New rules from January 1 will bring crypto-assets, CBDCs, and electronic money under financial account reporting. Service providers and financial institutions must report transactions and holdings. Banks and depositories will track accounts with greater detail. This aims for better tax…
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Maharashtra plans tax breaks for scrapping old vehicles and buying new ones. Buyers replacing older cars will get concessions on motor vehicle tax. The government will also double environmental tax on certain older private vehicles. These measures aim to reduce…
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India’s strong foreign exchange reserves and low deficits provide a buffer against rising oil prices, ensuring energy security. However, a prolonged West Asia crisis could impact the rupee and inflation. Despite this, the economy is well-positioned for growth, with GDP…
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Morgan Stanley has lowered India’s rating to ‘equal weight’. This move is due to geopolitical uncertainties and oil supply concerns. The firm remains positive on Japan, Brazil, and Singapore. While India’s economy is more stable against oil price hikes, AI…
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New RBI proposals aim to protect bank customers from fraudulent electronic transactions, potentially offering compensation up to ₹50,000 even in cases of customer negligence. The draft regulations propose reimbursement of 85% of the net loss or ₹25,000, whichever is lower,…
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Computer programmers, customer service representatives, data entry keyers, medical record specialists, market research analysts and marketing specialists, among some others, are some of the job roles that are most at risk of being taken over by artificial intelligence, according to…
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