digital rupee

File photo of Union Finance Minister Nirmala Sitharama | Photo Credit: PTI Digital or e-rupee worth over ₹130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on March 13. The Reserve…

For representative purposes only | Photo Credit: Getty Images The story so far: RBI Governor Shaktikanta Das had stated during the last Monetary Policy Committee (MPC) address that the apex banking regulator, in collaboration with banks,…

Banks will be provided this incentive money to promote digital payments such as RuPay cards and Unified Payments Interface. File | Photo Credit: Reuters The Union Cabinet approved an outlay of ₹2,600 crore to promote payments using RuPay…

Image for representation | Photo Credit: Reuters The Union Cabinet approved an outlay of ₹2,600 crore to promote payments using RuPay cards and the Unified Payments Interface (UPI), Union Minister Bhupendra Yadav announced on Wednesday.…

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The proposed digital rupee to be issued by the Reserve Bank of India (RBI) starting from the next financial year will give a boost to the digital economy. Announcing the introduction of the digital rupee Finance Minister in her…

Why is the Government introducing CBDCs? What will be the risks in the transition to a new monetary system? The story so far: In the Budget presented for 2022-23, Finance Minister Nirmala Sitharaman had announced the introduction of…

A digital currency is likely to save operational costs – of printing, distributing and storing currency notes - for the Reserve Bank of India (RBI), with a portion of the cash in circulation likely being replaced with online legal tender.…

Hindi NewsBusinessRBI Digital Currency; Cryptocurrencies Customers Increased By 30 Percent In Indiaमुंबई17 घंटे पहलेकॉपी लिंकक्रिप्टोकरेंसी पर बजट में टैक्स का फैसला होने के बाद इसके ग्राहकों में तेजी से बढ़त आई है। एक फरवरी के बाद से ज्यादा…

Finance Minister Nirmala Sitharaman in her fourth budget speech announced that the Reserve Bank of India (RBI) will issue India’s own digital Rupee in Financial Year 2022-23. The digital Rupee is popularly known as Central Bank Digital…