Crypto Tax in India: The craze of investing in cryptocurrency is increasing continuously these days. The reason for this is that it is giving huge profits to the investors. If you invest in crypto or are thinking of investing, then you should know how much tax you will have to pay on the profit earned from it.
Cryptocurrency has been classified as a virtual digital asset under section 2(47A) of the Income Tax Act. But till now the central government in India has not recognized it as a legal tender.
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This is the reason why the Income Tax Department (ITD) has not yet issued any specific guidelines for tax on crypto coins.
Taxation rules for virtual digital assets in India
However, let us tell you that the taxation of virtual digital assets (VDA) is governed by the major provisions of the Income Tax Act – Section 115BBH and Section 194S. Under this provision, a flat tax of 30% is levied on the profit from selling virtual digital assets (VDA) and a TDS of 1% is levied on the transaction.
30% tax will have to be paid on profits from crypto
That is, if you invest in crypto currency, then you will have to pay tax at the rate of 30% on the profit earned from it. The Indian government is taking strict steps to regulate this sector. By imposing a 30% flat tax on profits from crypto, it is clear that the government is taking a tough stand on everything that is seen as speculative and volatile investment avenues.
Most of the organizations offering crypto-related products operate without regulatory approval, making them especially risky for retail investors. Therefore, experts believe that investors should exercise special caution while investing in them. Investors should invest only that much of their income in them which will not affect their financial condition if it gets lost.
This shows that the government’s imposition of a 30% flat tax on profits from cryptocurrency in India is not just a financial imposition but a policy tool through which they aim to curb speculative investments in volatile markets.
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Should the Federal Reserve cut rates in December, it’ll be based on market pressure—not sound economic reasoning—and there will be no rate cuts in the first half of 2025.
This is the prediction – and warning – from one of the world’s largest independent financial advisory and asset management organizations.
The caution from Nigel Green, CEO of deVere Group, comes as the US Consumer Price Index registered a 2.7% 12-month inflation rate for November, up slightly from October. Core CPI remains elevated at 3.3%, signaling that underlying inflationary pressures are far from subdued.
Meanwhile, the job market remains robust, adding another layer of complexity to the Fed’s decision-making process.
“If the Fed delivers a rate cut next month, it will only be to appease market expectations,” says Nigel Green.
“The data, however, paints a different picture. Inflation is staging a comeback, and it’s stubborn. The Fed knows it cannot afford to cut rates while prices are climbing and the job market remains resilient.”
The resurgence of inflation complicates the economic landscape.
While some market observers continue to anticipate monetary easing, deVere argues that policymakers will adopt a more cautious stance. “Slashing rates prematurely would risk reigniting inflationary pressures that could destabilize the economy in the longer term,” notes the deVere CEO.
Adding further complexity is the economic agenda of President-elect Trump. His policies—centered on tax cuts, deregulation, and significant spending—are designed to supercharge growth. Yet, these measures could inadvertently stoke inflationary fires.
“Trump’s growth-focused policies might deliver short-term momentum, but they also come with the risk of heightened inflation,” continues Nigel Green.
“If this happens, as we expect, the Fed will have no choice but to keep rates elevated for an extended period.”
For investors, this evolving reality serves as a wake-up call. Markets must now adapt to a world where inflation is a central concern and monetary policy is less accommodating.
“Investors need to rethink their strategies,” he says. “Bonds, for example, could offer considerable value in an environment marked by persistent inflation and higher interest rates.”
The return of inflation underscores the need for vigilance and adaptability. Elevated price pressures are reshaping investment priorities, pushing both individuals and institutions toward assets that offer stability and long-term value. This new paradigm is one that cannot be ignored by serious investors.
“Make no mistake: inflation remains a formidable threat,” concludes Green.
“Neither the Federal Reserve nor financial markets can afford to underestimate its potential impact. Investors must prepare for volatility, adjust their strategies, and focus on assets that can withstand the pressures of a rapidly evolving economic landscape.”
