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India’s digital currency push targets its leaky welfare system

PHULENAGAR/MUMBAI, India, April 23 (Reuters) – In the western Indian village of Phulenagar, Samadhan Sonawane set up a drip irrigation system on his small onion farm using digital currency issued directly from the central bank. The ​funds come from a pilot programme that is part of India’s efforts to boost its e-rupee, a central bank digital currency (CBDC), and tighten its $80 billion welfare payment system, which has ‌historically suffered from corruption and inefficiency. While India’s early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world’s most populous nation could

Stock markets slump in early trade as crude oil prices jump over USD 100 per barrel mark

Mumbai, Apr 23 (PTI) Equity benchmark indices Sensex and Nifty tumbled in early trade on Thursday as crude oil prices once again breached the USD 100 per barrel mark amid stalled US–Iran negotiations. Foreign fund outflows and weak trends in Asian equities also dragged the markets lower. The 30-share BSE Sensex tumbled 532.83 points to 77,983.66 in opening trade. The 50-share NSE Nifty dropped 175.75 points to 24,202.35. “Oil markets remain a key concern, with Brent crude once again breaching the USD 100 mark and trading in the USD 100–106 per barrel range. The move reflects stalled US–Iran negotiations and

Five health conditions mothers can develop after giving birth

London, Apr 23 (The Conversation) During pregnancy, a mother’s body undergoes vast structural and functional changes. But what many might not know is that the after-effects of these changes can last long after giving birth – and can even result in the development of new health conditions. Here are just a few of the common conditions a mother can develop after giving birth: 1. Gallstones One common condition that arises after pregnancy is gallstones. Approximately 12% of women are affected. Gallstones are hard deposits commonly made of cholesterol that form in the gallbladder (an organ that releases bile to help

Rupee slides 34 paise to 94.12 against US dollar in early trade

Mumbai, Apr 23 (PTI) The rupee extended its losing streak for the fourth straight session, sliding past the 94 level for the second time in a month and trading 34 paise lower at 94.12 against the US dollar in early trade on Thursday, as crude oil prices surged amid a lack of progress in West Asia peace talks. The currency also remained under pressure due to massive selling of domestic equities and the withdrawal of foreign investors amid rising worldwide demand for the American currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.04 and

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