He simultaneously added that blockchain technology is different from cryptocurrencies and the benefits of the former have to be exploited. “But, on crypto, we have major concerns from the financial stability angle,” he said.
The idea is to boost the non-debt capital receipts, which are currently raised solely via disinvestment of government stakes in central public sector undertakings (CPSEs). In parallel, the government has also adopted a policy of aggressive privatization of CPSEs, as it seeks to make up for the low tax revenue buoyancy in the short term.
