Finance Minister Nirmala Sitharaman said on the concern of the Supreme Court in the Adani-Hindenburg case, India's regulator is very experienced

On the concern of the Supreme Court in the Adani-Hindenburg case, Finance Minister Nirmala Sitharaman said on Saturday that the regulators in India are very experienced and experts in their field. The Supreme Court on Friday heard a petition seeking intervention in the Adani dispute. Chief Justice D.Y. Chandrachud, while hearing the matter on Friday, said that do we intervene and there is a mechanism to ensure that this does not happen again, we do not want to get into policy matters. This is for the government. The Supreme Court also sought answers from the Finance Ministry and SEBI on how to ensure investor protection in the light of the recent market fall following stock manipulation allegations by American firm Hindenburg against the Adani Group.

Finance Minister Nirmala Sitharaman said, clearly you are not expecting me to tell you what I will say in the court. Union Finance Minister Nirmala Sitharaman attended the Central Board meeting of the Board of Directors of the Reserve Bank of India (RBI) after the Union Budget 2023-24. Reserve Bank of India Governor Shaktikanta Das was also present at the meeting. In a press conference after the meeting, Finance Minister Nirmala Sitharaman answered many questions bluntly.

On the new tax regime, Finance Minister Nirmala Sitharaman said that it will benefit the middle class as it will save more money in their hands. The Finance Minister said that it is important that people are allowed to make a personal choice as to where to invest.

In response to a question on regulating crypto assets, Finance Minister Nirmala Sitharaman said that technology has a greater role in cryptocurrencies, so we are talking to all countries that if rules are to be brought about crypto, will there be any standard operating procedure? Because there is nothing a single country can do about crypto. Discussions are ongoing with the G20 countries.