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#Opinion | The tax is designed to discourage scamsters from creating #startups that set an arbitrarily high valuation to absorb black money from shell entities.

While nobody can argue against the goal of preventing #moneylaundering, this #tax has been controversial since inception.

Read here: https://www.livemint.com/opinion/online-views/how-the-angel-tax-harms-indian-startups-11685431904734.html
Up to 24% of central banks were looking to raise gold holdings in 2023, according to a new survey from the #WorldGoldCouncil.



Read here: https://www.livemint.com/economy/central-banks-look-to-increase-gold-reserves-as-geopolitical-worries-mount-11685444133660.html
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#MetaPlatforms Inc , valued at about $670 billion as of last close, clinched the trillion-dollar market capitalization milestone in 2021, while #Apple Inc, #Alphabet Inc, #Microsoft Corp and #Amazon Inc are the other #US companies that are part of the club.



Read here: https://www.livemint.com/market/stock-market-news/nvidia-becomes-first-us-chipmaker-valued-at-over-1-trillion-joins-exclusive-faang-group-11685451115730.html
#UnitedWorldWrestling Tuesday condemned the arrest and temporary detention of some leading Indian wrestlers during a protest march and threatened that it might suspend the #WFI if its pending elections are not held within the stipulated time.

Read here: https://www.livemint.com/sports/athletics-news/uww-condemns-detention-of-protesting-wrestlers-threatens-suspension-of-wfi-11685464072957.html
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The number of fake notes of ₹500 denomination detected has increased by 14.4% to 91,110 pieces in 2022-23 compared to the previous year, according to the #ReserveBankOfIndia's annual report released today.

Read here: https://livemint.com/money/personal-finance/there-are-more-rs-500-fake-notes-in-circulation-than-rs-2000-rbi-annual-report-shows-11685430652777.html
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During the quarter ended 31 March, #BlackRock marked down the value of its shares in Byju's by 26% compared to the previous three months, and by a substantial 62% from a year ago.

Read here: https://www.livemint.com/companies/news/blackrock-marks-down-byju-s-stake-valuation-by-26-in-q1-2022-bringing-its-estimated-valuation-to-less-than-84bn-11685467857917.html
#PersonalFinance | The financial benefits for #NRIs become apparent when they earn in foreign currencies & convert them to Indian rupees to invest & save, leading to significant growth in rupee terms.

Read here: https://livemint.com/money/personal-finance/financial-benefits-of-retiring-in-india-for-nris-investing-in-indian-stock-market-experiences-of-returnees-from-abroad-11685468635253.html
#India is poised to sustain its growth momentum in the current fiscal year, aided by easing price pressures, although risks emanating from sluggish expansion of other economies could pose risks, #RBI said in its annual report.

https://www.livemint.com/economy/softening-prices-will-support-growth-rbi-11685467654185.html