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Digital rupees may save money, reduce RBI fees
A digital currency will save operational costs of printing, distributing and storing currency notes for the Reserve Bank of India RBI with a portion of the cash in circulation likely to be replaced with online legal tender. A digital currency will save operational costs of printing, distributing and storing currency notes for the Reserve Bank of India RBI with a portion of the cash in circulation likely to be replaced with online legal tender. For every 100 rupee note, the cost is estimated to...
Updated: 02/14/2022
Karnataka HC strikes down Act against gambling on online games
... unconstitutional. The Act had criminalised betting on and playing games of skill, including online games. The decision was a big win for the lead petitioner All India Gaming Federation. The petitions for writ are successful. A Division Bench of Chief Justice Ritu Raj Awasthi and Justice Krishna S Dixit pronounced the judgment, according to Bar and Bench. The court has made it clear that the entire Act has not been struck, but only the provisions that were unconstitutional. The bench made it clear that the judgement ...
Updated: 02/14/2022
COVID 19 impact of COVID 19 could adversely affect business: LIC
The much-awaited initial public offer IPO of Life Insurance Corporation of India LIC was formally set in motion on Sunday with the government filing the draft red herring prospectus DRHP of the insurance behemoth. The much-awaited initial public offer IPO of Life Insurance Corporation of India LIC was formally set in motion on Sunday with the government filing the draft red herring prospectus DRHP of the insurance behemoth. While there seems to be no shortage of demand and curiosity for the government-owned...
Updated: 02/14/2022
India to sell 5 percent stake in insurer LIC
According to a regulatory filing Sunday, India plans to sell a five percent stake in insurance giant LIC in what could potentially be the country's largest initial public offering. According to a regulatory filing Sunday, India plans to sell a five percent stake in insurance giant LIC in what could potentially be the country's largest initial public offering. Prime Minister Narendra Modi is desperate for proceeds from the IPO of the Life Insurance Corporation of India and the sale of other...
Updated: 02/13/2022
Cryptocurrency not legal in India right now: Minister
On Saturday, the Union Minister Bhagwat Karad said that cryptocurrencies are not legal in the country and nothing can be said about what could happen in this segment in the future. On Saturday, the Union Minister Bhagwat Karad said that cryptocurrencies are not legal in the country and nothing can be said about what could happen in this segment in the future. The Reserve Bank of India and the Union government have not given any sort of recognition to cryptocurrencies, and they are not legal in...
Updated: 02/12/2022
Cryptocurrency not legal in the country right now: Centre
The Union Minister, Bhagwat Karad, said that cryptocurrencies are not legal in the country and nothing can be said about what could happen in this segment in the future. The Union Minister, Bhagwat Karad , said that cryptocurrencies are not legal in the country and nothing can be said about what could happen in this segment in the future. The Reserve Bank of India and the Union government have not given any sort of recognition to cryptocurrencies and they are not legal in the country right now...
Updated: 02/12/2022
Dalal Street sells on Dalal Street, NSE Nifty sinks for the week
Thursday s selling on Dalal Street has dragged the benchmark equity indexes lower for the week after the strong US inflation data shows an aggressive rate hike by the Federal Reserve. Friday s selling on Dalal Street has dragged the benchmark equity indexes lower for the week after the strong US inflation data shows an aggressive rate hike by the Federal Reserve . The 30 share of the BSE Sensex declined by 491.90 points, or 0.84 per cent, to 58,152. For the week ending February 11 there were 92...
Updated: 02/12/2022
Infographic: India is on the cusp of digital transformation
An unreleased data from a FedEx Express countrylandland released last year shows that the Covid 19 epidemic has accelerated digitalisation in daily life in Indian cities. An unreleased data from a FedEx Express countrywide study released last year shows that the Covid 19 epidemic has accelerated digitalisation in daily life in Indian cities. This rapid digital transformation encompassed a wide range of industries from healthcare to manufacturing to logistics. In October of last year, the American...
Updated: 02/11/2022
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