The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.
...on par with oil, power, and defence, and to restrict its storage under foreign control.
'The next two to three weeks will not be decided in Washington.' 'They will be decided in Tehran, in whatever calculation Iran makes about the costs of continued resistance against the costs of appearing to have yielded.'
While gold continues to provide safety after its strong 2025 rally, well-chosen real estate investments held with a long-term view remain attractive.
'Uncertainty level A in the morning, uncertainty level B in the afternoon. If I answer about tariff rates now, I'll be outdated by the evening.'
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
'The directives to enhance last-mile funding, consider revival funds, and systemic reforms across the sector are expected to revive stalled projects, improve accountability, and accelerate the delivery of affordable and mid-income housing.'
The Budget announcement of taxing 'virtual digital assets' or crypto currencies will help the income-tax department measure the "depth" of this trade in the country, know the investors and the nature of their investments and it does not "attach any legality" to these transactions, Central Board of Direct Taxes chairman J B Mohapatra said.
'If you are ready to stomach the loss, you may invest 3-5 per cent of your portfolio in crypto assets.' 'Of this, 80-90 per cent should be in Bitcoin.'
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
Jaitley's Budget has the potential to change the face of Modi's Bharat
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
Indian banks have started exploring opportunities in the space, including lending to crypto exchanges, and accepting bitcoins as collateral, among others.
A glance back at some important events that occurred in 2018.
Aditya Puri thinks the government is on track.
Budget in the medium term aims to kick-start the investment cycle.
'Our intentions are clear. If I keep all the acquired land under the ownership of the government, why do you raise questions about my intentions?' 'One achievement of my ministry would be the gas pricing policy. Two, we made a delivery mechanism (for domestic LPG) which is the largest in the world. We are crediting money to the poor directly. It is the biggest structure of direct subsidy transfer.' 'It is very easy to work with Modi. He gives everyone a chance in decision-making. I have become a minister for the very first time, but if we want to raise any issues in the Cabinet, we have full freedom to do so.' The second and final part of Union Oil Minister Dharmendra Pradhan's exclusive interview with Sheela Bhatt/Rediff.com.
