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FM Nirmala Sitharaman announced in her budget speech in February that the RBI would come up with a CBDC during the current fiscal

RBI’s digital currency platform may help enforce black money regulations

PGurus Newsdesk - 0
RBI to take a graded approach on CBDC, in line with monetary policy The proposed Central Bank Digital Currency (CBDC) platform is expected to generate...
Home Minister Amit Shah told the Union ministers during the meeting that party work should be taken seriously since “Sangathan se hi sarkar hai”

‘Angry‘ Amit Shah pulls up eight Union ministers

R Rajagopalan - 1
Amit Shah warns cadres that 2024 is not that easy for BJP Union Home Minister Amit Shah lost his cool on eight Union Ministers who had not...
The Finance Ministry shared India's successful experiences with interoperable payment systems and account aggregator initiative

UN’s special advocate lauds India’s financial inclusion efforts

PGurus Newsdesk - 1
Queen Maxima praises India’s advanced digital public goods infrastructure for financial, economic inclusion India's advanced digital public goods infrastructure for financial and economic inclusion has...
Originally, the company stated that it had seized USD 145,000 cash but later clarified that the actual seizure was lower than that amount

Antrix case: Devas seizes USD 145,000 cash in the US

Team PGurus - 2
Devas vs Antrix tussle The scam-hit Devas Multimedia has seized USD 145,000 cash that ISRO's commercial arm Antrix Corporation held in the US in a...
India’s silent but effective strong-arm diplomacy keeps China at bay - for now

India ensures Chinese spy ship does not dock at Sri Lanka – But for...

R Rajagopalan - 1
Narendra Modi's silent diplomacy arm twisting of Sri Lanka Ranil Wickramasinghe's visit to India was on hold till he relented “Rs.25000 crores of...
The traders' body demanded that the GST Council must call an emergency meeting to take the necessary decision of withdrawing the recently-imposed tax on unbranded food items

CAIT demands Chief Ministers & Finance Ministers of States to withdraw GST on unbranded...

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CAIT demands withdrawal of 5% GST on food grains The Confederation of All India Traders (CAIT) on Wednesday sent a letter to the chief ministers...
The RBI noted that the growing threat of the crypto-assets ecosystem warrants drastic approaches by national authorities

RBI slams unbacked crypto assets, stablecoins, DeFi and crypto trading platforms

PGurus Newsdesk - 0
RBI underscores need for regulatory guardrails to ensure financial stability and consumer, investor protection The Reserve Bank of India (RBI) has come down heavily on...
Crypto tax on gains but no deductions on losses incurred, says Government of India

Crypto mining cost or loss in Crypto not to be allowed as deduction under...

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Govt of India clarifies a straight tax of 30% for profit The Government of India on Monday informed Parliament that no kind of deduction or...
When a bunch of Bollywood stars started touting Cryptocurrencies, one knew that this was a planned move - maybe for once GOI knows whom to tax!

18% of the super-rich Indians invested in Cryptocurrencies and 11% in NFTs last year:...

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Did someone tell the super-rich of India that one can avoid paying taxes if they own Cryptocurrencies? Around 18 percent of Indian super-rich, popularly known...
The Ambassador has urged the Indian nationals to stay wherever they are, in their familiar locations

Russia-Ukraine crisis: PM Narendra Modi chairs meeting of Cabinet Committee on Security

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Russia-Ukraine crisis: PM Modi is likely to speak to Putin On Thursday evening, amid the intensified Russia-Ukraine crisis Prime Minister Narendra Modi chaired the meeting...
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