Monthly Archives: October 2025

business, economy, international, politics, technology

This is Modi government’s stance on cryptocurrency in India

Leave a comment

**This is Modi Government’s Stance on Cryptocurrency in India**
*By Dwaipayan Roy | Oct 07, 2025 | 04:24 PM*

—

**Union Commerce Minister Piyush Goyal Clarifies Government Position**

Union Commerce Minister Piyush Goyal recently clarified the Indian government’s stance on cryptocurrency during his two-day visit to Doha aimed at boosting trade and investments between India and Qatar.

Goyal emphasized that the government neither promotes nor discourages cryptocurrencies but imposes taxation on them. “We have not been encouraging cryptocurrency, which does not have sovereign backing or which is not backed by assets,” he stated.

—

**Heavy Taxation Instead of a Ban**

Unlike some countries that have banned cryptocurrencies outright, India has chosen a different approach. Goyal explained that the government intends to regulate cryptocurrencies primarily through heavy taxation.

“As far as cryptocurrency, which is not backed by the Central Govt, while there is no ban as such, we are taxing it very heavily,” he said. This strategy aims to protect people from falling victim to unbacked cryptocurrencies lacking any formal support system.

—

**India’s Plan to Introduce a Sovereign Digital Currency**

In addition to regulating private cryptocurrencies, India plans to roll out a sovereign digital currency backed by the Reserve Bank of India (RBI). This new digital rupee will share characteristics similar to stablecoins and will feature blockchain-based traceability to ensure transparency and compliance.

“Our idea is that this will only make it easier to transact,” Goyal remarked regarding the upcoming digital currency.

—

**Clear Tax Framework for Virtual Digital Assets**

India has established a defined tax framework for virtual digital assets (VDAs), such as cryptocurrencies and NFTs, despite not granting them legal tender status.

In the Union Budget 2022-23, the government introduced a 30% tax on income earned from the transfer of VDAs. This tax rate applies regardless of any profit or loss from other transactions in the taxpayer’s portfolio. Additionally, from July 1, 2022, a 1% Tax Deducted at Source (TDS) is levied on all crypto transactions above ₹10,000.

—

**Summary**

To summarize, the Modi government’s approach to cryptocurrency emphasizes regulation through significant taxation rather than prohibition. While discouraging unbacked cryptocurrencies, the government is moving forward with its own digital currency initiative to facilitate easier and more transparent transactions in India’s financial ecosystem.
https://www.newsbytesapp.com/news/business/we-are-not-encouraging-cryptocurrency-says-piyush-goyal/story

crime, death, india, police, suicide

Senior Haryana IPS officer shoots himself at residence

Leave a comment

**Senior Haryana IPS Officer Dies by Suicide at Residence**

*By Snehil Singh | Oct 07, 2025, 05:04 PM*

Senior Haryana Indian Police Service (IPS) officer Puran Kumar allegedly died by suicide at his residence in Sector 11, Chandigarh. The incident occurred on Tuesday afternoon when he reportedly shot himself with his official weapon. Preliminary investigations suggest that he died on the spot.

Puran Kumar was a 2001-batch IPS officer serving as the Additional Director General of Police at the Police Training Centre in Sunaria, Rohtak. His wife, Aman P Kumar, an IAS officer, is currently on an official trip to Japan and is expected to return to India tomorrow evening.

Senior officials of Chandigarh Police have launched an investigation into the case. Chandigarh’s Senior Superintendent of Police, Kanwardeep Kaur, confirmed that a team from the Central Forensic Science Laboratory is examining the scene as part of the ongoing probe.

—

**Support Resources**

If you or someone you know is struggling with suicidal thoughts, help is available. Please reach out to the following organizations for support:

– **AASRA (Suicide Prevention Counseling):** 022-27546669 (24 hours)
– **Roshni NGO:** +91-4066202000
– **COOJ:** +91-83222-52525
– **Sneha India Foundation (24×7):** +91-44246-40050
– **Vandrevala Foundation (Call & WhatsApp):** +91-99996-66555

Remember, seeking help is a sign of strength. You are not alone.
https://www.newsbytesapp.com/news/india/senior-haryana-ips-officer-shoots-himself-at-house/story

government, politics, public administration

MP News: ‘Public Trust Is Our Greatest Asset And We Must Maintain It’ Says CM Mohan Yadav At Commissioner-Collectors Conference In Bhopal

Leave a comment

**Bhopal (Madhya Pradesh): Chief Minister Mohan Yadav Emphasizes Public Trust and Good Governance at Commissioner-Collectors Conference**

Chief Minister Mohan Yadav highlighted that public trust is the state’s greatest asset and must be maintained at all costs. He made these remarks at the inauguration of the two-day Commissioner-Collectors Conference 2025, held at the Kushabhau Thakre International Convention Center in Bhopal on Tuesday.

