India
RBI’s Current Digital Rupee Will Track Every Transaction, Aiding in the Fight Against Black Money
A top finance ministry official told ANI on Friday that the proposed digital rupee, which will be issued by the Reserve Bank of India (RBI) from the next financial year, will not only enhance the digital economy but also assist fight the menace of black money. He also stated that the RBI will have a complete record of all digital transactions involving the new currency.
“If you buy anything from a shopkeeper and pay with digital money, that digital money is used by the shopkeeper to pay his seller, RBI will have all the data of the transaction done with the digital rupee,” says an RBI official. He claims that if the RBI has a record of every digital transaction, evading taxes will be tough.
There is a provision for ‘tax evasion deterrence.’
In her Budget speech, Finance Minister Nirmala Sitharaman unveiled the Central Bank Digital Currency (CBDC), claiming that it will increase the country’s digital economy significantly. She went on to say that digital currency will lead to a more efficient and cost-effective currency management system. To combat black money, Sitharaman unveiled a new provision in the Union Budget 2022-23 called “Deterrence against tax avoidance.”
She expressed herself as follows: “There is now some confusion surrounding the set-off of brought forward loss against undeclared revenue discovered during search activities. When unreported income or sales suppression, for example, is discovered, it has been shown that tax payment is avoided by writing off losses. To establish certainty and create deterrence among tax evaders, I suggest allowing no set-off against unreported income discovered during search and survey activities.”
JB Mohapatra, Chairman of the Central Board of Direct Taxes (CBDT), explained the new law: “As part of the finance bill, a new clause called 79A was added. This is primarily to prevent people from reporting unreported income. This denial of set-off for brought-forward losses will benefit people who deserve to be taxed on concealed income that they had not declared previously.”
Latest News
Over 1,200 Residents Screened in NMMC’s Latest Cancer Awareness Drive
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.
Latest News
Nerul Women Gather for Vibrant Nag Panchami Festivities
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.
Latest News
Navi Mumbai Gets New High-Tech Hospital with a Heart
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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