Search Results for: Indian Finance Minister

Indian Finance Minister Smt Nirmala Sitharaman to Inaugurate DATE in New Delhi

India’s ascent to a global innovation epicenter is a testament of government initiatives such as AatmaNirbhar Bharat and ‘Make in India’, encouraging and driving the nation’s digital transformation. India’s digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape. Celebrating this burgeoning ecosystem, the inaugural

November 22, 2023 4 mins read

2 Engineers in India Lose 43 Lakh INR ($52,054) to Crypto Fraud

Indian Finance Minister Emphasizes Need for Unified Crypto Regulation

The government of India has always taken a relaxed approach to draft legislation for the nascent cryptocurrency sector. But this time, India’s Finance Minister Nirmala Sitharaman has emphasized the need for immediate awareness of the problems associated with crypto assets. Indian lawmakers, it has been said, pushed for quick action

April 16, 2023 1 min read

Indian Finance Minister Step-up to Low Inflation & Boost Economy

Central bank officials strive to stabilize Asia’s third-largest economy in the midst of challenging global conditions. While India’s Finance Minister Nirmala Sitharaman stated in the Reuters NEXT conference on Wednesday that she expects strong growth and lower inflation in the upcoming year. In addition, Nirmala Sitharaman specified Growth, health, and

December 1, 2022 1 min read

Indian Finance Minister Backs Web3 at Recent Accountants Event

At Friday’s 21st World Congress of Accountants, Union Finance Minister of India Nirmala Sitharaman forecasted that the introduction of Web3 will revolutionize the management of financial data. The 21st World Congress of Accountants was hosted in India. And was co-organized by the International Federation of Accountants (IFCA) and the Institute

November 21, 2022 1 min read

Indian Finance Minister Issues Warnings Regarding Crypto

The Indian finance minister suggested against using cryptocurrency. The law enforcement organization blocked the assets of two crypto exchanges. At a BJP Economic Cell event on Saturday, Nirmala Sitharaman, the Indian Finance Minister, reportedly issued a warning about cryptocurrencies. New cryptocurrency regulation is on the way, the finance minister reportedly

August 16, 2022 1 min read

Indian Finance Minister Expresses RBI’s Demand for Crypto Ban

The Indian Finance Minister declared that the RBI recommended crypto regulation. Government expects international collaboration for any effective regulation. The Indian Finance Minister, Nirmala Sitharaman has recently revealed that the Reserve Bank of India (RBI) has put forward a suggestion to the government, to frame cryptocurrency regulations. The government needs

July 18, 2022 2 mins read

Money Laundering and Terror Financing Biggest Risk of Crypto as per Indian Finance Minister

As a result of the COVID-19 epidemic, India’s digital adoption rate increased. Reserve Bank of India (RBI) is working on introducing India’s own digital currency. Historically, India has had a rocky relationship with digital assets, particularly cryptocurrencies. However, the Supreme Court overturned a prohibition on cryptocurrency transactions in March 2020,

April 19, 2022 1 min read

Indian Government Constantly Monitoring Crypto Sector Says Finance Minister

India’s central bank digital currency (CBDC) is also being developed by RBI. RBI would adopt crypto taxes before issuing its digital currency. It has been stated that the Indian government is “constantly monitoring” and “watching the crypto sector” by Finance Minister Nirmala Sitharaman. In reference to her budget address, she

February 9, 2022 1 min read

: Why Does The Indian Crypto Community Feel Neglected by Its Government?

Why Does The Indian Community Feel Neglected by Government?

The Indian crypto community is facing turmoil following a major hack involving WazirX, one of the country’s largest centralized exchanges. The multi-signature wallet breach resulted in $230 million worth of assets being stolen. The recovery measures undertaken by WazirX have been widely deemed unsatisfactory, and the government’s lack of involvement

August 5, 2024 2 mins read

Indian Rupee Hits Record Low as Tether Faces Potential Collapse

The Indian rupee dived 0.2% to an all-time low of 83.6512 against the U.S. dollar, surpassing the early low of 83.5750 hit in April, according to the Bloomberg-compiled prices. The current low was amid continuous foreign fund outflows in the equity market and the strengthening of the greenback. This decline

June 20, 2024 2 mins read