Nirmala Sitharaman News

01.02 / 15:25

Crypto exchanges coindcx Budget 2022 Finance Minister Here's how crypto exchanges are reading FM's 30% taxation announcement

crypto exchanges and trading platforms cheered the announcements made by Finance Minister Nirmala Sitharaman over the taxation of virtual assets in Union Budget 2022. The Finance Minister announced taxation on gains arising from the sale of virtual assets at a flat rate of 30 per cent in her Budget speech, without any deductions to be allowed on these gains. The government also laid out the detailed provision over tax deducted at source (TDS) at a rate of 1 per cent levied on payments made on transfer of digital assets. Ashish Singhal, Founder and CEO, CoinSwitch and Co-chair Blockchain and Crypto Assets Council (BACC) said, we welcome the government's decision to introduce central bank digital currency (CBDC) to accelerate digitization.

01.02 / 15:19

Blockchain Digital Union Budget 2022 Union Budget 2022: All Except RBI Currency Are Assets, Finance Minister To NDTV On 30% Tax

Union Budget 2022: Nirmala Sitharaman said digital assets transactions will be taxed at 30%

01.02 / 15:19

Budget 2022 union budget Crypto Tax? 30% Tax For Digital Assets, Highest Tax Band In India

Budget 2022: Gift of virtual assets will be taxed at the receiver's end.

01.02 / 15:19

Blockchain digital rupee Budget 2022 Financial Budget 2022: Digital Rupee With Blockchain From RBI Coming Up, Says Financial Minister Nirmala Sitharaman

The digital rupee move will be give a big boost to economy, Nirmala Sitharaman said.

01.02 / 14:49

Blockchain Digital Virtual assets India to issue a blockchain-based digital rupee alongside 30% tax on virtual assets

The Indian finance ministry said the government will soon launch a digital rupee using blockchain technology with the country's central bank, a move that could put it far ahead of other nations.

01.02 / 13:10

cryptocurrency NFT defi Budget 2022 What are ‘virtual digital assets’ that will be taxed at 30% now?

virtual digital assets at a flat rate of 30 per cent, with no deduction and no provision to set off against any other income. Gift of virtual digital assets is also proposed to be taxed in the hands of the recipient. The government has also proposed a 1 per cent tax deducted at source (TDS) in order to track the transactions. Many see this as a masterstroke that will help the government track every transaction as market players will be liable to deduct taxes and report the transaction to the government. The clarification on the taxation of cryptocurrency was a long pending demand from the industry.

01.02 / 13:07

Blockchain COST Digital Breaking | India: Transfer of digital assets to attract 30% tax

Finance Minister Nirmala Sitharaman has unveiled the Indian Budget today for 2022-23 with two major announcements around cryptocurrencies.

01.02 / 12:38

cryptocurrency Tax Bitcoin India Sends Crypto Legalization Signs With Tax Plans, WRX Skyrockets

In another turn of events involving India’s crypto policy, the country’s Finance Minister Nirmala Sitharaman has proposed to tax gains from crypto transfers at a 30% rate, with no deductions to be allowed. Moreover, the country’s central bank digital currency (CBDC), the digital rupee, is to be rolled out by the Reserve Bank of India (RBI), the country’s central bank, in the years 2022 to 2023, she said.

01.02 / 12:01

cryptocurrency Budget 2022 crypto tax Income Tax Budget 2022: Twitter has a field day with middle class, crypto tax memes

Income tax rates will remain unchanged for fiscal year 2022-23, Finance Minister Nirmala Sitharaman announced in the Union Budget today in possibly her shortest Budget speech ever.

01.02 / 11:51

Blockchain Adoption Central Bank India to introduce 30% crypto tax, digital rupee CBDC by 2022-23

In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23 as means to boost the country’s economic growth.

01.02 / 11:13

cryptocurrency Personal Finance Tax Virtual assets Budget 2022: Tax clarity emerges on digital virtual assets

In Budget 2022, finance minister Nirmala Sitharaman gave clarity on how digital assets will be taxed. This means that gains from cryptocurrencies will now be taxed. At present, there are no explicit provisions dealing with taxation of cryptocurrencies under the income-tax act, 1961, given that the Cryptocurrency Bill is pending a debate in the Parliament.

