Sanjith Rao

India's central bank, the Reserve Bank of India on 5th April, 2018 announced that all regulated entities such as banks will not be allowed to deal with cryptocurrencies (Virtual Currencies as they call them). Banks have been told to wind up all transactions with cryptocurrency exchanges within three months. Within minutes of this announcement, Bitcoin slumped 27%. Global markets attributed the fall in price to RBI's decision as India has a pretty large cryptocurrency investor market. However, RBI's decision is outdated and virtually has no effect on investors and exchanges. Source A few months ago, couple of banks like HDFC bank had voluntarily  withdrawn from dealing with cryptocurrency exchanges. I know this as a fact as when I started investing, I initially tried to deposit money on a cryptocurrency exchange using HDFC bank as I generally used their services, but due to them pulling out, I was forced to look at other options. This was around September, 2017. Duri

 Prime Minister Narendra Modi had launched a popular scheme known as Digital India on 1st July, 2015, a year into his term. It was started with the intention to improve digital infrastructure, deliver government services and universal digital literacy. Mr. Modi envisioned that in the near future almost everybody in India would possess a smart phone and could use it to seek redress. His thoughts were not wrong. Almost everyone possesses a minimum of one smart phone with an Internet Connection (thank you Jio!). As usual, when the scheme was launched, everyone praised it. BJP Bhakts believed that Modi was transforming India and bringing it at par with technologically and administratively advanced countries like Singapore. However, almost three years later how is this program faring? Source While on the face of it, a common man may think that Digital India is a success, and they are not wrong. However, as most Government projects are, this one too is only superficially successful.