News & Politics

Political news across the world.

Labour plans to give asylum seekers £1600 a MONTH

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Labour party plans to give asylum-seekers £1,600 a MONTH and if that’s not enough also the UK taxpayers’ cash to fight deportation. Three Welsh Labour ministers have sent the ambitious scheme to Whitehall. The more I find this news, the more I am convinced that the UK is a country moving towards economic and social … Read more

Indians to pay 20 percent TCS on Foreign Travel 1st July 2023

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From July 1, 2023, the Indian government will increase the tax collection at source (TCS) rate for foreign travel for Indians to 20% (except for education and medical purposes) when buying via tour operators. This means that Indians have to pay 20 per cent more when buying foreign tour packages from tour operators and even … Read more

Indian RBI To Launch Digital Rupee today

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1st November 2022, India’s Central Bank, The Reserve Bank of India (RBI) is launching the first pilot of the Digital Rupee for the wholesale segment. The digital rupee used for this pilot is for the settlement of secondary market transactions in government securities. The objective is to make the interbank market more efficient as a … Read more

Hungary & Thailand Fintech Association to join hands on blockchain

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An (MOU) has been signed by Thailand’s & Hungary’s fintech associations to facilitate the use of blockchain technology in their respective financial sector which would allow the organizations to “share experiences, best practices, and explore areas potentially beneficial for direct cooperation.” According to the Bangkok Post article on October 29, 2022, international cooperation is required … Read more

Indian crypto exchanges under investigation for $3.5billion drug trade

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Around 200 transactions were conducted in the Cayman Islands, Nigeria & the British Virgin Islands, were routed through crypto exchanges located in India. India’s (ED)Enforcement Directorate & the Income Tax Department along with other Indian agencies are probing three digital asset management companies after the Financial Intelligence Unit (FIU) raised an alarm over their role … Read more