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Indonesia issues world’s first blockchain sukuk
Indonesian Islamic microfinance cooperative BMT Bina Ummah has raised 710 million rupiah ($50,000) through the world's first primary sukuk issuance on a public blockchain and also the world's first micro sukuk.
- Categories
- Finance
- Region
- South Asia
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Amazon Pay Users in India Can Now Pay Their Utility, Mobile and Cable Bills With Alexa
To be sure, Amazon has long allowed users in many markets to purchase items using voice command with Alexa. But this is the first time the American company is letting users pay their electricity, water, cooking gas, broadband and satellite TV bills with voice and Amazon Pay.
- Categories
- Technology
- Region
- South Asia
- Tags
- e-commerce
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The Highs and Lows of Creating the World’s First Social Stock Exchange
The budget proposal by India’s finance minister Nirmala Sitharaman, in July, to create an SSE in the country is a positive sign—a broader commitment to support inclusive growth.
- Region
- South Asia
- Tags
- impact investing
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TikTok Makes Education Push in India
The social platform, which is used by more than 200 million users in India every month, said its education program is aimed at “democratizing learning for the Indian digital community on the platform.” (TikTok had 120 million monthly active users in April this year.)
- Categories
- Education, Technology
- Region
- South Asia
- Tags
- edtech
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Flipkart to Foray Into Food Retail With New Entity
Newly registered Flipkart FarmerMart, with an authorised equity capital of Rs 1,845 crore, will sell items produced locally.
- Categories
- Agriculture, Technology
- Region
- South Asia
- Tags
- e-commerce
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Viewpoint: How Aadhaar Bill Will Benefit Startups and the Fintech Segment
With the all-new Aadhaar Bill, the startup ecosystem has breathed a massive sigh of relief.
- Categories
- Finance, Technology
- Region
- South Asia
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The Risks From India’s Rotten Banks
Roughly a third of the financial system is on crutches or under suspicion. Dazed by the scale of the task, the government and the Reserve Bank of India are dithering. Until they act, India’s economy will not perk up—and there is a danger of a full-blown crisis.
- Categories
- Finance
- Region
- South Asia
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The Rise and Rise of Bangladesh – but Is Life Getting Any Better?
The country has undergone an economic miracle in recent years, albeit at huge cost to its garment workers. But things are finally starting to improve for them.
- Region
- South Asia
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