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All not over for crypto currency in India: regulatory regime likely next month

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While the Supreme Court is slated to hear on July 3 petitions against restrictions imposed on cryptocurrencies by Reserve Bank of India, Finance Ministry is also expected to come up with new regulatory framework for the digital form of money in the first half of that month, said media reports.

Subhash Chandra Garg, Secretary of the Department of Economic Affairs (DEA) at the Ministry of Finance, told news channel ET Now that a draft has been put together and will be discussed in the first week of next month.

Garg, who is heading the committee tasked to determine the future of Bitcoin in India, explained: “We are fairly close to developing a kind of template which we think might be in the best interest of our country. We have prepared a draft which we intend to discuss with the committee members in the first week of July.”

The DEA secretary said that the committee has made a lot of progress with regard to determining “what part of business should be banned, what should be preserved, and what not.” In his words, the lower detail work has already happened. “We should be in the position to wrap this up in the first fortnight of July,” he said.

In previous comments, Garg said the Indian government “does not read this [cryptocurrency] as currency” and would not allow its use in the country’s payment system. This, he explained, means the executive power “would do something to eliminate” the illegal use of “crypto assets.”

Nevertheless, he recognized that some people may still find value in cryptocurrencies and that would require introducing certain regulations so that crypto transactions are legal and transparent.

Earlier reports that the roles of regulators had been decided and that the new rules were coming soon were not confirmed by concrete actions.

Subhash Garg also noted that cryptocurrency exchanges in India are not regulated and indicated that the upcoming regulations would introduce legal requirements for know your customer (KYC) procedures and record keeping for transactions. In February, he expressed hope that his committee would finalize its recommendations within this financial year. Then, legal changes would have to be made and regulatory responsibilities assigned.

According to media reports, however, the panel headed by Garg is the second body formed to come up with a solution, after the first committee failed to complete the task.

Indian authorities have been sending mixed signals about the future of cryptocurrencies, along with issuing warnings and applying restrictive administrative measures. In his budget speech in February, Finance Minister Arun Jaitley reiterated the official position that cryptocurrencies are not recognized as legal tender and said the government will crack down on their use for illegal activities. Since then, the Income Tax Department has issued notices to thousands of crypto investors accusing them of tax evasion. For its part, the Reserve Bank of India ordered all regulated financial institutions to quit providing services to businesses and individuals dealing in cryptocurrencies. Nevertheless, there are voices within the Indian government that insist Bitcoin has its place in India.

Supreme Court Resets Hearing Date to July 3

The RBI gave commercial banks three months to comply with its directive formally motivated with the need to protect consumers and prevent money laundering. Recently, the central bank admitted it had done no proper research into cryptocurrencies before issuing its circular. In the past few weeks, local exchanges have been preparing for the ban by terminating fiat deposits and withdrawals while launching and expanding crypto-to-crypto trading.

Indian Crypto Regulations Ready in July, Official Reveals

A number of Indian crypto companies filed petitions against the restrictions that eventually reached the Supreme Court, which barred all other courts from accepting new petitions. The hearing was initially set for July 20, two weeks after the RBI comes into effect, on July 5, which triggered protests by the members of the country’s crypto community.

One of the companies that has filed a petition challenging RBI’s measures is the operator of the Indian exchange Coinrecoil, Kali Digital Eco-Systems. Its co-founder and director, Kunal Barchha, told news.Bitcoin.com that the Supreme Court has rescheduled the hearing for an earlier date on request by one of the other petitioners – the Internet and Mobile Association of India (IAMAI). The review is now set to take place on July 3, before the enforcement of the ban. Mr. Barchha also said that Coinrecoil’s lawyer will file a similar request on July 2 and he expects the court to honor it. (Agencies)

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Journalist files police complaint against Rahul Gandhi over push allegation

Journalist Richa Parashar has filed a criminal complaint against Rahul Gandhi and others, alleging that she was pushed while covering the Opposition’s march to the Supreme Court. The Congress has denied the allegation.

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Journalist Richa Parashar has filed a police complaint against Congress leader Rahul Gandhi over an alleged incident during the INDIA bloc’s march to the Supreme Court in New Delhi on October 12. She has sought the registration of a First Information Report (FIR) against Gandhi and others, alleging that she was pushed while covering the protest.

Parashar submitted her complaint to the Deputy Commissioner of Police (DCP), New Delhi district, on Friday, seeking immediate action. She has said she was three months pregnant at the time of the alleged incident and accused those involved of mistreatment, threats and the use of force.

What Richa Parashar alleged in her complaint

Parashar alleged that she was reporting on the Opposition’s march when the incident occurred. According to her earlier account, she was waiting near a gate on the Supreme Court premises to seek a response from Gandhi when he allegedly grabbed her hand and pulled her forward. She further alleged that his security personnel pushed her away, causing her to fall on the Supreme Court steps.

In her complaint, Parashar said she asked Gandhi questions before he allegedly pushed her towards a gate. She claimed that the force caused her to lose her balance and fall, and that her repeated requests not to be pushed were ignored.

Parashar has sought legal action against Gandhi and others whom she alleges were involved. The complaint reportedly seeks action under provisions of the Bharatiya Nyaya Sanhita (BNS), 2023, including Sections 74, 115(2), 131, 125 and 3(5). These provisions concern alleged assault or criminal force against a woman, voluntarily causing hurt, assault or criminal force, acts endangering human life or personal safety, and joint liability for acts committed with common intention.

The allegations and the sections cited in the complaint do not, by themselves, establish criminal liability.

