RBI Act 1934, will be amended to enable it to issue the digital currency. Although Central Bank Digital Currency (CBDC) are conceptually no different from banknotes, introduction of CBDC would require an enabling legal framework since the current legal provisions are made keeping in mind currency in paper form. Under the Reserve Bank of India Act, 1934, the Bank is empowered to “…regulate the issue of bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage” (Preamble). The Reserve Bank derives the necessary statutory powers from various sections of the RBI Act – with respect to denomination (Section 24), form of banknotes (Section 25), status as legal tender (Sec 26(1)) etc
What is the maximum limit for gold investing in a Sovereign Gold Bond Scheme by a trust?
भारत के संविधान सभा की संघ सामर्थ्य समिति के अध्यक्ष कौन थ...
Which of the Indian state _______ has the highest number of operational SEZ(Special Economic Zones)?
Name the state which recently approved 1% reservation for orphans in government jobs:
नक्सलवाद की जन्मस्थली ’नक्सलबाडी ’ निम्न में से किस रा...
Which year is referred to as the 'Year of the Great Divide' regarding population trends in India?
Where is the headquarters of the International Labour Organization (ILO)?
What is the maximum limit of starred questions that can be asked in the Lok Sabha on any given day?
Who is heading the MSME(Micro, Small and Medium Enterprises)?
‘The Gadkalika Devi’ temple is located in which of the following city of India?