SEBI imposed a fine of Rs 40 crore collectively on RIL and its Chairman Mukesh Ambani. Apart from Reliance Industries, two other companies were also fined for allegedly manipulating shares in Reliance Petroleum Ltd. (RPL).
The Indian government is weighing a proposal to impose 18% GST (Goods & Service Tax) on Bitcoin trading, considering the potential to generate over Rs 7,200 crore revenue annually.