Category: Economics

Bitcoin is a cryptocurrency whereby the creation and transfer of bitcoins is facilitated by an open-source peer-to-peer cryptographic protocol that functions without the intermediation of any central authority 0

Virtual Currency To India: Bitcoin Alliance India

With the Enforcement Directorate and the I-T Department turning their attention to digital currencies such as Bitcoin, the virtual currency community has taken the first step towards forming a trade and lobbying association that will attempt to be the “voice of Bitcoin in India”. Called the Bitcoin Alliance India (BAI), which takes after the Bitcoin...

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The Chopper deal that is Chopped off

India on Wednesday cancelled the Rs. 3,726-crore, scam-ridden VVIP chopper contract with UK’s AgustaWestland International Limited (AWIL) to buy Helicopter on the grounds of breach of pre-contract integrity pact (PCIP). The scrapping of the deal came 10 months after two top level executives of AgustaWestland, a unit of Italian defence contractor Finmeccanica had allegedly paid...