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Nirmala Sitharaman

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
Policy
Regulations
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
Expectations were low for a change in the stiff taxes on crypto transactions: a 30% tax on profits and a 1% TDS on all transactions.
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
By Amitoj Singh
Feb 1, 2024 at 7:18 a.m. UTC
Feb 1, 2024
RegulationsFinance MinisterNirmala SitharamanIndiaBudgetTaxCryptoCBDCRBI
Indian Finance Minister Nirmala Sitharaman (right) ahead of India’s G20 Presidency with U.S. Treasury Secretary Janet Yellen. (Indian Finance Ministry)
Policy
Regulations
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations, supported by the FSB and IMF under India’s presidency, are set to bring into implementation perhaps the first global crypto regulations ahead of the Leaders’ Summ...
Indian Finance Minister Nirmala Sitharaman (right) ahead of India’s G20 Presidency with U.S. Treasury Secretary Janet Yellen. (Indian Finance Ministry)
By Amitoj Singh
Aug 15, 2023 at 4:30 p.m. UTC
Aug 15, 2023
RegulationsG20CryptoFsbIndiaIMFRBIFinance MinistryNirmala SitharamanFederal ReserveNarendra Modi
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
Policy
Regulations
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
An Indian crypto exchange and a policy firm have separately asked the government to let crypto firms access the national Unified Payments Interface (UPI) after it was ostensib...
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
By Amitoj Singh
May 17, 2023 at 10:36 a.m. UTC
May 17, 2023
RegulationsCryptoPayment ChannelsIndiaNirmala SitharamanG 20
India Keeps Restrictive Crypto Tax Rules in 2023 Budget
Video
Nikhilesh de
India Keeps Restrictive Crypto Tax Rules in 2023 Budget
India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector in 2022. Now the world's largest democracy is keeping its...
India Keeps Restrictive Crypto Tax Rules in 2023 Budget
By CoinDesk Inc
Feb 1, 2023 at 4:16 p.m. UTC
Feb 1, 2023
Nikhilesh DecdtvTaxIndiaFM Clipcrypto regulationNirmala SitharamanNik DeState of CryptoStateCrypto_Sponsor
Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)
Policy
Regulations
India's Crypto Tax Amendment Could Punish Evaders With Jail Time, Attorneys Say
In 2022 India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector.
Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)
By Amitoj Singh
Feb 1, 2023 at 7:02 a.m. UTC
Feb 1, 2023
RegulationsIndiaCryptotaxesDigital AssetNirmala Sitharaman
Indian Finance Minister Nirmala Sitharaman (IMF Photo/Cliff Owen) 18 April 2022 Washington, DC, United States. IMF Photo/Cliff Owen.
Policy
India
Indian Finance Minister Says Crypto Regulation Should Be an International Priority
The country will host next year's G-20 summit and thus help shape the agenda.
Indian Finance Minister Nirmala Sitharaman (IMF Photo/Cliff Owen) 18 April 2022 Washington, DC, United States. IMF Photo/Cliff Owen.
By Amitoj Singh
Nov 1, 2022 at 10:52 a.m. UTC
Nov 1, 2022
IndiaFinance MinisterNirmala SitharamanG20Regulation
India's 30% Crypto Tax Proposal Explained
Video
China
India’s 30% Crypto Tax Proposal Explained
Indian Finance Minister Nirmala Sitharaman announced the nation’s budget Tuesday, revealing it will tax digital assets at a 30% rate and launch a digital rupee by 2023.
India's 30% Crypto Tax Proposal Explained
By CoinDesk Staff
Feb 2, 2022 at 7:52 p.m. UTC
Feb 2, 2022
ChinacdtvIndiaFM Clipcrypto taxCDSpotlight_SponsorDigital YuanNirmala Sitharamandigital rupeeTanvi Ratna
Indian Budget Provision Allows Government to Define NFTs
Video
Nft
Indian Budget Provision Allows Government to Define NFTs
A clause in India’s 2022 budget announced Tuesday by Finance Minister Nirmala Sitharaman suggests the Modi government may be seeking to define what is or is not a non-fungible...
Indian Budget Provision Allows Government to Define NFTs
By CoinDesk Staff
Feb 2, 2022 at 4:43 p.m. UTC
Feb 2, 2022
NFTNikhilesh DecdtvIndiaFM ClipNarendra ModiNirmala Sitharaman
Indian Budget Provision Allows Government to Define NFTs
Video
Nft
Indian Budget Provision Allows Government to Define NFTs
A clause in India’s 2022 budget announced Tuesday by Finance Minister Nirmala Sitharaman suggests the Modi government may be seeking to define what is or is not a non-fungible...
Indian Budget Provision Allows Government to Define NFTs
By CoinDesk Staff
Feb 2, 2022 at 4:43 p.m. UTC
Feb 2, 2022
NFTNikhilesh DecdtvIndiaFM ClipNarendra ModiNirmala Sitharaman
India Unveils 2022 Budget Proposing 30% Crypto Tax, Digital Rupee Launch
Video
Cdtv
India Unveils 2022 Budget Proposing 30% Crypto Tax, Digital Rupee Launch
In her presentation of the Modi government’s budget to Parliament, Indian Finance Minister Nirmala Sitharaman announced plans to launch a digital rupee by next year, and tax i...
India Unveils 2022 Budget Proposing 30% Crypto Tax, Digital Rupee Launch
By CoinDesk Staff
Feb 1, 2022 at 8:44 p.m. UTC
Feb 1, 2022
cdtvHash clipIndia (Country)Narendra Modicrypto taxNirmala Sitharamancrypto transactionsParliamentdigital rupeetax income