Tech Newz (2022)

 BharatPe appoints interim CFO; board, management aiming for IPO in 18-24 months

BharatPe has appointed an executive from professional services firm Alvarez & Marsal (A&M) as its interim chief financial officer, said Rajnish Kumar, chairman of the fintech company which has been embroiled in controversies since January this year.

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Higher standards, more road testing of imported cells must for EV safety: Ather

Ather has said regulators need to raise mandatory safety standards for electric two-wheelers to make the battery-run vehicles safer on roads after fire accidents involving e-scooters sparked alarm among consumers.

The company said in a statement that the "stringent" AIS 156 now imposed needs to be augmented for safer EVs. "At Ather, we have adopted more stringent internal standards to ensure the safety and reliability of our scooters and have thoroughly tested them for 100,000 kilomete . We design our batteries to prevent the initiation and propagation of thermal runaway (fire) than what AIS 156 mandates," the company said in a statement.

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India will frame cryptocurrency law only after global consensus

India will frame a legislation for cryptocurrencies only after a global consensus emerges on regulating such assets, according to a person familiar with the matter. The government isn’t planning a law soon to either regulate or tighten provisions, the person said, asking not to be identified as the discussions are private. A finance ministry spokesman wasn’t immediately available for for a comment.
After years of back-and-forth, Prime Minister Narendra Modi’s administration announced a 30% tax on income from digital assets from April 1, making it costlier to trade and bringing such transactions at par with activities like horse racing and lotteries. It had earlier planned to come up with a legislation to make the government’s stand clear on the matter.

A global uniform approach on cryptocurrencies is needed and steps by one nation will not be sufficient, Modi said in his address to the World Economic Forum in January.

                                                 By - Maaz Ahmad