TMS Ep142: Crypto Industry, Foreign Diplomats In India, Markets, CUET – Tech Tribune France

How is the Indian crypto industry and investors coping with the new tax regime? Why are foreign diplomats rushing to New Delhi? Is the worst over for the markets? What is CUET? All answers here

crypto trading | diplomacy | International relationships

TMS Team |
New Delhi

The start of a new fiscal year has been accompanied by a series of changes in the tax system. And one of them apparently dealt a major blow to crypto trading in India. Now, income from the transfer of any virtual digital asset will invite a 30% flat tax. Another rule states that crypto losses cannot be offset against gains made when transferring another digital asset. So how will these new standards impact the Indian crypto industry and investors? After India’s tough stance on cryptocurrencies, let’s move on to its diplomacy. Dignitaries from many countries are heading to India.

Russian Foreign Minister Sergei Lavrov, British Foreign Secretary Liz Truss, US Deputy National Security Adviser Daleep Singh, Mexican Foreign Minister Marcelo Ebrard and Dutch National Security Adviser Geoffrey Van Leeuwen were at New Delhi last week. What explains this sudden increase in diplomatic traffic? And what does India have to gain from it? India’s neutral stance on the Ukraine-Russia war has indeed ruffled some feathers in the west. Meanwhile, this war is also weighing on stock markets. Markets started FY23 on a positive note with the benchmark S&P BSE Sensex and Nifty 50 indices closing more than 1% higher last Friday. But the double whammy of rising inflation and the exit from easy money policy continues to put investors at risk this fiscal year. Watch our next report to find out if the markets can weather the turbulence or is there a devil in disguise? After the war and its effects on stock markets, let’s now turn to India’s ambitious “One Nation, One Test” program for admission to central universities. The application process for the Common University Entrance Test (CUET) 2022 started on Saturday.

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First published: Monday 04 April 2022. 08:00 IST

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TMS Ep142: Crypto Industry, Foreign Diplomats In India, Markets, CUET – Tech Tribune France

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