• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Saturday, July 5, 2025
  • Login
The News Guru
  • Home
  • India
    • National
    • State News
  • Business
  • Education
  • Auto
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Food
    • Travel
    • Photography
  • Tech
    • App News
    • Gadgets
  • Sports
  • Finance/Money
  • Others
    • Science
    • Agriculture
    • Astrology
    • Politics
    • Religion
    • Social Work
    • World
    • Press Release
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • Business
  • Education
  • Auto
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Food
    • Travel
    • Photography
  • Tech
    • App News
    • Gadgets
  • Sports
  • Finance/Money
  • Others
    • Science
    • Agriculture
    • Astrology
    • Politics
    • Religion
    • Social Work
    • World
    • Press Release
No Result
View All Result
The News Guru
No Result
View All Result
Home Business
Indian government take bold steps on digital currency in Budget 2022 Market analyst Deepak Talwar welcomes the move 

Deepak Talwar, Market Analyst

Indian government take bold steps on digital currency in Budget 2022, Market analyst Deepak Talwar welcomes the move 

The News Guru by The News Guru
February 3, 2022
in Business
0
Share on FacebookShare on Twitter

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 Bank Digital Currency (CBDC). The government has now made a public announcement about a digital currency, however, the RBI has yet to test the new digital asset and reveal its plans for the technology framework. Market analyst Deepak Talwar informs, “If India continues to its intentions, it will become one of the world’s major economies to implement a so-called central bank digital currency (CBDC), following in the footsteps of China, which is already testing a digital yuan. The central bank’s adoption of digital currency will result in more efficient and cost-effective currency management.”

RELATED POSTS

Trailblazers Honoured at the House of Commons: Asian–UK Business Meet and Awards 2025 Celebrates Global Innovation and Bilateral Leadership

EcoEarth is Powering the Smart Home Revolution — Made for India

The digital currency will not be a replacement for fiat currency, but rather a digital equivalent that may be transacted through RBI-regulated blockchain-based exchanges. The RBI may outsource some digital rupee operations to banks, and depositors may be given the option of converting their deposits to digital rupee. According to the market expert Deepak Talwar, this will provide the economy a significant boost while also allowing for more cost-effective and efficient currency management. 

For a long time, virtual digital asset trading platforms in India have battled to achieve acceptance and progress. Despite having been in India for nearly a decade, these networks only have about 25 million active users out of a population of 1.4 billion.

Investors have been stopped from reaching the market due to a lack of understanding of virtual digital asset market dynamics and valuations, a lack of legal framework and regulatory rules, and concerns about the safety of investments in the relatively new-formed currency. As per the new budget, the income earned through the transfer of any such digital assets will be taxed at 30 per cent, with an additional 1 per cent tax deduction at the source available during such transactions.

“It is a tremendous move forward by India for three reasons,” Deepak Talwar said of the significant statement on virtual digital asset income taxation. “First, this move recognises them as a valid asset class and its trading as a legitimate activity. Second, tax clarity will attract more people to this industry, resulting in further growth. Finally, a well-regulated eco-system will generate a climate conducive to innovation.”

He adds, “The government’s decision not to ban virtual digital assets, which had been pending for a long time, has provided additional clarity. It means that the government does not intend to put a stop to the activities related to them, but rather wants to move in a direction with clear norms and regulations.”

“Virtual digital assets have gained remarkable popularity in recent years, according to the budget memorandum, and the volume of trading in such digital assets has expanded significantly,” says Talwar, seasoned market analyst and lobbyist. He further informs, “A market is forming in which payment for the transfer of a virtual digital asset can be made using another virtual digital asset. As a result, the Bill proposes a new scheme to provide for their taxation.” 

By permitting these assets to be taxed, and introducing CBDB, they have finally been given legitimacy by the Indian government. This is a breath of fresh air for this business, as well as a stimulus for creativity. India is currently undergoing a financial system transformation. This marks the start of a new India.

