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Wholesale inflation at record high of 15.08% in April on price rise across all items

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Wholesale price-based inflation spiked to a record high of 15.08 per cent in April on rising prices across segments from food to commodities. The WPI-based inflation was 14.55 per cent in March and 10.74 per cent in April last year. Wholesale inflation is tracked by the Wholesale Price Index (WPI). It measures…

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Cryptocurrencies likely to be treated as commodities, may face taxation: Report

Posted on Posted in Business by 25 views

The much-awaited cryptocurrency draft bill may propose to define cryptocurrencies and classify them based on usage. The move is likely to benefit Indian cryptocurrency investors who have been waiting for a concrete law to regulate virtual coin trading. Cryptocurrencies could be defined as commodities or assets in the…

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