Yadav stated that Madhya Pradesh has established a responsible and result-oriented governance system aimed at providing immediate and quality services to the public. “The goal of developing the state through good governance is our top priority,” he emphasized.

The Chief Minister stressed the importance of effective implementation of government schemes, efficient management, and direct communication with citizens. He urged officials to ensure that the benefits of government programs reach everyone in need without delay.

Encouraging field visits, Yadav called on officials to engage directly with the public to understand their problems and offer prompt assistance. “We must deliver great results to the citizens,” he added. “Each one of us plays a crucial role in democracy and public welfare, and field officials have the responsibility to ensure that the public receives the actual benefits of the schemes.”

Mr. Yadav further emphasized accelerating the speed of development through transparent governance. He noted that the conference will focus on simplifying and enhancing governance processes to enable faster delivery of scheme benefits to the public.

Drawing a parallel to the responsibilities entrusted by God, the Chief Minister said, “If God has given us the responsibility of working for society, we must fulfill it like a humble student.” He urged officials to continuously learn new methods and apply their skills and experience efficiently to serve the people better.

Addressing farmers’ concerns, Mohan Yadav assured that they will receive a fair price for their soybean crop under all circumstances. The registration of farmers under the Bhavantar Yojana will continue until October 17, 2025. Additionally, the price difference will be transferred directly to farmers’ bank accounts within 15 days of crop sale.

The conference was attended by Chief Secretary Anurag Jain, Additional Chief Secretary (General Administration) Sanjay Kumar Shukla, multiple Additional Chief Secretaries, Principal Secretaries, Secretaries, Divisional Commissioners, Collectors, CEOs of District Panchayats, and senior government officials from all districts.

This event underlines Madhya Pradesh’s commitment to strengthening governance and ensuring inclusive development across the state.
https://www.freepressjournal.in/bhopal/mp-news-public-trust-is-our-greatest-asset-and-we-must-maintain-it-says-cm-mohan-yadav-at-commissioner-collectors-conference-in-bhopal

business, conflict, hostage situation, international, politics

Many details to be worked out on Trump Gaza plan, Qatari official says

Leave a comment

**Many Details to Be Worked Out on Trump Gaza Plan, Qatari Official Says**

A Qatari official has stated that many details still need to be worked out regarding the Trump administration’s Gaza plan. The proposed deal would see Israel receive the return of all 48 hostages after two years of captivity by Hamas.

US President Donald Trump has been involved in efforts to negotiate the release of these hostages amid ongoing tensions with Hamas.

*Photo credit: Kevin Lamarque/Reuters, Ramadan Abed/Reuters*
https://www.jpost.com/israel-news/defense-news/article-869677

general

RBI to auction government securities worth Rs 28,000 crore on October 10

Leave a comment

According to a recent government notification, the government may accept further subscriptions of up to Rs 2,000 crore per security. The sale will be conducted through the Reserve Bank of India’s (RBI) Mumbai Office, utilizing its Core Banking Solution e-Kuber system.

The auction will use a multiple-price mechanism, allowing both competitive and non-competitive bids. Non-competitive bids will be accepted between 10:30 a.m. and 11:00 a.m. on October 10, while competitive bids will be taken from 10:30 a.m. to 11:30 a.m. on the same day. The auction results will be announced on October 10, and successful bidders must make their payments by Monday, October 13.

Primary Dealers can submit bids for underwriting the Additional Competitive Underwriting (ACU) portion between 9:00 a.m. and 9:30 a.m. on the day of the auction, October 10.

Additionally, the securities will be eligible for “When Issued” trading from October 7 to October 10, 2025.

As reported by news agency ANI, the auction process differs depending on the type of security. For multiple price-based auctions, successful bids are accepted at their respective quoted yield or price. In contrast, for uniform price-based auctions, all accepted bids are settled at the cutoff yield or price.

The RBI has stated that auctions will be yield-based for new securities and price-based for reissued securities. In the case of Floating Rate Bonds (FRBs), the auction will be spread-based for new securities and price-based for reissues. When placing bids for new FRBs, bidders should quote the spread in percentage terms.

