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Taxing cryptos income doesn’t make them legal: FM Sitharaman

Taxing cryptos income doesn’t make them legal: FM Sitharaman

by AIP Online Bureau | Feb 11, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology, Wealth Management/ Philanthropy

Finance Minister Nirmala Sitharaman said, “I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input”. About the profit emanating from transactions in cryptocurrencies, she stated...

Passenger vehicle wholesales dip 8% in Jan as semiconductor shortages continue

by AIP Online Bureau | Feb 11, 2022 | Eco/Invest/Demography, Indian News, Non-Life

“Sales in January 2022 again declined compared to January 2021, due to both Omicron-related concerns and semiconductor shortage. There is clearly a demand issue for two-wheelers due to lower rural off-take of entry level models,” Society of Indian...

Charles Taylor announces new associate in India

by AIP Online Bureau | Feb 11, 2022 | Indian News, Intermediaries, Non-Life, Reinsurance

Stephen Hope, Charles Taylor Adjusting’s Director – International Onshore Energy & Mining explains: “The Indian insurance industry has seen significant growth in recent years, and it is an exciting time for Charles Taylor to become a part of this market. Our...

Investors’ wealth tumble over Rs 3.91 lakh cr as stocks slump

by AIP Online Bureau | Feb 11, 2022 | Indian News, Wealth Management/ Philanthropy

”Aggressive FII selling resulting from negative global cues wreaked havoc in the domestic market today. Globally markets traded in the red amid mounting concerns of surging US inflation which fuelled fears of a hawkish rate hike by the central bank,” said...

AM Best maintains negative outlook on Brazil reinsurance market

by AIP Online Bureau | Feb 11, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Overall, the segment’s growth is likely to face headwinds due to capacity limitations to underwrite risks, as the financial flexibility provided by the local capital markets dries up, and to global risk aversion, as international investors and players reconsider...
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