INSUBCONTINENT EXCLUSIVE:
Government has said that cryptocurrency is not legal in India as of nowUnion minister Bhagwat Karad on Saturday said that cryptocurrencies
are not legal in the country and nothing could be said at present about what could happen in this segment in the future.The Reserve Bank of
India (RBI) and the union government have not given any sort of recognition to cryptocurrencies and, therefore, they are not legal in the
country right now, the minister of state for finance, told reporters in Indore.One can't say if it would be legitimised or not in the
some people have invested in cryptocurrencies
Thus, 30 per cent tax has been proposed on transactions (connected to them) in the union budget," Mr Karad added.Asked whether fuel prices
would rise after the elections in Uttar Pradesh, he said the Centre had cut prices on petrol and diesel by Rs 5 and Rs 10 respectively.While
BJP-ruled states followed suit and cut taxes from their side, many states did not, he added.The price of petrol in Maharashtra, which is
ruled by the Maha Vikas Aghadi, is higher than retail rates in MP, which is a BJP-ruled state, Mr Karad said.
