Nirmala Sitharaman News

22.12 / 04:33

cryptocurrency RBI Parliament Bitcoin Option Will crypto gain ‘currency’ as asset class since payment option is out?

In 2016, when Hiten Malviya (29) bought a bitcoin for the first time, the virtual currency was worth less than $1,000. After an initial investment of Rs 40,000, Malviya had become a ‘crypto millionaire’ within a year as the value of bitcoin hit $20,000 in 2017-end. In 2018, Malviya, however, lost nearly 80% of hi

06.12 / 12:29

COST IPO Provident Home Loan: Why NBFCs or Housing Finance Companies charge higher interest rates than Banks

Home loans are provided to customers by nationalised Banks and certain Non-Banking Finance Companies (NBFCs) registered as Housing Finance Companies (HFCs). All of these institutions are regulated by the Reserve Bank of India (RBI). However, the interest rate on home loans charged by HFCs is higher than banks.

05.12 / 00:09

Target Digital Aware Speculation place "Lot Of Unhealthy Speculation On Cryptocurrency Taking Place": Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman

04.12 / 10:11

cryptocurrency crypto ban Budget 2022 Govt looking to add cryptocurrencies to tax law

cryptocurrency. The government wants to capture cryptocurrency income and investments within and outside India, said people aware of the development. The government is considering amending Section 26A of the Income Tax Act and the Annual Information Regulation (AIR), which shows data on all investments made by a taxpayer and is often called a 'tax passbook'.

04.12 / 07:11

crypto ban Crypto Exchange Crypto regulation needs collective efforts: FM

Nirmala Sitharaman said that regulating cryptocurrency requires collective effort as the technology is constantly evolving and changing. “The regulation both executive and legislative only doing catching up with technology.

02.12 / 11:33

cryptocurrency coinswitch kuber coindcx asci guidelines Centre ad ASCI in talks with Centre to refresh crypto ad guidelines

New Delhi: The Advertising Standards Council of India (ASCI) is in discussions with the government to refresh guidelines related to cryptocurrency advertising, to include adequate disclosure of risk, ensuring that consumers don’t mistake crypto products to be legal tender and are not misled by exaggerated claims or by unfair comparisons with regulated asset classes, ASCI general secretary Manisha Kapoor said.

01.12 / 13:46

crypto ads Lens on misleading ads promoting cryptos: FM Nirmala Sitharaman

Nirmala Sitharaman told the Rajya Sabha. She didn't respond directly to a question on whether the government will ban such advertising.

01.12 / 10:29

cryptocurrency Digital Currency Opinion Cryptocurrency | What happens when RBI issues a digital currency?

The markets have been buzzing with the Government of India’s new Bill, ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’. The Bill proposes to ban all private cryptocurrencies in India. Even before passing of the Bill, it has created an impact with prices declining across key cryptocurrencies.

30.11 / 20:59

Bitcoin No proposal to recognise Bitcoin as a currency: FM Sitharaman

Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday. She also informed the House that the government does not collect data on Bitcoin transactions.

30.11 / 15:55

UPS Digital Aware India: New crypto-bill to be tabled after Cabinet approval, says Finance Minister

The second day of the winter session of the Indian Parliament kickstarted on 30 November, but the crypto-bill is not up for discussion yet. However, Finance Minister Nirmala Sitharaman told the Rajya Sabha that a new, reworked crypto-bill, will be “soon introduced in the Parliament after Cabinet approval.”

30.11 / 11:39

cryptocurrency Remark What Finance Minister Said Today On Crypto Concerns: 5 Points

Nirmala Sitharaman briefed the parliament today amid crypto concerns. (File)

30.11 / 10:49

cryptocurrency Govt to introduce new crypto bill in Parliament after Cabinet approval

The government will introduce a new crypto bill in Parliament after Cabinet approval, FM Nirmala Sitharaman said on November 30. She said that regulation of NFTs is also being discussed by the Centre.

30.11 / 10:43

cryptocurrency Digital What Finance Minister Said Today On Concern Over Cryptocurrency Ban

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the risk of cryptocurrency going in the wrong hands is being monitored. The Minister, however, stated that there is no decision to stop advertisements of digital currencies.

29.11 / 11:15

Provident Digital Bitcoin No Proposal To Recognise Bitcoin As A Currency, Says Finance Minister Nirmala Sitharaman

The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday.

29.11 / 11:07

cryptocurrency Current Affairs No proposal to recognise Bitcoin as currency: FM Nirmala Sitharaman in Parliament

There is no proposal to recognise Bitcoin as a currency, the Union Finance Minister Nirmala Sitharaman said in a response in the Parliament.

08.11 / 09:49

Parliament India unlikely to take a tough stance on cryptocurrencies

India is considering a middle path on cryptocurrencies, as it finalises legislation on the virtual asset to be introduced in the upcoming winter session of Parliament. The hard-line stance for an outright ban of cryptos is not being found feasible in view of large investments in such instruments by Indians, and these unregulated virtual currencies are also unlikely to be allowed as a legal tender, said a government source.

08.11 / 08:01

cryptocurrency RBI SEBI Government likely to take ‘middle path’ on crypto bill: Report

The government is likely to take a “middle path” on cryptocurrencies as it finalises a digital assets bill that may be tabled in the upcoming winter session of Parliament, The Economic Times has reported about the keenly watched piece of legislation as cryptocurrency gains popularity among young Indians.

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