Power sector has investment potential of over Rs 40 lakh crore: Khattar

NEW DELHI: India has an investment potential of over ₹40 lakh crore in the power sector, Union minister Manohar Lal Khattar said on Thursday at a curtain-raiser for a global conference on the power sector.“We estimate an investment potential of over $345.97 billion in electricity generation and $68.22 billion in transmission and distribution. The energy…

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‘Outdated base year’: FM Sitharaman explains IMF’s ‘C’ grade on national accounts; says GDP growth figures not questioned

Finance Minister Nirmala Sitharaman (File photo) Finance Minister Nirmala Sitharaman on Wednesday clarified that the International Monetary Fund (IMF) did not question India’s growth figures, and said the Fund’s ‘C’ grade on national accounts stems solely from the use of an outdated base year. She said the IMF, in fact, acknowledged India’s healthy economic performance…

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Zcash (ZEC) Surges, Leap Therapeutics (LPTX) Jumps on Winklevoss-Backed Digital Asset Treasury

Former oncology biotech firm Leap Therapeutics (LPTX), which earlier this month raised $58.9 million in funding led by Winklevoss Capital to pivot to a digital treasury firm, announced the purchase of $50 million of Zcash ZEC$531.53. Alongside, the company is rebranding as Cypherpunk Technologies and will begin trading Thursday with new ticker CYPH, read a…

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Warren blasts CFPB director Vought for undermining Trump credit card affordability

U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump‘s stated push to make credit cards more affordable, according…

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China beats Elon Musk’s ‘Jesus-level technology’ to launch world’s first commercial brain chip

China has moved ahead of Elon Musk‘s ‘Jesus-level technology’ Neuralink in the race to commercialise brain-computer interface technology, approving what is being described as the world’s first commercially available brain chip after successful clinical trials.The coin-sized implant, called NEO, has become the first surgically implanted brain-computer interface (BCI) device to clear clinical testing for commercial…

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