Question
Recently RBI launches the first pilot project for
central bank digital currency (CBDC), also known as digital rupee or e-rupee, the central bank has identified how many banks to participate in commencing the first pilot?Solution
The Reserve Bank of India (RBI)┬а launches the first pilot project for central bank digital currency (CBDC), also known as digital rupee or e-rupee. The first digital rupee pilot will be in the Wholesale segment and the central bank has identified nine banks to participate in commencing the first pilot. The nine banks are State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, and HSBC. The pilot project will focus on settlement of secondary market transactions for government securities. Central Bank Digital Currency (CBDC) is a digital form of legal tender issued by the RBI. IndiaтАЩs CBDC will be called тАШeтВ╣тАЩ, and it can be exchanged one-for-one for fiat currency as it is a digital form of rupee. RBI Headquarters: Mumbai┬а┬а┬а┬а┬а┬а┬а┬а Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar, MK Jain, MD Patra, M Rajeshwar Rao The Reserve Bank of India defines Central Bank Digital Currency (CBDC) as a digital form of legal tender issued by a central bank. Simply put, it is a digital form of fiat currency, i.e. The Indian Rupee. As a result, it can be exchanged for fiat currency one for one. CBDC will have all of the advantages that we see with cryptocurrencies and digital forms of payment like it can never be torn, burned, or physically damaged. They are also not physically lost. In comparison to notes, the lifeline of a digital form of currency will thus be indefinite.The Digital Rupee will bring with it another significant advantage in terms of cryptocurrencies which is that it will be governed by a central authority, reducing the volatility risk associated with other digital currencies such as Bitcoin.
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдореЗрдВ рд╕реЗ рдХреМрди рд╕рд╛ тАШ corporate resolution ┬а рд╢рдмреНрдж рдХрд╛ рдмреИрдВрдХрд┐рдВрдЧ рд╢рдмреНрджрд╛я┐╜...
рд░рд╛рдЬрднрд╛рд╖рд╛ рдирд┐рдпрдо 1976 рдХреЗ рд╡рд┐рд╖рдп рдореЗрдВ рд╕рд╣реА рдХрдердиреЛрдВ рдХрд╛ рдЪреБрдирд╛рд╡ рдХреАрдЬрд┐рдпреЗред
i . ...
рд░рд╛рдЬрднрд╛рд╖рд╛ рдЖрдпреЛрдЧ рдХреЗ рд╕реНрдерд╛рдкрдирд╛ рдХрд╛ рд╡рд░реНрд╖ рд╣реИ ?
рдирд░рд╛рдХрд╛рд╕ рдХрд╛ рдЧрдарди рд░рд╛рдЬрднрд╛рд╖рд╛ рд╡рд┐рднрд╛рдЧ рдХреЗ ______┬а рд╕реЗ рдкреНрд░рд╛рдкреНрдд рдкреНрд░рд╕реНрддрд╛рд╡реЛрдВ я┐╜...
рд░рд╛рдЬрднрд╛рд╖рд╛ рд╡рд┐рднрд╛рдЧ рдХреЗ рдЕрдзреАрди рд╕реЙрдлреНрдЯрд╡реЗрдпрд░ рдХрдВрдард╕реНрде рдореЗрдВ рдкреНрд░рдпреЛрдЧ рд╣реЛя┐╜...
If you look around, you will realise the reality of today.
The officials who were assigned duties in elections, they were trained by the training officer priors to elections. ┬а
рд╣рд┐рдВрджреА рд╕рд╛рд╣рд┐рддреНрдп рдореЗрдВ ' рдЫрд╛рдпрд╛рд╡рд╛рдж ' рдЖрдВрджреЛрд▓рди рдХрд╛ рдЖрд░рдВрдн рдХрд┐рд╕ рд╡рд░реНрд╖ рдореЗрдВ рд╣реБ...
рдХрд┐рд╕ рдирд┐рдпрдо рдХреЗ рдЕрдВрддрд░реНрдЧрдд рдкреНрд░рд╢рд╛рд╕рдирд┐рдХ рдкреНрд░рдзрд╛рди рдХреЛ рд░рд╛рдЬрднрд╛рд╖рд╛ рдЕрдзрд┐рдирд┐рдпрдо я┐╜...
рдЕрдирд┐рд╡рд╛рд░реНрдп рд╢рдмреНрдж рдХрд╛ рд╕рдорд╛рдирд╛рд░реНрдереА рд╢рдмреНрдж рд╣реИ тАУ