This type of information states that India has taken again against this blockchain system what they have offered by some group of people.
I think this isn't a good initiative for the future purpose, day by day Blockchain system is being developed and organised whole around the world, not only that but also Bitcoin is taking its seat in the monetary world, already it's been recognized as one of the potential future's payment system. Since India has one of the largest population so they have taken a proper initiative regarding this issue.