Everything you want to know about CBDC

Source: Business Standard Relevance: CBDC, its potential impact, relevant suggestions Synopsis: The central bank digital currency will neither substitute nor compete with cryptocurrency; it’s just a wallet. An analysis of its inherent problems and a way forward. Background The RBI has been working towards a phased implementation of a central bank digital currency (CBDC) with… Continue reading Everything you want to know about CBDC

How e-RUPI can make welfare payments easier?

Source: Live Mint What is the news? Government of India recently launched e-RUPI which can make welfare payments easier and more efficient, and to an extent looks like the precursor of a Central Bank Digital Currency (CBDC). Must Read: What is e-RUPI and how does it work? What will e-RUPI be used for?  The most… Continue reading How e-RUPI can make welfare payments easier?

PM to launch digital payment solution e-RUPI

Source: PIB  What is the News? The Prime Minister has launched a digital Initiative named “e-RUPI”.  About e-RUPI: e-RUPI is a cashless and contactless instrument for digital payment. It is founded on the Unified Payment Interface(UPI) platform. Purpose: It is designed to be a person and purpose-specific digital payment solution. It seeks to ensure that… Continue reading PM to launch digital payment solution e-RUPI

Digital Economy Report 2019

News:United Nations Conference on Trade and Development (UNCTAD) has released the Digital Economy Report 2019. Facts: About the report: The report outlines enormous potential gains from the increasingly interconnected global economy but calls for concerted global efforts to spread the wealth potential to the many people who currently reap little benefit from it. The report… Continue reading Digital Economy Report 2019