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RBI bans Bitcoin and other virtual currencies, investors concerned for tax dues

RBI bans Bitcoin and other virtual currencies, investors concerned for tax dues

Finance
MUMBAI: A day after the Reserve Bank of India (RBI) barred banks from dealing in cryptocurrencies, investors rushed to square off positions and sought advice on how much tax they should pay on returns made in FY18 and if they can do so before the July-end deadline. The worry is that they may be left holding the virtual currency if they don’t sell it now and transfer the money into their bank accounts. They also fear a crackdown by tax authorities and other government agencies, experts said. Bitcoin exchanges such as Zebpay and CoinSecure saw a spike in transaction volumes of about 40%, with about 90% of that being on the sell side, sources said. Respondong to an email query, a spokesperson for CoinSecure said, “Yes, there has been some amount of panic selling. We’ve seen a 4x increase in o
U.S. experts concerned about efficacy of flu vaccine this year

U.S. experts concerned about efficacy of flu vaccine this year

Health
Dec. 1 (UPI) -- Health officials are looking to the Southern Hemisphere for clues as to what this year's flu season might look like -- hint: it's not good.Researchers from the National Institutes of Health and World Health Organization met in Australia this week to discuss the challenges of producing an effective flu vaccine.As summer approaches, the flu season is winding down in Australia and the rest of the Southern Hemisphere. But in the United States, flu season is beginning to kick into gear.A new study shows Australia experienced an increase in influenza-related hospitalizations and deaths over the winter compared to last year. The research, published in the New England Journal of Medicine, suggests the vaccine in Australia had a success rate of just 10 percent.Officials in the Unite...
Austrian voters concerned about immigration, Islam

Austrian voters concerned about immigration, Islam

World
Wrapping up a bruising political campaign season, Austrian political parties were counting down to an election Sunday that could turn the country to the right amid voter concerns over immigration and Islam. The vote is coming a year ahead of schedule after squabbles led to the breakup last spring of the coalition government of the Social Democrats and the People's Party. A total of 16 parties are vying for 183 seats in the national parliament and will be chosen by Austria's 6.4 million eligible voters. But less than a dozen parties have a chance of getting seats. The People's Party, which has shifted from centrist to right-wing positions, is leading in the pre-vote polls after an image make-over by its leader, 31-year-old Sebastian Kurz. Austria's traditionally right-wing, anti-migrant Fr...