Winter session: To ensure sin goods stay costly, FM Sitharaman moves bills for extra levies

NEW DELHI: Seeking to ensure that prices of sin goods such as tobacco products and pan masala do not fall after withdrawal of GST compensation cess, finance minister Nirmala Sitharaman on Monday moved two bills that will empower govt to levy excise duty on tobacco and tobacco products, while imposing health and national security cess…

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U.S. FDIC Chief Says First Stablecoin Regulations Heading for Proposal This Month

The acting chief of the U.S. Federal Deposit Insurance Corp. said the banking regulator expects to start proposing rules for stablecoin issuers before the close of December, according to testimony Travis Hill is preparing to deliver Tuesday before the House Financial Services Committee. First up on the regulator’s agenda for implementing the Guiding and Establishing…

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U.S. House Lawmakers Detail Grievances Over Government’s ‘Choke Point 2.0’

The U.S. government was deliberately trying to hold back crypto development for years, according to a report released by U.S. Representative French Hill, who has been at the center of Congress’ push toward establishing crypto policies. The Republican chairman of the House Financial Services Committee issued a lengthy report on Monday detailing the federal government…

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SC orders CBI probe into ‘digital arrest’ scam cases | India News

(AI-generated image used for representation purposes) NEW DELHI: Supreme Court order for pan-India CBI probe into ‘digital arrest’ cases, while signifying the threat from digital scamsters, is important also because the opposition-governed states had withdrawn “general consent” to CBI to probe crimes in their territories.Keeping two other forms of cyber-crime – investment scams and part-time…

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NC MPs press Centre to restore J&K statehood in maiden Parliament speeches | India News

CM Omar Abdullah applauded their maiden interventions as “first day, first show”. He was present in the House as it convened for the winter session Monday. (Photo credit: ANI) SRINAGAR: Newly elected National Conference lawmakers used their first day in Parliament to demand restoration of J&K’s statehood and remind the Centre of its pledge to…

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BSF warns of 120 terrorists on LoC launch pads | India News

SRINAGAR: Around “120 terrorists” positioned on 69 launch pads across the LoC are under close watch and the next phase of Operation Sindoor will be activated without hesitation if Pakistan attempts any “misadventure”, BSF Kashmir frontier IG Ashok Yadav said Monday.Yadav said during the border force’s annual briefing that Pakistan shifted several launch pads deeper…

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