Union Budget India 2018 - 9 Pointers on Financial Markets & Policy

Bar & Bench February 1 2018
Faranaaz Karbhari - Mumbai Sealink

Sumit Agrawal

Finance Minister Arun Jaitley tabled the Union Budget 2018 in the Parliament today. This piece quickly captures the 9-point regulatory updates from the perspective of capital, insurance and commodities markets.

BlockChain and CryptoCurrency

There was a debate in India if the virtual currencies like bitcoins, litecoins etc. fall under “Currency” under RBI Act, 1934 or a “legal tender” under the Indian Coinage Act, 1906 or “Securities” under Securities Contracts Regulation Act, 1956. Some people had argued such currencies to be treated . . .

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