Actor Rajinikanth defends Govt on CAA, says it won't affect Indian Muslims

New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.

Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.

The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.

The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.

Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.

The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.

IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).

The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".

Washington, Mar 10: British adventurer Bear Grylls on Monday shared the power-packed trailer of `Into The Wild` episode featuring South Indian superstar Rajinikanth.

The video captures Rajinikanth driving through the forests of Bandipur in Karnataka, where the episode has been filmed. The 45-year-old adventurer shared the daredevil video on Twitter featuring Rajinikanth amid the woods and in the background, Grylls is heard saying "He`s faced a lot of fears, but he never gives up. He`s relentlessly positive."

He captioned the post on Twitter and wrote: "Superstar @Rajinikanth`s relentless positivity and never giving up spirit was so visible in the wild as he embraced every challenge thrown at him. Respect! Watch Into The Wild with @BearGryllson March 23 at 8:00 pm. @DiscoveryIN#ThalaivaOnDiscovery."

The video shows the Padma Bhushan actor and Grylls climbing hills and wading through gorges and ravine. The duo is seen driving through the Deccan forest. Amid the video, Grylls is seen addressing Rajinikanth as a "superhero." The actor is seen pulling off his signature `sunglass` move.

Earlier in February, the adventure show host shared an intriguing motion poster marking superstar Rajinikanth`s blockbuster TV debut in Discovery`s `Into the Wild`. Grylls also shared that it was a special experience for him to work with the Rajinikanth.

In January, Rajinikanth suffered minor injuries while shooting for the special episode of `Man vs Wild` Bandipur forest in Karnataka.

After Prime Minister Narendra Modi, Rajinikanth becomes the second Indian personality to be featured on Grylls` survival show.

The episode with Prime Minister Modi was aired last year in August and became quite an attraction among viewers.

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.