sambasomnath

#warning! 🤫🤫🤫Pakistan has long been fighting the economic crisis and has been constantly appealing to the IMF and the World Bank to get rid of it. However, some recovery has been seen in the government treasury in the country, but it is not yet enough to deal with the situation. If I look at the State Bank of Pakistan (SBP) foreign exchange reserve, it is about $ 1.5 billion. On the other hand, if we look at the foreign exchange reserve of India, it is $ 1.2 billion. Now Pakistan, whose treasury is empty and helpless to buy the necessary items, is constantly being threatened to compete with India.

If we look at the inflation of Pakistan, the situation is slightly improved, inflation is still such that everything from flour to rice to chicken seems to be out of human reach. You can easily guess it by looking at their price.🥴🥴🥴🥴🥴🥴🥴
Price of goods (in Pakistani rupees)
The chicken is 798/kg
Milk is 225/liter
Bread is 161/500mg.
Rice is 336/kg
Eggs is 332/dozen
Apple is 288/kg
Banana is 176/ dozen
Tomatoes is 150 /Kg
Potato is105 /Kg
Onion is 188 /Kg
India's steps for Pakistan affected by inflation will affect the common people and again there will be looting of essential goods as well as food items in the country. The average inflation rate in Pakistan in 2021 was about 20 percent, so it would be expected that it would increase further.
There is nothing to do with them🥺🥺🥺🥺🥺

High US tariffs pushing Chinese exporters to tap Indian firms for shipments to America: FIEO
American sourcing firms and Chinese exporters are contacting Indian companies to supply goods to the US, aiming to circumvent high tariffs imposed by Washington on Chinese products. The US has imposed 145% tariffs on Chinese goods, while India faces only 10%. Chinese manufacturers are also seeking to pass export orders to Indian firms, maintaining US business relationships through commission-based arrangements.
American sourcing firms and exporters in China are approaching Indian companies to supply goods to the US as high tariffs imposed by Washington are making it difficult for them to ship directly to America, apex exporters' body FIEO said on Monday. The US has imposed 145 per cent tariffs on Chinese goods entering the American market. For India, the duty is just 10 per cent.#TariffImpact #TrumptaxCuts #TariffSuspension

#IndianBudget India Set To Surpass Japan As 4th Largest Economy This Year, On Track For 3rd Spot By 2028: IMF
India is set to become the world's 4th largest economy in 2025 and 3rd largest by 2028, per IMF projections. India's economy is expected to grow by 6.2% in 2025 and 6.3% in 2026.
India GDP Growth: India is set to overtake Japan as the world’s 4th largest economy in 2025 and is on track to surpass Germany as the 3rd largest economy by 2028, according to the latest IMF projections.

As per latest projection by IMF, India will remain the fastest growing major economy over the next two years. According to the April 2025 edition of the IMF’s World Economic Outlook, India’s economy is expected to grow by 6.2 per cent in 2025 and 6.3 per cent in 2026, maintaining a solid lead over global and regional peers.#GrowthPotential

#Memecoins🤑🤑 *05 meme coins to watch in May*
Turbo surged by 191% in two weeks, testing $0.004842; if breached, it could reach $0.006857.

Neiro Ethereum spiked 256%, with a potential rise to $0.1000 if it surpasses $0.0715.

BRETT, TRUMP, and PENGU see renewed momentum with 60%-120% gains.

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PART - 2
An Alleged Meeting in 2019

Saoud’s statement about the meeting offers a compelling piece of the puzzle. According to Saoud, in 2019, agents traveled to California and discovered that Satoshi Nakamoto was not a single person, but rather a group of at least four individuals.

This revelation could be the key to unlocking the mystery of Nakamoto’s identity and the origins of Bitcoin. The meeting allegedly took place well before 2019, which adds to the intrigue. If these claims are true, the government might hold crucial information that could finally put an end to years of speculation.

The Ongoing Speculation About Nakamoto’s Identity

Over the years, many individuals have claimed to be Satoshi Nakamoto. Among them is Craig Wright, an entrepreneur who has long asserted that he is the creator of Bitcoin. Wright, however, has never been able to provide definitive proof to support his claim.

In 2024, an HBO documentary suggested that Peter Todd, a well-known developer, could be Nakamoto, but Todd immediately denied the accusation. Similarly, a London-based entrepreneur recently declared himself as Nakamoto, but once again, no convincing evidence surfaced to validate this assertion.

