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Showing posts from July, 2018

India Uninc.

"The India Uninc. is engine of our economic growth" What is India Unincorporated ? India Unincorporated is very Indian spirit with which we live. Its the India which we believe in. India  unincorporated are those unorganized businesses which appear in every nook & corner of modern India. Its the iron fist of Indian  economy, our answer to west world. it is the real reason why we stand strong when west sinks, cause our middle and low class stand strong.     In spite of this it is abandoned and often called as unwanted. Unorganised sector is not the residual sector of Indian  economy rather it is the dominant one. whensoever inflow of FDI (foreign direct invest) increases in indian economy it is celebrated, lauded & glorified  but its contribution to indian economy has never been more 9%. Where as unorganised sector holds a humongous share of 40%. Informal sector employs more than 93% of our total workforce. More than 90% of employment in agricu

RBI Regulated Organisations Barred From All Cryptocurrency-Related Services

"We have decided to ring-fence the RBI regulated entities from the risks of dealing with virtual currencies. These operators are required to stop having a business relationship with the entities dealing with virtual currencies forthwith and unwind the existing relationships within three months"                                                          - BP Kanungo                                                              (Deputy Governor,  RBI) After issuing premonitory warnings RBI finally doomed cryptocurrency exchanges by banning all RBI regulated organisations to provide services to cryptocurrency-related entities form 5th July, 2018 As per press circular released by RBI dated on 6th april, 2018, It (RBI) won't be dealing or providing any services to organisations dealing with cryptocurrencies. This action might be the result of $726 Million Gujarat bitcoin scam, which came to limelight after suspected involvement of Raj Kundra (british businessman a