Losses from VDAs cannot be set off — not against other income, nor even against gains from another crypto asset. The Central Board of Direct Taxes (CBDT) has raised fresh concerns about the risks posed by virtual digital assets (VDAs) such as cryptocurrencies, aligning its stance with that of the Reserve Bank of India (RBI)….
Maharashtra has emerged as the top-performing state in NITI Aayog’s fourth Export Preparedness Index (EPI) 2024, followed by Tamil Nadu and Gujarat, according to the government think tank’s report released on Wednesday, PTI reported.The rankings place Maharashtra at the top, followed by Tamil Nadu, Gujarat, Uttar Pradesh, Andhra Pradesh, Karnataka and Punjab, reflecting states’ readiness…
India’s national highway network has grown sharply over the last decade, becoming the second-largest in the world. The total length now stands at 146,560 km, compared with 91,287 km in 2014, an expansion of over 61%. The increase has largely come from the push to build high-speed corridors and four-lane highways under the Bharatmala Pariyojana….
Gold prices surged to a fresh lifetime high on Wednesday, tracking firm global cues amid rising expectations of interest rate cuts by the US Federal Reserve and heightened geopolitical tensions.On the Multi Commodity Exchange (MCX), gold futures for the February contract jumped Rs 932, or 0.65 per cent, to hit a record high of Rs…
Wholesale prices increased in December, with inflation measured by the Wholesale Price Index (WPI) rising to 0.83%. This marks the second consecutive month of upward movement after two months of deflation, official data released on Wednesday showed. The return to positive inflation came after wholesale prices contracted in October and November, when WPI inflation stood…
World Liberty Financial will collaborate with Pakistan’s central bank to incorporate its USD1 stablecoin into a regulated digital payments framework. (AI image) Donald Trump’s family has just upped their stakes in Pakistan! World Liberty Financial, a cryptocurrency venture linked to US President Donald Trump’s family, has entered into an agreement with Pakistan. The development comes…
Indian equity benchmarks opened Wednesday’s session on an uncertain note, swinging between gains and losses as investors remained cautious amid continued foreign fund selling and ongoing global tariff concerns.At 12:00 BSE Sensex gained 161 points or 0.19% to 83,789. At the same time, Nifty50 rose 55 points or 0.22%. Several heavyweight stocks weighed on the…
The upcoming Union Budget offers a moment to consider how crypto taxation can better align incentives with outcomes. By Nischal ShettyCrypto taxation in India was introduced at a moment when digital assets were gaining rapid adoption, but regulatory clarity was still evolving globally. In the Union Budget of 2022, the government implemented a flat 30…
MUMBAI: RBI governor Sanjay Malhotra on Monday said that the strength of a nation should not be judged by its currency’s exchange rate alone. He said that India’s economic fundamentals were strongly boosted by high growth, low inflation, financial stability, healthy investment and consumption, and high foreign exchange reserves.The governor was responding to the question…
Budget 2026 for defence: FICCI has advocated for higher emphasis on ‘Atmanirbharta’ in defence, with modern techniques. (AI image) Budget 2026 for defence: Finance Minister Nirmala Sitharaman’s Union Budget 2026 should look to prioritise growth-enhancing productive capital expenditure, with a special focus on the defence sector at a time when the global environment is marked…