Bengaluru, December 2024:- Vectus, India’s leading water storage solution provider, has launched a groundbreaking 10-layer water storage tank, marking a revolutionary advancement in water storage technology. The innovative tank combines exceptional durability, unmatched UV resistance, and the latest antibacterial protection to deliver the ultimate solution for clean, safe, and long-lasting water storage. The Vectus 10-Layer Water Storage Tank is engineered with ten distinct layers, each serving a unique purpose to enhance the tank’s strength, resilience, and water quality.
Key highlights include:
Revolutionary 10-Layer Technology: Each layer is designed to optimize the tank’s structural integrity, insulation, and protection. This multi-layered approach not only enhances strength but also safeguards against temperature fluctuations, extending the tank’s lifespan in diverse climates.
Antibacterial Protection: The tank’s inner layer is embedded with cutting-edge antibacterial technology, which inhibits bacterial growth and helps maintain the purity of stored water.
UV-Protective Layer: With Vectus’s specially formulated UV-resistant layer, this tank effectively blocks harmful UV rays, preventing degradation and ensuring water remains cool and safe for use.
Improved Durability and Leak-Proof Design: The robust 10-layer structure offers unmatched durability, making it an ideal choice for residential, commercial, and industrial applications.
Eco-Friendly and Safe Material: The tank is crafted using food-grade plastic and environmentally friendly materials, ensuring no harmful chemicals are leached into the water.
Commenting on the launch, Managing Director of Vectus Mr. Atul Ladha said, “Our 10-layer Water Storage Tank is a true testament to Vectus’s commitment to pushing boundaries in innovation and quality. We understand that water is one of our most valuable resources, and with this new product, we aim to provide our customers with a solution that not only preserves water but also protects their health and the environment.”
Mr. Ashish Baheti, Managing Director of Vectus, adds, “With new-age technology at its core, Ten-X is much more durable than traditional tanks. From food-grade plastic to antibacterial and UV-stabilized technology, every element has been selected for strength, safety, and sustainability.
Vectus’s customer-centric approach is evident in Ten-X’s design. Executive Director Mr. Divian Baheti emphasized the brand’s focus on extensive research and development to meet evolving consumer needs. “Our products are more than functional; they’re designed to enhance the lives of our users.
DocuBay, the global streaming platform from IN10 Media Network, known for its robust slate of thought-provoking documentaries, gears up to further announce the launch of its latest original documentary, ‘Fanatics’. The meticulously crafted documentary delves into the extraordinary devotion of South Indian cinema fans, exploring the emotional depths and societal impact of their unwavering loyalty. Aligning with DocuBay’s vision of delivering impactful narratives, Fanatics is set to stream globally, starting 07th December, 2024.
Docubay Fanatics documentary
Delving deep into the psyche of fans whose unwavering loyalty and extreme acts of reverence redefine the meaning of fandom, Fanatics will take viewers through the cultural heartlands of South India. From constructing temples for their idols to life-altering acts of devotion, this original documentary captures both the intense emotional connection fans have with their stars and the darker consequences of these obsessions. Through a blend of heartfelt narratives and star perspectives, Fanatics explores the origins of this phenomenon, starting from the era of Tamil actor-politician MG Ramachandran, to the evolving fan culture around Rajinikanth, Allu Arjun, and other pan-India stars.
The documentary features candid interviews of some of Indian cinema’s most iconic stars, including Allu Arjun, Kichcha Sudeep, and Vijay Sethupathi, highlighting the unique actor-fan relationship and its societal impact. Additionally, the documentary also addresses the tragic side of fanaticism, where rivalries among fan groups sometimes lead to violence.
Docubay MD Speak
Speaking on the vision behind the documentary, Aditya Pittie, Managing Director, IN10 Media Network, said, “At DocuBay, our mission is to curate and deliver intriguing narratives that resonate with global audiences while spotlighting unique cultural phenomena and real-life events. With Fanatics, we aim to provide an in-depth look at the unparalleled devotion of South Indian cinema fans, a subject that is both fascinating and significant given the region’s growing influence on global cinema. This first-of-its-kind documentary reflects our commitment to expanding our portfolio with diverse and impactful storytelling that drives engagement and elevates the experience for our audiences worldwide.”
