Well, I was not able to find anything on TOI today. Let me know if you have anything.
http://economictimes.indiatimes.com/news/economy/finance/reserve-bank-of-india-wont-regulate-virtual-currency-bitcoin-yet/articleshow/21814624.cms
Hopefully the "yet" will be forever
I am speculating atleast 12 months more.
This news allows many people to come onboard and start using Bitcoin for their businesses.
Its what many have been waiting for.
You would assume that the regulations, subpoena's, etc will happen post that wave of people entering into this space.