Bitcoin is not banned in India. Reserve bank has just cautioned users of the risks associated with Virtual Currencies. Please read the press release here,

http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30247

Thanks was really looking forward to find this. It helps alot.

First of all Asalam O Alikum to all my Friends.

It's been a long time since my last post. I wish I could get the free time back that I had before the Job.

Vaisajne Thanks for answering Dmz241's question. Things have changed a lot since that post of mine and now even Paypal is almost at a position to accept Bitcoin. Here have a look

http://www.forbes.com/sites/ryanmac/2014/09/23/paypal-takes-small-step-toward-bitcoin-partners-with-cryptocurrency-processors/