Wednesday December 13-Dec-2017 As of 03:15 AM IST
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Business
Indian Government Introducing Its Own Cryptocurrency Lakshmi, Similar To Bitcoins
 The Indian government is considering a proposal to introduce its own cryptocurrency 'Lakshmi' similar to Bitcoin, according to reports. The proposal was reportedly discussed by a committee of government officials who found the idea of running blockchain for financial services useful. Notably, if the proposal is carried out, the cryptocurrency will fall in the domain of the RBI. A week ago RBI’s executive director Sudarshan Sen had sp

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Nandan Nilekani returns to Infosys as new chairman
 The return of former boss Nandan Nilekani to Infosys is intended as a return to normality for investors and the tech company’s 200,000 employees, drawing a line under the bitter public battle between board members and founders. The dra

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RBI logo was inspired from East India Company's gold coin
 The Reserve Bank of India, which was established on April 1, 1935 during the British Rule, modelled its official emblem after the double mohur of The East India Company. The logo originally featured a sketch of the Lion and Palm Tree but it was

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Rajya Sabha Passed GST Amendment Bill
 The Rajya Sabha on Wednesday passed the Goods and Services Tax (Amendments) Bill with most of the political parties, except the AIADMK, voting in its favour. The Bill which was passed in the Lok Sabha in May 2015 aims to replace multiple rates

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Israel terror attack victims sue FB for $1 bn
 The families of five Israeli and US citizens killed by Palestinian attacks have filed a lawsuit against Facebook seeking $1 billion in damages. In the lawsuit, the social network was accused of playing a key role in the Palestinian fundamentali

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Rs 13k cr black money found in offshore accounts
I-T authorities have reportedly found undeclared income of around ?13,000 crores from two sets of information they had received. In 2011, France gave information about at least? 400 Indians having accounts in HSBC, Geneva, which led to the discovery

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Rolls-Royce launches Dawn in India at Rs 6.25 cr
British luxury car maker Rolls-Royce on Friday launched Dawn in India at a starting price of RS 6.25 crore (ex-showroom?, Mumbai). The spiritual successor to the Silver Dawn that debuted in 1953, the modern day Rolls-Royce is more than just a Wraith

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Market snubs Rajan's exit
Money control Bureau The market is still making steady gains after knee-jerk reaction to Reserve Bank of India's governor Raghuram Rajan not continuing for second term. The Nifty is below 8200-mark, up 14 points or 0.2 percent at 8184.20. The Sen

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E-survey helped govt add 50L taxpayers in 2yrs
 The government was able to add 50 lakh new taxpayers with the help of electronic surveillance (e-survey) in the past two years, Atulesh Jindal, Chairman of Central Board of Direct Taxes (CBDT) said on Friday. This, in turn, led to the collectio

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