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startups anantha nageswaran: Startups will play important role in helping India become third-largest economy: CEA Anantha Nageswaran

Startups will play an important role in helping India become the third largest economy in the world, chief economic advisor (CEA) to the government V Anantha Nageswaran has said. Nageswaran said that tier-2 and 3 cities, including Kerala's capital, have become game-changers in helping startups flourish in the country due to improvements in infrastructure and supportive policies of the government, according to a Kerala Startup Mission (KSUM) release. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

CEA and Renault refine bidirectional charging

<!----> The CEA and Renault Group have jointly developed a new electronic power converter architecture integrated directly into the vehicle’s charger. The result of nearly three years of research and the subject of 11 joint patents, this power converter, developed from innovative…

Power Ministry amends guidelines for EV charging infrastructure

Image Source : PIXABAY EV Charging The Power Ministry on Monday amended the guidelines for charging infrastructure for electric vehicles, under which public charging stations would have the feature of the prepaid collection of service charges with the time of the day rates and discounts for solar hours. In addition to this, a committee under the Central Electricity…

Crypto currencies yet to pass test of fiat currency, says CEA

Sounding a note of caution, Chief Economic Adviser V Anantha Nageswaran said that the crypto currencies have yet to pass the test to become fiat currency and at the same time it would be difficult to regulate them. He further said that unlike fiat money, crypto currencies cannot satisfy basic requirements such as having store value, widespread acceptability and unit of account. Referring to decentralised finance (DeFI), he said: "In my opinion, while it is considered innovation, I would reserve my judgement whether it is…