Living in a hostel or PG may become more costly in the future. How? Let’s understand. In two separate rulings, the GST-Authority for Advance Rulings (AAR), has held that hostel and PG rent paid by inhabitants does not qualify for exemption under goods and service tax (GST) because it is not...
Green bonds are a particular class of fixed-income financial instruments issued to raise money for projects or initiatives that have favorable environmental effects. Investing in these bonds will support clean energy, efficient energy use, pollution prevention, sustainable agriculture, and other environmental initiatives. Green bonds stand out because of their emphasis...
The Reserve Bank of India is preparing to launch its central bank digital currency (CBDC), legally recognised as the digital rupee. It will be interchangeable with traditional money, usable for payments, and secure for storing value. Referred to as the e or digital rupee, RBI’s CBDC provides an alternative for...
India's very own E- Rupee is a noncontact electronic payment that is fully cashless that was launched by the Reserve Bank of India (RBI), on December 1, 2022. The E-Rupee holds the same value as the physical money which means that Rs 1 in cash is equal to 1 digital rupee....
What is e-RUPI?India’s Government plans to leverage digital infrastructure for seamless delivery of welfare packages. Taking inspiration from other countries like the United States and Hong Kong, India is introducing a new payment system called “e-RUPI,” utilizing prepaid vouchers for specific purposes. As a fintech pioneer, this move could lead...
