The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. Read More
The Reserve Bank of India (RBI) on Thursday cautioned the people not to undertake forex transactions on unauthorised Electronic Trading Platforms (ETPs) saying it may lead to penal action and loss of money. ...
Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender. ...
Noting that digital currency to be issued by the Reserve Bank of India (RBI) will be official and legal tender, Union Commerce and Industry Minister Piyush Goyal on Tuesday said the government does not recognize private cryptocurrencies as legal tend ...
As the Union Budget 2022 was announced by Finance Minister Nirmala Sitharaman on Tuesday, it was proposed that the transfer of cryptocurrency or any virtual asset will now be taxed at 30 per cent. ...
India going to be the first country to implement a digital rupee and a high tax on digital currency to be beneficial for middle-class investors as it sees frequent fluctuations, says Amitabh Kant, CEO of Niti Ayog on Tuesday. ...
Union Finance Minister Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee which will be issued by the Reserve Bank of India starting 2022-23, along with the setting up of 75 digital banking units in 75 districts by scheduled co ...