The mystery surrounding Nakamoto has led to endless theories, but there has been no concrete proof as to who the true creator is. This latest lawsuit has only added more fuel to the fire, reigniting debates about Nakamoto’s true identity. The fact that the U.S. government might know the truth only deepens the fascination with this ongoing enigma.#bitcoin

The U.S. Government Has Known About Satoshi Nakamoto’s Identity for Years: Could Bitcoin’s Creator Be Unveiled by a Lawsuit?

James Murphy, a lawyer with expertise in cryptocurrency, is now pushing for the Department of Homeland Security (DHS) to release documents that could reveal the truth.
The identity of Satoshi Nakamoto, the mysterious creator of Bitcoin, has intrigued people for years. While the true identity remains unknown, a recent lawsuit has raised a bold claim: the U.S. government may have known who Nakamoto is all along.
James Murphy recently filed a legal claim against the DHS, alleging that the U.S. government has been aware of Satoshi Nakamoto’s identity for years. He is basing his case on a statement from Rana Saoud, a DHS agent, who claimed in 2019 that several of her colleagues had met with the creators of Bitcoin before 2019.

Murphy insists that there must be official records of these meetings, and he is now demanding the release of any documents related to them. According to Murphy, if the meeting truly occurred, there would be evidence to back up this assertion.(part 1)
#bitcoin part - 2 release after some time.

China Officially Launches A Plan To Promote Its Own Payment System.

As international monetary tensions intensify, China is accelerating its offensive against the dominance of the dollar. Beijing officially launches a strategic plan to impose its own international payment system. This initiative marks a major turning point in redefining global financial flows, reinforcing China’s ambition for a multipolar economic order. By directly targeting the traditional networks dominated by the West, this maneuver now captures the attention of markets, governments, and major financial institutions.

China formalizes an ambitious plan to promote its own international payment system.

Shanghai becomes the nerve center for developing the CIPS network, a direct alternative to SWIFT.

Beijing aims to strengthen the use of the yuan in cross-border trade and support its companies abroad.

The project intends to reduce the BRICS’ dependence on the US dollar and consolidate their financial autonomy.
#EconomicAlert #TariffImpact

In the words of US President Donald Trump, he was softened on the question of solving the tariff war. He claimed that the Chinese government officials were in touch with his administration. Based on that hint, the stock market around the world was reinforced yesterday. But today Beijing made it clear that they had not yet spoken to the United States. According to the Mahal, the market that returns to life in the hope of solving the tariff should be monitored. It is not yet time for the investors to breathe.
"There has been no talk about tariff solutions between China and the United States," said Guow Ziakun, a spokesman for the Foreign Ministry of China today. If this is inevitable, then we will fight. If you want to talk to America, our door is open. That discussion should be on the basis of equality, respect and mutual gain. The Chinese Ministry of Commerce also said that the news of the two countries has no real basis.

Incidentally, Basent claimed today that the first trade agreement with India could be finalized. India's tariff is not too high. Other obstacles are also less. Government subsidies are not too much. As a result, it is relatively easy to deal with them.#TariffImpact

Following a terror attack in Pahalgam, India faced trade suspension from Pakistan. This includes routes through third countries. The Federation of Indian Export Organisations (FIEO) says bilateral trade was already minimal. India's exports to Pakistan included organic chemicals and pharmaceuticals. Imports were meagre. Trade relations soured after the Pulwama attack. India had withdrawn Most Favoured Nation status.
With Pakistan suspending all trade ties with India, including that routes through third countries, the two-way commerce will now come to a complete halt, apex exporters' body FIEO said on Thursday. Following the terror attack in Pahalgam on Tuesday, which killed 26 people, mostly tourists, India took a series of measures including immediate shutting down of the Attari land-transit post, used for movement of certain kinds of goods.Besides, India has announced expulsion of Pakistani military attaches, and suspension of the Indus Water Treaty of 1960.#indiangoverment

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International business

Is India the World’s Next Great Economic Power?

by Bhaskar Chakravorti and Gaurav Dalmia

September 6, 2023



HBR Staff/anand purohit/Getty Images

Summary.   

