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Digital currency e-rupee or Central Bank Digital Currency (CBDC) is a digital form of currency notesissued by a central bank. Reserve Bank broadly defines CBDC as the legal tenderissued by a central bank in a digital formshall be accepted as a medium of paymentand a safe store of value. The Reserve Bank announced the launch of the first pilot for retail digital Rupee(e₹-R)on December 01, 2022. Thee₹-R offers features of physical cash like trust, safety and settlement finality. As in the case of cash, it will not earn any interest and can be converted to other forms of money, like deposits with banks.
What percentage of the ₹2,000 banknotes in circulation as of May 19, 2023, has been reported as returned by the Reserve Bank of India (RBI) based on t...
Which female cricketer has been appointed by the Uttar Pradesh government to the post of DSP in UP Police?
Binny Bansal, the co-founder of which company, has launched a new venture named "OppDoor" to assist e-commerce companies in expanding their global opera...
How many gold medals did India win at the 18th Asian Games in Jakarta and Palembang, Indonesia?
The Securities and Exchange Board of India (SEBI) has debarred Zee Entertainment Enterprises (Zee) promoter and Essel group Chairman Subhash Chandra and...
Which financial institution introduced 'eSvarna,' recognized as India's inaugural Corporate Credit Card on the RuPay network?
Indian Classical Dance is an umbrella under which various performing arts are traced to the Sanskrit text Natya Shastra. Who authored this foundational ...