Nirmala Sitharaman(Image: Twitter/ PIB in Chandigarh) RBI has been cautioning users, holders and traders of Virtual Currencies (VCs) and cryptocurrencies through public notices since 2013, Nirmala Sitharaman said. The Indian government is in support of a global collaboration if there is a need to prohibit or regulate digital assets, including cryptocurrencies, even as the Reserve … Read more
New Delhi: The Center said on Tuesday, December 12, that no GST dues from any state are pending before it and that some state governments have not submitted AG’s authenticated certificate for the release of their share of funds. The narrative that GST dues are pending from the Centre is not correct and is a … Read more
FM Nirmala Sitharaman with IMF managing director Kristalina Georgieva on Wednesday. (Image: Twitter/@FinMinIndia) The International Monetary Fund should also ensure a globally coordinated and synchronised approach on the regulation of cryptocurrencies, Sitharaman said. The International Monetary Fund should play a lead role regarding the regulation of cryptocurrencies and ensure a globally coordinated and synchronised approach … Read more
.JPG "Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman")
Union Finance Minister Nirmala Sitharaman. | Photo Credit: K.V.S. Giri The country’s consumer price inflation is now “stable” and within the official tolerance band of 2% and 6%, Finance Minister Nirmala Sitharaman conveyed to the Lok Sabha on Monday, attributing the weakening price rise pressures largely to a steady drop in core inflation. “India’s retail inflation … Read more
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said any move on imposition of cross-border adjustment tax by developed countries to meet their green commitments is morally wrong and goes against the interest of developing countries of ‘Global South’. “The single mono-sided decision of imposition of border adjustment tax …the logic just goes against the … Read more
In the first step towards regulating cryptocurrency, the government said on March 7 that money laundering laws will apply to crypto trading, weeks after Finance Minister Nirmala Sitharaman said the regulation would be a topic of discussion at G20. In a notification, the Ministry of Finance said “exchange between virtual digital assets and fiat currencies, … Read more
