Raj Kundra pornography case: ED likely to register case against Shilpa Shetty s husband under FEMA indiatvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatvnews.com Daily Mail and Mail on Sunday newspapers.
RBI is working on making virtual currency a reality
SECTIONS
Share
Synopsis
A CBDC is a form of virtual currency or cryptocurrency that is issued by a central bank as an alternative to its currency. These are largely stable coins backed by sovereign reserves and, unlike private crypto assets like Bitcoin or Ethereum, the value of these digital coins is not subject to volatile market fluctuations.
The Reserve Bank of India is working toward a “phased implementation strategy” of a Central Bank Digital Currency (CBDC), RBI deputy governor T Rabi Sankar said on Thursday. A pilot to test a general purpose digital currency is a possibility in the near future, he said.
Church of the Brethren Newsline
July 22, 2021
Brethren Disaster Ministries staff have directed grants from the Church of the Brethren’s Emergency Disaster Fund (EDF) to Honduras, where relief work continues following last year’s Hurricanes Eta and Iota; to the Democratic Republic of Congo (DRC), where the Brethren in Goma continue aid to those affected by the eruption of Mount Nyiragongo; to India, in support of the COVID-19 response of IMA World Health; and to Northern Plains District, which is helping organize rebuilding following the derecho that left a trail of destruction in Iowa last August.
Honduras
An additional allocation of $40,000 supports the Church World Service (CWS) rehabilitation program in Honduras for families affected by Hurricanes Eta and Iota. CWS has longterm partners in Nicaragua, Honduras, and Guatemala that provided emergency relief programs and were supported by an initial EDF grant of $10,000. CWS has updated its response plan to include the rehabil
Jumbo life covers bought by rich Indians under ED radar
SECTIONS
Share
Synopsis
Unbeknownst to most outside the secretive world of wealth management, such covers, sold at substantially lower premium than the rates charged by domestic insurers, are often structured as investment products with a single-premium ‘life insurance wrapper’.
‘Jumbo life covers’, running into hundreds of crores, bought by rich Indians from offshore insurers have drawn the attention of authorities.
Around 25 ultra-high net worth individuals across the country have received notices from Enforcement Directorate (ED) for violating foreign exchange regulations which prohibit residents from purchasing life insurance policies from overseas companies without prior permission from regulators, according to three persons aware of the transactions.
RBI Working On Phased Implementation Of Digital Currency inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.