Is India’s economic rise inevitable? There’s good reason to think that this latest round of Indo-optimism might be different than previous iterations, but the country still has major...more

In 2002, India’s government launched a ubiquitous international tourism campaign known as “Incredible India.” Were it to launch a similar campaign today, it might as well be called “Inevitable India.” Not just enthusiasts within the country, but a chorus of global analysts, have declared India as the next great economic power: Goldman Sachs has predicted it will become the world’s second-largest economy by 2075, and the FT’s Martin Wolf suggests that by 2050, its purchasing power will be 30% larger than that of the U.S.

We have been through similar surges of Indo-optimism before. But the on-the-ground reality has continued to frustrate even the most ardent of India’s champions. From bold predictions that it would overtake China (an economy still five times larger than India’s), to McKinsey’s 2007 “bird of gold” promise of the Indian consumer that never quite panned out, to deregulation followed by policy reversals and crises of confidence in doing business with India, to devastating periods through the pandemic, the country’s promised inevitable rise has remained elusive. What’s different now?

There are several positive trends converging, from different sides of the Indian business ecosystem: demand, supply, and the system-wide facilitating factors; in combination, they can transcend economic cycles, macro shocks, and policy reversals. Some are new, and the older ones are reaching critical mass and they can finally reinforce each other to create a growth flywheel. But as with all flywheels, it is important to remain vigilant about rattling noises and burning smells, and in India’s case, these exist in abundance.

Bitcoin’s price action in recent weeks has been mostly highlighted by a trading range between $80,000 and $85,000, with a struggle to reclaim buying pressure. Despite the current lack of a strong bullish momentum, many crypto analysts are banking on a bullish continuation and a new Bitcoin price all-time high before the end of 2025.

According to crypto analyst TradingShot, Bitcoin could be approaching the final leg of this bull cycle, predicting a peak above $125,000. However, this analysis comes with a caveat that an extended bear market might roll in by October 2025.#bitcoin

#CryptoMarketCapBackTo$3T

Beijing has turned away from the Tarques, Tatara is buying US Boeing by taking advantage of the opportunity

Air India and Akash Air have begun the purchase of 5 Boeing 3 Max Jets and 3 Boeing 3 Dreamliner, which has been canceled by various Chinese companies.

Zora, the Ethereum-based platform known for its creator-friendly approach to non-fungible tokens and onchain content, has announced it will launch its long-awaited token, ZORA, on Apr. 23, 2025.#CryptoNewss

Whales acquired 190 million ADA (worth $2.4 billion), signaling confidence in ADA's long-term value despite current price consolidation.

Whales purchased 11 million APE, raising its price by 4% and signaling potential for further growth if demand remains strong.

TON whale accumulation surged 164%, signaling potential for a price rally to $3.75, contingent on continued demand.
#CryptocurrencyWealth

Ethereum whale wallets are at their highest since August 2023, despite ETH dropping almost 19% in the past month.

FET is gaining traction with whale activity rising 2.4% in a week as AI token momentum picks up.

Onyxcoin (XCN) whales are buying the dip, with accumulation rising 2.4% despite a 19% price correction this week.

#CryptocurrencyWealth

Indian economy less exposed to slowdown in US, but stock markets of both countries show correlation: Goldman Sachs

Sachs reports India's economy is shielded from US slowdown due to lower trade dependency. However, Indian stock markets strongly correlate with the US market. Nifty 50 mirrors S&P 500's movements, especially post-2015. US slowdowns still affect India's exports and port traffic. The firm has lowered valuation multiples for some companies. The United States remains a key trading partner.

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#MutualFund
The state -owned agency has to make a recommendation for logging in stock, the government has given 'pressure' to mutual fund managers.

The Center is seeking to create 'pressure' on mutual fund managers to recommend customers for more investment in the shares of state -owned companies. How much will the investors benefit in the long term?

The state -owned company's shares recommend more investment. This time the Mutual Fund managers are going to instruct this time. As a result, on the one hand, as the money will increase in the treasury of government agencies, on the other hand, the customer will get good return for long -term investment. As a result, this option will become alluring to them. Although the Mutual Fund managers are seeking to step in this regard.

#ponzi scheme Brazilian court has sentenced three executives of the collapsed crypto scheme Braiscompany to a combined 171 years in prison

The mastermind, Joel Ferreira de Souza, received 128 years in prison, while two others, Gesana Rayane Silva and Victor Veronez, received 27 and 15 years, respectively, for their roles in the scheme.

Braiscompany raised around $190 million from 20,000 investors.