I can't believe I fell for the false news. I was busy criticising India for making such a controversial decision. Thanks to the updates from @zer0hedge, I would still be criticing India for the decision It never made.
Intending to ban the usage of cryptocurrencies in financial crimes and illicit activities is something we would all encourage. These illegal activities are killing the name of cryptocurrency exchange and banning them should be every country's priority.
It's great news to here Indian cryptocurrency exchanges assisted local enforcement in investigating into a bank theft that led to the loss of millions of dollars, this shows there is a good bond between the government and cryptocurrency market in India. Something which will greatly influence good working conditions for India Blockchain Committee.
Misinterpreting the communication was unprofessional of India's media outlets which had caused some panic in the public. They need to be regulated by a commission appointed by the government.