Financial Transparency

Filing an Income Tax Return (ITR) in India is crucial for several reasons: it facilitates easy loan approvals, enables tax refunds, serves as proof of income and address, expedites visa processing, and ensures financial transparency.

WazirX released its sixth transparency report on Tuesday, April 23. Among a bunch of details, WazirX claimed that it received a total of 1,700 requests from the law enforcement agencies between October 2023 and March 2024.

Australia batter Usman Khawaja has called for greater transparency in terms of cricket board financial positions

Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.

On the World Fintech Day, Web3 insiders from India have highlighted that blockchain is the next big refreshment to global financial systems. Meanwhile, the speed at which countries adopt blockchain and integrate it with their financial systems, has been called the metric that would change the game for nations looking to lead the Web3 revolution set...

The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade.

At their first joint working group meeting on the Chabahar port, India and the Central Asian countries reaffirmed that connectivity initiatives should comply with global norms, transparency, local priorities and financial sustainability.

Indian crypto exchange Giottus has agreed to provide proof of reserves to add another layer of transparency to its business operations in the country. Cryptocurrencies were slammed this week after the FTX exchange was thrown into turmoil this month due to lack of liquidity. Amid the chaos, Giottus has said that it was ready to provide proofs of int...

CoinDCX, WazirX, and CoinSwitch Kuber have been served notices by the Directorate of Enforcement (ED), India’s financial watchdog over cases of money laundering and violating foreign exchange laws. All the named exchanges have vouched cooperation in whatever investigation follows.

The US is exploring day-to-day use cases of stablecoins, pegged against the US Dollar. A new TRUST Act has been introduced, that regulates relevant stablecoins in a bid to shape-up its transparency and security. Stablecoin issuers will now have to identify themselves in the US, and operate only after securing official licences.

Escorts aims to provide farmers with a transparent and quick mechanism to buy appropriate agri-based commodities such as tractors and IndusInd will bring accessibility to financial solutions

RBI said that to ensure transparency in the allotment of lockers, banks should maintain a branch-wise list of the vacant lockers as well as a wait-list in the core banking system

Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.

European Union regulators are making a 'hit list' of up to 20 large internet companies, potentially including Facebook, Apple, Amazon, and Alphabet's Google, that will be facing new and tougher rules aimed at curbing their market power, says a Financial Times report.

A seamless composite exploration-cum-mining-cum-production regime will be introduced in the mineral sector as the government brings in commercial mining in the coal sector, Finance Minister Nirmala Sitharaman said this evening, unveiling the government's fourth tranche of Rs 20 lakh crore fiscal stimulus announced by Prime Minister Narendra Modi on...

Filing an Income Tax Return (ITR) in India is crucial for several reasons: it facilitates easy loan approvals, enables tax refunds, serves as proof of income and address, expedites visa processing, and ensures financial transparency.

WazirX released its sixth transparency report on Tuesday, April 23. Among a bunch of details, WazirX claimed that it received a total of 1,700 requests from the law enforcement agencies between October 2023 and March 2024.

Australia batter Usman Khawaja has called for greater transparency in terms of cricket board financial positions

Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.

On the World Fintech Day, Web3 insiders from India have highlighted that blockchain is the next big refreshment to global financial systems. Meanwhile, the speed at which countries adopt blockchain and integrate it with their financial systems, has been called the metric that would change the game for nations looking to lead the Web3 revolution set...

The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade.

At their first joint working group meeting on the Chabahar port, India and the Central Asian countries reaffirmed that connectivity initiatives should comply with global norms, transparency, local priorities and financial sustainability.

Indian crypto exchange Giottus has agreed to provide proof of reserves to add another layer of transparency to its business operations in the country. Cryptocurrencies were slammed this week after the FTX exchange was thrown into turmoil this month due to lack of liquidity. Amid the chaos, Giottus has said that it was ready to provide proofs of int...

CoinDCX, WazirX, and CoinSwitch Kuber have been served notices by the Directorate of Enforcement (ED), India’s financial watchdog over cases of money laundering and violating foreign exchange laws. All the named exchanges have vouched cooperation in whatever investigation follows.

The US is exploring day-to-day use cases of stablecoins, pegged against the US Dollar. A new TRUST Act has been introduced, that regulates relevant stablecoins in a bid to shape-up its transparency and security. Stablecoin issuers will now have to identify themselves in the US, and operate only after securing official licences.

Escorts aims to provide farmers with a transparent and quick mechanism to buy appropriate agri-based commodities such as tractors and IndusInd will bring accessibility to financial solutions

RBI said that to ensure transparency in the allotment of lockers, banks should maintain a branch-wise list of the vacant lockers as well as a wait-list in the core banking system

Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.

European Union regulators are making a 'hit list' of up to 20 large internet companies, potentially including Facebook, Apple, Amazon, and Alphabet's Google, that will be facing new and tougher rules aimed at curbing their market power, says a Financial Times report.

A seamless composite exploration-cum-mining-cum-production regime will be introduced in the mineral sector as the government brings in commercial mining in the coal sector, Finance Minister Nirmala Sitharaman said this evening, unveiling the government's fourth tranche of Rs 20 lakh crore fiscal stimulus announced by Prime Minister Narendra Modi on...