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Plans to elevate the rupee to a global free-floating currency are gaining momentum once more. The RBI's 'Report on Currency and Finance 2020-21' initiated this push, envisioning the rupee's ascent as an international currency. The timing of the move looks quite apt from a macroeconomic perspective.
Budget digitisation initiatives could lead to $10.7 billion spend on technology services : Rashtra News #Budget #digitisation #initiatives #lead #billion #spend #technology #services The budget’s proposals on digitization and technology revamp could result in a multi-billion-dollar opportunity for India’s big IT services providers such as Tata Consultancy Services (TCS), Infosys, Wipro and Tech Mahindra, according
India Creating Digital Rupee, 30% Tax on Virtual Assets : Rashtra News #India #Creating #Digital #Rupee #Tax #Virtual #Assets India will soon develop its own digital currency, a digital rupee that will finally legalize virtual currencies. In her 4th Union Budget Speech, India’s Finance Minister Nirmala Sitharaman said India’s virtual currency will be based on
Crunchfish Digital Cash (“Crunchfish”) has received a positive International Search Report in the international patenting process for its strategically important Trusted Application Protocol (TAP) patent application. Crunchfish’s communication security protocol for mobile applications is based on TAP as it provides end-to-end integrity if internet access is available and enables communication over alternative networks if internet is not available.
Traditionally, Indian exchanges followed a T+2 settlement cycle, which was shortened to T+1 in January 2023. It started in a phased manner from January 2022.