A Bank for International Settlements survey shows that, compared to last yr, world economies seems more likely to issue Central Bank Digital Currency (CBDC) in medium term than short term.
RBI piloted Central Bank Digital Currency, or e-rupee, last November and now hopes to ramp up its use through UPI. But experts say lack of awareness and adoption are obstacles.
Could the eRupee piggyback as a key piece of the larger 'digital stack'? RBI's concept note gives a direction, but there are concerns that must be addressed.
With the rising rate of cryptocurrency adoption worldwide, many countries like India have started to test the waters of digital currency by launching their own Central Bank Digital Currency (CBDC). But how does it work?
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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