Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.
February 3, 2022The IFSCA also received approval for a new headquarters building. GIFT City's new gold bullion exchange is expected to launch in January.
November 25, 2021Finance ministry officials have reportedly said that a law for cryptocurrencies could as soon as February 2022, around the time of India's next general Budget.
October 29, 2021Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
October 20, 2021India's new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
September 20, 2021Concerns that direct overseas listings will hurt the domestic market are unfounded, local startups said in a letter to the prime minister.
August 11, 2021The bad bank will be 51% owned by public sector banks. The remaining shares will be owned by private sector lenders.
July 21, 2021The proposed gold exchange would facilitate trading in so-called 'Electronic Gold Receipts', and help to improve transparency and price discovery.
May 19, 2021SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.
February 21, 2021The budget includes the establishment of a ‘bad bank’ to take over banks' bad assets and a plan to inject INR 200 billion into state lenders.
February 2, 2021