India is about to regulate cryptocurrencies: the government is drafting a consultation paper and consulting interested parties.

Finance Minister Nirmala Sitharaman, in October 2023, said that the G20 nations have adopted a unified approach to regulating cryptocurrencies.

A consultation document on cryptocurrencies will be released by a panel chaired by the Secretary of the Department of Economic Affairs (DEA), and it is anticipated to be published in September or October, according to sources.

The government of India is actively involved in determining the direction that digital currencies will take in the country, as evidenced by this paper that seeks input from stakeholders on how to regulate crypto assets.

October 2023 saw the Finance Minister, Nirmala Sitharaman, declare that the G20 countries have united in their stance to cryptocurrency regulation.

Since everyone is now in agreement on the global scale on the possibility of regulations, nation-specific legislative procedures will also need to be worked out.

Tata Power shares rise by 6% as the company launches production at India’s largest solar facility.

September 10, 2024 5:49 am

Tata Power has initiated production at its new 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. This facility is the largest domestic single-location plant and utilizes advanced technologies to enhance solar cell efficiency. The ramp-up in production is expected to significantly strengthen Tata Power’s position in the renewable energy sector and support India’s solar energy goals

Read More »

The share prices of Patel Engineering and RVNL rose by more than 5% following the agreement to undertake electricity infrastructure projects.

August 30, 2024 10:06 am

According to RVNL, the primary goals of the MoU are to collaborate and provide a supportive environment in order to achieve synergies in hydroelectric and other infrastructure projects. The business recently defeated Southern Railway to get the lowest bid (L1) on a project worth more than ₹111.38 crore. The directive must be carried out, according to RVNL, within 18 months.

Read More »