Despite the recent surge in Bitcoin prices post-US presidential elections, the Union Finance Ministry in India has affirmed its commitment to global cryptocurrency regulations, prioritizing policies beneficial to the economy. The Department of Economic Affairs is working on a paper on cryptocurrency. The Indian government has implemented taxation measures on Virtual Digital Assets, including a 30% tax rate on gains and a 1% TDS on transfers exceeding a certain threshold.
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Bengaluru stampede: CM Siddaramaiah name-drops 'Maha Kumbh', says 'such incidents happened at many places'
Karnataka Chief Minister Siddaramaiah addressed the tragic stampede in Bengaluru that resulted in 11 deaths, stating he does not wish to defend the incident but noted that similar events have occurred elsewhere, including the Kumbh Mela. He emphasized the unexpected crowd size at the event, which exceeded the stadium's capacity, and announced a 15-day magisterial inquiry. Meanwhile, the BJP criticized the Congress-led government for alleged negligence in planning and security, asserting that proper coordination could...
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