India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
CBDT Strengthens Crypto Tax Reporting Through OECD Framework Alignment Why in the News ? The Central Board of Direct Taxes (CBDT) has issued a comprehensive Guidance Note on crypto-asset reporting, aligning India’s tax framework with the OECD’s Crypto-Asset Reporting Framework (CARF). The move aims to improve tax compliance, curb evasion, and enable automatic exchange of …
Read MoreTrump Signs GENIUS Act to Boost Digital Assets Why in the News? Former U.S. President Donald Trump signed the GENIUS Act into law, aiming to promote stablecoins, digital asset innovation, and regulatory clarity. Two related bills, CLARITY Act and Anti-CBDC Act, have also advanced to the U.S. Senate. Key Developments: GENIUS Act Signed GENIUS Act …
Read MoreREVISIT DIGITAL SEARCH POWERS UNDER INCOME TAX BILL 2025 Syllabus: GS-3: ● India Economy and development ● Taxation Why in the News? The Income-Tax Bill, 2025, introduced in Parliament by Finance Minister Nirmala Sitharaman during the monsoon session, proposes to empower tax officials with access to an individual’s “virtual digital space” during search and seizure …
Read MoreWhy in the news? Donald Trump launched his memecoin $TRUMP, sparking debates within the crypto community. While supporters celebrate it, concerns grow over its speculative nature, fraud risks, and the ethical implications of a political leader endorsing unregulated crypto assets. Introduction of Trump’s Memecoin ($TRUMP): Donald Trump launched his own memecoin, $TRUMP, on January 18, …
Read More
