News with the tag "Nirmala Sitharaman"

India's planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk.

The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feed...

India is gearing up for a significant move in its crypto regulation effort as the Department of Economic Affairs (DEA) prepares to release a crucial consultation paper between September and October 2024. This document is expected to serve as a cornerstone for shaping the country’s future approach to...

Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India. Industr...

Local crypto businesses pushed for a reduction in the 1% TDS to 0.01% to revive its customer base.

The primary demand from India's crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%

India is unlikely to introduce any changes to its controversial tax-deducted-at-source (TDS) policy on Tuesday when Finance Minister Nirmala Sitharaman reveals her budget for 2024-2025, experts predicted.

Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently n...

India’s Finance Minister Nirmala Sitharaman, speaking at the India Today Conclave 2024, made clear the government’s position on cryptocurrencies, emphasizing that they cannot be considered as currencies. This statement aligns with the longstanding view that while digital assets can be utilized for p...

The India government’s annual budget, presented by Finance Minister Nirmala Sitharaman on Thursday, maintained the controversial tax deducted at source (TDS) policy for crypto transactions. Despite expectations for a change The post India Maintains Controversial Crypto Tax Policy in Election Year ap...