Washington: India’s Finance Minister Nirmala Sitharaman, during her visit to the US, held talks with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The IMF chief has praised the performance of the Indian economy even during the turmoil and uncertainty due to the Coronavirus pandemic and the recent Russia-Ukraine war. Finance Minister Nirmala […]
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New Delhi – In the Union Budget, a tax of 30% has been imposed on income via cryptocurrency. Discussions had begun about whether the government has legalised cryptocurrency by imposing this tax. But the chairman of the Central Board of Direct Taxes (CBDT), JB Mohapatra, emphasised that the government has not recognised the cryptocurrency. Furthermore, […]
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New Delhi – The government has no plans to print more currency notes to alleviate the financial crisis caused by the Coronavirus, Finance Minister Nirmala Sitharaman said. The finance minister made this revelation while answering a question in the Lok Sabha. Stating that the fundamentals of the Indian economy are powerful, Finance Minister Sitharaman assured […]
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New Delhi: The union government is bringing in technology to make the borders impregnable. Union Home Minister Amit Shah said that if the promptness and bravery of the Indian soldiers on the border gets the support of a matching technology, we will become more competent to protect our borders. Home Minister Shah was speaking at […]
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New Delhi: The Indian Foreign Exchange (Forex) reserves have increased to cross the USD 500 billion mark. This takes India to the fifth spot in the list of countries with the highest forex reserves. The economists are looking at the increased forex reserves as an excellent sign. As per the economists, forex reserves have increased […]
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Pune- The Pune crime branch has busted a huge racket of fake Indian and foreign currency in Pune. The police have seized about 43.4 crores worth of Indian money and 4.2 crores worth of foreign currency. Moreover, one among the six arrested in this action is an Army Jawan. As per the information emerged, these accused […]
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New Delhi: In 2018, the Reserve Bank of India (RBI) had banned all the banks and financial institutions from entering any transactions with any virtual currency including Bitcoins. At present, the Supreme Court of India has lifted the ban on cryptocurrency, in its judgement, in the petition challenging this ban. The government and the RBI […]
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New Delhi: The Reserve Bank of India has established an independent unit for research on Cryptocurrency, Blockchain and Artificial Intelligence. This particular unit is reportedly responsible not only for keeping an eye on the new emerging technologies of Cryptocurrency and Blockchain but also for drafting rules and regulations regarding the same. RBI has issued a […]
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New Delhi: There was a record decline in the value of the Indian Rupee against the US dollar and the Rupee declined to 69.93 per USD. The decline of Re.1.10 on Monday was the highest in a single day, over the last 5 years. As per analysts, this slide in the Indian Rupee and many […]
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New Delhi/ Mumbai: The Reserve Bank of India (RBI) had declared a complete ban on the virtual Currency, Cryptocurrency transactions in India. Until then, the Supreme Court has postponed the next hearing on the petition is scheduled on 11th September. Accordingly, the court will announce its final verdict on this petition. The RBI had banned […]
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