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Nirmala Sitharaman

India: Central bank-backed NPCI seeks blockchain expert for Web 3.0 ventures
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7 September, 2023

India: Central bank-backed NPCI seeks blockchain expert for Web 3.0 ventures

The National Payments Corporation of India (NPCI) is hiring a Head of Blockchain with blockchain expertise to enhance payments through...
India supports blockchain but insists digital currency should be regulated: Nirmala Sitharaman
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13 May, 2023

India supports blockchain but insists digital currency should be regulated: Nirmala Sitharaman

India's Finance Minister Nirmala Sitharaman clarified that despite the country's tough stance on digital currency, the government would continue to...
India FM Nirmala Sitharaman calls for global blockchain regulation
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28 April, 2023

India FM Nirmala Sitharaman calls for global blockchain regulation

Nirmala Sitharaman insists that regulating digital currencies and the technology where they are minted does not equate to controlling the...
India G20 presidency wants common digital currency regulation, Nirmala Sitharaman says
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15 April, 2023

India G20 presidency wants common digital currency regulation, Nirmala Sitharaman says

The Finance Minister stated that with a global outlook on digital currencies, bad actors could not profit from regulatory arbitrage...
India teams up with IMF and FSB on global virtual currency regulations
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10 February, 2023

India teams up with IMF and FSB on global virtual currency regulations

India is mulling a partnership with the International Monetary Fund (IMF) and the Financial Stability Board (FSB) in its quest...
Rationalized India tax regime to bring down TDS—Digital currency experts hopeful for Union Budget 2023
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7 February, 2023

Rationalized India tax regime to bring down TDS—Digital currency experts hopeful for Union Budget 2023

India’s Finance Minister presented the Union Budget for 2023-24, but the question is will the government change its existing taxation...
India snubs plea to reduce tax burden in Union Budget 2023
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4 February, 2023

India snubs plea to reduce tax burden in Union Budget 2023

Existing laws on digital assets remain, including the 1% TDS, following the Union Budget, but key industry players remain hopeful...
India’s TDS rule under fire as critics call for immediate reduction
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29 January, 2023

India’s TDS rule under fire as critics call for immediate reduction

The report claims that the existing 1% TDS rate is pushing numerous industry service firms out of the country, adding...
India virtual currency industry calls for tax relief ahead of 2023 Union Budget
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22 January, 2023

India virtual currency industry calls for tax relief ahead of 2023 Union Budget

Stakeholders argue that reducing TDS from 1% to 0.01% would provide competitive prices to India's virtual currency users and safeguard...
India has no plans to set up a common blockchain platform for banks
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22 December, 2022

India has no plans to set up a common blockchain platform for banks

India's Prime Minister Nirmala Sitharaman said that the reason for the government's apathy towards blockchain hinges on the fact that...
Stiff regulation comes to India’s digital asset ecosystem following FTX’s collapse
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19 November, 2022

Stiff regulation comes to India’s digital asset ecosystem following FTX’s collapse

India's finance minister disclosed at the Indian Council for Research on International Economic Relations that regulating digital assets forms part...
India: Digital asset regulation will be the main priority as head of G20 nations
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4 November, 2022

India: Digital asset regulation will be the main priority as head of G20 nations

India will lead the G20 for a year and other issues it will tackle include food security, climate financing, multilateral...