Furthermore, the RBI release highlights that securities will be issued in a minimum amount of Rs 10,000 and in multiples of Rs 10,000 thereafter.

To summarize the key timings:

– ACU portion underwriting bids by Primary Dealers: 9:00 a.m. to 9:30 a.m. on October 10
– Non-competitive bids: 10:30 a.m. to 11:00 a.m. on October 10
– Competitive bids: 10:30 a.m. to 11:30 a.m. on October 10
– Auction results announcement: October 10
– Payment due by winning bidders: October 13

This issuance reflects the continued efforts by the government and RBI to maintain transparent and efficient debt markets through advanced auction mechanisms.
https://www.mid-day.com/news/india-news/article/rbi-to-auction-government-securities-worth-rs-28000-crore-on-october-10-23597604

business, internet, judiciary, law, technology

Supreme Court denies Google’s appeal, upholds Play Store reform order

Leave a comment

**Supreme Court Denies Google’s Appeal, Upholds Play Store Reform Order**

*By Mudit Dube | Oct 07, 2025, 10:30 AM*

—

**Overview**

The US Supreme Court has declined Google’s request to stay a lower court’s order that mandates significant changes to its Play Store. This decision comes as Google prepares to appeal a lawsuit ruling filed by Epic Games, the developer of the popular game Fortnite.

—

**Injunction Details**

The injunction was issued last year by US District Judge James Donato. It requires Google to allow users to download rival app stores within the Play Store and make Play Store’s app catalog available to competitors. However, these changes will not take effect until July 2026.

Additionally, the judge ruled that Google must permit developers to include external links in their apps. This would enable users to bypass Google’s billing system.

—

**Background of the Legal Battle**

Epic Games filed the lawsuit against Google in 2020, accusing the tech giant of violating antitrust laws through its restrictive app store policies. Epic won a jury trial in San Francisco in 2023, and the July ruling was subsequently upheld by a federal appeals court.

Google has consistently denied any wrongdoing. The company called Judge Donato’s order unprecedented, warning that implementing the changes could cause reputational harm, introduce safety and security risks, and potentially place Google at a competitive disadvantage.

—

**Google’s Appeal Strategy**

In its Supreme Court filing, Google highlighted that the mandated changes could impact over 100 million US Android users and 500,000 developers. The company intends to file a full appeal with the Supreme Court by October 27, which could lead the justices to take up the case during their current nine-month term.

—

**Epic Games’ Position**

Epic has accused Google of using “flawed security claims” as a pretext to maintain control over Android devices. The developer urges the Supreme Court to let Judge Donato’s injunction take effect, arguing that consumers and developers would benefit from increased competition, more choices, and lower prices.

—

**Appeals Court Ruling**

In July, a three-judge panel from the San Francisco-based 9th US Circuit Court of Appeals upheld the injunction. The panel noted that Epic’s lawsuit was “replete with evidence that Google’s anticompetitive conduct entrenched its dominance” in the app store market.

—

**What’s Next?**

As the legal battle continues, industry observers are closely watching to see how the Supreme Court will handle Google’s full appeal later this month, which could dramatically reshape the Android app ecosystem.

—

*Stay tuned for updates on this developing story.*
https://www.newsbytesapp.com/news/business/supreme-court-rules-against-google-forcing-play-store-policy-overhauls/story

awards, business, entertainment, social media, technology

Instagram introduces ‘Ring’ award to honor top creators globally

Leave a comment

Instagram Introduces ‘Ring’ Award to Honor Top Creators Globally

By Mudit Dube | Oct 07, 2025, 10:57 AM

What’s the story?
Instagram has announced a new awards program called the ‘Ring’, aimed at honoring top creators on its platform. The first batch of 25 winners will be announced next week.

This initiative is part of Instagram’s ongoing effort to recognize and celebrate those who drive cultural change and push boundaries through their creative work.

Judging Panel

The judging panel for the ‘Ring’ award features a distinguished lineup of personalities, including Instagram head Adam Mosseri, acclaimed director Spike Lee, renowned designer Marc Jacobs, popular YouTuber Marques Brownlee, actress Yara Shahidi, and legendary makeup artist Pat McGrath.

Each winner will receive a custom-designed gold ring created by English fashion designer Grace Wales Bonner, along with a digital golden ring displayed on their Instagram profile. Additionally, winners will have the exclusive opportunity to customize a unique “Like” button for their feed posts.

