Well-heeled Indians betting on ‘blank cheque’ firms — the Wall Street term for special purpose acquisition companies or SPACs — have started receiving notices from the tax department. On the back of a raft of information shared by Bermuda, which like Cayman Islands, is a preferred jurisdiction for incorporating SPACs, the Income Tax (I-T) department … Read more
RBI Governor Shaktikanta Das RBI governor Shaktikanta Das also said that he believes that that the Centre seems to be in sync with the central bank’s stance on cryptocurrencies India’s stance on cryptocurrencies has not always been much accommodative, and Reserve bank of India governor Shaktikanta Das on Monday, May 23, made it clear once … Read more
The RBI’s MPC decides to hike the repo rate, which is called monetary tightening, when it needs to control inflation in the country. The Reserve Bank has been exploring the pros and cons of introduction of CBDC in India, the central bank said. A CBDC is the legal tender issued by a central bank in … Read more
RBI Governor Shaktikanta Das will announce MPC decisions today at 10 am. The RBI’s stance was announced by the governor, Shaktikanta Das, during a press conference after he announced decisions taken at the bi-monthly RBI MPC meeting. RBI MPC: The Reserve Bank of India on June 8, Wednesday, held a press conference after announcing its … Read more
The RBI’s MPC decides to hike the repo rate, which is called monetary tightening, when it needs to control inflation in the country. The Reserve Bank is trying to establish a fine balance on the proposed CBDC keeping various considerations in mind, says expert A ‘nuanced’ and ‘calibrated’ approach is required to India’s first Central … Read more
RBI Governor Shaktikanta Das RBI governor Shaktikanta Das also said that he believes that that the Centre seems to be in sync with the central bank’s stance on cryptocurrencies India’s stance on cryptocurrencies has not always been much accommodative, and Reserve bank of India governor Shaktikanta Das on Monday, May 23, made it clear once … Read more
The RBI’s MPC decides to hike the repo rate, which is called monetary tightening, when it needs to control inflation in the country. The Reserve Bank has been exploring the pros and cons of introduction of CBDC in India, the central bank said. A CBDC is the legal tender issued by a central bank in … Read more
RBI Governor Shaktikanta Das will announce MPC decisions today at 10 am. The RBI’s stance was announced by the governor, Shaktikanta Das, during a press conference after he announced decisions taken at the bi-monthly RBI MPC meeting. RBI MPC: The Reserve Bank of India on June 8, Wednesday, held a press conference after announcing its … Read more
Finance minister Nirmala Sitharaman has said that the RBI wants to ban cryptocurrencies in India. (Image: Shutterstock) What we are saying is that the governments across the world over is figuring out how to regulate Crypto, WazirX vice president Rajagopal Menon said. Shortly after finance minister Nirmala Sitharaman informed the Parliament that the Reserve Bank … Read more
CBDC is a digital or virtual currency but it is not comparable to the private virtual currencies or cryptocurrency The RBI has been able to conduct a pilot and subsequent issuance of CBDC with the passage of the Finance Bill 2022, the central bank has said. The process to implement the Central Bank Digital Currency (CBDC) … Read more
