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News and Trends

Will India Lose More Than Gain From a Crypto Ban?

While it is still to be seen in what way, if at all, the digital tokens will be banned, stakeholders are on tenterhooks given it may wipe away the entire industry in the country, thriving in rest of the world

Technology

Cryptocurrency Bill Suggesting a Possible Ban to Be Introduced Soon

An inter-ministerial committee (IMC), which was constituted to study the issues and propose specific actions related to cryptocurrencies, has recommended in its report that except any virtual currencies issued by the government, all private cryptocurrencies will be prohibited in the country, said Finance Minister Nirmala Sitharaman responding to a question in the Rajya Sabha

News and Trends

Fintech Hub at GIFT City, INR 1,500 Cr for Digital Payments

While tabling the Budget on Monday, finance minister Nirmala Sitharaman announced setting up of a 'world-class' fintech hub at GIFT City in a bid to bolster innovation in the fintech industry

News and Trends

Budget 2021: Cheer for Senior Citizens, PF Contributors to be Hit

The interest income on PF contributions above INR 2.5 lakh per annum will now be taxed at the normal rates

News and Trends

FDI Cap for Insurance Increased To 74%; IPO for LIC; 2 PSBs & 1 GIC To See Disinvestment

FM Nirmala Sitharaman announced a divestment target of INR 1.75 lakh crore for FY22

Finance

Fintechs Want Better Fund Flow, Lower GST and Regulations in Cryptos

The financial technology space is expecting a differentiated treatment in the upcoming Budget