The government is engaged on a set of FAQs on the taxation of cryptocurrencies, which can give a nuanced clarification on the applicability of revenue tax and GST on virtual digital assets, an official mentioned. Finance Minister Nirmala Sitharaman, in a sequence of tweets, said comparative information on development expenditure and subsidies showed that in the course of the Narendra Modi-led NDA authorities, they had been was far larger than beneath the UPA regime. The trades in international change markets level to an aggressive Federal Reserve as the primary driver, and the Russia-Ukraine conflict is additional hurting the currency listed on the opposite facet of the greenback trade.

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