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India economy & business news in brief for Feb 23: Argentina seeks India’s cooperation on currency swap issues

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By: Shubham Ghosh

Here are news in brief related to Indian economy and business for Thursday, February 23, 2022:

Argentinian minister of economy Sergio Tomas Massa on Thursday sought India’s cooperation on the issues of a currency swap and developing software for digital payments with guidance from the National Payments Corporation of India, ANI reported. Indian finance minister Nirmala Sitharaman has affirmed India’s cooperation. Sitharaman and her Argentinian counterpart met ahead of the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Bengaluru, on Thursday. The ministers exchanged views on priorities under G20 Indian Presidency with Argentinian support to India during its G20 Presidency. During the meeting, Sitharaman also stated that India would take forth the momentum created by Argentina during its Presidency on infrastructure priorities, including spending on cities of tomorrow.

The Indian government on Thursday invited applications for the post of Chairperson of the Competition Commission of India (CCI), PTI reported. Since October 25, the post has been lying vacant. According to a public notice issued by the corporate affairs ministry, the applicants should have professional experience of at least 15 years in international trade, economics, business, commerce, law finance, accountancy, management, industry, public affairs or competition matters, The person, if selected, can hold the office for a term of five years from the date of joining the post or till the age of 65 years, whichever is earlier. The monthly salary will be Rs 4.5 lakh.

Tech Mahindra, a leading Indian provider of digital transformation, consulting, and business re-engineering services and solutions, on Thursday announced that it has expanded its partnership with Vodafone Germany towards the transformation of its sales and customer experience processes, ANI/PRNewswire reported. As a part of this multi-year engagement, Comviva , a Tech Mahindra company, will deliver a unified sales solution across mobile, fixed, cable and TV services businesses of Vodafone Germany. The relationship began in 2019 and partnership focused on transforming assisted sales experience. The expanded partnership will target transforming non-assisted digital sales channels and elevating the entire integrated buying experience.

Indian low-cost airline IndiGo is carrying out negotiations over the purchase of “several hundred aircraft” from Airbus, French finance minister Bruno Le Maire said in comments published by Les Echos on Thursday, Reuters reported. The contract could be signed at the French airshow in Le Bourget in June, the paper said. It added that Le Maire made the comments during his trip to India for a G20 Summit. An Airbus spokesperson said the firm was constantly in talks with airlines but said he could not comment on any talks that may, or may not, be underway.

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