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<keyword id="19916336" type="General" weightage="100" keywordseo="Shashi-Tharoor" source="keywords">Shashi Tharoor</keyword>, who is eyeing a fourth consecutive win from the Thiruvananthapuram Lok Sabha seat, has declared assets of over Rs 55 crore in his nomination papers. The sitting Congress MP from Thiruvananthapuram also declared a total income of over Rs 4.32 crore in the financial year 2022-2023. Giving details of his assets and liabilities in the affidavit filed along with his nomination papers, <keyword id="20304436" type="General" weightage="20" keywordseo="tharoor" source="keywords">Tharoor</keyword> said he has immovable assets of over Rs 49 crore that includes deposits of varying amounts in 19 bank accounts and investments in various bonds, debentures, mutual funds, among others, he has said in his affidavit. His movable assets also include 534 grams of gold worth Rs 32 lakh and Rs 36,000 as cash in hand, according to his affidavit. His immovable assets are worth over Rs 6.75 crore which includes an inherited one-fourth share, now worth Rs 1.56 lakh, in a 2.51 acre agricultural land in Palakkad, a self acquired 10.47 acre land in Thiruvananthapuram that is presently worth over Rs 6.20 crore and his residence in the state capital that is valued now at around Rs 52 lakh. The Congress MP owns two cars, a Maruti Ciaz and a Maruti XL6, the affidavit said. Tharoor, who has a PhD in Law and Diplomacy from Fletcher School of Law and Diplomacy (Tufts University, USA) and a Doctor of Letters in International Affairs (Honorary) from University of Puget Sound, USA, is named as an accused in nine cases across the country. Most of the FIRs against him are for allegedly promoting enmity between different groups and one case in Kerala is for unlawful assembly and rioting. He is also facing four court cases of which two are for defamation -- one each in Kerala and Delhi -- and one is in Kolkata for allegedly promoting enmity between different groups, the affidavit said. In 2014, Tharoor had declared assets of over Rs 23 crore and in 2019, over Rs 35 crore.

Shashi Tharoor declares assets worth Rs 55 crore in his nomination papers, income of over Rs 4.32 crore in FY 2022-23

