India's finance minister, Nirmala Sitharaman said on Friday that the government has the sovereign right to tax profit made from cryptocurrency transactions. She added that the decision on banning or not banning will be taken depending on feedback from consultations.

'Sovereign right' to tax: This is what Nirmala Sitharaman said about India's cryptocurrency tax in parliament

After presenting the Budget in Parliament, India's finance minister Nirmala Sitharaman said that India's central bank will issue digital currencies. Sitharaman said consultations with stakeholders on the description of digital assets is underway while adding that the RBI will issue digital currencies in the country.

Indian Union Budget 2022: We are tracking every transaction in crypto assets, says Nirmala Sitharaman

Rs 200 crore has been allocated as aid to Afghanistan in India's Budget for financial year 2022-23. Afghanistan witnessed the Taliban's takeover in August last year and since then India has sent humanitarian aid to the country in form of medicines.

Budget 2022: India allocates Rs 200 crore to Taliban-ruled Afghanistan

According to India's Economic Survey 2022, the country has fiscal space to do more to support the economy and has the legroom to boost spending to become the world's fastest-growing economy overtaking China.

India Budget 2022: India can become world’s fastest growing economy: Economic Survey