There are a lot of promising news coming up from India, i am not sure whether the government will see those and make any decisions as they are loosing the opportunity to make India to have a competitive market space when it comes to the world market in the virtual market as majority will be shutting their doors and looking elsewhere that favors these innovative start ups.

Tech lobby urges central bank to favor bitcoin start ups
The article looks promising but whether it will make any changes is another question.