The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific use cases with a view to bolstering India's digital economy, making payment systems more efficient, and checking money laundering. In a concept note on Central Bank Digital Currency, the RBI said CBDC is aimed to complement, rather than replace, current forms of money and is envisaged to provide an additional payment avenue to users, not to replace the existing payment systems. "Supported by state-of-the-art payment systems of India that are affordable, accessible, convenient, efficient, safe and secure, the Digital Rupee (e?) system will further bolster India's digital economy, make the monetary and payment systems more efficient and contribute to furthering financial inclusion," the paper said.
According to the official, who spoke on conditions of anonymity, on June 23, there will be a lunch at the Foggy Bottom headquarters of the State Department hosted by Vice President Kamala Harris and the Secretary of State Antony Blinken.
US Vice President Kamala Harris remembered her maternal grandfather PV Gopalan, an Indian Foreign Service official, during her tour to Zambia and paid a visit to the Gopalan's family house in Lusaka.
'The law is neither able nor willing to function the way the legal machinery is envisaged.'
'Our network somehow saves 3,000 lives every year, but there's so much more to do, as every death due to shortage of blood is easily avoidable.'
Gujarat opener Priyank Panchal is likely to lead India 'A' in three four-day 'Tests' against New Zealand 'A'
The BJP declared a total income of Rs 1917.12 crore during 2021-22 and spent Rs 854.467 crore or 44.57 per cent of it.
None of South Africa's top players will be available for their respective IPL sides in the first couple of games.
Lack of clarity on data-sharing persists, public health experts sceptic about the pilot that was run in six Union territories as benchmark for national roll-out
Scrutiny of Google's code of conduct in the Indian Android ecosystem is far from over with several start-ups preparing to appeal against the company's revised policies of service fee on in-app purchases and subscriptions, according to sources in the know. This comes days after the National Company Law Appellate Tribunal (NCLAT) granted partial relief to the tech giant, reversing four of the 10 key non-monetary directives that would have forced Google to allow uninstalling of its pre-installed apps on Android devices. Paytm, BharatMatrimony, and ShareChat are among the start-ups that are likely to file grievances against the tech major for alleged non-compliance with the Competition Commission of India's (CCI's) cease-and-desist order on Play Store policies.
With both the Indian and Australian Prime Minister set to visit the Motera Stadium for the opening day of the fourth Test, the security has been beefed up at the stadium.
'Justice B V Nagarathna has excellent human qualities and is a stickler for the law.'
Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?
There are certain plans that you can opt for that also cover dental treatments, says rediffGURU Sanjib Jha.
Professor Mustafa should take some inspiration from the prime minister and start advocating for a Pasmanda or a woman, preferably from outside UP/Hyderabad, to be appointed vice chancellor of Aligarh Muslim University this time. That should be a fitting tribute to the vision of the prime minister.
Vedanta group chairman, Anil Agarwal, 69, is well known for his business journey from a scrap dealer from Bihar to a London-based globe-girdling metal and oil and gas conglomerate with revenues of $19 billion. Now his abilities to keep his group from over-leveraging itself will be put to the test. Over the years, Agarwal, now based in London, set up the conglomerate via acquiring iron ore producer Sesa Goa, Cairn's oil producing assets in India, and Electrosteel Steel.
'He is already training in Mumbai and is expected to be in Bangalore for the fitness test and get a formal okay from the National Cricket Academy.'
The Wildlife Institute of India's former dean Yadvendradev Vikramsinh Jhala, who was part of the cheetah project in the past, told PTI that KNP has 'inadequate space' for these animals.
BCCI puts Asia Cup in Pakistan on Indian team's roster for 2023
Prasidh has been doing his intense rehabilitation program at the National Cricket Academy in Bengaluru but news coming out isn't a great one.
There has been an "exponential" rise in the seizure of drugs in India in the last five years with the darknet and the maritime route emerging as the most preferred modes of trafficking, NCB director general S N Pradhan said on Tuesday.
Amid claims by locals that one of the shells fell in Mizoram, the Assam Rifles had on Thursday asserted that no explosion occurred in the state.
It was also decided that a pool of 20 players will be rotated till the 2023 World Cup.
'Once he failed in the Australia series at home, there was very little chance for him but selectors didn't want to change things ahead of WTC final.'
The Sourav Ganguly-led Board of Control for Cricket in India is likely to ask the legendary spinner to apply for the post of Head coach of the Indian team, along with VVS Laxman, once Ravi Shastri finishes his term after the T20 World Cup.
Upton will join the ODI team from Wednesday's third game against the West Indies in Port of Spain. He will continue till the end of the T20 World Cup in Australia.
The Chinese coercion and aggression spans the globe, but it is most acute in the Indo-Pacific, it said.
India and Pakistan have not played bilateral cricket for close to a decade now due to diplomatic tensions between the two countries.
Earlier last month, for the first time ever, an anonymous hacker was served with a restraining order as a non-fungible token (NFT), reports Shivani Shinde.
With most exit polls predicting a tight contest between the Congress and the Bharatiya Janata Party in the assembly polls in Karnataka, leaders of the two parties seem 'jittery' over the outcome, while the Janata Dal-Secular appears to be expecting a hung verdict, which would enable it to play a role in government formation.
After the draft data protection bill, the government is now all set to bring another key legislation -- Digital India Bill -- that will be made available for public consultation by the month-end, Minister of State for IT Rajeev Chandrasekhar said on Thursday. The Digital India Bill, which will replace the 22-year old Information Technology (IT) Act, will be contemporary and a modern piece of legislation, the Minister promised. The proposed bill, alongside the Digital Personal Data Protection (DPDP) Bill whose draft was released recently, will contribute to the evolving framework which is light on regulation, safeguards consumer rights and catalyses innovation, the minister said while speaking at CII Global Economic Policy Summit 2022.
Diya Chitale and Manush Shah had also sought the HC's intervention in the matter.
Pakistan Prime Minister Imran Khan on Friday launched the country's first-ever national security policy, which articulates a citizen-centric framework, placing economic security at its core unlike the previous one-dimensional security policy where the focus was on the military.
Four cities, including, Delhi, Mohali, Hyderabad and Ahmedabad have been issued ticket advisories with fans being banned from carrying protest banners.
Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn. Deloitte Haskins & Sells, which was slated to audit Byju's until 2025, stepped down with "immediate effect" mid-term stating that "the financial statements of the company are long delayed. In a letter sent to the board of Think & Learn Pvt Ltd (known as Byju's), Deloitte said it has not been able to start an audit due to the delays and that will have a "significant impact" on its ability to "plan, design perform and complete" the audit as per standards.
Recently, Sethi made a sarcastic dig at Shah after the ACC chairman had released the two-year itinerary, which PCB chief alleged was not discussed with his board.
Made of silver with a coat of gold, the historical sceptre will be installed near the chair of the Lok Sabha Speaker on May 28, the same day the new Parliament building will be dedicated to the nation by Prime Minister Narendra Modi.
In 2021, the Railways boasted of a historic feat -- no passenger deaths in train accidents in two years. However, the derailment of the Bikaner-Guwahati Express in 2022 brought the Railways back to its forgetful past.
Sources said the opposition parties would look to avoid the prickly leadership question as of now and emphasise on building a common ground.
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