For RBI & other central banks, prospect of being at the mercy of a cabal of tech czars & venture capitalists could seem less predictable, more sinister.
Facebook's new cryptocurrency is targeting the developing world struggling with volatile currencies just as Bitcoin and its ilk promised but failed completely.
Given its access to people's transaction data, Facebook’s use of its own cryptocurrency should raise questions on the implications on privacy, potential data breaches, and credit scoring.
Here’s what’s happening across the border: Harvard Law School graduate questions legality of cryptocurrencies in Islamic finance; Pak women’s cricket team gives away 10 runs to India in T20 match.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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