At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
If the central banks act harshly now, the markets will crash and then rally. If they are hesitant, the pain will be prolonged, predicts Debashis Basu.
Like software-as-a-service (SaaS), CaaS has emerged as a well-orchestrated ecosystem for cybercriminals.
Do you suspect that your partner is cheating on you and want to find out the truth by installing spyware on their phone? Or, perhaps you are a student who wants to get out of an online classroom so you can play an online game with friends? How about some Zoom raiding for a mere Rs 50-100? Or, are you a person who wishes to hack into someone's phone or laptop, and steal their financial details? Crimeware-as-a-Service (CaaS) allows you to do all this and more.
'The truth in your words and the relentless drive to make a difference.' 'So go on all you beautiful souls, the world is your oyster.'
'Sebi has to make sure that investor interests are protected and at the same time, there isn't over-regulation so that companies don't get discouraged to list here.'
There are overvaluation and excesses in many pockets of the market. This is most obvious in the IPO market, where loss-making companies have inflicted large losses on investors, observes Debashis Basu.
'If the third wave of Covid infections is as bad as the second one, the market may get very polarised with a preference for blue-chips with low volatility.'
While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.
'There will always be a challenge to maintain a fine balance to ensure that the growth keeps happening and inflation is contained.'
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
Modern Love: Mumbai has a mostly good selection of stories, and unlike so many other OTT shows that seem to think profanity and sex depict modernity, this one can be watched with the family without any discomfort, observes Deepa Gahlot.
'For someone who wants to invest for the future or his family, diversification is necessary.' 'Diversify across asset classes -- equities, gold, real estate, fixed income, commodities, and even cryptocurrency.'
Mathematical problems can sometimes turn out to have real-world applications. This is true for the Riemann Hypothesis. Crypto-currency investors will heave a sigh of relief if the problem is unsolved since a proof could render their expertise obsolete, explains Devangshu Datta.
A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Ahmedabad-based crypto firm Kali Digital Ecosystems' plea against the ban will be heard on July 20.
The government plans to bring down its stake to 26 per cent in these two banks, which are yet to be identified. This may not come in the way of getting investors for these banks, provided the government is willing to step back rather than run them the way it had been doing for over five decades since these banks were nationalised, points out Tamal Bandyopadhyay.
Following the surge in demand, Bitcoin is being quoted on Indian exchanges at 25-28 per cent higher than the international price, reports Rajesh Bhayani.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
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.
Nazir Karigar, 64, who claimed he paid the bribe to supply a facial-recognition security system to Air India has reportedly been charged by the Royal Canadian Mounted Police under the Corruption of Foreign Public Officials Act, a law that prohibits the payment of bribes abroad
Nazir Karigar, an Ottawa-based Indo-Canadian entrepreneur, claimed to have bribed India's Minister of Heavy Industries in 2005, to get a $100 million contract for his company CryptoMetric, says a report in The Globe and the Mail.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
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.
Former US National Basketball Association star Dennis Rodman arrived in Singapore late on Monday for a summit between US President Donald Trump and North Korean leader Kim Jong Un, saying he was 'excited to be part of it'.
Ramsomware, a kind of malicious software, is designed to block access to a computer until a certain sum of money is paid.
When it comes to Mr Portnoy, it is hard to claim that his trading patterns are any more logical than his fictional namesake's methods of entertaining himself, notes Devangshu Datta.
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.
Rodman, who is one of a handful of Westerners to have visited reclusive North Korea and met Kim Jong Un, arrived in Singapore on Monday, the eve of the summit, declaring he was "excited to be part of it".
Symantec report says India saw 6% of social media scams globally in 2014
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
Craig Wright identified himself as Satoshi Nakamato, the pseudonym he says he created when launching the currency in 2009.
Sonia Gandhi's prime ministerial ambition for her son has been a major factor in the Congress's internal politics since 2004, points out Amulya Ganguli.
Where the human aspect of Godzilla fails, technology more than does its bit. The glee it evokes, no matter how meaningless or momentary, is worth the price of admission, feels Sukanya Verma.
Jim Rogers' decision not to invest now is not India-specific, but has to do with the problems relating to how the major global economies are shaping up.
'God gave me a second chance to live and I had to make the most of it.'
The stronger-than-expected recovery in remittances -- payments that are key to supporting the economies of many poor countries -- was driven by growth in Europe, Russia, and the United States.
If Manmohan Singh was hobbled by allegations of sleaze and a stagnant economy, Modi faces the twin challenges of high unemployment and an uncertain and potentially volatile situation in Kashmir, points out Amulya Ganguli.
