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Finance Ministry said to form panel to frame response to the bitcoin issue

Finance Ministry said to form panel to frame response to the bitcoin issue

Finance
NEW DELHI: The Finance Ministry has formed a new panel to frame response on the bitcoin issue, media reports said on Friday. This came after the breakneck rise in the price of the cryptocurrency this year and the Income Tax Department surveying operations at the major e-currency exchanges across the country. The media report further stated that RBI Deputy Governor B P Kanungo and Sebi Chairman Ajay Tyagi were on the panel. I-T secretary was also made part of the committee among other members. The previous panel had suggested shutting down of those exchanges dealing in cryptocurrencies in the country. On a year-to-date basis, the digital currency has advanced over 1,600 per cent to $ 17,040 on December 15 against $ 1,000 in January this year. The Income Tax Department earlier this wee...
South Korea defense ministry: THAAD won't hurt environment

South Korea defense ministry: THAAD won't hurt environment

World
Aug. 12 (UPI) -- The Ministry of Defense said Saturday the advanced U.S. missile defense system deployed in a southern town won't cause any adverse effects to the local environment.Earlier in the day, the defense and environment ministries conducted their joint environmental survey of electromagnetic radiation and noise from the Terminal High Altitude Area Defense system in Seongju, southeast of Seoul.Two rocket launchers and a powerful X-band radar are operational at the new U.S. Forces Korea base, formerly a private golf course.The defense ministry said the radiation level at a spot 100 meters from the radar was measured at 0.01659 watt per square meter on average during a six-minute test. From 500 meters away, it was 0.004136 W/㎡. At 700 meters from the radar, the radiation level was 0.