Crypto Tax: Budget Proposal Spurs Talk of Legality, ‘Grey Area’
The government has said that trading in crypto assets is illegal after it announced taxing such transactions, just like winnings from gambling. “They are in...
Tag : Reserve Bank of India (RBI)
RBI Forces Restrictions on Indian Mercantile Cooperative Bank Ltd
The Reserve Bank of India (RBI) has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of Rs 1 lakh on...
RBI to Conduct VRR Auction of Rs 75K Crores
The Reserve Bank of India (RBI) announced that it would be conducting a Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) of...
RBI Conducts Rate Repo Auction of Rs 50K Cr
The Reserve Bank of India (RBI) has conducted a rate repo operation instead of pledging its regular variable rate reverse repo operations (VRRR) after the...
RBI Releases Eligibility Criteria of CICs
The Reserve Bank of India (RBI) released the eligibility criteria for entities under ‘Specified User’ of Credit Information Companies (CICs). The requirements have the conditions...
India’s Services Growth Drops in December at 55.5 PMI
India’s services sector grew for a fifth continuous month in December. Purchasing Managers’ Index (PMI) decreased to 55.5 in December from 58.1 in November. Export...
RBI Extends Card Tokenization Deadline Till June 2022
The Reserve Bank of India (RBI) has extended the deadline to comply with new card storage rules by another six months to June 2022, following...
RBI Raises Concerns Over Stablecoins
The Reserve Bank of India (RBI) has raised worries about stablecoins and said that any crypto asset attached to other global currencies could damage the...
