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Union Finance Minister Nirmala Sitharaman stated on Monday, April 18, that the main danger associated with cryptocurrencies is that they might be used for money laundering and terror funding, adding to the already shaky cryptocurrency sector in India. Sitharaman said, “Biggest risk of cryptocurrency could be money laundering and its use for financing terror.” “I […]
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As India’s exports reached its $400 billion merchandise target for FY2022, Prime Minister Narendra Modi hailed the achievement as an “important milestone” in the country’s “Aatmanirbhar Bharat journey” on Wednesday. The aim was met with 10 days to spare. India’s exports exceeded $400.8 billion on March 21, and total fiscal exports are likely to exceed […]
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On the BSE Sensex, the share price of Paytm plunged more than 12% to an all-time low of Rs 672 a share on Monday. Shares of One 97 Communications, Paytm’s parent firm, plummeted after the Reserve Bank of India (RBI) prohibited Paytm Payments Bank from accepting new clients and requested a thorough examination last week. […]
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The Reserve Bank of India (RBI) unveiled a unified payments interface (UPI) for feature phones on Tuesday, bringing around 400 million users of such phones into India’s domestic payments network. The RBI’s new UPI 123Pay service will allow feature phone users to make quick digital payments. RBI Deputy Governor T Rabi Sankar believes UPI for […]
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Indian stock markets: Following a 4.7% drop on Thursday, stock markets rose by 3% in the first session on Friday, as a remarkable turnaround on Wall Street following a series of severe penalties imposed by the US and other nations on Russia provided some respite to concerned investors. At 10.45 a.m. IST, the benchmark Sensex […]
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Russia-Ukraine conflict: With the threat of full-fledged conflict approaching after Russian President Vladimir Putin declared a “military operation” in Ukraine earlier today, gold prices are predicted to rise dramatically shortly. Geopolitical tensions, along with a predicted downturn in the global economy and rising inflation, might lead to a significant increase in gold prices. Gold prices […]
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Russia-Ukraine conflict: On Thursday, the stock market dropped more than 4%, and the rupee had its worst session in more than ten months, as Russia’s invasion of Ukraine drove oil prices skyrocketing and fueled inflation worries. The BSE Sensex and Nifty 50 finished in the red, falling about 5% on Thursday after Russian President Vladimir […]
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Russia-Ukraine conflict: According to experts, the ongoing Russia-Ukraine conflict, which propelled global crude oil prices above $100 per barrel on February 24, might lead to a bumper quarter for India’s oil and gas producers in the March quarter. Higher crude oil costs, according to industry observers, are big headwinds for many industries, including aviation, paint, […]
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e-RUPI, which was introduced to transmit welfare services to beneficiaries smoothly, is a system of prepaid digital vouchers sent straight to recipients’ phones. e-RUPI is a pre-digital payment method that is cashless and contactless. The Reserve Bank of India (RBI) increased the e-RUPI prepaid digital vouchers cap. Governor Shaktikanta Das said on Thursday that the […]
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In an interview, Nandan Nilekani, co-founder of Infosys and chief architect of Aadhaar, said that India’s digital rupee, which the government plans to implement in the next fiscal, should be nameless to avoid state surveillance. He went on to say that India is “doing the right thing” by acknowledging the concept of digital assets while […]
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