Offering his perspective in the documentary, actor Allu Arjun, said, “Cinema has become a very strong, integral part of the culture—it’s no longer just a source of entertainment. And, stars are highly idolized in the South, more than anywhere else I have seen in the world. Many fans do wonderful charity work, and that is great energy being put to the right cause. All actors, whether they agree or not, do have an impact on people, and we should be responsible for how we subconsciously guide them.”
In a candid interview shown in the documentary, actor Kichcha Sudeep said, “As an actor, if you want to have a great career, I don’t think you can do it without a fan base. When I see people building temples for me or getting tattoos, it honestly scares me because I am a man of flaws. Over time, you begin to understand the purity of their emotions and the immense love they have for you. It teaches you responsibility and makes you a better human.”
With stories of fans piercing their tongues, tattooing their bodies, and dedicating their lives to their idols, Fanatics is as gripping as it is eye-opening. The documentary also highlights the symbiotic relationship between fans and the box-office success of South Indian films, offering a fresh perspective on the business of cinema in the region.
Produced by Studio 9, dive into the world of extraordinary devotion with Fanatics, streaming exclusively on DocuBay from December 7th, 2024.
About Docubay
***
About DocuBay:
Headquartered in Mumbai, DocuBay is a global membership VOD platform exclusively designed to stream premium international documentaries. Specializing as a factual entertainment video service, DocuBay features content from all corners of the globe in a variety of categories. Available in 170+ countries, DocuBay is available on platforms including the Apple App Store, Google Play Store, Fire TV, Roku, Apple TV and Samsung TVs, with additional platforms on the way. Join the Tribe on www.docubay.com
About IN10 Media Network:
IN10 Media Network is a parent company to diverse businesses in the media and entertainment industry. With deeply entrenched roots in the creative community and a long association with premium content, the businesses in its folds—including EPIC, ShowBox, Filamchi Bhojpuri, Gubbare, Ishara, Nazara, EPIC ON, DocuBay, MovieVerse Studios, Juggernaut Productions and Let’s Get LOUDER – covering every aspect of the content life-cycle across platforms. Led by entrepreneur Aditya Pittie, IN10 Media Network has its efforts focused on building world-class brands.
Sanjay Malhotra took charge as the 26th Governor of the Reserve Bank of India (RBI) on 11 December 2024. He was welcomed at a ceremony held at the RBI headquarters. 56-year-old Malhotra has replaced outgoing Governor Shaktikanta Das. He will head the central bank during a three-year term.
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New responsibility amid economic challenges
Malhotra is taking charge of the central bank at a time when India’s economy is facing the dual challenge of slow growth and high inflation. Before taking charge, he said that he would focus on understanding various perspectives and doing what is best for the economy.
Sober image and expertise
Sanjay Malhotra has a cooperative image and is known to work together with everyone. He believes that government policy cooperation with the central bank is also necessary to control prices.
Sanjay Malhotra’s career and experience
Malhotra, originally a 1990 batch IAS officer of Rajasthan cadre, has over three decades of experience in sectors such as power, finance, and taxation. Before becoming the RBI governor, he served as Revenue Secretary in the Ministry of Finance. Apart from this, he has also served as Secretary in the Department of Financial Services.
Malhotra’s vast experience and collaborative approach is expected to help RBI meet the challenges it faces. His tenure will play a key role in shaping the Indian economy in the coming years.
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Government initiatives include the Pradhan Mantri Matsya Sampada Yojana (PMMSY), aiming to address gaps in fish production and productivity.IANS
India, a country rich in diverse potential fisheries and aquaculture resources, is making significant strides in the development of its fisheries sector. The country’s resources include reservoirs, flood plain wetlands, ponds, tanks, brackish water, saline/alkaline affected areas, rivers, canals, and a vast coastline. These resources have an estimated potential of fish production of 22.31 million tonnes.
