Weekly Insights - January 31, 2021

India's new digital currency, The startup India Seed Fund, biggest drop in coal demand, mobile-app spendings in 2020, Reliance owned online pharmacy, Tata Sons overtakes Indian government, US crypto exchange's IPO, India lost billions of dollars due to internet shutdowns, Animal population shrunk 68%, World's largest floating solar plant, Tesla officially enters India, Countries with the highest foreign reserves..

1) India will launch a new digital currency while banning all other cryptocurrencies.
India will launch a new digital currency while banning all other cryptocurrencies.

2) This startup India fund will provide financial assistance through incubators. (Seed Fund Scheme)
This startup India fund will provide financial assistance through incubators. (Seed Fund Scheme)

3) The Indian economy suffered a $2.8 billion loss in 2020 due to internet shutdowns.
The Indian economy suffered a $2.8 billion loss in 2020 due to internet shutdowns.

4) The world's largest floating solar plant will be in India by 2023.
The world's largest floating solar plant will be in India by 2023.

5) Tata Sons overtakes the Indian government as the largest promoter of listed companies.
Tata Sons overtakes the Indian government as the largest promoter of listed companies.

6) The world's animal population shrunk by 68% in 50 years.
The world's animal population shrunk by 68% in 50 years.

7) Coal demand has seen its biggest drop since World War II.
Coal demand has seen its biggest drop since World War II.

8) The biggest US cryptocurrency exchange is planning to go public.
The biggest US cryptocurrency exchange is planning to go public.

9) Reliance owned online pharmacy Netmed's income fell by 44% last year.
Reliance owned online pharmacy Netmed's income fell by 44% last year.

10) The world's most valuable carmaker officially enters the Indian market.
The world's most valuable carmaker officially enter the Indian market.

11) Consumers spent billions on mobile app marketplaces in 2020.
Consumers spent billions on mobile app marketplaces in 2020.

12) Top five countries with the highest foreign exchange reserves.
Top five countries with the highest foreign exchange reserves.

13) Telegram users can now import chats from WhatsApp including media files.
Telegram users can now import chats from WhatsApp including media files.

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