<ul><li>Indian Minister Pankaj Chaudhary told the Parliament that when it comes to crypto scams and frauds, India’s existing laws like the <keyword id="75223" type="ORGANIZATION" weightage="20" keywordseo="Indian-Penal-Code">Indian Penal Code</keyword> are equipped to handle the fallout.</li><li>The Indian government is yet to form a policy addressing the use of cryptocurrencies in the country.</li><li>In the meantime, the popularity of digital coins has been increasing, along with scams and frauds promising investors ‘get rich quick’ schemes.</li></ul>The status of <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword> may be uncertain in India but the Indian Penal Code (IPC) and other laws are equipped to handle scams and frauds, according to Uttar Pradesh’s Minister of Finance, Pankaj Chaudhary. In response to a query in the lower house of Parliament by Member of Parliament Shashi Tharoor, Chaudhary replied, “Depending on the nature of the fraud, various laws including the Indian Penal Code 1860, are in place of protection against fraud.” The number of scams and frauds related to Bitcoin and other cryptocurrencies have increased over the last couple of years in India, mostly due to the rising popularity of trading in digital money, which offers the allure of multiplying your money. <cmsannotation type="cmsannotation" annotationid="Rising crypto scams in India" comment="subhead" text="Rising crypto scams in India">Rising crypto scams in India</cmsannotation> According to <a href="https://www.ndtv.com/india-news/enforcement-directorate-arrests-cryptocurrency-trader-in-chinese-online-betting-scam-case-2337549">CoinTelegraph</a>, Indian investors lost almost $500 million to scams being operated in India and abroad. And, scammers are getting smarter than ever to acquire other people’s cryptocurrency. Last year, Naisar Kothari — a resident of Bhavnagar in the state of Gujarat — was arrested under the Prevention of Money Laundering Act (<a href="https://www.ndtv.com/india-news/enforcement-directorate-arrests-cryptocurrency-trader-in-chinese-online-betting-scam-case-2337549">PMLA</a>). According to the Enforcement Directorate (ED), Kothari helped companies buy cryptocurrencies, transfer the amounts into wallets on foreign exchanges. The money was then used to illegally run online betting apps on websites. Since online betting is illegal in the country, these websites were hosted from outside india — in some cases, the operators were Chinese nationals, as per the ED. "It was found that Kothari had knowingly and actively involved himself in layering the proceeds of crime and hence he was arrested...," said the statement. In another instance, three companies based out of Bengaluru are being investigated for launching a fake initial coin offering (ICO) for a token called <a href="https://coingeek.com/morris-coin-founder-arrested-in-india-over-alleged-digital-currency-scam/">Morris Coin</a>. According to the authorities, they duped 11 lakh people to invest ₹15,000 each in Morris Coin. Nishad, a 36-year old man who is the CEO of all three companies, was arrested by the Malappuram police in Kerala under the Prize Chits and Money Circulation Schemes (Banning) Act in September 2020. <cmsannotation type="cmsannotation" annotationid="The Indian government is in the dark about crypto activity in the country" comment="subhead" text="The Indian government is in the dark about crypto activity in the country">The Indian government is in the dark about crypto activity in the country</cmsannotation> Chaudhary also reiterated the stance of Indian Finance Minister, <a href="https://www.businessinsider.in/cryptocurrency/news/the-indian-government-has-no-data-on-how-many-crypto-exchanges-and-investors-working-on-cryptocurrency/articleshow/84821709.cms">Nirmala Sitharaman</a>, by telling the parliament that the authorities currently do not have any data on the status of crypto trading in India. <div type="ExtQuote" text="This information [status of cryptocurrency trading in India] is not collected by the government." auname="Response by Minister of State for the Ministry of Finance, Pankaj Chaudhary in Lok Sabha, India’s lower house of Parliament"></div> The country’s crypto bill, which was expected first during the Budget Session of Parliament in February and again during the ongoing Monsoon Session of Parliament, is still pending approval from the cabinet. According to IndiaTech.org CEO Rameesh Kailasam, the government may be softening its stance against cryptocurrencies in the country. “The government seems to be still in the process of determining the way forward, which may through either an existing committee or a new one with industry consultation where required,” he told Business Insider in an <a href="https://www.businessinsider.in/cryptocurrency/news/indias-crypto-bill-is-unlikely-to-be-up-for-discussion-this-month-and-it-may-be-a-while-before-we-see-it-in-parliament/articleshow/84401863.cms?utm_source=google_newsstand&amp;utm_medium=google_rssfeed&amp;utm_campaign=news_referral">earlier interview</a>. But for now, the regulators seem to be undecided. “The [Indian] government does not consider cryptocurrencies legal tender or coin, and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities or as part of the payment system,” said Chaudhary. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/cambodia-is-leading-the-race-to-launch-a-centralised-cryptocurrency/articleshow/85065661.cms">Cambodia doesn’t want to depend on the dollar anymore — and its centralised cryptocurrency already has 5.9 million users</a> <a href="https://www.businessinsider.in/cryptocurrency/news/google-is-allowing-crypto-ads-again/articleshow/85033865.cms">Google is bringing back crypto ads — but is leaving a lot of crypto companies out of the loop</a> <a href="https://www.businessinsider.in/cryptocurrency/news/crypto-billionaire-monero-developer-fluffypony-riccardo-spagni-arrested-for-cookie-fraud/articleshow/85007386.cms">Monero’s ‘Fluffypony’ joins Ross Ulbricht and Arthur Hayes behind bars — but for a non-crypto crime</a>

Indian Penal Code and other laws have provision to protect investors against cryptocurrency fraud, according to Indian Finance Ministry official

