Nirmala Sithraman News

09.02 / 05:13

markets Digital Strategy economy Election Experts PAM Taxonomy for climate finance should be ready in 6 months: DEA secretary

Economic Affairs Secretary Ajay Seth has said work with respect to developing a taxonomy for climate finance is going on and it should be ready in the next six months or so. «Work is happening, and in fact, the steel ministry has completed their work. They have issued their taxonomy for the steel sector,» he told PTI in an interview.

24.07 / 12:18

markets COST UPS security Fallout country Budget 2024: Realty, banks, defence among 9 sectors that appear short term losers. Here's why

asset management companies (AMCs), real estate, consumer, defence, OMCs and select stocks in the new age space according to estimates by top brokerages. Here's what they say on sectors, stocks:

23.07 / 09:00

markets COST security country Updates International Gold plunges Rs 2,400/10 gram after FM cuts customs duty on bullion

gold and silver to 6%, bullion prices fell sharply on Tuesday. While the August gold futures fell 3.4% or by Rs 2,468 per 10 gm to hit the day's low of Rs 70,250, silver September futures on the MCX tanked by Rs 3,200 per kg or 3.6% to hit the intraday bottom of Rs 86,000. The reaction was triggered by Finance Minister Nirmala Sithraman’s announcement about the cuts in her Budget speech. She presented her seventh Union Budget on Tuesday.

24.02 / 19:31

Binance Digital India: Fleeing cryptocurrency companies reveal a worrying tale of regulation

As the global cryptocurrency market is growing further each day, governments around the world are working harder to bring the industry under a regulatory regime. While some countries have managed to enact efficient regulations to cultivate the industry in a safe manner, others have created more uncertainty through opposing stances, and often skeptical stances.

01.02 / 15:59

cryptocurrency Provident Digital Budget 2022: Crypto gets a backdoor entry in India

On February 1, while announcing the Budget 2022, Finance Minister Nirmala Sithraman announced something that was totally unexpected. Sithraman said income from 'virtual assets' will be taxed at 30% and one percent TDS (tax deducted at source) will be deducted on these investments. The government defines virtual assets as any instrument, generated through cryptographic means providing a digital representation. In simple words, it includes all private crypto currencies.

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