Headlines: Government hunts down crypto transaction history; Covid is stalking the economy

Tax authorities may require crypto exchanges to report virtual digital asset transactions as India will tax crypto gains and NFTs from April 1. More on those stories in our headlines.

The Center may seek to log into encrypted transactions

Tax authorities may require banks and cryptocurrency exchanges to report transactions of Virtual Digital Assets (VDAs) as the government begins taxing gains from non-fungible cryptocurrency and tokens from April 1. read more

I don’t mind making electric cars on Maruti: Chairman

Maruti Suzuki India (MSIL) RC Bhargava explained that Suzuki Motor Corporation (SMC) announced on Sunday an investment of 150 billion yen (or Rs 10,445 crore) by 2026 for the local manufacturing of BEV and BEV batteries in Gujarat. MSIL listed does not limit electric vehicles (EVs). Read more

Two years after the Covid virus, the Indian economy is battling the crisis

When the coronavirus pandemic hit Indian shores in early 2020, the Indian economy was already in a downward spiral, with the growth rate dropping to an 11-year low of 3.1 per cent in the March quarter of fiscal 2020. The rapidly rising Covid-19 cases forced The government imposed a nationwide lockdown which led to India’s first recession in FY21 (at -6.6 per cent) after a 40-year gap. Read more

The government sets the goal of lending infrastructure worth 1 trillion rupees to the Development Fund for Iraq

The center has set a target of nearly 1 trillion rupees of the government-backed National Bank for Financial Infrastructure and Development (NaBFID) to sanction infrastructure sector loans in the next fiscal year. Read more

Ukraine crisis: India abstains from voting on Russian Security Council resolution

India abstained from voting in the UN Security Council on a Russian draft resolution on the humanitarian crisis in Ukraine. Russia, the permanent member and veto of the Security Council, called for a vote in the 15-nation Security Council on the draft resolution that would demand full protection for civilians, including humanitarian workers and people in vulnerable situations, including women and children. Read more

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