Indian Budget Ahead

Indian Budget Ahead

Broadcast on: January 20
Duration: 4:19

Welcome to The Daily Forkast – January 20, 2023 – presented by Joel Flynn.

Right in the midst of the crypto winter, India introduced two new crypto taxes which caused trading volumes to plummet. A 1% tax deducted at source is levied on all transactions over around US$120, along with a 30% tax on gains from digital assets.

A local think tank has said these taxes could lead to losses of up to around US$1.2 trillion in local exchange trading volume over the next four years, so the industry is undoubtedly hoping for better news at this year’s parliament budget session.

We’ll have more on that story in this episode of The Daily Forkast.

  • Chief Correspondent

    Joel Flynn, Chief Correspondent, Forkast News

What's happening on OETV

No upcoming videos or events

We didn't find any upcoming videos or events in your selected timeframe. Change your timeframe or check back soon for more!

No upcoming videos or events

We didn't find any upcoming videos or events in your selected timeframe. Change your timeframe or check back soon for more!

X

We value your privacy

This website or its third party tools uses cookies, which are necessary for its functioning and required to achieve the purpose illustrated in our Privacy Policy. By clicking "Accept" or dismissing this notice, you agree to our website's use of cookies.