NEW DELHI: The income tax department on Wednesday flagged major risks associated with virtual digital assets (VDA), such as cryptocurrency, joining the Reserve Bank of India in opposing the entry of these instruments.In a presentation to the parliamentary standing committee of finance, the tax authorities flagged as to how anonymous, borderless and near-instant value transfer…
NEW DELHI: The latest GDP numbers at current prices will provide cheer to the Centre’s budget team as it works out the final set of numbers for the current fiscal year.Although the nominal GDP growth was estimated at 8%, slower than the 10.1% assumed at the time of presenting the budget, the latest data released…
NEW DELHI: As Indian and European negotiators enter what is seen to be the final rounds of talks for a free trade agreement (FTA), the local auto companies are wary of Chinese electric vehicles using European Union as a gateway to enter the domestic market at lower duty.As a result, auto players have demanded that…
The manufacturing sector remained robust and is estimated to grow by 7% in 2025-26 as opposed to 4.5% last fiscal while construction continued to be healthy at a growth rate of 7%, compared with an increase of 9.4% in 2024-25. Nominal GDP, which accounts for inflation, is estimated to grow by 8% in 2025-26.The crucial…
The Kinexys-led move aims to bring regulated digital cash to a privacy-enabled blockchain for real-time, interoperable finance. Source link
US President Donald Trump announced on Truth Social that he is taking steps to ban large institutional investors from buying single‑family homes in US. The MAGA chief said he will also ask Congress to codify the measure and plans to discuss broader housing and affordability proposals during his upcoming speech at the World Economic Forum…
SRINAGAR: The Omar Abdullah govt on Tuesday rejected the demand of statehood for Jammu region, calling it “unviable”, and said it was instead time for Ladakh to be reunited with Jammu and Kashmir.“J&K was a full-fledged state earlier. It was then bifurcated into Ladakh and J&K. Those who split J&K state now want to divide…
SRINAGAR: Omar Abdullah govt in J&K is indifferent to the plight of the people, PDP chief Mehbooba Mufti told a gathering on the tenth death anniversary of her father and PDP founder Mufti Mohammad Sayeed at his mausoleum in Anantnag district’s Bijbehara on Wednesday.“I am living for my father’s dream of seeing the people of…
The team said that 20% of the total supply has been set aside for users and developers eligible to receive tokens. Source link
BENGALURU: India’s first space mission for 2026 will launch a defence satellite built by the Defence Research and Development Organisation (DRDO), a satellite for ministry of external affairs (MEA) to be used by Nepal, test on-orbit refuelling technology of a Bengaluru-based startup, aside from 13 other satellites, including foreign ones from UK, France and Brazil.The…
