Indian government take bold steps on digital currency in Budget 2022, Market analyst Deepak Talwar welcomes the move
The government has suggested a 30 per cent tax on the transfer of any virtual digital asset. The finance minister said today in Budget 2022 that no deductions other than acquisition costs will be allowed, and no transaction losses will be carried forward. And, the second big move is that starting in FY 2022-23, the Reserve Bank of India will issue digital rupees utilising blockchain and other technologies. Seasoned market analyst and lobbyist Deepak Talwar identifies the benefits and shares his views on the same. For a few months, the RBI was working on a plan to create the Central…