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
After raising key interest rates by 75 basis points in four consecutive monetary policy meetings,
India has given its best performance so far in the Asian Games 2023. India has won 71 medals incl
PM Modi thanks world leaders including Biden, best wishes on assuming the presidency of India's G-20
Prime Minister Narendra Modi on Sunday thanked world leaders, including US President Joe Biden an
India is the number-1 one priority of the US in terms of getting an American visa. According to U
After man-of-the-match captain Suryakumar Yadav's century, with the help of Chinaman bowler Kulde
Women will not be able to go to amusement parks in Afghanistan, Taliban ban
Women in Afghanistan will no longer be able to go to amusement parks. The Taliban have banned the
SC Demonetisation Judgment Today Supreme decision will come today on the questions raised regardi
After the death and last rites of play school teacher Manisha, there is a sad atmosphere in the h
The plot to target a mosque in the capital of Pakistan's restive Khyber Pakhtunkhwa province was
The deployment of central forces started in West Bengal after the order of the Supreme Court. The
