Earlier, the government introduced a flat 30% tax on crypto transactions, without telling whether they’re legal or not.
A fortnight packed with important developments on the economic front, Indian Finance Minister Nirmala Sitharaman and Governor of India’s central bank Shaktikanta Das told the media that there is complete harmony between the two government bodies on the cryptocurrency front.a flat 30% tax on all incomes from crypto activities. She also announced the introduction of central bank digital currency from the next fiscal beginning April 2022.could strengthen the digital economy.
“Banning or not banning will come subsequently when the consultation gives me inputs but then would you rather have me not tax and allow the profits to be there. I will tax because its sovereign right [of the government] to tax,” she had added.Both the Indian Finance Minister and the chief of the central bank
Besides reiterating their stance on crypto, what caught everyone’s attention were the yellow roses on the dais, the predominantly yellow sari of the Indian Finance Minister, and the yellow facemask of the RBI Governor. In this part of the world, yellow signifies union/marriage. Politically, it was seen as a smart decision for the government that helped it wriggle out of a difficult spot where pro- and anti-crypto opinions had become highly polarized.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blast Your Glutes and Core in This 30-Minute BurnoutIn this workout, fitness trainer Nikki Keeshin takes you through 30 minutes of her signature glute and core exercises.
Read more »
The 30 Best Nintendo Switch Games (February 2022)Looking for something new to play on the Switch? Here's our list of the best games on Nintendo's latest system.
Read more »
Soaring Inflation Means Britons Face Biggest Fall in Real Incomes in 30 YearsInflation is galloping ahead of wage growth, a stark illustration of the challenge facing central banks as they try to tame prices without snuffing out recoveries from the pandemic.
Read more »
30 Healthy Stuffed Chicken Recipes to Make Tonight — Eat This Not ThatSimple to prepare and full of flavor and textures, a stuffed chicken recipe is the kind of recipe you make once and then get hooked on.
Read more »
Less Than 30% of U.S. Workforce Covered by State-Protected Paid Sick LeaveOnly 27.6% of workers in the U.S. are covered by state-required sick leave. This “creates substantial inequities nationally” that have become more noticeable because of the pandemic, a study published in the American Journal of Preventive Medicine says.
Read more »