Ukraine Financial News

crypto regulations Mumbai, Reserve Bank Governor Shaktikanta Das on Thursday said the central bank will not emulate others on crypto currency regulations and asserted that «what is good for another market need not be good for us». His remarks come against the backdrop of the US Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the US. «What is good for another market need not be good for us. Therefore our views — both that of the Reserve Bank and personally that of mine — remain the same,» Das said on crypto currency regulations. He was speaking at a BFSI summit organised by the publication Mint.

saysSujit Bangar, Founder, Taxbuddy.com. In an interview with  MintGenie, Bangar said that the interim Budget may not suggest any changes in tax rates, but major changes in personal taxation may take place. This would be a vote on account.

Cost of Living LIVE Updates January 12: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

BlackRock has once again reduced its valuation of Indian ed-tech unicorn Byju’s, this time by around 95 percent from $22 billion to $1 billion, as per a Tech Crunch report citing company disclosures. At $22 billion, Byju's was India's most valuable start-up. The downgrade is not too surprising.

India in defending freedom of navigation in the Red Sea as the two countries discussed «shared concerns» over the reckless Houthi attacks in the region. External Affairs Minister S Jaishankar and US Secretary of State Antony Blinken spoke Thursday and «discussed the United States and India's shared concerns over the reckless Houthi attacks in the southern Red Sea and Gulf of Aden, which threaten the free flow of commerce, endanger innocent mariners, and violate international law». State Department Spokesperson Matthew Miller said in a statement that Blinken emphasised the Red Sea is a major commercial corridor that facilitates international trade and «welcomed increased cooperation with India in defending freedom of navigation in the region».

An industry association reports that China’s auto exports surged 63.7% in 2023 while sales at home rose 4.2%

The Economist called it “philanthrocapitalism". Two decades on, however, it has become clear that all this paperwork puts the brakes on giving. The 400 richest Americans have given away just 6% of their combined fortunes, according to Forbes.

MUMBAI : Reserve Bank of India governor Shaktikanta Das said the central bank is waiting for the right time to increase the overseas investment limit for domestic mutual funds, which is currently capped at $7 billion for the entire industry. The RBI governor said although the rupee has stabilized after it was under pressure at the start of the Russia-Ukraine war, RBI is still waiting for the right time to revise the overseas investment limit for mutual funds.

Ukraine has shown the world that Russia's military can be stopped, President Volodymyr Zelenskyy said Wednesday as he began a visit to the Baltic nations in search of more help for his country against the Kremlin's larger and better-supplied forces in the 22-month-old invasion. Speaking in the Lithuanian capital of Vilnius, Zelenskyy said Ukraine still must bolster its air defenses against Russia's intensified missile and drone onslaughts and replenish its ammunition supplies as long-range strikes become the main feature of this winter's fighting. «We have proven that Russia can be stopped, that deterrence is possible,» he said after talks with Lithuanian President Gitanas Nauseda on his first foreign trip of the year. The massive Russian barrages — more than 500 drones and missiles were fired between Dec. 29 and Jan.

eastward enlargement, once dormant policy areas, are now priorities—giving a new voice to Ukraine’s neighbours in central Europe. The rise of China, and the prospect of resurgent Trumpism in America, has caused the EU to rethink its economic arrangements—often along statist French lines. Climate imperatives have reinforced the value of taking action at collective level—an approach favoured by the EU’s quasi-federal institutions in Brussels.

diesel exports to Europe rose 42% year-on-year in December on a combination of winter demand and the near absence of Russian supplies in the continent. India exported 248,000 barrels per day (bpd) of diesel to Europe in December, up from 175,000 bpd in December 2022 and 247,000 bpd in November, according to energy cargo tracker Vortexa. India's overall exports rose 17% year-on-year in December to 637,000 bpd. Europe's share in India's diesel exports was 39% in December, up from 32% in December '22 and 37% in November. India didn't export any diesel to the US in December.

Through more than eight years since Justin Trudeau named his first Liberal cabinet on Nov. 4, 2015, Canada’s economic and social trajectory has been steadily downward, a trend that was entirely predictable.  I can say this … because I predicted it.

₹440 crore in interest from the arbitral award, while SpiceJet claims it has already paid ₹100 crore following a court directive in August and owes an additional ₹194 crore. SpiceJet also anticipates a reimbursement of ₹400 crore from Maran if its arbitration challenge is successful. During previous proceedings, SpiceJet highlighted its financial challenges, citing operational losses, a negative net worth, and employee-related obligations that could lead to insolvency.

Prime Minister Narendra Modi on Wednesday inaugurated the 10th Edition of Vibrant Gujarat in state capital Gandhinagar. Several heads of states and top industry captains attended the inauguration ceremony.  Amid high-pitched investments, we spoke with Finland’s Ambassador to India Kimmo Lähdevirta. Since January 1 this year, those who are interested in travelling to Finland and requiring a Schengen visa, will now need to provide details of more funds to qualify. 

In a world increasingly fraught with risks, leading near-term concerns are shifting to the dangers of technology and related problems like the spread of disinformation, and away from economic worries, according to an annual survey of policymakers, industry leaders and experts on risk conducted by the World Economic Forum. The survey of more than 1,400 experts and leaders, released on Wednesday ahead of the WEF annual meeting in Davos next week, points to a moderately risky global environment through 2026 that deteriorates significantly over the coming decade.

The planners of Ukraine’s counteroffensive against the country’s Russian invaders last year envisioned that elite forces, like the unit led by Capt. Anatoliy Kharchenko, would sweep in to deliver the final blows of a D-Day-like triumph. But by the time paratroopers in Kharchenko’s company entered the battle on a moonless night last August, the counteroffensive was already skidding toward failure—and his men were about to learn all of the deadly reasons why.

Ukraine war have fallen to an 11-month low as the price tag on the discounted oil rises, figures show. Since the invasion of Ukraine nearly two years ago, India has bought hundreds of millions of barrels of cut-price Russian crude, saving itself billions of dollars while bolstering Moscow's war coffers. The purchases have catapulted it to second place among Russia's customers behind China, and Indian officials have made no secret of their decision to prioritise national interest over international sanctions against Moscow. But the price of Russian crude has risen in the face of OPEC+ production cuts and increased demand from China, analysts say, making it less attractive to Indian customers. Indian refiners bought 1.45 million barrels per day of Russian oil last month, their lowest amount since last January and down nearly 16 percent from November, according to global energy trade intelligence platform Kpler. The «interplay between India and China» was a key driver of the change, Viktor Katona, lead crude analyst at Kpler told AFP, «as both countries now vie for the same barrels». The biggest beneficiary of the change is Moscow: Russian crude has been trading above $85 per barrel, reports say, even though a coalition of the G7, EU and Australia imposed a $60 price cap a year ago. New Delhi's reduced imports will be welcomed by some European policymakers who have raised concerns over how Indian refiners have processed Russian crude into fuel for the European market, effectively bypassing the EU's sanctions. New Delhi and Moscow have ties dating back to the Cold War, and Russia remains by far the biggest arms supplier to the world's most populous country. India has shied away from explicit condemnations of Russia

The National Bank of Ukraine (NBU) has stated that crypto “is not money,” and has reaffirmed its intention to regulate the sector – using EU law as a benchmark.

Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024

TikTok has restricted one tool researchers use to analyze popular videos

The year just beginning could be a watershed, with turning points in politics, economics and culture, provided common sense and moral clarity prevail both here and abroad.