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30% tax on cryptocurrency: All you need to know

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In a major move, the finance minister Nirmala Sitharaman on Tuesday announced a 30 percent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed.

The gifts are to be taxed on the hands of the recipient, she said, adding that there will also be a 1 percent tax deducted at source (TDS) on the payments made for the transfer of digital assets. It was also announced that any loss made on the transaction of such digital assets cannot be set off against any other gain.

“Any income from virtual digital assets is taxable at 30 percent,” the finance minister said while presenting the federal budget. “There will be no deduction with exception of the cost of acquisition. The TDS is applicable beyond a specified monetary threshold, and the gift of virtual currencies is taxable in the hands of the recipient.”

In her Union Budget 2022 announcement, finance minister Nirmala Sitharaman also said that the country’s central bank, the Reserve Bank of India (RBI), will introduce a digital currency in the next financial year using blockchain and other supporting technology.

“Introduction of a central bank digital currency will give a big boost to the digital economy,” Nirmala Sitharaman said on Tuesday while presenting the federal budget. “Digital currency will also lead to a more efficient and cheaper currency management system.”

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Over 1,200 Residents Screened in NMMC’s Latest Cancer Awareness Drive

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Navi Mumbai Civic Body Bridges the Healthcare Gap with Free Screenings and Follow-up Care Across Local Centers.

The Drive

In a major boost to public health, 1,292 citizens were screened during a free cancer detection drive conducted across various health centers by the Navi Mumbai Municipal Corporation (NMMC).

The initiative focused on early detection for common cancers including oral, breast, and cervical cancers giving local residents access to crucial preventive care close to home. Medical teams set up diagnostic stations at Urban Primary Health Centers (UPHCs) to ensure seamless access, particularly for working-class and middle-income families.

Beyond basic checkups, civic health teams provided guidance on early warning signs, lifestyle risks, and the importance of routine health monitoring. Citizens identified with potential symptoms received direct referrals to municipal hospitals for further testing and subsidized follow-up treatment.

Community health drives play an essential role in saving lives by catching illnesses before they progress. By making preventive care accessible to all, NMMC continues to strengthen healthcare infrastructure across the city.

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Nerul Women Gather for Vibrant Nag Panchami Festivities

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Community comes together in Kukshet Village to honor Maharashtrian heritage with folk games, music, and local camaraderie.

Celebrating Tradition

Highlighting the rich cultural fabric of the region, women across Nerul gathered at the Shri Vitthal Rukmini Temple in Kukshet Village to celebrate Nag Panchami. Organized under the guidance of former Mayor Sujata Patil and local representative Suraj Patil, the annual festival brought Ward No. 23 alive with traditional music, energetic games, and community spirit.

The temple courtyard transformed into a vibrant hub of Maharashtrian heritage as over 100 local women participated in age-old folk traditions that are increasingly rare in modern urban life. Attendees filled the air with traditional Nag Panchami and Mangalagaur songs while joining hands for lively rounds of Zimma and Phugdi. The day featured classic games including Kombda, Katwatkhana, blowing into copper pots (Kalshi Phunkne), and dancing with decorated earthen pots.

Beyond the cultural performances, the gathering highlighted strong neighborhood ties. Local residents expressed deep appreciation for the safe, supportive environment fostered in the area, noting that community initiatives like these strengthen mutual trust and preserve local culture for younger generations. With smiling faces, traditional rhythms, and shared prayers for prosperity, this year’s Nag Panchami reaffirmed the power of community traditions in keeping local heritage vibrant and strong.

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Navi Mumbai Gets New High-Tech Hospital with a Heart

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Meta Multispeciality Hospital in Ghansoli opens with free care for newborn baby girls and elderly citizens.

The Hospital

Access to quality healthcare just got a major boost for local families. Meta Multispeciality Hospital officially opened its doors in Ghansoli Sector 4, promising state-of-the-art medical technology alongside a deeply human approach to community care.

The facility was inaugurated by Forest Minister and Palghar Guardian Minister Ganesh Naik, who toured the premises to inspect its emergency wards, OPD facilities, and advanced diagnostic machinery. Speaking to attendees, Naik praised the hospital’s leadership for prioritizing affordable, high-quality treatment for middle-class households.

What sets the hospital apart, however, is its landmark social welfare initiative announced during the opening by community leader Sagar Chougule and hospital administrator Dr. Swarna Shelke:

  • Free Maternity Care for Girl Child Deliveries: To celebrate and encourage the birth of female children, the hospital will waive all delivery charges for mothers giving birth to baby girls.
  • Free OPD Services for Seniors: Outpatient consultations will be entirely free for senior citizens aged 65 and above.

“Healthcare shouldn’t feel like an unbearable financial burden,” said Dr. Shelke. “Our primary goal is to bring modern medical infrastructure within reach of every everyday citizen.”

With monsoon-related illnesses on the rise, the team also plans to host free community health camps to catch seasonal infections early. By blending modern medicine with genuine community compassion, the new hospital aims to build a healthier, safer Navi Mumbai.

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