The state of Bihar, in particular, has reported vast and varied water resources suitable for fisheries development, with an estimated potential of 12.70 lakh tonnes. However, it’s important to note that Inland Waterways have been identified for shipping and navigation purposes only, as reported by the Ministry of Ports, Shipping & Waterways. This highlights the need for a balanced approach to resource utilization, ensuring that the potential for fisheries development does not compromise other essential uses of water bodies.
Recognizing the potential of the fisheries sector, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India, has been implementing various schemes for its holistic development.
These include the Centrally Sponsored Scheme on Blue Revolution: Integrated Development and Management of Fisheries, the Fisheries and Aquaculture Infrastructure Development Fund (FIDF), the issuance of Kisan Credit Cards (KCC) to fishers and fish farmers, and the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
India is making significant strides in fisheries development, with an estimated potential fish production of 22.31 million tonnes.IANS
The PMMSY, in particular, is a transformative scheme for the fisheries sector. It aims to address critical gaps in fish production and productivity, quality, technology, post-harvest infrastructure and management, and strengthen the value chain. The scheme is being implemented for a period of five years (2020-21 to 2024-25) with an investment of Rs 20,050 crore. It delves into the domain of inland fisheries and aquaculture, recognizing their pivotal role in bolstering production and ensuring robust food security.
For the development of fisheries and aquaculture in Bihar, projects with a total outlay of Rs. 522.41 Crore, including a central share of 158.82 Crore, have been sanctioned under PMMSY during the last four years and the current financial year. Additionally, a total of 1290 Kisan Credit Cards (KCC) have been sanctioned to fishers and fish farmers of Bihar to help them meet their working capital requirements.
However, the development of the fisheries sector is not without challenges. The Bay of Bengal, for instance, is facing ecological issues due to hydrocarbon exploitation and pollution from shipping activity. The region has witnessed oil and gas exploration on an unprecedented scale in recent years, causing high levels of pollution and environmental hazards. The amount of synthetic trash generated in the Bay is also rising exponentially, with India’s coastal regions witnessing their most rapid expansion of plastic pollution.
Despite these challenges, the fisheries sector has shown promising growth. The sector recorded an Average Annual Growth Rate of 10.88% during 2014-15 to 2018-19, 7.53% average annual growth in fish production, and 9.71% average annual growth in export earnings, with an 18% share in agricultural exports.
The development of the fisheries sector is part of a broader effort by the Indian government to improve the country’s agricultural and rural economy. The Royal Commission of Agriculture in 1926 made comprehensive recommendations for the improvement of the agrarian economy as the basis for the welfare and prosperity of India’s rural population. Independent India appointed a National Commission on Agriculture in 1970 to review the progress of agriculture in the country and make recommendations for its improvement and modernization. The Commission released its final report in 1976, referring to agriculture as a comprehensive term, which included crop production together with land and water management, animal husbandry, fishery, and forestry.
Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC fundingIANS
The Adani Ports and Special Economic Zones (APSEZ) Ltd on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding.
In a stock exchange filing, Adani Ports said the project “is on track for commissioning by early next year”.
“We would like to inform that Colombo West International Terminal (CWIT) project in Sri Lanka is progressing well and is on track for commissioning by early next year,” said the flagship Adani Group company.
“The project will be financed through the company’s internal accruals and capital management plan. We have withdrawn our request for financing from the US Development Finance Corporation (DFC),” it added.
In November last year, the US International Development Finance Corp agreed to provide a $553 million loan to support the development, construction, and operation of CWIT at the Port of Colombo in Sri Lanka.
The CWIT is being developed by a consortium of Adani Ports, Sri Lankan conglomerate John Keells Holdings Plc, and the Sri Lanka Ports Authority (SLPA).
The CWIT project was started in September 2021, when Adani Ports signed an agreement with the Sri Lanka Ports Authority and Sri Lankan conglomerate John Keells Holdings, pledging over $700 million to expand the capabilities of Colombo Port.
New terminal will cater to growing economies in the Bay of Bengal, taking advantage of Sri Lanka’s prime position on major shipping routes and its proximity to these expanding markets.IANS
The CWIT will be Sri Lanka’s largest and deepest container terminal, with a quay length of 1,400 metres and an alongside depth of 20 metres.
