Your Infopedia

ABOUT RBI(RESERVE BANK OF INDIA)

                         ABOUT RESERVE BANK OF INDIA(RBI) The Reserve Bank of India (RBI) is the central bank of India, which was established on April 1, 1935, under the Reserve Bank of India Act, 1934 The Central Office of the Reserve Bank was initially established in Calcutta but […]

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All About Punjab National Bank & Nirav Modi Scam

    The latest PNB and Nirav Modi fraud case shocked the whole nation and mocked Indian Government led by Prime Minister Narendra Modi. Who always vouched for corruption free nation. Punjab National Bank (PNB) unearthed Rs 11,300 crore scam on Wednesday, one of the biggest banking scams in the country. Punjab National Bank also lodged a […]

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Cryptocurrency Trading in India On a Positive Roadmap

Suraj

February 13, 2018

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  Many times Reserve Bank Of India ( RBI ), apex bank of the country warned it’s citizen to refrain from trading in cryptocurrency. It said that it is a Ponzi scheme and you will lose all of your money. Breakdown Not only RBI, but also Finance Minister of India Mr. Arun Jaitely also quoted […]

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US Tax Payment in Bitcoin, Ripple or Ethereum

Suraj

February 11, 2018

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          A bill was passed by Arizona Senate early this week which could allow using Bitcoin and other cryptocurrencies like Ripple, Ethereum, etc to pay their taxes by residents in the state. Breakdown The bill was passed by the margin of 16-13 which will enable all the taxpayers to use Bitcoin and other […]

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India’s Forex Reserve touches a new High !!!

Suraj

February 10, 2018

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Reserve Bank of India on Friday said that India’s Forex Reserve touched a new high of 421.914 Billion USD. exchange reserves swelled by USD 4.12 billion. There is a healthy increase in the core currency assets and uptick in the gold stock. If we see the trend, in previous reporting week it was increased by 3 billion USD […]

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Merger Of Public Sector Insurer on Fast Track..!!!

      On 1 February 2018 in budgetary speech, Finance Minister Arun Jaitley announced that the three state-owned insurance companies, National Insurance, Oriental Insurance and United India Insurance will be merged and subsequently will be listed on the exchanges.   Sources close to the development said that Finance minister met all the  CMD’s of above-mentioned companies […]

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Coincheck Hacked…! Biggest hacking in Cryptoworld

  Last week Coincheck halted its sales and withdrawals of a cryptocurrency called NEM after hackers stole a reported 58 billion yen ($660 million). On January 26, $660 million worth of XEM were stolen from a low-security hot wallet that lacked multi-signature security measures. Coincheck executive during the press conference confirmed that all the funds […]

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FRDI BILL ANOTHER MOVE ON FINANCIAL REFORM

FINANCIAL RESOLUTION AND DEPOSIT INSURANCE (FRDI) BILL-2017 A bill tabled in Parliament recently — the Financial Resolution and Deposit Insurance (FRDI) Bill 2017.This bill is in news because of its “BAIL- IN” feature which gains too much controversy.While other aspects of the bill are equally important. The bill comes with IBC (Insolvency and Bankruptcy Code) to set […]

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Privatisation of IDBI Bank

    Finance Minister of India, Mr. Arun Jaitely today on 24th Jan 2018 said that the government’s decision on privatisation of IDBI Bank stands and same will be implemented at right time. Breakdown One of the objectives in supporting the non-PCA banks has been that these are the banks where robust lending has to […]

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RUSSIA BEST PLACE FOR CRYPTOCURRENCY MINERS

There’s an East Wind is Coming: Is this the rise of a new crypto Imperium? PREVIEW Arthur Conan Doyle used these iconic words to describe the German activities on the eve of I World War. This time, however, the wind is blowing from further east. The new Imperium is rising for the crypto miners. The […]

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