Cryptocurrency has been in the news for quite a while now and more and more people are dabbling in this digital currency. However, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, listed in the Winter Session of Parliament, seeks to prohibit all private cryptocurrencies in India. But it allows for certain exceptions.
In order to clean up banks saddled with NPAs, the centre created the National Asset Reconstruction Company which will procure strained assets worth Rs 2 lakh crore, while the India Debt Resolution Company will dispose them of.
The excruciating burden of high fuel prices on the common man continues unabated. The price of petrol and diesel has reached a record high in many cities of India. And the government has simply put the onus on the UPA dispensation.
The Rajya Sabha yesterday passed the Banking Regulation (Amendment) Bill, 2020, to bring co-operative banks under the supervision of the Reserve Bank of India (RBI).
The Akhil Bhartiya Adhivakta Parishad an organisation of Nationalist Lawyers, has made a representation before the Finance Minister Nirmala Sitharaman seeking directions to banks to provide loan at concessional rate to mitigate the financial hardship faced by the legal fraternity due to COVID 19 Pandemic.