RBI to soon launch e-rupee on pilot basis for limited use
Mumbai (PTI): The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific use cases as it tests digital currency in India.
"As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time," the central bank said in a concept note on Central Bank Digital Currency (CBDC).
The concept note also discusses key considerations such as technology and design choices, possible uses of the digital rupee, and issuance mechanisms, among others.
It examines the implications of the introduction of CBDC on the banking system, monetary policy, and financial stability, and analyses privacy issues.
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Oppn MPs detained on way to EC hq, Rahul says fight not political but to save Constitution
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New Delhi (PTI): Scores of opposition MPs, including Leader of Opposition in the Lok Sabha Rahul Gandhi, were detained on Monday as they took out a protest march from Parliament House to the Election Commission but were stopped midway.
Among those detained and taken away in buses to the Parliament Street police station were Congress chief Mallikarjun Kharge and his party colleague Jairam Ramesh.
"This fight is not political but for saving the Constitution," Rahul Gandhi told reporters. "... the truth is before entire country," he added.
As the MPs were stopped by the police from moving forward, several of them sat on the road in front of the PTI Building on Parliament Street, less than a kilometre from the Election Commission, and raised slogans demanding a rollback of the SIR.
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