The RBI's cryptocurrency will boost the Indian economy, said Finance Minister Nirmala Sitharaman. Nirmala Sitharaman also said that 30 per cent tax will be levied on income earned through cryptocurrency.
The number of people investing in cryptocurrencies has increased in recent times. Against this backdrop, Finance Minister Nirmala Sitharaman made an important announcement in the Union Budget on Tuesday. For the past few days, there has been talk of digital currency being introduced by the Reserve Bank. Finally, Nirmala Sitharaman has sealed it in the budget. (FM Nirmala Sitharaman announcement about Crypto Currency)
Accordingly, the Reserve Bank will soon launch digital currency based on blockchain and other technologies. The Reserve Bank will launch digital rupee in the coming financial year. This will open up new and safer options for investors in India to invest in cryptocurrencies. The RBI's cryptocurrency will boost the Indian economy, said Finance Minister Nirmala Sitharaman. Nirmala Sitharaman also said that 30 per cent tax will be levied on income earned through cryptocurrency.
To expand the scope of digital banking in rural areas
The Modi government has made important announcements in the Union Budget to expand the reach of digital banking, fintech and digital transactions in every corner of the country in the near future. Union Finance Minister Nirmala Sitharaman informed about this during her budget reading in the Lok Sabha.
The central government is working hard to bring digital banking facilities to every corner of the country. For this, the Central Government is launching a special campaign on the occasion of the 75th anniversary of India's independence. Accordingly, 75 digital banking units will be started in 75 districts of the country.
These units will be set up through Scheduled Commercial Banks. So that digital banking transactions will be possible in every corner of the country, said Nirmala Sitharaman. Nirmala Sitharaman also said that the central government will focus on increasing the use of user friendly and useful digital platforms.