Browsing: Policy

The Reserve Bank of India’s Governor, Shaktikanta Das today on May 17 and 18 held meeting with select MD &…

Six of the eleven applicants were not found suitable by RBI for granting of in-principle approval to set up banks.

The RBI today announced the appointment of Sitikantha Pattanaik and Rajiv Ranjan as its new Executive Directors. Both have an experience of more than three decades in economics field and have been associated with the central bank earlier.

IRDAI’s Open House is intended to invite suggestions from all the regulated entities for achieving the overall objective of increasing insurance penetration in the country and to work towards resolution of impediments hindering the process.

Digital banking products and services would generally mean those financial products/services whose designs and fulfilments have nearly end-to-end digital life cycle with the initial customer acquisition / product delivery necessarily taking place digitally through self-service or assisted self-service.

Ashish Singhal, Co-chair of BACC and Founder-CEO of CoinSwitch Kuber said, “We fear the lack of provision to offset losses will drive away users from KYC-compliant exchanges and platforms to the peer-to-peer grey market, which would defeat the purpose of the new tax.

Niti Aayog on Monday said that with increasing use of AI in the financial sector, policymakers and regulators need to…

There have been reports of such ETPs engaging agents who personally contact gullible people to undertake forex trading investment schemes and entice them with promises of disproportionate/exorbitant returns.

The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.  Accordingly, for the taxation of virtual digital assets, I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 percent, FM Sitharaman said. 

As part of the government’s overall market borrowings in 2022-23, sovereign green bonds will be issued for mobilising resources for green infrastructure,  Sitharaman said in her Budget speech.