Zuckerberg's plea for Libra, now called Diem, suggests Facebook is leaning more towards the kind of e-cash offered by PayPal or Alibaba than the revolutionary crypto dreams of Bitcoiners.
After Libra launched in June 2019, politicians and regulators raised concerns about privacy, money laundering and companies like Facebook taking power away from central banks.
Facebook’s Libra clearly demonstrates a demand for cheaper and faster global payments service. RBI must accelerate its research on payment methods to serve this demand.
Given Facebook's failures around privacy, a near-unanimous notion among US lawmakers is that the tech giant shouldn’t be trusted to create a new global currency.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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