AA: In 2018, in the Silicon Valley alone, almost $2.9 billion worth of private venture funds have gone into blockchain start-ups. In tech hubs across the world, we are seeing billions pumped into the blockchain technology. In this scenario, if we decide to put a blanket ban on all cryptocurrencies, then our technology entrepreneurs will suddenly lose the incentive to work in the sector. You simply can’t just build blockchain applications out of thin air. Right now, currencies are the only viable practical application of the blockchain technology even though it can be extrapolated to a lot of other sectors. So, for the sake of innovation, I think even if the government is bringing in a state-backed currency, it will be better if the other currencies are also allowed to operate with sufficient regulations. … [Read more...] about Parley | Is banning cryptocurrencies the solution?
Total fund raised for kerala
Even in the Mumbai deal, the group is taking over the debt of GVK’s Airport Developers Limited, the holding company that owns 50.50 per cent equity in Mumbai International Airport Limited (MIAL), which in turn holds 74 per cent in the upcoming Navi Mumbai International Airport Limited. … [Read more...] about Debt exposure remains a big risk for infra king Gautam Adani
He also said that late Arun Jaitley , finance minister at the time GST was launched, had stated that the GST Council could consider raising additional resources including through borrowing but it was never the understanding that the states would borrow this additional amount. “The Council does not have the power to alter the compensation mechanism without getting the Act amended,” he wrote. … [Read more...] about Most states likely to opt for borrowing ₹97k-cr