Finance Minister Nirmal Sitharaman has expected the inflation rate to remain in the range of 2 to 6 percent during the current financial year. Along with this, an increase in revenue is also expected in the coming months.
At present, a large number of investors in India are investing money in Cryptocurrency. In such a situation, everyone’s eyes are on the central government’s move on cryptocurrency. Meanwhile, Finance Minister Nirmala Sitharaman said on Monday that she is waiting for cabinet approval on the bill related to cryptocurrency. He told that the proposed bill has been placed before the cabinet. The Inter-Ministerial Committee on Cryptocurrencies, constituted under the chairmanship of the Secretary, Economic Affairs, to study the issues related to digital currency and propose specific actions, has submitted its report.
What the committee has done in its report The
committee has recommended in the report that all private cryptocurrencies except any digital currency issued by the Narendra Modi government of the Center in India (Cryptocurrency Ban) should be banned. . Finance Minister Sitharaman said that the cabinet note on the bill related to cryptocurrency is ready. I am waiting for the Cabinet to approve it. The Reserve Bank of India (RBI) has informed the central government about its concerns regarding the prevailing cryptocurrency in the market.
Expressed hope on inflation, revenue and credit growth
Finance Minister Sitharaman has expressed hope that the inflation rate will remain in the range of 2 to 6 percent during the current financial year. RBI has been asked to maintain retail inflation at 4 per cent. It can remain above or below 2%. Sitharaman also expects an increase in revenue during the coming months. He said that in the last few months, improvement has been registered in the Goods and Services Tax (GST) and Direct Tax. On increasing demand in the Indian economy, he said that the liquidity in the market remains good. Also, there will be an increase in credit growth in the festive season.
