Digital Financial News

07.07 / 18:19

Digital Platform Action GST Council aims to close gold loophole

NEW DELHI : The GST Council is likely to finalize rules next week for transporting gold and precious stones worth ₹2 lakh or more by merchants so that states can monitor their movement and prevent leakages in tax collection, a person familiar with the development said. According to the proposed rules, states will be at liberty to mandate GST-registered entities to report the movement of gold and precious stones worth ₹2 lakh or any other threshold above this level, within the state, by way of generating e-way bills or electronic permits before starting transport.

07.07 / 18:19

Provident Reuters Digital RBI working on fintech regulations: deputy guv

MUMBAI : The Reserve Bank of India (RBI) is working on regulations that will be more “developmental" for fintech companies, according to Reserve Bank of India (RBI) deputy governor T. Rabi Sankar. “We are working on regulations (that) would be specific to fintech entities and the fintech ecosystem," he said at an event in Bengaluru.

07.07 / 18:19

BLOCK Digital Immunic HC questions govt’s plan for fact check

MUMBAI : The Bombay High Court on Friday asked the Centre if it was allowed under law to have a statute with “unbound" and ‘limitless’ discretionary authority. The court’s comments came while hearing a petition filed by stand-up comedian Kunal Kamra challenging the Centre’s recent notification on Fact Check Unit (FCU) to identify fake news under the government’s amendment to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. A division bench led by Justices G.S.

07.07 / 18:19

UPS Digital Amazon Platform OTT platforms partner Bollywood content creators

NEW DELHI : Buoyed by the increasing popularity of content creators who consistently produce edits of Bollywood songs and scenes, video streaming platforms are partnering them to promote new shows and movies, as they look beyond regular influencers. Services like ZEE5 and Disney+ Hotstar have tied up with these creators for shows like Sirf Ek Bandaa Kaafi Hai and Saas Bahu Aur Flamingo over the past few weeks. Known to create instant nostalgia through their snippets, especially among movie buffs and bring fresh perspective through accompanying memes, creators are finding particular draw on platforms like Instagram.

07.07 / 17:43

UPS IPO Provident Target Digital Platform Startups and their new normal: Funding crunch, disgruntled employees and allegations of fraud

PharmEasy is slated to be among the first large tech startups to have a 90% markdown in its valuations in its latest fundraising round. The pandemic, with its surge in tech usage, became the wind under the wings of the tech startups, but as the pandemic abated, the wind, too, died down, leading to a few crashes or near-crashes. While the valuations of PharmEasy will collapse from its peak of $5.6 billion two years ago to $500-600 million in its upcoming rights issue, other health tech startups such as Phablecare, Mojocare and Glamyo Health are also facing bleak futures — riddled by funding crunch, disgruntled employees or allegations of fraud and misrepresentation of financials.

07.07 / 17:21

Provident Lowe's Target Digital CEO Platform expansion International Bakkt Targets Hong Kong, UK, and EU for International Crypto Expansion

Regulatory uncertainty in the US is driving digital assets platform Bakkt to expand internationally to Hong Kong, the United Kingdom, and the European Union, CEO Gavin Michael noted.

07.07 / 17:09

COST UPS Provident Digital AXY Now get personal loan up to Rs 5 lakh on Flipkart: Here’s how

Flipkart-Axis Bank Personal Loan up to Rs 5 lakh: Flipkart customers will now be able to get personal loans from Axis Bank. The e-commerce marketplace has entered into a partnership with Axis Bank to facilitate personal loans for its customers.

07.07 / 17:07

COST UPS MET Digital Extreme Glitches in Japan's unpopular MyNumber digital ID cards draw a flood of complaints

The minister charged with an overhaul of this nation’s digitized system to assign a number to all Japanese has apologized, as doctors protested glitches with health insurance and local governments begged for clarity on how to go about handling the prob...

07.07 / 16:49

Digital Documentary row: Court issues fresh summons to BBC, Wikimedia, Internet Archive through Ministry of Law and Justice

BBC, Wikimedia Foundation and US-based digital library Internet Archive through the Union Ministry of Law and Justice after noting that they were foreign entities and thus subject to rules formulated under the Hague Convention. Additional District Judge (ADJ) Ruchika Singla was hearing a criminal complaint filed by BJP leader Vinay Kumar Singh seeking to restrain them from publishing or broadcasting a documentary on the 2002 Gujarat riots or any other material defamatory to the Rashtriya Swayamsevak Sangh (RSS) and the Vishva Hindu Parishad (VHP).

07.07 / 16:37

UPS Digital CEO Platform Injustice Karnataka budget: Gig workers to have Rs 4 lakh insurance cover

The state will pay the entire premium for the scheme under which workers will get a life insurance cover of Rs 2 lakh and accidental cover of Rs 2 lakh, chief minister Siddaramaiah said while presenting the state budget. While the budget allotment is a welcome move, the state government should build a social security framework in the lines of Rajasthan’s new gig workers Bill to help workers on aggregator platforms, Indian Federation of App Based Transport Workers general secretary Shaik Salauddin told ET. The Congress regime in Rajasthan recently proposed a Bill that would make aggregators register all their gig workers on a government platform.

