The Institute of Economic Affairs describes itself as a "free-market think-tank" dedicated to "analysing and expounding the role of markets in solving economic and social problems". It has been described by others as right-wing or neoliberal. It is based in Westminster, London.
Former Finance Minister P. Chidambaram on Wednesday moved the Delhi High Court seeking bail and challenging a lower court's order sending him to judicial custody saying the case against him was "political vendetta" as the charges against him do not even make an economic offence nor was there any loss to the exchequer nor was it a bank fraud.
Banning cryptocurrencies in India is not the solution as this would inhibit new applications and solutions from being deployed and would discourage tech startups, the IT industry's apex body Nasscom said on Tuesday.
Former Finance Secretary Subhash Chandra Garg, a 1983 batch IAS officer and the senior-most in the service, on Thursday applied for voluntary retirement from service after being shifted out of the Finance Ministry to the Power Ministry.
An inter-ministerial committee has recommended banning cryptocurrencies in India along with imposition of fines and penalties on activities linked with private virtual currencies in the country.