusts of evolution are currently blowing stronger than ever before in the building industry in India. In a huge and diversified country like ours, the construction sector has consistently been a vital contributor to economic progress. However, this industry has had its fair share of difficulties, ranging from prolonged project time-frames to rising prices and environmental issues.

The demographic dividend that India intends to exploit, on its stated intent, to be the third largest economy in the world would suffer a major loss, if living for senior citizens is not included into the plans today. Countries like Japan, Monaco, Italy, Germany etc. are consciously wrapping their policies around their aging population. While many developed nations have a third of their population over the age of 60, India’s elderly population is likely to rise to 41% over next decade and expected to touch around 194 mn.

ZURICH (Reuters) — The war in Ukraine has reduced economic growth and «considerably» pushed up inflation across Europe, the Swiss National Bank said in a study published on Friday, with worse effects still to come.

Canadian universities have raised concerns about potential visa delays for Indian students amid ongoing political tensions between the two nations. These delays could disrupt the upcoming spring academic session, scheduled to commence in January. In light of the uncertainty surrounding visa processing times, these representatives, currently attending an education fair in Hyderabad, have advised Indian students interested in pursuing higher education in Canada to consider planning their academic session for the fall/autumn term, starting in August 2024. Expressing their apprehension, one representative told TOI, «With just three months left for students to travel for the spring batch, there is apprehension that visa processing times may pose challenges.» Many universities are contemplating waiting for an additional week to assess the situation before making decisions regarding admission letters for either the spring or fall of 2024. They are actively counseling students not to rush their plans to travel to Canada, emphasizing potential delays in securing study permits. An Ontario university representative highlighted their intention to wait another week before finalizing admission plans. Depending on the evolving situation, they will determine whether to issue admission letters for January, May, or fall 2024. Their goal is to ensure that students do not need to defer admissions due to visa-related issues.

Bitcoin (BTC), the world's largest cryptocurrency, experienced a dip on Friday as it failed to maintain its upward momentum and dropped below $27,000. 

₹30 lakh on IndiGo after it found certain systemic deficiencies in the airline’s documentation pertaining to operations, training procedures and engineering procedures. The regulator had also imposed a financial penalty of ₹20 lakh on Air Aisa India in February earlier this year for violation of applicable DGCA Civil Aviation Requirements related to pilot exercises.

Congress MP Shashi Tharoor on Thursday said the watershed moment of India landing a spacecraft on the Moon was the culmination of the efforts put in by all governments over the past six decades, starting from the days of Jawaharlal Nehru. Twenty per cent of the key personnel in ISRO are women and they did not need reservation to be in the field of science and technology, he said, referring to the women's reservation bill passed by the Lok Sabha on Wednesday. His comments in the Lok Sabha evoked a sharp reaction from Union Minister of State for Commerce and Industry Anupriya Patel who said that even the Congress supported the women's reservation bill. Tharoor sought to calm the minister, saying that he did not mean any disrespect to any woman.

Google has clarified its stance on advertising for blockchain-based games involving non-fungible tokens (NFTs). Effective from September 15, 2023, the tech giant announced,

₹1597.80 per share on BSE at 11:30 am. “Resson has received a Certificate of Dissolution from Corporations Canada dated 20th September 2023, which was informed to the Company on 20th September 2023 at 8.19 p.m.

Italy’s competition authority has opened a probe into Ryanair’s market position in the country, further escalating tensions between the Irish budget carrier and Prime Minister Giorgia Meloni’s government.

Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda, the MEA pointed out. Indian nationals are therefore advised to avoid travelling to regions and potential venues in Canada that have seen such incidents, the MEA advised. «Our High Commission/Consulates General will continue to be in contact with the Canadian authorities to ensure the safety and well-being of the Indian community in Canada. Given the deteriorating security environment in Canada, Indian students in particular are advised to exercise extreme caution and remain vigilant,» it said. (Also read: Justin Trudeau's remarks attempt to shift focus from China links) Indian nationals and students from India in Canada must also register with the High Commission of India in Ottawa or Consulates General of India in Toronto and Vancouver through their respective websites, or the MADAD portal madad.gov.in.

pornography at a young age, with the average age of first exposure being as early as 13 years. As per a TOI report, despite efforts to block porn sites, consumption continues to rise, and the ban has inadvertently piqued curiosity.Impact on Children's Attachment and Family LifeChildren who exhibit insecure, resistant, or avoidant attachment styles with their parents are at a higher risk of developing addiction to pornography.