Computer scientist Adam Back, whose work influenced Bitcoin's design, repeatedly denies being Satoshi Nakamoto. He believes the founder's anonymity has been crucial for Bitcoin's growth, preventing single-point capture and fostering its perception as a digital commodity. Back views Bitcoin's current institutional adoption, including ETFs, as a positive, decentralized evolution.
Rohit Jain, an executive director with three decades of experience at the Reserve Bank of India, has been appointed as Deputy Governor. His three-year term begins on or after May 3, 2026, succeeding T Rabi Sankar. Jain, who previously oversaw banking supervision, joins SC Murmu as an internal promotion to the DG post, with departments likely to be reshuffled.
India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring countries. Companies with up to 10% Chinese holding can now invest via the automatic route, though entities registered in China itself are excluded. These changes aim to boost capital inflows amidst a weakening rupee.
The Finance Ministry has declared the West Asia conflict a "war," enabling government entities to invoke 'force majeure' for public contracts impacted by disruptions. This allows for penalty-free extensions of two to four months for affected companies, offering significant relief to sectors like defence and drone manufacturing facing supply chain issues.
India is boosting its shipbuilding capabilities by adopting a "structured tender" approach for specialized vessels like gas and oil tankers. This strategy mandates that a portion of these ships be built domestically, facilitating technology transfer and strengthening local manufacturing. The government aims to aggregate demand for hundreds of vessels to enhance self-reliance in the maritime sector.Computer scientist Adam Back, whose work influenced Bitcoin's design, repeatedly denies being Satoshi Nakamoto. He believes the founder...
