Social Media Should Act in Accordance With Indian Laws: MeitY

The Indian government’s proposal to set up a grievances appellate panel follows several complaints that social media platforms are not adequately redressing the issues raised by the people, Union Minister Rajeev Chandrasekhar said on Thursday. The Minister of State for Electronics and IT held an open house discussion with stakeholders on a draft notification to […]

Elon Musk, EU Industry Chief Discuss Digital Services Act

EU industry chief Thierry Breton met Tesla boss Elon Musk in Texas on Monday and the two signalled agreement on EU digital media regulation ahead of Musk’s purchase of Twitter. The meeting comes weeks after the world’s richest man clinched a deal to buy the social media company for $44 billion (roughly Rs. 3,40,270 crore) in […]

LIC IPO Soon, Suggests Government’s New Forex Act Notification: 5 Points

The 5 Big Takeaways of the LIC IPO story so far To allow large foreign portfolio investors (FPIs) to subscribe to shares in the public listing of the insurance behemoth, Life Insurance Corporation (LIC), the government has amended the rules of Foreign Exchange Management Act (FEMA). Here Is Your 5-Point Guide To The Delayed-LIC IPO […]

SEBI Refuses To Disclose NSE Inspection Reports Under RTI Act

SEBI had charged former NSE chief Chitra Ramkrishna and others with alleged governance lapses. New Delhi: The Securities and Exchange Board of India (SEBI) has refused to disclose under the RTI Act its inspection reports since 2013 related to functioning of the National Stock Exchange which is mired in controversy resulting from the market regulator’s […]

Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry

Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the income tax act, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to the Lok Sabha, Chaudhary said the government will come out with a definition of virtual digital […]

Crypto Mining Cost Not To Be Allowed As Deduction Under I-T Act: Finance Ministry

The 2022-23 Budget has brought in clarity concerning the levy of income tax on crypto assets. New Delhi: Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax (I-T) Act, Minister of State for Finance Pankaj Chaudhary said on Monday. In a […]

Digital Asset Sanctions Compliance Act Introduced By US Democrats To Curb Russian Crypto Use

US Democrats introduce bill to curb Russian crypto use amid Ukraine crisis Democratic US senators introduced a bill on Thursday that would enable the president to sanction foreign cryptocurrency firms doing business with sanctioned Russian entities and prevent them from transacting with U.S. customers. The Digital Asset Sanctions Compliance Act is led by Senator Elizabeth […]

Preity Zinta Lauds Mumbai Indians’ Responsible Act During IPL Auction | Cricket News

Preity Zinta lauds Mumbai Indians’ responsible act during IPL 2022 mega auction.© BCCI Bollywood star and Punjab Kings (PBKS) co-owner Preity Zinta took to Twitter to praise the Mumbai Indians (MI) contingent on the first day of the Indian Premier League 2022 (IPL 2022) mega auction in Bengaluru on Saturday. Taking to social media platform […]

Lenders Act Against Future Retail For Missing Payments

Future last month challenged its lenders in the Supreme Court to avoid facing insolvency proceedings. Mumbai: Lenders to India’s Future Retail have started classifying the retailer as a “non-performing asset” after the company missed payments due to the banks, they told the country’s Supreme Court in a filing seen by Reuters. The lenders also said […]

Apple working to allow iPhones to act as POS terminals

According to a new Reuters report, Apple is looking to introduce a new service that would allow businesses to use iPhones as POS (point of sale) terminals without any additional hardware involved. The move is expected to happen via a software update in the coming months and would allow customers to pay via NFC directly […]

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