Wednesday, February 8, 2023
Weekly Feeds
  • Home
  • Health & Fitness
  • Technology
  • Business and Finance
  • Beauty & Fashion
  • Crypto and Stocks
  • Travel & Tourism
No Result
View All Result
Weekly Feeds
  • Home
  • Health & Fitness
  • Technology
  • Business and Finance
  • Beauty & Fashion
  • Crypto and Stocks
  • Travel & Tourism
No Result
View All Result
Weekly Feeds
No Result
View All Result
Home Crypto and Stocks

No plans to introduce cryptocurrency, says govt

admin by admin
March 16, 2022
in Crypto and Stocks
0
No plans to introduce cryptocurrency, says govt
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter


There is no plan to introduce cryptocurrency by the government, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday. Currently, cryptocurrencies are unregulated in India, he said in a written reply.

“RBI does not issue a cryptocurrency. Traditional paper currency is a legal tender and is issued by RBI in terms of provisions of RBI Act, 1994. A digital version of traditional paper currency is called Central Bank Digital Currency (CBDC),” he said.

RBI is currently working towards a phased implementation strategy for the introduction of CBDC and examining use cases that could be implemented with little or no disruption, he said in another reply.

The introduction of CBDC has the potential to provide significant benefits such as reduced dependency on cash, higher seigniorage due to lower transaction costs, etc, he added.

Printing of notes have declined over a period of time, he said, adding, during 2019-20 notes worth Rs 4,378 crore were printed which came down to Rs 4,012 crore in 2020-21.

Replying to another question, he said, financial health of the country includes many facets.

“Stable stock market along with well-functioning and sophisticated market infrastructure is one indicator to assess a country’s financial health. The stock markets are indicative of economic growth in the medium to long term as the stock prices reflect the market’s expectation on future corporate earnings/profitability and hence the underlying confidence in economy,” he said.

However, he said, in the short run, the stock markets are mostly driven by the economic and geopolitical events.

Exchanges levy exchange transaction fees upon the broker which may be passed down to clients, he said, adding, the transaction fee is mentioned in the contract note issued to client by the broker.

The taxes levied on sale and purchase of stocks including the taxes levied by exchanges are mentioned in the contract note issued to clients at the end of each day of trading by the broker, he said.

Also Read: Govt recieves Rs 4,353cr as dividend tranches from 7 CPSEs

Also Read:  No public sector bank faced loss in April-Dec quarter of FY22: Govt



Source link

You might also like

The Crypto Crowd Is Piling Into AI Stocks, a Possible Sign of a Bubble – Barron's

Argo Blockchain Shares Drop After It Denies Allegations Made in New York Lawsuit – MarketWatch

DCG sells shares in Grayscale crypto trusts in push to raise funds … – Reuters

Tags: Cryptocryptocurrencygovernment cryptoindian cryptorajya sabhaRBIrbi crypto
Previous Post

Singapore Tourism gears up for integrated tourism development at Jurong Lake District – Travel Daily

Next Post

Samsung Galaxy A33 fully leaked ahead of March 17 launch | Technology News

admin

admin

Related Posts

45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Crypto and Stocks

The Crypto Crowd Is Piling Into AI Stocks, a Possible Sign of a Bubble – Barron's

by admin
February 8, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Crypto and Stocks

Argo Blockchain Shares Drop After It Denies Allegations Made in New York Lawsuit – MarketWatch

by admin
February 8, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Crypto and Stocks

DCG sells shares in Grayscale crypto trusts in push to raise funds … – Reuters

by admin
February 8, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Crypto and Stocks

What Is A Central Bank Digital Currency? – Forbes Advisor UK – Forbes

by admin
February 7, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Crypto and Stocks

CRYPTO CO : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matt – Marketscreener.com

by admin
February 8, 2023
Next Post
Samsung Galaxy A33 fully leaked ahead of March 17 launch | Technology News

Samsung Galaxy A33 fully leaked ahead of March 17 launch | Technology News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

GameStop Stock Is To NFT & Crypto As Zynga Was To Social & Mobile (NYSE:GME)

GameStop Stock Is To NFT & Crypto As Zynga Was To Social & Mobile (NYSE:GME)

February 19, 2022
Canada govt to stop funding Trans Mountain oil line project as costs soar 70%

Canada govt to stop funding Trans Mountain oil line project as costs soar 70%

February 18, 2022

Categories

  • Beauty & Fashion
  • Business and Finance
  • Crypto and Stocks
  • Health & Fitness
  • Technology
  • Travel & Tourism

Don't miss it

45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Health & Fitness

movr announces release of movr Build, its technology to create … – Canada NewsWire

February 8, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Business and Finance

UK banks to take action on trade finance fraud in new ICC-led project – Global Trade Review (GTR)

February 8, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Beauty & Fashion

Beauty road test: do Australian makeup brands wear better in challenging climates? – The Guardian

February 8, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Technology

Prophix Recognized as a Leader in the 2023 Nucleus Research … – PR Newswire

February 8, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Crypto and Stocks

The Crypto Crowd Is Piling Into AI Stocks, a Possible Sign of a Bubble – Barron's

February 8, 2023
45th Gasparilla Distance Classic will bring thousands of runners to downtown Tampa – thatssotampa.com
Travel & Tourism

VisaGuide – China: Tourism-Related Job Openings Soar After … – VisaGuide.World

February 8, 2023
  • movr announces release of movr Build, its technology to create … – Canada NewsWire
  • UK banks to take action on trade finance fraud in new ICC-led project – Global Trade Review (GTR)
  • Beauty road test: do Australian makeup brands wear better in challenging climates? – The Guardian
  • Prophix Recognized as a Leader in the 2023 Nucleus Research … – PR Newswire
  • The Crypto Crowd Is Piling Into AI Stocks, a Possible Sign of a Bubble – Barron's

Categories

  • Beauty & Fashion (2,314)
  • Business and Finance (2,318)
  • Crypto and Stocks (2,316)
  • Health & Fitness (2,312)
  • Technology (2,315)
  • Travel & Tourism (2,255)

AMERS apmediaapi ASIA ASXPAC BACT BISV BISV08 BNKS BNKS1 BSVC business CEEU CEN CMPNY coronavirus covid-19 pandemic dcc diseases and conditions EMRG EUROP FIN FINS FINS08 GEN general news government and politics health infectious diseases INVBIS INVS08 lung disease MCE NAMER NEWS1 POL PUBL public health social affairs social issues Technology TOPNWS travel US WEU wire

© 2022 Weekly Feeds - All right reserved.

No Result
View All Result
  • Home
  • Health & Fitness
  • Technology
  • Business and Finance
  • Beauty & Fashion
  • Crypto and Stocks
  • Travel & Tourism

© 2022 Weekly Feeds - All right reserved.