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Nirmala Sitharaman

India snubs plea to reduce tax burden in Union Budget 2023
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4 February, 2023

India snubs plea to reduce tax burden in Union Budget 2023

Existing laws on digital assets remain, including the 1% TDS, following the Union Budget, but key industry players remain hopeful...
India’s TDS rule under fire as critics call for immediate reduction
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29 January, 2023

India’s TDS rule under fire as critics call for immediate reduction

The report claims that the existing 1% TDS rate is pushing numerous industry service firms out of the country, adding...
India virtual currency industry calls for tax relief ahead of 2023 Union Budget
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22 January, 2023

India virtual currency industry calls for tax relief ahead of 2023 Union Budget

Stakeholders argue that reducing TDS from 1% to 0.01% would provide competitive prices to India's virtual currency users and safeguard...
India has no plans to set up a common blockchain platform for banks
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22 December, 2022

India has no plans to set up a common blockchain platform for banks

India's Prime Minister Nirmala Sitharaman said that the reason for the government's apathy towards blockchain hinges on the fact that...
Stiff regulation comes to India’s digital asset ecosystem following FTX’s collapse
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19 November, 2022

Stiff regulation comes to India’s digital asset ecosystem following FTX’s collapse

India's finance minister disclosed at the Indian Council for Research on International Economic Relations that regulating digital assets forms part...
India: Digital asset regulation will be the main priority as head of G20 nations
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4 November, 2022

India: Digital asset regulation will be the main priority as head of G20 nations

India will lead the G20 for a year and other issues it will tackle include food security, climate financing, multilateral...
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