01.02 / 10:31

cryptocurrency Budget 2022 crypto tax National Budget 2022: Nirmala Sitharaman announces national tele mental health programme

Union Finance Minister Nirmala Sitharaman, while presenting the Budget today, announced a national tele-mental health program will be launched for mental health counselling.

01.02 / 10:31

solana Bitcoin price today Ether Bitcoin Top cryptocurrency prices today: Bitcoin, Ether, Solana & Terra zoom up to 17%

All of the top-10 digital tokens were trading higher during the trade on Tuesday. Terra zoomed 17 per cent, followed by a 13 per cent rise in Solana and a 10 per cent jump in Polkadot. The global crypto market cap jumped almost about 5 per cent to $1.75 trillion. However, the total crypto market volume tanked more than 13 per cent to $63.80 billion.

01.02 / 09:59

cryptocurrency Budget 2022 crypto tax Budget 2022: Nirmala Sitharaman announces mental health programme

Union Finance Minister Nirmala Sitharaman, while presenting the Budget today, announced a national tele-mental health program will be launched for mental health counselling.

01.02 / 06:55

cryptocurrency Budget Govt to take balanced view on crypto: Sanjeev Sanyal

New Delhi: The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country's financial stability, Principal Economic Adviser Sanjeev Sanyal said on Monday. Currently, there are no particular regulations or any ban on use of cryptocurrency in the country. The issue of cryptocurrency has not been covered in the Economic Survey 2021-22, Sanyal said in an interaction with media on the Survey tabled in Parliament by Finance Minister Nirmala Sitharaman earlier in the day. «As you know, this is a matter of some debate, both inside the government, in the Ministry of Finance, and even in Parliament. So, this is something that is currently in discussion,» he said.

01.02 / 06:45

Ethereum cryptocurrency solana Bitcoin Cryptocurrency Prices Today : Ahead of Budget 2022, bitcoin, ethereum rise

The global cryptocurrency market capitalisation rose 4.66 percent over the last 24 hours to $1.75 trillion, while the trading volumes were up 15.08 percent to $63.86 billion.

31.01 / 16:59

MET Digital Balanced View To Be Taken On Regulating Cryptocurrencies: Principal Economic Adviser

Government will take a nuanced view on regulating cryptocurrencies

21.01 / 05:11

Blockchain Budget 2022 Bitcoin crypto startups Crypto startups seek clarity of operations from govt in Budget 2022

Crypto assets and blockchain are no longer a nascent fad for investors or the government. The number of homegrown startups engaged in the sectors is rising exponentially, despite regulatory uncertainties. The startups and the new age companies associated with the industry are seeking clarity from Finance Minister Nirmala Sitharaman in the upcoming Union Budget over issues like taxation, legislation, exemptions and regulations. They are keen for Sitharaman to acknowledge the potential of the industry and frame some clarity of operations to aid their operations and growth in the future. The Finance Minister will table the Union Budget of February 1.

20.01 / 04:57

cryptocurrency cryptocurrency in india crypto assets Budget 2022 Crypto players seek clarity on taxes and regulation from Sitharaman's Budget

Nirmala Sitharaman, who will table the Union Budget on February 1. Currently, there is no legislation, act or law to govern, regulate or prohibit dealing in crypto assets in India. Therefore, it is not illegal to sell, purchase, deal or mine cryptocurrencies or set up a cryptocurrency exchange in the country. However, the demands from the industry players, investors and other stakeholders are likely to reach the government, who may finally give heed to clear the clouds of ambiguity and may steer to the way ahead for the future.

18.01 / 07:33

cryptocurrency taxation Budget 2022 Bitcoin NOT Budget session not likely to see crypto bill being presented

The much-awaited cryptocurrency bill, which had been scheduled for presentation during parliament's winter session last year, is unlikely to see the light of the day during the budget session as well which will start from January 31.

09.01 / 07:05

Dogecoin Ethereum cryptocurrency Bitcoin fall bitcoin rises Cryptocurrency Prices Today on January 9: Bitcoin rises marginally while Ethereum continues to fall

The global crypto market capitalisation fell by 0.72 percent over the last 24 hours to $1.96 trillion, while the trading volume dipped significantly by 33.59 percent to $92.04 billion on January 9.

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