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Govt mulling changes in I-T laws to bring cryptos under tax net

Govt mulling changes in I-T laws to bring cryptos under tax net

by AIP Online Bureau | Nov 20, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

New Delhi: The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the budget next year, a top official said. Revenue secretary Tarun Bajaj said in terms of income tax, some people...
Insurers run from ransomware cover as losses mounT

Insurers run from ransomware cover as losses mounT

by AIP Online Bureau | Nov 20, 2021 | International News, Non-Life, Reinsurance, Technology, Workplace/Employee Benefits

“Insurers are changing their appetites, limits, coverage and pricing,” Caspar Stops, head of cyber at insurance firm Optio, said. “Limits have halved – where people were offering 10 million pounds ($13.50 million), nearly everyone has reduced to...

China fines tech giants Alibaba, Baidu for failing to report 43 old deals

by AIP Online Bureau | Nov 20, 2021 | International News, Regulation, Risk Management, Technology

In December last year, it fined Alibaba, Tencent-backed China Literature and Shenzhen Hive Box 500,000 yuan each for not reporting past deals properly for antitrust reviews, the first time it had ever done so. BEIJING: China’s market regulator on Saturday said...

COVID-19 lockdown fears trigger European bond rally

by AIP Online Bureau | Nov 19, 2021 | Eco/Invest/Demography, Workplace/Employee Benefits

Germany’s coronavirus situation is so grave that a lockdown, including for people who have been vaccinated, cannot be ruled out, Health Minister Jens Spahn said on Friday. Europe has become the epicentre of the pandemic again in recent weeks. Markets, which had...

PM Modi to inaugurate IFSCA’s InFinity Forum on December 3

by AIP Online Bureau | Nov 19, 2021 | Banking & Bancassurance, Indian News, Regulation, Technology

IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs) in India. New Delhi; Prime Minister Narendra Modi will inaugurate the...
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