The twin ports of Los Angeles and Long Beach accounted for more than a third of all U.S. trade with … [+] Vietnam in 2021. The top three airports, Dallas-Fort Worth, Chicago O’Hare and Los...
Tag: India
India’s 9% Growth Is A Crisis In Slow Motion
Narendra Modi’s cozying up to Vladimir Putin might score in the short run, but it could damage … [+] India’s global standing in the longer run. BIJU BORO/AFP via Getty Images Listening to Indian...
IIT Bombay graduate Raj Subramaniam to be new CEO of FedEx — Quartz India
The Indian Institutes of Technology (IITs) have one more reason to cheer. Another of their alumni has grabbed a top position at a global company. Raj Subramaniam, a product of IIT Bombay, was yesterda...
For First Time, India Is Top Buyer Of U.S. Oil, Plus $100 Billion Trade Partner
For just the first time, India became the No. 1 purchaser of U.S. oil in 2021, also have one export … [+] or import top $10 billion for the first time. ustradenumbers.com For the first time, Ind...
Current Cryptocurrency Regulations in India
Cryptocurrency entered India in 2013 and raised a lot of heat among people from all social classes who invested and traded with great enthusiasm. The authority at that time was not very particular abo...
Why did Anil Ambani quit Reliance Infra and Reliance Power? — Quartz India
Anil Ambani‘s good old days are unlikely to return anytime soon. The “penniless” younger brother of Asia’s richest man Mukesh Ambani, last week resigned as director of Reliance Power and Reliance Infr...
India: Probe into crypto exchanges reveals over $10.7 million in tax irregularities
11 crypto exchanges were probed under investigation in India for alleged evasion of goods and services tax (GST). The quantum of evasion is valued close to INR 81 crore (~$10.7 million) as per The Tim...
India’s Largest Multiplex Operators PVR And INOX To Merge
Two of India’s largest multiplex operators will merge, amid difficult recovery period for the film … [+] exhibition sector. AFP via Getty Images Amid recovery in the heavily-impacted film ...
India Passes Controversial Crypto Tax Laws, Effective on April 1
India’s parliament announced last Friday that it passed the Finance Bill 2022, which has introduced taxation on digital assets including cryptocurrencies. The new law has imposed a 30% capital gains t...
Tata and Adani queue up to buy Anil Ambani’s Reliance Capital — Quartz India
Anil Ambani’s debt-ridden firm Reliance Capital has evoked interest from several quarters, including the 150-year old Tata Group, coal billionaire Gautam Adani’s group, and Yes Bank. Promoted by the R...
Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider – Coinotizia
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 20...
This Week [In] Crypto: BAYC Parent Company Valued at $4.5B, Russia and India Prefer CBDCs
Did you miss anything important in crypto last week? Don’t worry! Be[In]Crypto has you covered with the most important topics from India’s plan for a central bank digital currency (CBDC) to war in Uk...
Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider – Taxes Bitcoin News
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 20...
Unfair Crypto Taxes Can Hit India With Biggest Brain Drain Ever
India has finally approved the 30% crypto tax proposed in the Union Budget 2022-23 by the Finance Minister. Implications also include 1% Tax Deducted at Source (TDS) on every crypto transaction. Exper...
After the EU-US deal, Russia counts on India to buy gas and oil — Quartz India
Russia’s list of gas buyers is shrinking. The US and the EU today (March 25) announced a deal for the US to supply Europe with at least 15 billion additional cubic meters of liquid natural gas (LNG) b...
‘RRR’ Tops ‘The Batman’ With $3.3 Million Thursday
RRR Into the Blue Between seeing RRR in IMAX yesterday morning and seeing Everything Everywhere All At Once in IMAX last night, yesterday was a good day for overlong, overwhelming action-fantasy spect...
India Imposes 30% Crypto Tax, But Politicians Are Fighting Back
Key Takeaways A new finance bill has passed a vote in the upper house of the Indian Parliament. The bill enforces a 30% tax on crypto trading profits and a 1% tax of all crypto transactions. Several m...
India Passes Stiff Crypto Tax Laws Despite Industry Uproar
Asked if that meant the industry had failed to educate the government through all the consultation efforts that took place in the previous weeks and months and Thakral explained that this is “just how...
China Is Quietly Taking Cheap Russian Crude as India Buys More
(Bloomberg) — China’s oil refiners are discreetly purchasing cheap Russian crude as the nation’s supply continues to seep into the market. Most Read from Bloomberg Unlike India’s state-run oil r...
With Finance Bill Vote, India Continues to Reckon With the Growing Crypto Industry; Bitcoin, Ether Tread Water
The largest cryptocurrency by market cap was recently holding above $42,400, roughly where it perched 24 hours ago. Ether, the second-largest crypto by market cap, was about as flat over the same peri...
Proposal for crypto tax policy in India will go to parliament on March 24
A tax proposal on crypto from India’s Finance Minister Nirmala Sitharaman may be closer to becoming law as the country’s lower house of parliament is scheduled to consider the legislation on Thursday....
Does India Need a Crypto Regulator? Industry Players Give their Opinions
India’s crypto industry is bracing itself for the fallout from changes to the country’s tax code. Be[In]Crypto spoke to Pratik Gauri, CEO, and co-founder of blockchain startup 5ire for his take on the...
Report: India Has No Plans for a Digital Rupee
Not long ago, it was reported that the Reserve Bank of India (RBI) was planning to not only regulate cryptocurrency, but it would also be unveiling a digital version of the rupee, the official currenc...
India Won’t Allow Compensating One Cryptocurrency’s Loss With Another’s Gain – crypto.news
On Monday, a junior finance minister in India announced that the country had tightened rules for crypto by disallowing losses made in a particular digital asset to be offset against income from anothe...
India Bans Offsetting Loss On One Crypto With Gain From Another
India’s ministry of finance has dealt another blow to crypto fans with the announcement that individuals will not be permitted to offset a loss on one asset against profit from another. India has been...
India Complicates Its Crypto Policy, Will Tax Profits From Different Crypto Assets Separately
India doesn’t seem to be offering a friendlier environment for crypto investors in the country. In February 2022, India introduced a harsh 30% tax on profits derived from trading crypto assets. Clarif...
India Government Working On Classification of Cryptocurrency as Goods or Services Under the GST Law ⋆ ZyCrypto
Advertisement     The Indian government is working towards bringing more clarity on digital assets for the administration of goods and services (GST) tax. As per a new...
Asia’s First ETF Will Launch in India by End of Fiscal Year
Since November 2021, investors in India have been able to take positions on the cryptocurrency market without having to “put skin in the game,” which means that they have the option to actively partic...
India to Classify Cryptocurrencies as Goods and Services
India is proposing to amend its goods and services tax (GST) to include cryptocurrencies for taxation purposes. In a report, the Hindu said only 18% GST is currently levied on services offered by cryp...
Reserve Bank of India Advocates for Crypto Ban
The Reserve Bank of India (RBI) has advocated for a blanket ban to be imposed on the digital currency ecosystem as the central bank believes this nascent asset class poses a threat to the rise of the ...
India to Start 30% Tax on Crypto Earnings Starting April 1
Beginning April 1 this year, cryptocurrency and virtual assets earnings In India will pay 30% tax, Central Board of Direct Taxes (CBDT) chairman JB Mohapatra said. The CBDT chairman said the proposed ...
Indian beauty company Nykaa looks to physical retail expansion
While Nykaa started as an e-commerce platform, founder and CEO Falguni Nayar is a “big believer” in physical retail and said there is demand from consumers. “The last two years have ...