<ul class="summary-list"><li>Indian and Chinese troops came to blows last month in a disputed area along their mutual border in what was the deadliest such clash in more than 40 years.</li><li>The disputed northern border has been a source of tension for decades and will remain so, but growing rifts between <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword> and <keyword id="1334" type="COUNTRY" weightage="60" keywordseo="China">China</keyword> mean the <keyword id="12350" type="ENTERTAINMENT" weightage="60" keywordseo="Indian-Ocean">Indian Ocean</keyword> will likely grow as an area of competition as well.</li></ul>Clashes in June between India and China high in the western Himalayas saw <a href="https://www.businessinsider.com/amid-border-dispute-tensions-how-china-and-india-militaries-compare-2020-6" target="_blank" rel="noopener">the first deadly encounter</a> between their forces there in four decades. Both sides appear to be disengaging, and India's northern border, parts of which are in dispute with Pakistan and China, will remain a point of focus for its military.But India's southern maritime approaches, where increasing Chinese naval activity was already a concern, may gain even more attention from New Delhi in the wake of those clashes."On the military side, I think we have to stay on guard. The situation is very fragile, even tenuous," former Indian Foreign Secretary Nirupama Rao, also former Indian ambassador to China and the US, said at an <a href="https://asiasociety.org/policy-institute/events/webcast-crossing-precipice-india-china-border-clash" target="_blank" rel="noopener">Asia Society Policy Institute event</a> this week."Diplomatically, [India has to] keep our channels open with China, but at the same time, obviously, seek possibilities of closer convergence with friends and partners in the Indo-Pacific."China is "clearly seeking to improve strategic advantage for itself through naval outreach and construction of ports and facilities," in that region, Rao added. "We know that, and all these [facilities] have clear military potential. So we need to leverage our assets, in the Indian Ocean region particularly, better."<h2>Wary of China's active navy</h2><div type="image" title="India navy ship vessel Philippines" height="3262" width="4919" msid="76902499" hostid="261"></div>Like other countries, India has watched Chinese activity in the Indian Ocean warily, especially since a 2014 visit by Chinese submarines to Sri Lanka, where <a href="https://www.businessinsider.com/indias-concern-with-beijing-expansion-grows-with-sri-lanka-port-deal-2017-8" target="_blank" rel="noopener">Beijing's growing influence</a> has concerned India and others.India's navy said in 2015 that it overlooks "strategic sea lanes" that link the country's "security and prosperity inextricably to the seas." The recent reorientation <a href="https://www.businessinsider.com/amid-simmering-tension-with-china-india-is-increasing-naval-strength-2017-11" target="_blank" rel="noopener">has been called</a> "a tectonic shift in India's security calculus."India has long sought to retain independence in <keyword id="6356001" type="UNKNOWN" weightage="60" keywordseo="international">international</keyword> affairs, but increasingly contentious relations with China have affected that thinking.A <a href="https://www.businessinsider.com/tensions-between-china-and-india-continue-year-after-doklam-standoff-2018-8" target="_blank" rel="noopener">73-day standoff</a> between China and India in Doklam, a disputed area in the eastern Himalayas, in summer 2017 "clarified for India that signing, for example, some information-sharing agreements with the US could actually benefit India," Tanvi Madan, an expert on India at the Brookings Institution, said <a href="https://www.newstatesman.com/world/2020/06/podcast-india-china-us-triangle" target="_blank" rel="noopener">on a recent episode</a> of the New Statesman's World Review podcast."India during Doklam saw the benefits of some of the capabilities that it had acquired from the US — the P-8I maritime surveillance aircraft, which flew right up to the India-China boundary for reconnaissance during that [standoff]," Madan said. "So you see then a decision, for example, to buy more of those."<div type="image" title="India navy Boeing P-8I Neptune anti-submarine maritime aircraft" height="521" width="1000" msid="76902501" hostid="261"></div>Since Doklam, those <a href="https://www.businessinsider.com/india-china-more-us-made-sub-hunting-planes-2018-1" target="_blank" rel="noopener">P-8I aircraft</a> have been more active in the Indian Ocean, where the Indian navy <a href="https://www.aspistrategist.org.au/will-the-india-china-border-conflict-lead-to-a-naval-war/" target="_blank" rel="noopener">is working</a> to increase its capabilities and to keep an eye on Chinese warships.Indian officials have previously announced <a href="https://www.businessinsider.com/india-is-beefing-up-its-navy-to-counter-chinas-powerful-fleet-2018-12" target="_blank" rel="noopener">intentions to dramatically expand</a> its navy, and this month, New Delhi said it would buy <a href="https://www.defensenews.com/global/asia-pacific/2020/07/06/india-accelerates-weapons-purchases-in-wake-of-border-clash-with-china/" target="_blank" rel="noopener">$5.5 billion</a> in weaponry. Much of it is for the army and air force, reflecting continued emphasis on the land border, but navy projects include spare parts for Kilo-class submarines and other Russian-built warships.In the wake of Doklam, India also signed <a href="https://www.businessinsider.com/r-india-boosts-maritime-reach-with-seychelles-pact-to-build-naval-facilities-2018-1" target="_blank" rel="noopener">a 20-year pact</a> with the Seychelles to build naval infrastructure there. In late 2018, India and the