New Delhi, April 24 (IANS) Both cash and digital are indispensable for India and complement each other but there is a marginal substitutability, as a household may use UPI for many retail small payments but still keep cash at home for emergencies or informal transactions, a new SBI Research report said on Friday.Notably, India has launched Central Bank Digital Currency (CBDC) but the e-Rupee circulation is at a very small amount of Rs 1,016 crore till March 2025, and there is a need for further …
Latest CBDC News & Updates
Gandhinagar, Feb 13 (IANS) Union Home Minister Amit Shah will inaugurate India’s first Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) on Sunday at the Mahatma Mandir in Gujarat’s Gandhinagar, government officials said on Friday. The initiative, undertaken by the Gujarat Food, Civil Supplies and Consumer Affairs Department, introduces subsidy transfers through the Reserve Bank of India-authorised CBDC platform.The system has been developed by the Punjab National Bank …