The Port of Colombo is the largest and busiest trans-shipment port in the Indian Ocean and it has been operating at more than 90 per cent utilisation since 2021, signalling its need for additional capacity.
The new terminal will cater to growing economies in the Bay of Bengal, taking advantage of Sri Lanka’s prime position on major shipping routes and its proximity to these expanding markets.
The annual cargo handling capacity of this new terminal is likely to exceed 3.2 million.
Train Cancelled: Due to various reasons, the railways have to cancel many trains. If you are going on a journey in the next few days, then first check the list of cancelled trains.
Train Cancelled: Every day millions of passengers travel by train in India. Indian Railways runs thousands of trains for these passengers. Railways are called the lifeline of India. When someone has to travel a long distance, the first choice of most people is train. People get a lot of convenience in train travel. Many facilities are available. But people traveling by train have been facing problems from the Railways for some time now. Due to various reasons, the Railways has to cancel many trains. Check the list of canceled trains before traveling.
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These trains will remain canceled for the next few days
For a long time, Indian Railways has been continuously expanding its network. For which the Railways have to add new rail lines on different rail divisions. Due to this work, many trains have to be cancelled many times. According to the information received recently from the Railways, non-interlocking work is to be done for doubling on the Jhunsi-Prayagraj Rambagh section. Due to this, many trains have been cancelled.
Train number 12581/82 Banaras-New Delhi Express will remain cancelled from 11 to 12 December.
Train number 22581/82 Ballia-New Delhi Express will remain cancelled from 11 to 12 December.
Train No. 14005/06 Anand Vihar Terminal-Sitamarhi Express will remain cancelled from 11th to 12th December.
Train No. 12561/62 Jaynagar-New Delhi Express will remain cancelled from 11th to 12th December.
Train No. 12945/46 Veraval-Banaras Express will remain cancelled from 11th to 12th December.
Train No. 12791/92 Secunderabad-Danapur Express will remain cancelled from 11th to 12th December.
Train number 22131/32 Pune-Banaras Express will remain cancelled from 11 to 12 December.
Train number 20933/34 Udhna-Danapur Express will remain cancelled from 11th to 12th December.
Train number 13345/46 Singrauli-Varanasi Express will remain cancelled from 11 to 12 December.
Train number 05169/05170 Ballia-Prayagraj Rambagh unreserved special train will remain cancelled from 11 to 12 December.
Train number 05137/38 Mau-Prayagraj Rambagh unreserved special will remain cancelled from 11 to 12 December.
Train number 05173 Banaras-Prayagraj Rambagh unreserved special train will remain cancelled from 11 to 12 December.
Train number 05196 Prayagraj Rambagh-Banaras unreserved special train will remain cancelled from 11 to 12 December.
Train number 01027 Dadar-Gorakhpur special train will remain cancelled from 11 to 12 December.
Train number 01025 Dadar-Ballia Special will remain cancelled from 11 to 12 December.
Train number 01028 Gorakhpur-Dadar Special will remain cancelled from 11 to 12 December.
Train number 01026 Ballia-Dadar Special will remain cancelled from 11th to 12th December.
Train number 15268 Lokmanya Tilak Terminal-Raxaul Express will remain cancelled from 11 to 12 December.
Train number 20961/62 Udhna-Banaras Express will remain cancelled from 11 to 12 December.
At around 9:27 am, Sensex was trading at 81,515.06 after gaining 5.01 points or 0.01 per cent, while the Nifty was trading at 24,623.8 after rising 13.75 points or 0.06 per cent.
The Indian stock market continued its flattish opening trajectory this week, as selling was seen in Nifty’s financial service and private bank sector in early trade on Wednesday.
At around 9:27 am, Sensex was trading at 81,515.06 after gaining 5.01 points or 0.01 per cent, while the Nifty was trading at 24,623.8 after rising 13.75 points or 0.06 per cent.
The market trend remained positive. On the National Stock Exchange (NSE), 1,634 stocks were trading in green, while 565 stocks were in red.
