Finance Act, 2022: 30% tax on Profit on cryptocurrency trade. And, tax deducted at source (TDS) of 1 per cent on transfer of virtual digital assets (VDAs) from July 1, if the value of transactions exceeds Rs 10,000 in a year.
a black swan event means an unprecedented unexpected extreme risk event e.g. 2007’s USA sub-prime crisis, 2020’s Corona. RBI report says that in the next black swan event, possibility of capital outflows to the tune of $100 billion -around Rs 7,80,000 crore from India by FPIs.
Central Board of Reserve Bank of India (RBI) → GOVERNMENT has nominated Anand Mahindra, Venu Srinivasan (TVS), Pankaj Ramanbhai Patel (Zydus Cadila) and Ravindra H Dholakia (Ex-IIM Boss) as part-time non-official Directors.
Pinkwashing is the strategy of Companies to promote LGBT rights and products to distract from real issues. E.g. June, recognised as (LGBT) Pride month → Walmart and other companies launch rainbow coloured products tshirt, jackets, etc to profit. Netflix and Amazon Prime launch web series where LGBT actors are shown in positive and powerful light. But in reality many LGBT employees removed from job, not allowed to progress in career etc