Clipped from: https://www.thehindubusinessline.com/opinion/editorial/onward-to-regulation/article64967236.ece FILE PHOTO: A representation of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo | Photo Credit: Dado Ruvic Taxing cryptos
Category: RBI–Banks
Policy normalisation: RBI may up reverse repo rate by 25 bps – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/policy-normalisation-rbi-may-up-reverse-repo-rate-by-25-bps/article64969484.ece FILE PHOTO: The logo of Reserve Bank of India (RBI) is seen inside its headquarters in Mumbai | Photo Credit: FRANCIS MASCARENHAS The
Can RuPay pip Visa, Mastercard in credit cards? Incentives to banks, global acceptance hold the key.
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/can-rupay-pip-visa-mastercard-in-credit-cards-incentives-to-banks-global-acceptance-hold-the-key-/primearticleshow/89412435.cms SynopsisNPCI-owned card platform RuPay dominates a third of the debit-card market. NPCI rules the mobile-payment market with UPI. But the credit-card segment will
Crypto tax set to complicate life for the exchanges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/crypto-tax-set-to-complicate-life-for-the-exchanges/articleshow/89416902.cms SynopsisWhen crypto exchanges deduct 1% TDS, it will be recorded as “consideration” on their books, say tax experts. This in turn would attract
RBI Policy Review: Inflation may take spotlight, but growth war still on – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/rbi-policy-review-inflation-may-take-spotlight-but-growth-war-still-on/articleshow/89407865.cms Synopsis An ET poll comprising 22 respondents predicts that at its three day policy review ending Thursday, the RBI’s Monetary Policy Committee will
crypto investors: Tax and track: How Budget is mixed bag for crypto investors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/tax-and-track-how-budget-is-mixed-bag-for-crypto-investors/articleshow/89418139.cms Synopsis India became one of the few countries to tax digital assets like cryptocurrencies and NFTs (non-fungible tokens) when finance minister Nirmala Sitharaman
Counting on digital currency – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/counting-on-digital-currency/articleshow/89390457.cms Synopsis As India wants to leverage its fintech startup space and reap the benefits of a digital currency -even as it seems to
Bad Bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-bad-bank/article64970615.ece What is a Bad Bank? A Bad Bank is floated by lending institutions and/or Government to rid the former’s balance sheet of impaired
Digital currencies and their economic value – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-digital-currency/article64966585.ece Frankfurt, Hesse, Germany – April 17, 2018: Many coins of various cryptocurrencies | Photo Credit: gopixa It is the same as a fiat
Government exploring ways to levy GST on mining of cryptocurrencies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/government-exploring-ways-to-levy-gst-on-mining-of-cryptocurrencies/article64996507.ece As on date, commission for facilitating the buy and sale of cryptocurrecny attracts GST | Photo Credit: Dado Ruvic Classification, category of mining
What are virtual digital assets? | Business Standard News
Clipped from: https://www.business-standard.com/podcast/technology/what-are-virtual-digital-assets-122020800065_1.html Budget euphoria may well be waning away on Dalal Street, but some of its announcements are still fresh in people’s imaginations. Virtual digital
MPC will pave way for faster policy normalisation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/mpc-will-pave-way-for-faster-policy-normalisation-122020802150_1.html As the MPC signals normalisation, a key challenge for the RBI would be to ensure that even as sovereign yields rise, the move
It’s time to formalise the normalisation process: Part 2 | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/it-s-time-to-formalise-the-normalisation-process-part-2-122020800017_1.html MPC’s stance should remain accommodative till growth is secured, and future actions should be data-driven. But for now, reverse repo rate should be
IDBI selloff: Potential investors want Rs 34kcr NPAs given to bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/idbi-selloff-potential-investors-want-rs-34kcr-npas-given-to-bad-bank/articleshow/89234148.cmsSynopsis These suggestions have been made in the investor feedback sought by KPMG, the transaction advisor for the IDBI Bank strategic sale, according to
Bank NPAs down but restructured advances could pose problems: Economic survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-npas-down-but-restructured-advances-could-pose-problems-economic-survey/articleshow/89246386.cmsSynopsis Both gross NPA ratio and net NPA ratio of banks has declined since 2018-19 with GNPA ratio down to 6.9% in September 2021
Bad bank: ‘Bad bank faces new challenges with a change in structure’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-faces-new-challenges-with-a-change-in-structure/articleshow/89232836.cms SynopsisThe newly-minted bad bank faces obstacles in the resolution of stressed assets as the final structure and contours of the institution get more
Over 66 lakh MSMEs registered on Udyam portal, 95% are micro enterprises, 0.5% medium firms: Economic Survey 2021-22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/over-66-lakh-msmes-registered-on-udyam-portal-95-are-micro-enterprises-0-5-medium-firms-economic-survey-2021-22/articleshow/89243928.cmsSynopsis The Economic Survey also highlighted the Champions portal as being an ICT based technology system for making the smaller units big by helping
Over 95 lakh borrowers, Rs 2.28 lakh crore disbursed under ECLGS: Eco Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/over-95-lakh-borrowers-rs-2-28-lakh-disbursed-under-eclgs-eco-survey/articleshow/89243780.cmsSynopsis Among other efforts, the Reserve Bank of India announced a 6 month moratorium and deferment of interest for all term loans which was
What is reverse repo normalisation? | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/explained-reverse-repo-normalisation-rbi-7746913/ To understand what is reverse repo normalisation, it is important to understand what is reverse repo and how it is not “normal” at
PMC depositors move SC against final merger plan with Unity SFB | Business Standard News
lipped from: https://www.business-standard.com/article/finance/pmc-depositors-reject-merger-scheme-with-unity-sfb-will-appeal-before-sc-122012700316_1.html Among other haircut terms, depositors have to wait for 10 years to get back their money if the amount is more than Rs
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