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

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…

Amazon, Tata Said to Have Opposed Government’s Tougher E-Commerce Rules

Amazon and India’s Tata Group warned government officials on Saturday that plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar with the discussions told Reuters. At a meeting organised by the consumer affairs ministry and the…

Private Hospitals Used 17% Vaccine In May, 1 Crore Doses Unutilised: Data

According to a press release by the Health Ministry, a total of 7.4 crore doses were made available across the country, of which 1.85 crore doses were earmarked for private hospitals. At a time when vaccine shortage is being reported across the country, government data has shown that only 17 per cent of doses were…

Making Every Effort To Comply: Twitter To Government On New Digital Rules

The new rules enforced last month require major social media platforms like Facebook and Twitter to appoint a grievance officer, a nodal officer and a chief compliance officer, each based in India. Twitter has written to the government that it is “making every effort” to comply with new digital rules and…

Corona updates in India

India reaches three million (30,44,941) positive cases of Covid-19 till date, due to the continuous and fast spread of corona virus in India day by day. Total number of active cases recorded was 7,07,668 , number of people who got cured, discharged was 22,80,567 with a good cure rate ,which makes a big hope and shows…

India will not import Chinese power equipment from china

After the Chinese apps were banned in India due to the threat and tensions created by china along the LAC Borders, Ladakh which killed 20 militants in Indian side. India have made a decision that ,it will not import power equipment from china as they can cause a power grid shutdown in the country. Power system is…