Wednesday, 8 February 2017

India Assaults Cash Again, 100% Fine For Cash Use Will Boost Bitcoin Price

The Indian finance minister Arun Jaitley presented the Union Budget to the parliament, India’s most important financial event expected with hopes and worries.  The budget was supposed to help an ailing economy hit hard by the demonetization of 86 percent of the currency in circulation on Nov. 8, 2016.  The government proposes to cut taxes for the people in the lowest income tax slab to five percent from the current 10 percent.   The government is also planning a massive penalty on cash use come April 2017.  An exercise in populism  Indian media outlets had been predicting a populist budget after the Indian president Pranab Mukherjee made a speech to open the budget session of the Parliament. The president had mentioned in his speech that at the core of his government’s policies are the welfare of the poor, the low castes, suffering populace, exploited, the left behind, farmers, workers and the youth.  The expectations of the media and the people turned out to be correct as Jaitley cut taxes on the people in the lowest of India’s three income tax slabs.  The Indian Express newspaper reported,  “In a major step, Jaitley announced the reduction of the existing rate of taxation for individuals with income ranging between Rs 2.5 lakh to Rs 5 lakh to five percent instead of 10 percent. There will be a surcharge of 10 percent for those whose annual income is Rs 50 lakh to Rs 1 crore. Additionally, the 15 percent surcharge on Rs 1 crore or more remains unchanged. This is to make up for Rs 15,000 crore loss due to the cut in the personal income tax rate.”  Rs. 1 Lakh equals One hundred Thousand, while 1 crore equals 10 mln.  Fiscal numbers unrealistic  According to Reuters, India’s fiscal deficit in the first nine months to December 2016 was Rs. 5.01 tln or $ 73.87 bln.


It has reached nearly 94 percent of the budgeted target for the financial year ending March 2017. While the finance minister vowed to keep the deficit at 3.2 percent of GDP, the numbers seemed unrealistic. Varun Khandelwal, Managing Director, Bullero Capital, Delhi told Firstpost,

"The fiscal deficit bit does not seem very credible. Jaitley is leaving room to exceed it at a later time. I think people will question the fiscal math over the next few days."

It is estimated that only 1 percent of Indians pay any income tax. The reduction of personal income tax may prompt more individuals to start paying taxes and can also put more disposable income in the hands of the ones that already do.

However broadening the tax base is only possible if the government is efficient at tax collection. In this respect, the finance minister has introduced a 100 percent penalty on cash payments over Rs. 300,000, around $4,500,  by any individual or business starting April 1, 2017. This is being done to deter cash transactions.

The finance minister’s assault on cash continues and India is determined to reign in cash transactions which account for 68 percent of all transactions in the country according to a CLSA report quoted by Business Standard.


If India is serious about going cashless, then Blockchain technology will have a serious role to play.

India can use e-wallets and digital payment systems based on the Blockchain.

The Institute for Development and Research in Banking Technology (IDBRT), which is the research body of the Indian Central Bank the RBI have already published a white paper called Applications of Blockchain Technology to Banking and Financial Sector in India which has explored the idea of a central bank based digital currency.

While the government has been pushing for a cashless India, the effects have led to considerable anxiety in a class of Indians and Bitcoin price in India has soared.

Indian exchanges have been enjoying a premium on Bitcoin prices. At the time of writing of this article, 1 BTC fetched $965.25 on Poloniex while on ZebPay an Indian Bitcoin exchange 1 BTC was worth Rs. 68,301 or $1011.34! It would be interesting to see the effects of further restrictions on cash by the government in April on Bitcoin prices.

Will Indians move their transactions to a currency which can’t be tracked easily by the tax authorities? Only time will tell.




Thursday, 2 February 2017

How To Make 500$ Monthly with a Legit Paying Site MyFreeShare

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Saturday, 28 January 2017

how to earn btc in a month



About: "Unocoin is a Simple, Safe and Secure Way of Buying, Selling and Storing Bitcoins in India. Buying and selling happens through bank transfers via NEFT IMPS RTGS Cheque."

Use Promo code- "UNO200" ,For getting 200 Rs Free BTC.


Here I'm back with another New, Hot, Mouth watering Bitcoin offer for Indians.
The website or app which is giving free bitcoins is "UNO coin", a rival of very popular "ZebPay". So how to get free coins worth Rs.200 (i.e 300000 satoshis or 0.00300000btc)?
Follow the steps below :- .
1. First go to UNO coin website

2. Click on Sign up or Register

3. Fill with Email id and Password

4. Next you see 
"Have a promo code?"

5. Click on that. A box appear

6. Write the promo code 
UNO200 in it

7. Fill the ReCaptcha

8. Hit the Submit button

9. Verify your mail


10. Accept T&C
That's it. Now login and you see your desired bitcoin balance.
N.B - You have to verify your account to use those coins so give only genuine information



After Getting Verified from Unocoin You Can Use these free Bitcoin.on Freebitco.in


After Registering on  Freebitco.in Go To Multiply Btc

Then go to the auto bet and set base bet to 1 satoshi

set no. of roll to 100000000.

set bet odds to 3

set bet on to hi.

stop on profit to 30000

set on loss increase bet by 120%

set on profit return to the base bet

check on randomize client seed and do not refresh

start auto bet.

stop after 150-200 bet.

note:- Use this technique to increase your bitcoins fast. It involves risk and you may lose also but it is worth to take risk to get  a lottery price of 2.5 btc every week.




Tuesday, 24 January 2017

HOW TO MAKE 1 BTC IN A HOUR








Free 250$ Every hour

First  Register at  freebitco.in.

First you need a bitcoin address. if you don't have it create the one from below site





1.xapo



2.cryptonator


Advertise with Anonymous Ads

3.blockchain.info




This is simple and easy step that will give you 0.1mbtc every hour 0.1mbtc=10000satoshi (0.0001 bitcoin) every hour, and this means you will be getting close to a bitcoin monthly through this method.


It is does not consume time. Just set and forget while you keep on raking in cool satoshi.


Requirements: good internet connection, a good computer system, uninterrupted power supply, and a few satoshi to start with.


Your bitcoin wallet is going to grow tremendously with this method.

You are not going to invest in any hyip or program. It involves playing the game on freebitco.in


You will win win and win.







First Register at freebitco.in .

Then you play freeroll until you get 15000 to 20000 satoshi

Then go to the auto bet and set base bet to 1 satoshi

set no. of roll to 100000000.

set bet odds to 3

set bet on to hi.

stop on profit to 4096

set on loss increase bet by 120%

set on profit return to the base bet

check on randomize client seed and do not refresh

start auto bet.

stop after 150-200 bet.

then again try this after 1 hour or remove cache and cookie from your computer.




For more Tips and Trick on Earning Bitcoin Follow by Email