Continue Reading
Tags: Budget 2022digital currencylobbyist Deepak TalwarMarket analyst Deepak TalwarReserve Bank of IndiaSeasoned market analyst
ShareTweetShareSendPin
Previous Post

SRL Motion Pictures launched their 2022 annual Calendar 

Next Post

The iconic duo behind Mumbai Food Trail – Sameer and Parimita

The News Guru

The News Guru

Related Posts

Trailblazers Honoured at the House of Commons: Asian–UK Business Meet and Awards 2025 Celebrates Global Innovation and Bilateral Leadership

Trailblazers Honoured at the House of Commons: Asian–UK Business Meet and Awards 2025 Celebrates Global Innovation and Bilateral Leadership

by The News Guru
July 3, 2025
0

London, , July 3, 2025: The Asian–UK Business Meet and Awards 2025, hosted by WBR Corp UK Limited, was held...

EcoEarth is Powering the Smart Home Revolution — Made for India

EcoEarth is Powering the Smart Home Revolution — Made for India

by The News Guru
July 2, 2025
0

From Smart Lighting to Full Home Automation — Built in India, Built for India Gurugram, (Haryana) , July 02, 2025:...

Icons of Leadership & Excellence Awards 2025: A Grand Celebration of Business and Professional Achievements

Icons of Leadership & Excellence Awards 2025: A Grand Celebration of Business and Professional Achievements

by The News Guru
July 2, 2025
0

New Delhi, July 2, 2025: WBR Corp., a leading PR and Brand Consulting firm, organized the second edition of the...

WallStreetMojo Launches Global “Financial Modeling Immersive Program” — Created by ex-JPMorgan Analyst

WallStreetMojo Launches Global “Financial Modeling Immersive Program” — Created by ex-JPMorgan Analyst

by The News Guru
June 28, 2025
0

“Your Degree Gets You Noticed. Your Skills Get You Paid.” Mumbai, (Maharashtra) , June 28, 2025: WallStreetMojo has recently launched...

Next Post
The iconic duo behind Mumbai Food Trail - Sameer and Parimita

The iconic duo behind Mumbai Food Trail - Sameer and Parimita

Actress Puja Banerjee join hands with DeSpace to launch her NFTs

Actress Puja Banerjee join hands with DeSpace to launch her NFTs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trailblazers Honoured at the House of Commons: Asian–UK Business Meet and Awards 2025 Celebrates Global Innovation and Bilateral Leadership

Trailblazers Honoured at the House of Commons: Asian–UK Business Meet and Awards 2025 Celebrates Global Innovation and Bilateral Leadership

July 3, 2025
EcoEarth is Powering the Smart Home Revolution — Made for India

EcoEarth is Powering the Smart Home Revolution — Made for India

July 2, 2025
Icons of Leadership & Excellence Awards 2025: A Grand Celebration of Business and Professional Achievements

Icons of Leadership & Excellence Awards 2025: A Grand Celebration of Business and Professional Achievements

July 2, 2025

MOST VIEWED

  • Young writer Taarini Singh launches her first book ‘My conversations with Rio’

    Young writer Taarini Singh launches her first book ‘My conversations with Rio’

    9 shares
    Share 4 Tweet 2
  • Physics Wallah Shines in UPSC NDA Final Result 2023: 40 Students Successfully Selected

    5 shares
    Share 2 Tweet 1
  • Synthesis of agonist molecule by CSIR-IICT for COVAXIN

    4 shares
    Share 2 Tweet 1
  • Surat food blogger, Vatsal Jariwala AKA the foodiecam sweeps the floor by achieving the title of 100k Followers on Instagram

    4 shares
    Share 2 Tweet 1
  • India and Norway to conduct marine spatial planning in Lakshadweep and Puducherry

    4 shares
    Share 2 Tweet 1

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World
The News Guru

The News Guru, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

Trailblazers Honoured at the House of Commons: Asian–UK Business Meet and Awards 2025 Celebrates Global Innovation and Bilateral Leadership

Trailblazers Honoured at the House of Commons: Asian–UK Business Meet and Awards 2025 Celebrates Global Innovation and Bilateral Leadership

July 3, 2025
EcoEarth is Powering the Smart Home Revolution — Made for India

EcoEarth is Powering the Smart Home Revolution — Made for India

July 2, 2025
Icons of Leadership & Excellence Awards 2025: A Grand Celebration of Business and Professional Achievements

Icons of Leadership & Excellence Awards 2025: A Grand Celebration of Business and Professional Achievements

July 2, 2025

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 The News Guru.

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 The News Guru.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In