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In the view of Indian Governtment Bitcoin is Legal. Means if we trade Bitcoin from India is there any legal issues?

Right suggestion only.

Yes bitcoin is still legal in India,but there is a serious discussion going on Indian government for regulating the bitcoins because Indian government realized that many people from India are earning huge money through crypto currency but no one is paying taxes for that income.Recently a central minister address about this issue in parliament.Since that there are lots of rumors created that India banned bitcoins but not yet maybe soon we have the official announcement from the Indian government.

The Indian Government has not taken any decision regarding the legality of bitcoins so it is wrong to say that bitcoin is legal in india. Government has constituted a committee to study the possible tax frame and whether the bitcoin should be regulated or not ? At the moment, you can trade into the bitcoins but government authorities may ask you to pay the tax on the income generated through trading of bitcoins.

It does only mean that they don't encourage people of investing in Bitcoin because scams are so mainstream in their city that's why the government have taken some actions to inform their people that not to invest to some 'too good to be true' aka ponzi scheme. It is widely reported lately as what i have read from the news but they didn't really ban Bitcoin at all they just pose a warning to everyone on their country.

I do agree on this which a lot of scammers are using the fame of Bitcoin and applying it to their pyramid ponzi scheme. But the Indian government has not yet confirming it and it might be one of the fake news that someone was spreading to create a negative effect on Indian investors. That's why maybe Bitcoin now is not yet moving up. People should learn to know the truth and do their own research if everything was too blurry.