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Govt open to evaluate, explore cryptocurrencies, says Thakur

A High-Level Inter-Ministerial Committee (IMC) was constituted under the Chairmanship of Economic Affairs Secretary on digital currencies and it has submitted its report.

The government would take a decision on the recommendations of the IMC and the legislative proposal, if any, would be introduced in Parliament following the due process, he said while inviting suggestions and views on this issue.

ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report

HDFC owns 50 per cent in HDFC Life and bringing it down to 20 per cent would mean offloading equity worth Rs 44,100 crore at today”s market value, while in case of ICICI Prudential Life which is 51 per cent owned by the bank, it will be Rs 22,100 crore worth of shares flowing into the market, and Rs 21,700 crore worth of shares from ICICI Lombard in which the bank owns 52 per cent. SBI which owns 55 per cent in SBI Life will have to sell shares worth Rs 32,200 crore.

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