All You Need To Know About The Tokenisation Of Credit And Debit Cards

All You Need To Know About The Tokenisation Of Credit And Debit Cards

In an official statement, RBI officials have stated that credit and debit card tokenisation will come into effect from July 1, 2022. The Reserve Bank of India announced the good news for all electronic card holders. The statement says that online merchants will not be able to save customers’ card data starting next month as […]

Sri Lanka: Citizens Seek Refuge In Foreign Countries Amid Economic Crisis

Sri Lanka: Citizens Seek Refuge In Foreign Countries Amid Economic Crisis

The economic crisis in Sri Lanka is getting worse every day, with people now willing to leave the country. The Sri Lankan government has issued three times as many passports this year, as compared to 2021. Citizens are desperately waiting outside Sri Lanka’s immigration department to get their passports and leave the crisis-stricken country. Lenora, […]

Retail Inflation Eases To 7.04 Percent During May

Retail Inflation Eases To 7.04 Percent During May

The Consumer Price Index (CPI) data showed that the retail inflation in May was recorded at 7.04 percent, decreasing from 7.79 percent in April.  After a slight post pandemic recovery, the global economy was hit by the conflict between Russia and Ukraine. As the violence ensues thousands of kilometres away, it continues to affect the […]

‘Satisfied With The Stance Of Indian Officials’: Iran On Prophet Row

‘Satisfied With The Stance Of Indian Officials’: Iran On Prophet Row

During his three day visit to India, Iranian Foreign Minister Dr Hossein Amir-Abdollahian discussed various issues, including the Chabahar Port and the row over Prophet Muhammad. The Iranian delegation along with Foreign Minister Dr Hossein Amir-Abdollahian, is on a three day visit to India, during which he is holding talks with National Security Adviser Ajit […]

RBI Governor Announces 50 bps Increase In Repo Rate

RBI Governor Announces 50 Bps Increase In Repo Rate

RBI governor Shaktikanta Das has officially announced that the decided repo rate for commercial banks is settled at 4.90 percent, increased by 50 bps. The decision came soon after the Monetary Policy Committee (MPC) meeting earlier this month. Earlier last month, the RBI increased the repo rate by 40bps, taking it to 4.40 percent. The […]

Why Did The Centre Decide To Amend The IT Rules?

Why Did The Centre Decide To Amend The IT Rules?

On June 6, the Ministry of Electronics and Information Technology released a draft to amend the IT rules of 2021, and increase the accountability and transparency of big-tech companies. The Centre has claimed that big-tech companies are still able to exploit the constitutional rights of social media users, which is why it has drafted a […]

What Do ‘Forks’ Mean In The World Of Crpto?

What Do ‘Forks’ Mean In The World Of Crpto?

The term “forks” is being used more often in recent times, especially after the infamous fall of Luna Terra, and its revival. Luna Terra was one of the most stable coins in cryptocurrency. The crash resulted in the loss of $200 billion across the crypto market, with the value of the coins dropping by about […]

Indian Government Gets One Step Closer To Introducing Cryptocurrency Regulations

Indian Government Gets One Step Closer To Introducing Cryptocurrency Regulations

The secretary for economic affairs, Ajay Seth, has informed about the government’s progress in regulating the use of cryptocurrency in India. Seth stated, on Monday, that the Centre has completed the consultation papers on cryptocurrency, and that the government will submit them soon. The discussion included a thorough analysis of all the challenges posed by […]