New Delhi, April 21 (IANS) The Reserve Bank of India (RBI) is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of interest rates, Governor Sanjay Malhotra has said, adding that prolonged supply disruptions risk embedding inflation into India’s broader price level.In his speech at Princeton University in the US, Malhotra said the ongoing conflict poses a direct threat to the Indian economy given the region’s outsized role in the coun…
Latest Digital Currency News & Updates
New Delhi, Feb 25 (IANS) The Centre will launch a Central Bank Digital Currency (CBDC)-based food subsidy distribution pilot project under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in the Union Territory of Puducherry on Thursday in a major step towards strengthening India’s digital public infrastructure and enhancing transparency in subsidy delivery, according to an official statement.The digital rupee or e-rupee is a tokenised digital version of the Indian rupee, issued by the Res…