07.07 / 16:37

UPS Digital Progressive NOT States authorised to regulate gambling, not online gaming: MoS IT Rajeev Chandrasekhar

Information Technology Rajeev Chandrasekhar reiterated on Friday. The Minister, who was speaking on the sidelines of the inauguration of the 6 MV Medical Linear Accelerator (LINAC) System, developed and deployed by Sameer (Society for Applied Microwave Electronics Engineering & Research) in Chennai, said States were authorised to regulate gambling but not online gaming.

07.07 / 16:37

Digital Cooper Progressive Interface Global Trade India is at forefront of global trade facilitation efforts: UNESCAP survey

India is at the forefront of global trade facilitation efforts, with an impressive score of 93.55 per cent in 2023 vis a vis 90.32 per cent in 2021, as per the recently released United Nations Economic and Social Commission for Asia Pacific's (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation. The 2023 survey covers more than 140 economies and evaluates 60 trade facilitation measures.

07.07 / 15:55

Digital CEO Gemini Deal Crypto firm Gemini sues DCG after conflict over unit's restructuring deal

Cryptocurrency firm Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued Digital Currency Group (DCG) and its CEO on Friday after a dispute over a restructuring deal for the venture capital firm's troubled unit. DCG and Gemini, the two most prominent players in the crypto industry, have clashed several times over the past few months following the collapse of Genesis, which had filed for bankruptcy in January.

07.07 / 15:55

COST UPS Digital Citizens PFRDA aims to add 13 lakh individual subscribers in FY24: Chairman

PFRDA chairman Deepak Mohanty on Friday said the body is hopeful of adding 13 lakh individual subscribers to the NPS in FY24, up from the 10 lakh done in FY2022-23. At present, there are 48 lakh individual subscribers in the 'corporate' and 'all citizen model'. The number stood at over 46 lakh at the end of FY23 in March 2023.

07.07 / 15:55

Digital Delhi HC seeks Additional Solicitor General Chetan Sharma's assistance in a PIL on online gaming

Delhi High Court on Friday sought Additional Solicitor General Chetan Sharma's assistance in a PIL challenging the government's power to frame online gaming rules in its recent Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2023. Noida-based Social Organisation for Creating Humanity said that the Constitution of India gives the state government exclusive powers to legislate on the issues of betting and gambling, and, therefore, the Rules are beyond the legislative competence of the central government.

07.07 / 13:55

COST Provident Digital Booking Platform Mobile React Native vs. Hybrid: Unveiling the Perfect Fit for Fintech App Development?

are the way to go! Whether booking movie tickets online, transferring money to your friends or relatives, paying at a restaurant, and whatnot, a trouble-free solution is here that is taking the audience by storm. No wonder the finance industry has transformed, and the credit goes to fintech apps that make day-to-day activities simpler, more secure, and faster.

07.07 / 13:17

Citi Waves Digital Extreme Parke Southern Brutal heat wave sweeps across U.S; Phoenix, Arizona could break high-temperature record set in 1970s

U.S. National Weather Service (NWS) predicts the occurrence of powerful thunderstorms in the western High Plains, bringing risks of damaging winds, large hail, and potential tornadoes. These storms are anticipated to extend into the Central and South Plains, accompanied by the possibility of excessive rainfall. Meanwhile, the Pacific Northwest faces increasing heat, with temperatures expected to reach or surpass triple digits inland. People enjoy r

07.07 / 13:11

Blockchain UPS Provident Digital ETF Platform Bitcoin bitcoin etfs How Bitcoin ETFs Could Reshape the Entire Crypto Ecosystem

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

07.07 / 13:11

Blockchain Provident Digital Maxim Platform Action Pool Option play FairSpin Emerges as Top iGaming Option with Play-to-Earn and Staking

The online gambling industry is an inescapable part of the future, with more and more people turning to online platforms to gamble.

07.07 / 12:17

Provident Target Digital Manufacturing Platform Mobile Features Reliance Jio Reliance Jio Bharat, India's Cheapest 4G Phone goes on sale at ₹999! Check features, price and more

Reliance Jio has introduced a budget-friendly 4G phone called 'Jio Bharat' at an affordable price of ₹999. The phone's sales commenced on July 7th, and Reliance Jio aims to eliminate 2G technology from India through the widespread adoption of this device. The Jio Bharat Phone is specifically targeted towards individuals who are unable to afford expensive smartphones but still rely on basic features.

07.07 / 11:31

UPS Digital Waters Aware Platform Align Mind Things candidates should keep in mind while virtual recruitment

Virtual recruitment has emerged as the new standard for hiring procedures as the world transitions to the digital era. Online platforms' convenience is enabling both businesses and candidates to adjust to this development. However, candidates must be aware of a few things that might make or break their prospects if they want to stand out in a virtual recruitment environment.

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