India’s Ministry of Statistics has announced that the Consumer Price Index (CPI) rose 6.07% year-on-year in February. The CPI was above expectations of 5.93% and above the Reserve Bank of India’s target of 4% for the second month in a row. Russia hopes to persuade India to invest more in oil and gas Russia urges […]
According to India’s Ministry of Statistics, gross domestic product (GDP) increased by 5.4% in the third quarter of 2021. GDP figures were lower than expected due to rising oil and commodity prices. Previously, the Indian economy grew by 20.3% in April-June 2021, the first quarter of India’s fiscal year. This is a record-breaking growth since
India’s Economy Grew by 5.4% in the Third Quarter of 2021 Read More »
At today’s meeting, the Reserve Bank of India (RBI) kept its repo rate at 4% and the reverse repo rate, the central bank’s benchmark rate for borrowing from commercial banks, at 3.35%, a record low. Analysts had previously expected the RBI to raise interest rates in line with the trend of short-term rates in the
Bank of India Leaves Interest Rates Unchanged Read More »
Coal remains a hot commodity in 2022 even after a very good year in 2021. The coal price has already risen over 32% YTD and is currently trading at $183.00 per ton. The benchmark Newcastle Coal is also continuing to advance. Prices have already risen by over 44%. At the beginning of the year, one
U.S. and EU Coal-Fired Power Generation Increased by Nearly 20% in 2021 Read More »
The global digital asset heatwave is causing many governments to watch and look for ways to control the digital asset markets, especially the cryptocurrency market. The latest country to enact a tax rule is India, where the crypto market has grown by 641% in a year. The country is now set to introduce a 30%
India Plans to Impose a 30% Crypto Tax Read More »
In India, the world’s second-largest gold-buying country, gold demand has declined as people forgo large weddings due to the spread of COVID-19. Traditionally, Indian gold demand comes mainly from wedding ceremonies. However, the spread of COVID-19 has affected the convenient times when Indian weddings are popular in the second half of January through May each
COVID-19 Dampens Gold Demand in India Read More »
Officials from the Directorate General of GST Intelligence in India were able to detect goods and services tax evasion worth 70 million rupees, according to official reports. Coinswitch Kuber, CoinDCX, BuyUCoin, and Unocoin were investigated. Based on official sources, they allegedly offered the service of buying and selling cryptocurrencies, evading the official tax rate. This
Indian Crypto Service Providers Raided Read More »
The International Monetary Fund (IMF) in the form of Gita Gopinath recommends that the Indian government should move away from the Crypto Ban and rather try to create regulations for the safe use of cryptocurrencies. She said, “Regulation is absolutely important for this sector. If people are using this as an investment asset, then the
IMF Recommends India to Crypto Regulation Read More »
It was not long ago that China declared war on cryptocurrencies and summarily banned them again. China, where once a large number of Bitcoin farms were, have all emigrated. Now the Indian government wants to ban trading in cryptocurrencies. This is supposed to be connected with heavy penalties like prison sentences. In this way, the
India on China’s Crypto Tracks Read More »