Strategic Shift Amid Payout Program Changes

The launch of the ‘Ring’ award comes as Meta has been scaling back its creator payout programs in recent years. Earlier this year, Meta discontinued a program that compensated creators for ads featured on their profiles.

In 2023, the company stopped paying bonuses to Reels creators on both Instagram and Facebook, and in 2022, it shut down its affiliate marketing bonuses. These moves signal a shift in how Meta supports creators financially.

Challenges Faced by Creators

Creators have faced a declining number of brand deals, with a reported 52% drop in 2024. According to Bank of America, along with fewer sponsored partnerships, competition is intensifying as more paid partnerships become concentrated among a smaller group of top creators.

Despite these challenges, Instagram remains committed to recognizing and celebrating its most creative users, and the ‘Ring’ award symbolizes this dedication.

The Vision Behind the ‘Ring’ Award

Instagram describes the ‘Ring’ award as a celebration of creativity — honoring those who aren’t afraid to take creative risks and forge their own paths. In a company blog post, Instagram said the award is “all about celebrating those who bring people together over their creativity, and deserve recognition.”

https://www.newsbytesapp.com/news/science/instagram-s-new-ring-award-will-honor-top-creators/story

business, internet, judiciary, law, technology

Supreme Court denies Google’s appeal, upholds Play Store reform order

Leave a comment

**Supreme Court Denies Google’s Appeal, Upholds Play Store Reform Order**

*By Mudit Dube | Oct 07, 2025, 10:30 AM*

—

**Overview**

The US Supreme Court has declined Google’s request to stay a lower court’s order mandating major changes to its Play Store. This decision comes as the tech giant prepares to further appeal a ruling in a lawsuit filed by Epic Games, the developer of the popular game Fortnite. The original July ruling was upheld by a federal appeals court.

—

**Details of the Injunction**

The injunction, issued by US District Judge James Donato last year, requires Google to allow users to download rival app stores within its own Play Store ecosystem. Additionally, Google must make the Play Store’s app catalog available to competitors. However, these provisions are not set to take effect until July 2026.

Judge Donato also ruled that Google must permit developers to include external links in their apps. This change will allow users to bypass Google’s billing system, marking a significant shift in Google’s app store policies.

—

**Background of the Legal Battle**

Epic Games filed the lawsuit against Google in 2020, alleging that Google’s restrictive app store rules violated antitrust laws. The company won a jury trial in San Francisco in 2023, a verdict that has since been upheld.

Google denies any wrongdoing. The company has described Judge Donato’s order as unprecedented, warning that it would cause reputational harm, pose safety and security risks, and place Google at a competitive disadvantage if implemented.

—

**Google’s Appeal Strategy**

In its Supreme Court filing, Google emphasized that the mandated changes would have profound implications for over 100 million US Android users and 500,000 developers. The company plans to submit a full appeal to the Supreme Court by October 27, potentially prompting the justices to take up the case during their current nine-month term.

—

**Epic Games’ Position**

Epic Games has accused Google of leveraging “flawed security claims” to justify its control over Android devices. The developer urges the Supreme Court to allow Judge Donato’s injunction to take effect so that consumers and developers can benefit from increased competition, more choices, and lower prices.

—

**Previous Court Rulings**

In July, a three-judge panel of the San Francisco-based 9th US Circuit Court of Appeals upheld the injunction. The panel noted that Epic’s lawsuit contained substantial evidence demonstrating how Google’s anticompetitive conduct entrenched its market dominance.

—

**Conclusion**

The Supreme Court’s refusal to stay the injunction marks a critical moment in the ongoing legal battle over the future of Google’s Play Store. With significant changes set to roll out by mid-2026, the case remains a key point of contention around competition and control in the mobile app market.
https://www.newsbytesapp.com/news/business/supreme-court-rules-against-google-forcing-play-store-policy-overhauls/story

awards, business, entertainment, social media, technology

Instagram introduces ‘Ring’ award to honor top creators globally

Leave a comment

**Instagram Introduces ‘Ring’ Award to Honor Top Creators Globally**
*By Mudit Dube | Oct 07, 2025, 10:57 AM*

—

Instagram has announced a new awards program called the **’Ring’**, aimed at honoring top creators on its platform. The first batch of 25 winners will be awarded next week. This initiative reflects Instagram’s commitment to recognizing and celebrating individuals who drive cultural change and push boundaries through their creative work.

