The Winter Session of Parliament has begun and the Cryptocurrency Bill is likely to be introduced soon. Earlier on Monday, the Reserve Bank of India (RBI) has proposed to the central government to launch digital currency in the country. In this proposal of the Reserve Bank, it has been said to increase the scope of the definition of banknote. The central bank has recommended acceptance of the currency in digital form.
Need for amendment in RBI Act
In the proposal given by RBI, it has been said that there will be a need to amend the Reserve Bank of India Act 1934 (RBI Act 1934) to launch a central bank digital currency in the country. Significantly, the Reserve Bank of India has been preparing to bring its digital currency (CBDC) for a long time.
Counted these benefits in the proposal given to the government
According to the proposal of RBI, many benefits are possible once the central bank's digital currency comes into existence. This will help reduce dependence on cash, as well as promote transparency. Along with this, another big advantage will be that after the introduction of digital currency, the government's expenditure for printing cash will also come down.
Discussion on bitcoin on the first day of the winter session
Earlier today, the name of the Cryptocurrency Bill resonated after the winter session of Parliament began. In response to a question asked in the Lok Sabha regarding bitcoin transactions in the country, the Finance Ministry in a written reply said that the Government of India does not collect data on bitcoin transactions at all. It added that there is no proposal to recognize bitcoin as a currency in the country.
RBI digital currency mentioned
The Finance Ministry has said that the Reserve Bank of India (RBI) is investigating the use cases for digital currencies and the central bank is working on a phased implementation strategy for the launch of its digital currency (CBDC), in which no There is no disturbance. This could lead to a more robust, reliable, regulated, and legal tender-based payment option.
Singapore Open: PV Sindhu reaches final of Singapore Open, defeats Japanese player in semi-final
Indian badminton star PV Sindhu has reached the final of the Singapore Open. She defeated Saina Kawakami of Japan 21-15, 21-7 in the semi-final match. Kawakami was ranked below Sindhu and her chances
Operation Amritpal: Waris Punjab De chief Amritpal caught along with six accomplices, internet shut down in Punjab till tomorrow
On Saturday, the Punjab Police took Waris Punjab De chief Amritpal Singh into custody along with six of his associates in connection with the attack on Ajnala police station. However, it has not been
Chandrayaan-3: America supported the Chandrayaan-3 mission, and Europe-Australia agencies also got support
The Indian Space Research Organization (ISRO) launched India's third lunar mission 'Chandrayaan-3' on Friday. Various space agencies including Europe, Australia, and America also got cooperation in
Manipur Review Meeting: Amit Shah held an important meeting regarding Manipur, and the security situation was reviewed.
Union Home Minister Amit Shah chaired a meeting at the Home Ministry to review the security situation in Manipur. The meeting was attended by Manipur Governor Ajay Kumar Bhalla and others. This is the
Delhi Election 2025 Date: Delhi election dates are to be announced today, The Election Commission will hold a press conference at 2 pm
The Election Commission will announce the dates of the assembly elections in the capital, Delhi, today. According to the information received, the Election Commission will hold a press conference at 2
FIR on the brother of Pt. Dhirendra Shastri of Bageshwar Dham: fired in the air with a knife at the wedding; There was also a fight, and the procession returned in fear
Police have registered an FIR against Sourav Garg alias Shaligram, brother of Peethadhishwar Pt. Dhirendra Shastri of Bageshwar Dham. Two days ago, a video of Shaligram went viral on Facebook, in
North Korea will expand military exercises and strengthen war preparations, dictator Kim Jong Un ordered
North Korean dictator Kim Jong Un has ordered the country's military drills to be expanded and war preparations strengthened. Kim Jong Un has taken this decision regarding the growing tension with
Russia-Ukraine war: Ukraine breaks diplomatic relations, angered by North Korea's statement on Donbass, 23 civilians injured in Russian attack in Zaporizhia
Amid the Russia-Ukraine war, North Korea has spoken of recognizing the Donbas as a separate country. After this announcement, Ukraine announced to end all diplomatic relations with North Korea. Before
Nitish Kumar doubts BJP: Party planning to oust him like Maharashtra, accused of breaking the party
In Bihar, the tussle with the alliance partner of the ruling Janata Dal-United is increasing. One of the major reasons for this is the fear of Bihar Chief Minister Nitish Kumar. Sources say that
PM Modi In Tamil Nadu: 'Many schemes in our name and scams in their name', PM Modi lashed out at the opposition in Tamil Nadu
Prime Minister Narendra Modi is on a tour of South India for preparations for the Lok Sabha elections. The focus of PM Modi and BJP is on about 129 Lok Sabha seats in the South. In this context, PM
