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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
Editor’s Note: This publication is committed to fair and accurate reporting. Any party mentioned in our reports is invited to submit a factually substantiated, evidence-backed response, which will be published in full and unedited alongside the original article. This invitation remains permanently open and responses may be submitted via the response section below. If … Read more
Services Export Promotion Council, set up by the Ministry of Commerce and Industry has been mandated to facilitate global business opportunities for India’s services sector. The London edition of World Travel Market is showcasing how the travel industry has evolved and reshaped itself over the last two years to meet the demands of the new … Read more
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
Indian Crypto exchange WazirX, trading volumes crashed and as a result, it laid off 40 percent of its staff. According to the data provided by CREBACO, a crypto research firm, the trading volume for WazirX fell more than 90 percent from August to September 2022. Another data provider platform CoinGecko recorded that WazirX’s daily trading … Read more
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
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
As per the NASSCOM report, India is now home to more than 450 Web3 startups, which have raised around $1.3 billion in funding. Although Crypto is not fully acknowledged by the Indian government and there are policy uncertainties but the sector is booming in terms of jobs, still, India now accounts for 11 percent of … Read more
Codex World’s Top Innovators Conference highlights 26th Sept 2022 on Artificial Intelligence & Future of Mobility #technologynews #technologysumit #technologyconference Codex Innovators conference ” World’s Top 50 Innovators 2022″ began today 26th Sept at Central London. A distinguished lineup of CEOs, Scientists, Engineers, and Entrepreneurs presented & share their ideas with the audience. The format was … Read more