Reserve Bank of India Governor Shaktikanta Das has said that yesterday itself we started the trial of Central Bank Digital Currency (CBDC). The Governor of the Reserve Bank said that this will prove to be a historic achievement as the functioning of the entire economy is linked to it. The Reserve Bank is one of the very few central banks in the world to have taken this initiative on its behalf. We will try to launch a full-fledged CBDC shortly. The retail part of the CBDC trial will be launched later this month. After that, the CBDC will be launched on a full scale. RBI Governor said that digital currency is something where we have to proceed very carefully.
RBI is keeping 'Arjun's eye' on inflation, says Governor Shaktikanta Das
The RBI governor, while speaking at the annual FIBAC conference of bankers, defended the actions of the central bank so far and said, "We have prevented a complete collapse of the economy by keeping rates low and refrained from taking premature tightening." The Indian economy is growing rapidly and gaining strength from its macroeconomic fundamentals and buffers. According to the IMF, India is one of the fastest-growing major economies. We are monitoring the inflation trend. Our endeavor to keep 'Arjun's eye' on inflation continues unabated.
Also Read: RBI launches pilot digital currency: No need to keep cash, CBDC wholesale starts with 9 banks
Voting is taking place today for the 119-member Telangana Assembly. More than three crore voters
Israel-Hamas war continues for the 15th day. The Israeli army is continuously targeting Hamas pos
Musk arrives at Twitter Headquarters with a sink: Changed his Twitter handle bio to 'Chief twit'
In the picture above, Tesla owner Elon Musk is seen entering a building with a washbasin. This bu
Superstar Ram Charan is busy shooting for his next film 'Game Changer'. The s
Since the beginning of the year, talks have started about Apple's upcoming line-up, the iPhone 15
6-year-old child fired in America: shot a female teacher in school, angry over a class dispute
A shocking case of firing has come to light from the US state of Virginia. Here a 6-year-old chil
American airplane company Boeing will invest Rs 1,600 crore in research and development (R&D)
Amidst the MCD elections, there is a continuous blame game between the BJP and the Aam Aadmi Part
Coronavirus cases have increased again in the country. Two days later, the cases of corona in the
Pramukh Swami Maharaj Nagar has been constructed in Ahmedabad for the centenary celebrations of P