Cryptocurrencies

Stablecoins not stable, have 'no role' as money; warns top banker [details]

As cryptocurrencies get hammered in the economic meltdown, stablecoins -- whose value is pegged to another asset like a fiat currency or a commodity -- are also bad investments and are ill-suited as a form of money, Siddharth Tiwari, the Asia-Pacific head of the Bank of International Settlements (BIS), has said. Jun 28, 2022
alcohol-beverage

K'taka govt urged to rationalise tax on premium alcohol-beverage products [Details]

The International Spirits and Wines Association of India (ISWAI), the apex body of the premium Alcohol-Beverage (AlcoBev) sector, has urged the Karnataka government to consider rationalisation of additional excise duty on premium products in order to generate revenues from the local consumption of quality premium AlcoBev brands. Jun 25, 2022