The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
Automation, artificial intelligence, cryptocurrency and virtual reality would demand more jobs.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
Amid increasing popularity of virtual currencies in various parts of the world, the Reserve Bank of India (RBI) on Monday said it is open to exploring the possibility of a digital version of fiat currency. Host of private digital currencies, virtual currencies and cryptocurrencies have gained popularity in recent years, though Indian authorities continue to remain sceptical about them. "In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks. "Nevertheless, the RBI is exploring the possibility as to whether there is a need for a digital version of fiat currency and in case there is, then how to operationalise it," the RBI said in its booklet on 'Payment Systems in India -- Journey in the Second Decade of the Millennium'.
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
The Summit for Democracy seems to have done more harm than good, notes Ambassador T P Sreenivasan.
The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said on Thursday. The economic revival will continue "unabated", Das said, asserting that there is no need for a downward revision of RBI's 10.5 per cent GDP growth forecast for FY22. Speaking at Times Network's India Economic Conclave, Das said, "We have 'insurance' to protect economic revival like a fast-paced vaccination drive, greater ability among people to follow COVID protocols", and one does not see lockdowns as well.
Welcome to Non-Fungible Tokens (NFT) - digital constructs authenticated using an abstract mathematical application. An NFT is a unique token added to some digital construct and registered on a blockchain with details of ownership. The construct itself might be free (it often is) but the NFT along with the construct is worth "more". The NFT market didn't exist until 2017 when "cryptokitties", or virtual cats, became available with NFTs. The market is now worth around $350 million. Speculators believe it is likely to be worth much more in future.
'I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here. After a clear warning we'd take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter. Was this correct?'
Illegal gambling on the cup is prevalent in countries like Thailand and Malaysia, where football is hugely popular, but which don't have legal betting alternatives, gambling industry experts say.
Based on the holding period, the profit you make is liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.
Deputy US Attorney General Jeffrey Rosen on Wednesday announced that three indictments have been unsealed in the matter that collectively charge five Chinese nationals with computer hacking and charge two Malaysian nationals with helping some of those hackers target victims and sell the fruits of their crime.
Indian exchanges see spurt in volumes due to the entry of newcomers to the trade
Sensitive cases like the validity of the scrapping of Article 370 of the Constitution, the Citizenship Act, and states challenging perceived assault on federalism were on the back burner. An analysis of the judgments delivered in the past months would show that it was acting more like a court of appeal rather than a Constitutional court, observes M J Antony.
The move is aimed at protecting investors from parking their money in dubious schemes.
The hack may have been done by a rogue Twitter employee, or it may have been a smart hack into the Twitter system, or a social hack where someone conned Twitter's employees into giving them access,' suspects Devangshu Datta.
'It could tempt investors to pick stocks that are not fundamentally sound.'
Being distributed through a fake Flash Player app, the malware is designed for stealing login credentials, hijacking SMSs, uploading contact lists and SMSs to malicious servers, reports Romita Majumdar.
Dhivya Suryadevara, chief finance officer of the US's largest automaker General Motors, comes in at the 4th spot, followed by Vimeo CEO Anjali Sud (14), cofounder and co-CEO of Robinhood, Baiju Bhatt (24) and Female Founders Fund founding partner Anu Duggal (32).
In the Silicon Valley of India, one can use the cryptocurrency to pay for food, buy bus tickets, order stuff online, and even get a haircut.
Craig Wright identified himself as Satoshi Nakamato, the pseudonym he says he created when launching the currency in 2009.
The businessman was summoned at the ED's office and was asked questions about the purported links of the alleged main accused of the case Amit Bhardwaj with his businesses.
'It's a moot point if Kailaasa will ever evolve beyond being a haven for a fugitive from justice,' notes Devangshu Datta.
Infosys said it is in discussion with over 10 institutions globally for deploying the solution
Drivezy is helping people share their vehicles.
The last time all listed starred questions were taken up was in 2002 during the 197th Session of the Upper House, officials in the Rajya Sabha secretariat said.
'The childhood urge to amass wealth may account for one's inexplicable urge to stockpile change, for there is nothing more gratifying than to lift a box heavy with one's treasure, more satisfying somehow than all the zeroes the Kochhars, Modis and Mallyas appear to have allegedly scammed our banks over,' says Kishore Singh.
Interoperability with other insurance companies - apart from banks, medical centres, among others - would be the eventual goal
The 20 richest people on the planet are worth a staggering USD 1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico.
Jim Rogers, chairman of Rogers Holdings, tells Puneet Wadhwa that the US bond market that hit bottom in 1981 and has been in a bull-run since then, is coming to an end.
"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.
Did you know that India is among the top five countries in food processing?
Summary of sports events and persons who made news on Friday
Kenneth Rogoff, professor of public policy and economics at the Harvard University, tells Dilasha Seth on the sidelines of the Delhi Economics Conclave that public sector banks will need to take a one-time haircut to address non-performing assets.
The threat was 'escalating' as cyber experts warned that another attack was imminent in coming days.
Bitcoin billionaires are well-known in the avenue of criminality.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
Fund manager Gautam Sinha Roy shares what he has learnt from Warren Buffett, after attending Berkshire Hathaway AGMs over the years
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
