Modi Financial News

As the House of Commons reconvened on Monday, Prime Minister Justin Trudeau informed Parliament that there were “credible allegations” of a “potential link” between “agents of the government of India” and the murder of Hardeep Singh Nijjar, a Sikh leader who Trudeau described as a Canadian citizen.

waded into a debate around protests taking place halfway across the world.From Ottawa, he promised that Canada would “always stand up” for the right to peacefully protest.“We believe in the importance of dialogue and that’s why we have reached out through multiple means directly to the Indian authorities to highlight our concerns,” he said.Trudeau was responding to concerns among Canada’s significant Sikh diaspora that the Indian government was cracking down on farmers protesting a new agricultural policy. His comments were met with a sharp reaction from India, where the government summoned the Canadian ambassador over the issue.This diplomatic spat made headlines, and was just one example of how the effects of domestic politics and policies in India are spurring frustrations, fear and what one expert called “mounting tensions” among members of the diaspora communities in Canada.And in the days since Trudeau rose in the House of Commons saying Canadian authorities are investigating “potential links” between agents of the Indian government and the murder of Canadian Sikh leader Hardeep Singh Nijjar, there has been renewed focus on the challenges of negotiating an evolving relationship with India.In particular, how should Canada navigate ties with an aspiring global superpower in the years since the Indian farmers’ movement galvanized the diaspora?In 2020 and 2021, Indian farmers, mostly led by Sikh farmers from the northern state of Punjab, camped outside of New Delhi for over a year.

Justin Trudeau after his plane broke down Sunday, leaving the Canadian delegation stranded in India.It’s adding another complication to an already rocky trip to the country.A spokesperson with the Department of National Defence told Global News in an email Monday that a problem with a component was discovered with the prime minister’s Royal Canadian Air Force CC-150 Polaris. That part must be replaced before the plane is able to fly again, they said.Trudeau was planning to return home after attending the G20 summit in New Delhi.“The Canadian Armed Forces continue their best efforts to get the Canadian delegation home.

Central Bank Digital Currency (CBDC) in the Union Budget 2022 by Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi on Wednesday threw more light on the topic in his address to the nation. PM Modi said that the digital currency will boost the digital economy in the year to come, adding that the RBI-backed CBDC will be controlled and monitored by the central bank and will be a digital avatar of India's fiat currency. India's move to launch CBDC is in tandem with other global peers, who are planning similar moves soon.

Modi will take a final decision on the regulatory framework for cryptocurrencies amid conflicting views among stakeholders, two persons familiar with the development said. A high-level meeting was held on Thursday to consider all the options as also stakeholder views including the concerns voiced by the Reserve Bank of India.