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 Central Bank Digital Currency News & Updates
Ahmedabad, March 3 (IANS) Union Home Minister Amit Shah is expected to visit Ahmedabad on March 7 and 8, during which he will inaugurate and dedicate to the public key urban development projects valued at over Rs 60 crore, officials confirmed on Tuesday. According to officials, Shah will arrive in the city on the evening of March 7.On March 8, he will inaugurate a newly constructed sports complex in the Vastral area, costing Rs 61.67 crore.The facility has been described as a modern comple…
New Delhi, Feb 26 (IANS) The Government on Thursday launched a new pilot project that uses Central Bank Digital Currency (CBDC) to distribute food subsidies under the Pradhan Mantri Garib Kalyan Anna Yojana in Puducherry. The initiative aims to make the delivery of food benefits more transparent, efficient and secure by using the digital rupee for Direct Benefit Transfer (DBT).The pilot was inaugurated on February 26, 2026, in Puducherry by Union Minister for Consumer Affairs, Food and Public Di…
Gandhinagar, Feb 15 (IANS) Union Home Minister Amit Shah on Sunday rejected the Congress’s claims that India’s recent trade agreements with the United States and the European Union would harm farmers, saying that “the government had ensured full protection for agriculture, dairy and fisheries in every pact”. In his address at a gathering in Gandhinagar after inaugurating the country’s first Central Bank Digital Currency-based Public Distribution System, Shah accused the Congress and its leader, …
Gandhinagar, Feb 15 (IANS) India accounts for more than half of the world’s total digital transactions, Union Home Minister Amit Shah said on Sunday while launching the country’s first Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) in Gujarat’s Gandhinagar.Speaking at a function held at Mahatma Mandir, HM Shah said India’s rapid digital transformation over the past decade had enabled the government to integrate advanced technology into welfare delivery.”A decade ago,…
New Delhi, Feb 15 (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.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 and will provide beneficiaries with digi…
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 …
New Delhi, Jan 17 (IANS) The Department of Economic Affairs (DEA), through policies across macroeconomics, capital markets, infrastructure, digital finance and investor protection and empowerment, has strengthened economic fundamentals and positioned India for sustained future growth, according to the government.For example, DEA guided India’s economic management, fiscal strategy, and financial sector coordination, while implementing reforms to support growth, stability, investment, and global…