Finance Acts

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What Do We Know About India’s CBDC And Its Graded Approach?

Bitcoinist 29 May 2022

The annual report stated that RBI was looking into the pros and cons of the digital currency and how that would impact the traditional finance sector ... The introduction of CBDC has been announced in the Union Budget 2022-23 and an appropriate amendment to the RBI Act, 1934 has been included in the Finance Bill, 2022.

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India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch

Bitcoin 29 May 2022

India’s Finance Minister Nirmala Sitharaman announced the central bank’s plan to launch a digital currency in February while presenting the Union Budget 2022-23 ... An appropriate amendment to the RBI Act, 1934 has been included in the Finance Bill, 2022. The Finance ...

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Repeal of the Agri-Agra Law necessary

The Manila Times 28 May 2022

The central bank praised both chambers of Congress for ratifying the Bicameral Conference Report on the conflicting provisions of Senate Bill 2494 and House Bill 6134, titled "The Agriculture, Fisheries, and Rural Development Financing Enhancement Act of 2022," in a statement released on Friday.

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Tax Query: What will be the capital gains accrued on insurance foreclosure amount?

Business Line 28 May 2022

Further, Finance Act 2021, inserted a proviso to Section 10(10D) of the Act, wherein the above exemption would not be available for any Unit Linked Insurance Premium (ULIP) issued on or after February 1, 2021, where the premium payable for any year during the term of the policy exceeds ₹2.50 lakh.

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Centre Amends Faceless Penalty Scheme | Mint

Live Mint 28 May 2022

The Central Board of Direct Taxes (CBDT) has amended the faceless penalty scheme it had brought last January to bring into effect the amendments introduced in the Finance Act of 2022, including mandatory personal hearing through electronic mode to any tax payer who has sought a hearing, showed an official order.

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RBI to adopt graded approach to introduce digital currency

Beijing News 28 May 2022

"The introduction of CBDC has been announced in the Union Budget 2022-23 and an appropriate amendment to the RBI Act, 1934 has been included in the Finance Bill, 2022. The Finance Bill, 2022 has been enacted, providing a legal framework for the launch of CBDC," the central bank said in a statement. (ANI) ....

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RBI to adopt graded approach to introduction of digital currency

Beijing News 28 May 2022

Mumbai (Maharashtra) , May 28 (ANI) ... The introduction of CBDC was announced in the Union Budget 2022-23 and an appropriate amendment to the RBI Act, 1934 has been included in the Finance Bill, 2022. The Finance Bill, 2022 has been enacted, providing a legal framework for the launch of CBDC. (ANI) ....

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India proposes a graded approach for its CBDC: RBI report

Cryptopolitan 28 May 2022

The Indian Finance Bill 2022, which established a 30% crypto tax on unrealized gains, also created a legal framework for the introduction of a digital rupee ... The RBI Act, 1934 was amended with an addition to the Finance Bill, 2022, which launched the CBDC; this bill had been enacted, providing a legal basis for the CBDC’s establishment.

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Polis signs collective bargaining, school funding, dozens of other bills

Colorado Politics 28 May 2022

“This year’s school finance act will increase per pupil funding to a record high ... Bill 1051 — extending the Colorado Affordable Housing Tax Credit until 2031 — and Senate Bill 159 — creating a $150 million loan program for housing infrastructure, financing and rehabilitation.

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Enterprise Tocsin 28 May 2022

Although the Catholic Church seems to have gotten its act together, with policies and procedures in place to swiftly and openly address credible accusations of sexual abuse, it will be a long time, maybe decades, before the church regains the full trust of its flock.

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Baptists share Catholics’ pain

Delta Democrat-Times 28 May 2022

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China joins India, others in seeking dismantling of terror camps in Afghanistan, region

The Times of India 28 May 2022

China did not participate in that conference ... NEW DELHI ... On terrorism, the joint statement went on to say that the participants noted the "inadmissibility of international terrorist organisations using the territory of Afghanistan for shelter, training, planning or financing of any terrorist acts against the countries of the region" ... .

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Governor Signs Two Education Bills to Address Funding, Teacher Retention

Pagosa Daily Post 27 May 2022

The School Finance Act, HB22-1390, sponsored by Representatives Julie McCluskie and Barbara McLachlan and Senator Rachel Zenzinger, makes historic investments to increase funding levels for Colorado’s public schools to the highest level since the last economic recession.

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‘Agri-Agra Law repeal to boost agri, economy’

Manila Standard 27 May 2022

The move of the legislature to repeal the Agri-Agra Law will boost financing for the agricultural sector and benefit the economy in general, the Bangko Sentral ng Pilipinas (BSP) said Friday ... 6134, entitled “The Agriculture, Fisheries, and Rural Development Financing Enhancement Act of 2022.”.

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Commercial Real Estate Finance Council Congratulates Sandra Thompson on Confirmation as FHFA Director

Longview News-Journal 27 May 2022

CREFC promotes liquidity, transparency, and efficiency in the commercial real estate finance markets, and acts as a�legislative and regulatory advocate�for the industry, playing a vital role in setting market standards and best practices, and providing�education�for market participants ... SOURCE CRE Finance Council.