Congress disputes the allegation

The Congress has challenged Parashar’s account of the incident. According to report, the party said a video released by the journalist did not show the sequence of events she described.

Congress leader Alka Lamba also questioned the circumstances surrounding the incident and accused those raising the issue of attempting to manufacture propaganda.

The allegations remain disputed. The complaint and the competing accounts should not be treated as an established finding of wrongdoing.

Incident took place during Opposition’s Supreme Court march

The alleged incident occurred on October 12, when Rahul Gandhi and other INDIA bloc leaders marched to the Supreme Court to submit a petition concerning alleged irregularities in the Election Commission’s Special Intensive Revision (SIR) of electoral rolls.

The Opposition has raised concerns about the voter-list revision process and alleged irregularities.

Parashar’s police complaint adds a legal dimension to the controversy surrounding the march. Any further action will depend on the police process and the relevant legal proceedings.

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Delhi court orders release of CJP founder Abhijeet Dipke

A Delhi court on Saturday ordered the conditional release of Cockroach Janta Party founder Abhijeet Dipke, who was detained and subsequently arrested ahead of a planned protest march at Connaught Place.

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Abhijit Dipke

A Delhi court on Saturday ordered the conditional release of Cockroach Janta Party (CJP) founder Abhijeet Dipke, a day after he was detained and subsequently arrested ahead of a planned protest march in the national capital. The march was scheduled to take place at Connaught Place as part of demonstrations against alleged electoral irregularities.

Dipke was asked to furnish a bond and undertake to maintain peace as a condition of his release, according to reports. The court’s order came after he was produced before a Special Executive Magistrate following his arrest on Friday.

Why Abhijeet Dipke was detained

Dipke had planned to participate in the ‘Lehra Do Tiranga’ march at Connaught Place, where participants intended to gather and wave the national flag. The proposed demonstration was part of ongoing protests over alleged irregularities in the Special Intensive Revision (SIR) of electoral rolls and demands for the resignation of Chief Election Commissioner Gyanesh Kumar.

According to the Delhi Police, Dipke was taken into preventive custody before being formally arrested in a case related to the apprehension of a breach of peace. Police cited Sections 126 and 170 of the Bharatiya Nagarik Suraksha Sanhita (BNSS).

Neha Bora was also detained

All India Students’ Association (AISA) president Neha Bora was also detained on Friday ahead of the planned march. She was released early Saturday morning after completing the formalities associated with her detention, according to the report.

Bora criticised the police action and called for the release of protesters who remained in custody. She also demanded an end to the SIR exercise and sought the resignation of Chief Election Commissioner Gyanesh Kumar. These were her demands and allegations, rather than findings established by the court.

Protests over electoral rolls continue

The demonstrations involving CJP, student groups and opposition supporters have centred on allegations of irregularities in the voter-list revision process. Critics have questioned the exercise, while the Election Commission has maintained that its decisions were approved by the Supreme Court. The BJP has criticised the protests, describing them as attempts to spread anarchy, according to the report.

Dipke’s conditional release marks the latest development in the dispute over the planned Delhi protest. The court’s order concerns his release under specified conditions; it should not be interpreted as a judicial finding on the wider allegations surrounding the electoral-roll revision.

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Anirudh Ravichander to marry Kavya Maran in November, reception on November 21

Anirudh Ravichander and Kavya Maran are set to marry in November, with their Chennai wedding reception scheduled for November 21.

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Music composer Anirudh Ravichander and Sunrisers Hyderabad executive Kavya Maran are set to marry in November. Their wedding reception is scheduled to take place in Chennai on November 21, according to an announcement by Telangana Chief Minister A Revanth Reddy’s office.

The development followed a meeting between Revanth Reddy and Kavya’s parents, Sun Group chairman Kalanithi Maran and Kavery Maran, at the chief minister’s residence in Jubilee Hills, Hyderabad.

According to the Telangana Chief Minister’s Office, the couple’s reception is scheduled for November 21, with Kavya’s parents extending an invitation to the chief minister.

Telangana CM’s office announces reception date

The Telangana CMO shared photographs and videos of the meeting on its official social media account on October 16. The announcement stated that Kalanithi Maran and his wife had met Revanth Reddy to invite him to their daughter’s wedding reception.

The post specifically confirmed that the reception of Kavya Maran and Anirudh Ravichander would be held in Chennai on November 21.

The announcement provided an official confirmation of the reception date and venue, while details about the wedding ceremony itself have also been reported separately.

Who are Anirudh Ravichander and Kavya Maran?

Anirudh Ravichander is a prominent music composer in the Indian film industry. He gained widespread recognition with the song “Why This Kolaveri Di” and has since composed music for several major films, including Leo, Indian 2, Vettaiyan, Vidaamuyarchi and Coolie.

Kavya Maran is the daughter of Kalanithi Maran, chairman of the Sun Group. She serves as an executive director at Sun TV Network and is widely recognised in cricket circles for her association with Sunrisers Hyderabad, the IPL franchise.

Wedding rumours and reported ceremony details

Speculation about a possible marriage between Anirudh Ravichander and Kavya Maran had circulated before the latest announcement. Earlier reports in August 2026 discussed the possibility of a November wedding in Greece.

A subsequent report said the wedding was reportedly scheduled to take place in Greece on November 11. However, the couple had not directly confirmed their wedding plans in the cited report.

The Telangana Chief Minister’s Office has confirmed that the reception is scheduled for November 21 in Chennai. The reported wedding ceremony details should therefore be attributed to reports rather than presented as officially confirmed information.

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