Day: 1 April 2026

​The Offshore Crypto Problem Regulators Can No Longer Ignore

Vijay Raman

Globally, the virtual digital asset (VDA) space is emerging as one of the fastest-growing and most innovative sectors. Yet, it continues to face persistent challenges, including lack of regulatory clarity, legal uncertainty, skepticism, and high taxation. A recent report by the Financial Action Task Force (FATF) highlights another growing concern for the industry: virtual asset platforms that operate across borders while remaining largely out of reach of regulators. These platforms, known as offshore Virtual Asset Service Providers (oVASPs), are exchanges or platforms that are registered in one country but serve…

Read More

CSL Kochi Hands Over ASW Craft ‘Malwan’ to Indian Navy

Vijay Raman

In a significant boost to India’s coastal defence capabilities, the Indian Navy on Tuesday took delivery of ‘Malwan’, the second Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), built by Cochin Shipyard Limited (CSL) in Kochi.   The vessel is part of a series of specialised ships being constructed under a contract with the Ministry of Defence (India) to enhance the anti-submarine warfare capabilities of the Indian Navy in shallow coastal waters.   ‘Malwan’ is equipped with advanced sonar systems and modern surveillance technology, enabling it to detect and neutralise enemy submarines…

Read More

Stealth Frigate Dunagiri Joins Indian Navy

Vijay Raman

In a significant boost to India’s indigenous defence capabilities, the Indian Navy on Tuesday received the stealth frigate ‘Dunagiri’, reinforcing the country’s push towards Aatmanirbharta in warship building.   The warship has been constructed by Garden Reach Shipbuilders & Engineers Ltd (GRSE) under the prestigious Project 17A stealth frigate program, which aims to build a new generation of advanced stealth frigates for the Indian Navy.   ‘Dunagiri’ is equipped with modern stealth features, advanced weapons, and state-of-the-art sensors, enabling it to operate effectively in a network-centric warfare environment. The frigate…

Read More