Earlier this year during the budget session, the finance minister announced that the Reserve Bank of India will introduce Digital Rupee starting 2022-23. After releasing a concept note on Central Bank Digital Currency (CBDC) for India last month, the government has started pilot of Digital Rupee (e₹) for specific use cases. Continue reading “RBI begins Digital Rupee-Wholesale pilot today”
Tag: Digital Rupee
Budget 2022: Customs duty changes for wearables, hearables to boost local manufacturing; Digital Rupee by RBI in 2022-23
Indian government at the budget 2022-23 has proposed calibration of customs duty rates for electronics including wearable devices, hearable devices and electronic smart meters to boost domestic manufacturing. Continue reading “Budget 2022: Customs duty changes for wearables, hearables to boost local manufacturing; Digital Rupee by RBI in 2022-23”