Bitcoin, are actually not coins but a kind of alternative currency that only exists in the digital domain. It is protected with layers of encryption and are mined digitally only. Bitcons are freely transferred from one user to another without an intermediary as it’s an open source software. Therefore, it means that no person, or company, or country owns this network. Since our current government is hell bent in a cashless economy, digital cryptocurrency has made its presence felt in India. Right after the demonitization drive by the current government, Bitcoin exchanges in India have witnessed a rise in the user base by upto 250 percent. Where can you purchase these? Bitcoins are mined using exclusive programs running on any individual’s computer that works to decrypt the algorithm,
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One of the bills among an entire lot of banking reforms is to endorse the new law which frames the rules for the judgment of failing banks. All these details were leaked to social media which made worry ripple across banks in the country. This bill was approved by the Central Government in the month of June 2017. If the Indian government does go ahead with the passing of this bill, the Resolution Corporation, which is the proposed rescuing body, is the shoe-in for a large amount of “bail-in” power. This corporation can summon these “bail-in” conditions for saving a bank or a financial institution which is on the threshold of collapse. The corporation will be established under the Financial Resolution and Deposit Insurance Bill. Used to save
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With our fast-paced lifestyle, it’s sensible to save money to secure our future. More so, it’s even wiser to invest those savings to help you either reach your financial goals or aid through an emergency. By investments we mean, monetary assets that you procure in order to avail profits in the coming years. For middle class families, there are safe investments which have zero risks. These investments are good for people who want to invest less money for guarenteed returns on your investment. For example, you have Rs. 1,000 left in your bank account. You could invest Rs. 500 in smart schemes to get good returns. Here’s a list of smart schemes that you can look at for protecting your furture: Pradhan Mantri Suraksha Bima Yojna: @Rs 12
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Indian startup companies have broken free from their mould and are now leading the way into the mainstream conventional startup funding circle. This progression was observed during the fiscal years 2015-17, 2015 being the year of huge investments while 2016 saw a major decline, thanks to the demonetization policies that came into effect. Investments were many in number with smaller amounts, the general motto is ‘spray and pray’, several startups had investors, most of them hoping that whichever company they invested in yields a considerable amount in return. The year of their returns For the above investors, the fiscal year 2017 is the year of their returns; the first six months viewed a smaller number of deals in the Indian tech startup ecosystem, but what is noteworthy
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