Business
Sebi, RBI plan to bring digital gold under regulatory ambit
The Ministry of Finance, the Securities and Exchange Commission of India (Sebi), and the Reserve Bank of India (RBI) are working to put digital gold and crypto assets under some regulation, as concerns about the unrestricted growth of such investments are not applicable to regulated Investor protection of securities. The government plans to address issues such as transparency, heinous statements, and lofty promises that some companies make to attract investors in unregulated assets.
Two officials who requested anonymity said that as part of the plan, the government may amend the Seby Act and the Securities Contract Supervision Act to classify digital gold as securities. On Saturday, Indian Prime Minister Narendra Modi (Narendra Modi) chaired a meeting with regulators to discuss and determine the long-term strategy for crypto assets. Previously, the Standing Committee on Finance held a meeting with stakeholders on Monday to determine their views on “opportunities and challenges related to crypto finance.”
Mint has reviewed a copy of the notice issued by the Standing Committee to engage in dialogue with the association and industry experts on cryptocurrency. Email inquiries about digital gold regulation sent to Sebi and the Ministry of Finance were not immediately answered. The proposal to regulate assets came after Sebi banned registered brokers and investment advisers from providing digital gold and other unregulated investment products in September and October. Regulators say that providing such products violates the Seby Act and may result in fines and, in some cases, cancellation of licenses.
Some financial technology companies that sell digital gold have to stop such sales, even if other companies spin off digital gold products to unregulated parent companies. Some companies offer digital gold as an investment product to attract customers who are unwilling to invest in stock-related products. The ban opens up opportunities for arbitrage, where regulated entities and unregulated companies of the Reserve Bank of India can provide digital gold without any penalties.
“Obviously there is regulatory arbitrage. We have never sold digital gold because we think it is not a good product, not for any other reason,” said Nithin Kamath, CEO and founder of the financial services platform Zerodha.
News Source : Hindustan Times
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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