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IndiaTV Business: Google News Feed: Digest for March 17, 2023

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Ki Young Ju, the CEO and co-founder of CryptoQuant, has tweeted that there will be a massive $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Ju's announcement was based on a tweet by Binance, the leading cryptocurrency exchange in daily trading volume, which stated that it would convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos including BTC, BNB, and ETH.
The Union Territory of Jammu and Kashmir has been allocated a budget of ₹1.18 lakh crore for the year 2023-24, with a focus on providing housing in rural areas and water tap connections to 18.36 lakh households. Finance Minister Nirmala Sitharaman presented the budget on Monday in the Lok Sabha, while Union Minister of State for Finance Pankaj Chaudhary tabled it for the Union territory of Jammu and Kashmir.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the second consecutive day on Tuesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Gold prices today: Over the past 24 hours, the cost of both 24 carat and 22 carat gold has seen a substantial increase in India. As of March 15th, the price of 10 grams of 24 carat gold is Rs 57,600, while 10 grams of 22 carat gold costs Rs 52,770.
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
The Union Territory of Jammu and Kashmir has been allocated a budget of ₹1.18 lakh crore for the year 2023-24, with a focus on providing housing in rural areas and water tap connections to 18.36 lakh households. Finance Minister Nirmala Sitharaman presented the budget on Monday in the Lok Sabha, while Union Minister of State for Finance Pankaj Chaudhary tabled it for the Union territory of Jammu and Kashmir.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the second consecutive day on Tuesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Gold prices today: Over the past 24 hours, the cost of both 24 carat and 22 carat gold has seen a substantial increase in India. As of March 15th, the price of 10 grams of 24 carat gold is Rs 57,600, while 10 grams of 22 carat gold costs Rs 52,770.
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the second consecutive day on Tuesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Gold prices today: Over the past 24 hours, the cost of both 24 carat and 22 carat gold has seen a substantial increase in India. As of March 15th, the price of 10 grams of 24 carat gold is Rs 57,600, while 10 grams of 22 carat gold costs Rs 52,770.
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the second consecutive day on Tuesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Gold prices today: Over the past 24 hours, the cost of both 24 carat and 22 carat gold has seen a substantial increase in India. As of March 15th, the price of 10 grams of 24 carat gold is Rs 57,600, while 10 grams of 22 carat gold costs Rs 52,770.
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
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