### Judging Panel

The judging panel for the ‘Ring’ award features several notable personalities, including:
– Instagram Head **Adam Mosseri**
– Director **Spike Lee**
– Designer **Marc Jacobs**
– YouTuber **Marques Brownlee**
– Actress **Yara Shahidi**
– Makeup Artist **Pat McGrath**

Each winner will receive a custom-designed gold ring created by English fashion designer **Grace Wales Bonner**, along with a digital golden ring displayed on their Instagram profile. Winners will also have the opportunity to customize a unique “Like” button for their feed posts.

### Strategic Shift in Creator Programs

The launch of the ‘Ring’ award comes amid Meta’s recent scaling back of creator payout programs. Earlier this year, Meta discontinued a program that compensated creators for ads on their profiles. Additionally, in 2023, Meta stopped paying bonuses to Reels creators on Instagram and Facebook and shut down its affiliate marketing bonuses in 2022.

### Challenges Facing Creators

Creators have experienced a 52% drop in brand deals in 2024, reflecting a challenging landscape for monetization. Bank of America noted last year that alongside the decline in sponsored partnerships, competition is intensifying, with more paid partnerships concentrated among top creators.

Despite these challenges and shifts, Instagram remains committed to celebrating its most creative users through this symbolic new awards program.

### Vision Behind the ‘Ring’ Award

Instagram describes the ‘Ring’ award as a way to celebrate those who are unafraid to take creative risks and forge their own paths. In a company blog post, the award is said to be “all about celebrating those who bring people together over their creativity, and deserve recognition.”

—

With the introduction of the ‘Ring’ award, Instagram continues to highlight the importance of creativity and innovation within its creator community, even as monetization models evolve.
https://www.newsbytesapp.com/news/science/instagram-s-new-ring-award-will-honor-top-creators/story

business, internet, judiciary, law, technology

Supreme Court denies Google’s appeal, upholds Play Store reform order

Leave a comment

**Supreme Court Denies Google’s Appeal, Upholds Play Store Reform Order**

*By Mudit Dube | Oct 07, 2025, 10:30 AM*

—

**Overview**

The U.S. Supreme Court has declined Google’s request to stay a lower court’s order that mandates significant changes to its Play Store. This decision comes as Google prepares to appeal a ruling in a lawsuit filed by Epic Games, the developer behind the popular game Fortnite. The injunction, originally issued in July and upheld by a federal appeals court, aims to address alleged antitrust violations by Google.

—

**Details of the Injunction**

The injunction was issued last year by U.S. District Judge James Donato. Under the order, Google is required to allow users to download rival app stores within its own Play Store. Additionally, Google must make its Play Store app catalog available to competitors.

However, these provisions are not set to take effect until July 2026. Judge Donato also ruled that Google must permit developers to include external links within apps, enabling users to bypass Google’s billing system.

—

**Background of the Legal Battle**

Epic Games filed the lawsuit against Google in 2020, accusing the tech giant of violating antitrust laws through its restrictive app store policies. Epic succeeded in a jury trial held in San Francisco in 2023.

Google, meanwhile, has denied any wrongdoing. The company described Judge Donato’s order as unprecedented and warned that it could cause reputational harm, pose safety and security risks, and place Google at a competitive disadvantage if enforced.

—

**Google’s Appeal Strategy**

In its Supreme Court filing, Google emphasized that the mandated changes would impact over 100 million U.S. Android users and 500,000 developers. The company plans to submit a full appeal to the Supreme Court by October 27. This could prompt the justices to consider taking up the case during their nine-month term, which began recently.

—

**Epic Games’ Response and Industry Impact**

Epic Games has accused Google of using “flawed security claims” as a pretext for maintaining strict control over Android devices. The company urges the Supreme Court to allow Judge Donato’s injunction to take effect, arguing that it would foster competition, increase consumer choice, and lower prices.

In July, a three-judge panel from the San Francisco-based 9th U.S. Circuit Court of Appeals upheld the injunction. The panel highlighted that Epic’s lawsuit presented substantial evidence that Google’s anticompetitive conduct has entrenched its dominance in the market.

—

**Conclusion**

The Supreme Court’s refusal to block Judge Donato’s order marks a significant development in the ongoing antitrust battle against Google. As the legal proceedings continue, the case could reshape the landscape of app distribution and billing on Android devices, potentially benefiting both developers and consumers through increased competition and choice.
https://www.newsbytesapp.com/news/business/supreme-court-rules-against-google-forcing-play-store-policy-overhauls/story