US signed a communications agreement <a href="https://www.businessinsider.com/us-india-comcasa-deal-improves-ability-to-communicate-and-track-subs-2018-9" target="_blank" rel="noopener">allowing closer coordination</a> of military operations such as <a href="https://www.businessinsider.com/the-us-and-india-practiced-hunting-subs-in-the-indian-ocean-2019-4" target="_blank" rel="noopener">tracking subs</a>.India has been <a href="https://www.deccanherald.com/national/india-japan-to-ink-pact-to-share-military-logistics-781355.html" target="_blank" rel="noopener">in talks</a> with Japan on a military mutual logistics support deal, which New Delhi already <a href="https://www.aljazeera.com/news/2020/06/india-australia-sign-deal-military-bases-200604083007978.html" target="_blank" rel="noopener">agreed to</a> with Australia and <a href="https://www.thehindu.com/news/national/lemoa-already-fully-operational/article24904359.ece" target="_blank" rel="noopener">with the US</a>."India's maritime enthusiasm and the Indo-Pacific approach is fairly recent. Many of these partnerships and engagements are foundational, but due to the absence of an active maritime-focused policies in the last decades, these agreements/partnerships are important," Darshana​ Baruah, an expert on the Indian Ocean at the Carnegie Endowment for International Peace, said in an email.<h2>Using maritime leverage</h2><div type="image" title="India runway Port Blair Andaman Nicobar Islands" height="903" width="1400" msid="76902503" hostid="261"></div>The weeks since the clashes in Ladakh have seen more calls for India to put that navy to use.At the end of June, Sujan Chinoy, a former Indian diplomat, <a href="https://idsa.in/policybrief/strategic-potential-andaman-nicobar-sujanchinoy-260620" target="_blank" rel="noopener">recommended</a> "opening up" the <a href="https://www.businessinsider.com/r-india-navy-set-to-open-third-base-in-strategic-islands-to-counter-china-2019-1" target="_blank" rel="noopener">Andaman and Nicobar Islands</a> in the Bay of Bengal to "friendly navies," incluing the US, Japan, and Australia, "to promote greater naval cooperation."India's chief of naval staff, Adm. Karambir Singh, <a href="https://www.thequint.com/voices/opinion/india-china-geostrategy-indian-ocean-region-strait-of-malacca-indian-and-chinese-navy" target="_blank" rel="noopener">has said</a> the navy told the government it could act in the Malacca Straits, which connect the Indian and Pacific oceans, in response to tension on the northern border. And this month, a former chief of naval staff, retired Adm. Arun Prakash, <a href="https://www.thequint.com/voices/opinion/india-china-navy-maritime-strategy-conflict-indian-ocean-south-china-sea-trade-choke-points" target="_blank" rel="noopener">suggested</a> using that "maritime leverage" to add "weight to India's negotiating position."India has also engaged more with partners, which it has been historically cautious about doing. In June, India <a href="https://www.thehindu.com/news/national/india-to-take-a-call-on-australias-inclusion-in-malabar-exercises-with-japan-us/article32034664.ece" target="_blank" rel="noopener">said it was open</a> to Australia joining this year's Malabar naval exercises as an observer, something New Delhi has hesitated to do for years.Recent tensions "will likely underscore to strategists in New Delhi and Beijing that they should be prepared for sustained competition across domains, and that India cannot take for granted its partnerships in the region," Joshua White, a professor of South Asia Studies at Johns Hopkins University, said in an email.<div type="image" title="US Navy aircraft carrier Indian Ocean Malabar" height="714" width="1000" msid="76902505" hostid="261"></div>"The decision to use India's advantage at sea is completely political and will depend on Delhi's political appetite," Baruah said. "There most certainly is an advantage and a role to be played, which can be maximized in collaboration with India's Indo-Pacific partners."Logistics exchanges and the use of Indian Ocean islands are just a few potential areas of collaboration, and India is likely to pursue a combination of them, Baruah said. Partnering with the US and others in the region offers "options to maximise some of [India's] advantage in the maritime domain."India has long valued strategic autonomy, and while it's likely to seek to retain some of that freedom, there's reason to think it will work more closely with an international coalition to counter an increasingly aggressive China, <a href="https://www.project-syndicate.org/commentary/china-india-border-conflict-strategic-shift-by-shashi-tharoor-2020-07" target="_blank" rel="noopener">according</a> to Shashi Tharoor, a former Indian minister of state for external affairs.Baruah expected an increase in maritime cooperation either way."What I hope is that [the] Ladakh issue has highlighted the maritime option available to India," Baruah said. "I hope this provides a chance to raise the urgency to clear some of the bureaucratic challenges in recognizing the role of the navy and maritime partnerships in India's strategic and security interests."

India's deadly mountain-top showdown with China could lead to more military activity at sea

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Shashi Tharoor declares assets worth Rs 55 crore in his nomination papers, income of over Rs 4.32 crore in FY 2022-23

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Indian Penal Code and other laws have provision to protect investors against cryptocurrency fraud, according to Indian Finance Ministry official

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India's deadly mountain-top showdown with China could lead to more military activity at sea

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