According to market experts, “Nifty is in a consolidation range and is likely to remain in this consolidation phase with a mild upward bias in the near-term.”
“The biggest positive for the market is the return of the FIIs and the consequent strength in the large caps, particularly in banking and IT,” they added.
NiftyIANS
Nifty Bank was down 122.45 points or 0.23 per cent at 53,455.25. Nifty Midcap 100 index was trading at 59,129.95 after failing 5.45 points or 0.01 per cent. Nifty Smallcap 100 index was at 19,636.65 after gaining 53.45 points or 0.27 per cent.
Akshay Chinchalkar of Axis Securities said that Nifty ended down a third day, but the late-session rebound has traced a candlestick with a long lower shadow, showing demand near 24500.
“Note that this level represents a so-called ‘polarity’ zone which was formerly resistance,” he informed.
In the Sensex pack, UltraTech Cement, Nestle, Infosys, Maruti, Adani Ports, Tata Motors, Asian Paints, Sun Pharma and L&T were the top gainers. ICICI Bank, HCL Tech, Tech Mahindra, Hindustan Unilever, HDFC Bank and Kotak Mahindra Bank were the top losers.
In Asian markets, the markets of Hong Kong and Japan were trading in red. while Jakarta, Bangkok, China, and Seoul were trading in green. The US stock markets closed in red on the previous trading day.
Foreign institutional investors (FIIs) bought equities worth Rs 1,285.96 crore on December 10, while domestic institutional investors bought equities worth Rs 605.79 crore on the same day.
Volunteers are the unseen architects of transformation. Their passion and commitment weave a fabric of hope and progress in communities. On International Volunteer Day, we celebrate these heroes for their dedication and time spent tackling critical issues such as education, healthcare, and social inequality. Their efforts are transforming communities, creating lasting change, and empowering those who need it most. Here are seven inspiring initiatives that showcase the collective power of volunteerism in India:
1. Educate Girls’ community volunteer network, Team Balika, helps bring out-of-school girls back to education. These volunteers, typically aged 18-30 and the most educated in their village, play a crucial role in increasing enrollment, retention, and learning outcomes. Team Balika members are recruited through one-day events organized at the Block level, and are the backbone of the program, driving community change and advocating for girls’ education in their villages.
2. Volunteers are at the heart of People’s Planet, a community-driven NGO focused on environmental conservation and sustainability. Through initiatives like the Reclaim Bengaluru campaign, volunteers work tirelessly to restore green cover by planting and geo-tagging saplings, ensuring transparency and long-term tracking. These efforts not only combat urban deforestation but also inspire communities to actively participate in reforestation, urban greening, and climate action. Their goal of planting one million trees by 2025 showcases how collective volunteer efforts can significantly impact the environment.
3. CRY’s (Child Rights and You) volunteers dedicate themselves to ensuring children’s rights. They drive initiatives to end child labor, promote school enrollment, and provide healthcare access. By addressing systemic issues, CRY volunteers create environments where children thrive and achieve their full potential.
4. HelpAge India’s programs rely on volunteers to bring healthcare, legal aid, and emotional support to senior citizens. Their efforts, including mobile health services and elder helplines, uplift and empower older adults to lead dignified lives.
5. Volunteers at Sightsavers India work to prevent avoidable blindness and ensure inclusion for people with disabilities. From eye screenings to inclusive education initiatives, their contributions help individuals regain independence and access opportunities.
6. CARE India volunteers champion women and girls, driving programs in health, education, and livelihoods. They mentor aspiring entrepreneurs, run health camps, and support disaster response efforts, fostering resilience in marginalized communities.
7. Oxfam India’s volunteers are agents of change who address poverty and inequality. They organize community events, advocate for policy reforms, and extend disaster relief, amplifying the voices of vulnerable populations.
These initiatives show the immense power of volunteerism to create real, transformative change. We applaud the incredible individuals who contribute selflessly to bettering lives and building a more inclusive future. Through their work, they inspire us all to take action and make a lasting impact in our communities.
