• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 20, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

Digital rupee to be issued by the RBI in the upcoming year

by Sandra Theres Dony
February 1, 2022
in India News
Reading Time: 2 mins read
0
RBI
TwitterWhatsappLinkedin

RBI

You might also like

Tesla India Begins in Mumbai July 15, Expanded Showroom Plans Ahead

Over 200 Killed in Catastrophic Air India Crash Minutes After Takeoff from Ahmedabad

Liberian Cargo Ship MSC ELSA 3 Capsizes Off Kochi Coast, All 24 Crew Rescued

The national budget is something a good majority of the citizens look forward to. And the budget presentation for this year came with some interesting new steps the government intends to take in the direction of progress. The Central Bank is gearing up for the introduction of a digital rupee in the year 2022-23. The move is seen as a major boost to the economy. The introduction of the digital rupee will be achieved with the help of blockchain and other technologies. The budget was presented by Finance Minister, Nirmala Sitharaman. Although there hasn’t been any mention of a name for the digital rupee, the finance minister assured that it will be announced soon. Let’s take a look at the finance minister’s words concerning the introduction of the digital rupee,

“The introduction of central bank digital currency will give a big boost to the digital economy. Digital currency will also be a more cheap and efficient currency management system.” The move will be a major milestone for the Government’s “Digital India” program and is hence looked up with a lot of expectation.

The What and Why

Technology has been spreading its wings to scale new heights of progress and development. In that context, digitalization seems like the next default move to ensure that the path to progress is smooth and efficient. And it seems like the Indian Government is taking a major step in the direction with the announcement of the Central Bank digital rupee which is expected to provide a major speed boost to the economy. Another interesting fact is that the optimism surrounding the digital rupee comes at a time when cryptocurrency is looked at with suspicion-tinged glasses by the RBI which had earlier expressed “serious concerns” about the same. The major concern of the RBI with regard to cryptocurrency was that it might become a reason for financial instability.

However, the words of Sanjeev Sanyal hints at the Government taking a rational and balanced view about cryptocurrencies thus making way for smooth navigation.“There are some financial stability issues. But there are also other arguments that are made in terms of innovation and so on. Obviously, a balanced view on this will be taken,” said Sanyal on Monday.

The budget also threw light on the Government’s plan to set up 75 digital banking units in 75 districts. It is a known fact that in the past few years digital banking and payments have seen commendable growth in the country with more and more people adopting it owing to convenience and efficiency. And the Government through its efforts is trying to ensure that the benefits of digital banking aren’t limited to a selected few and that it reaches “every nook and corner in a “consumer-friendly manner.”

 

Tags: Digital RupeeIndia NewsRBI
Tweet54SendShare15
Previous Post

How to buy invisible friends nft

Next Post

El Salvador rejects IMF call for Bitcoin ban

Sandra Theres Dony

Content writer at Techstory, dealing with topics, Artificial Intelligence, Virtual Reality and Augmented Reality.

Recommended For You

Tesla India Begins in Mumbai July 15, Expanded Showroom Plans Ahead

by Thomas Babychan
July 13, 2025
0
Tesla India

Tesla, the world’s second-largest electric vehicle manufacturer, has officially confirmed its entry into the Indian market, with its first showroom set to open on July 15, 2025, in...

Read more

Over 200 Killed in Catastrophic Air India Crash Minutes After Takeoff from Ahmedabad

by Harikrishnan A
June 13, 2025
0
Over 200 Killed in Catastrophic Air India Crash Minutes After Takeoff from Ahmedabad

What began as a routine international journey turned into a nightmare on Thursday morning, when Air India Flight AL171 crashed shortly after takeoff, claiming the lives of at...

Read more

Liberian Cargo Ship MSC ELSA 3 Capsizes Off Kochi Coast, All 24 Crew Rescued

by Thomas Babychan
May 25, 2025
0
MSC ELSA 3

In a serious maritime incident that raised environmental and safety concerns along the Kerala coastline, a Liberia-flagged container vessel named MSC ELSA 3 capsized approximately 38 nautical miles...

Read more
Next Post
El Salvador

El Salvador rejects IMF call for Bitcoin ban

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?