Tag: Digital Rupee.

Posted on

Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS)

Source:  PIB Subject:  Government Scheme Context: The Union Home Minister launched India’s first Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) in Gandhinagar, Gujarat. About Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS): What it is? The CBDC-based PDS is a digitally enabled ration distribution system that integrates Central Bank Digital Currency into …

Continue reading “Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS)”

Posted on

The development of central bank digital currency (CBDC) although offers major advantages as a reliable digital currency but there are many associated concerns that must be addressed. Critically examine.

Topic:  Achievements of Indians in science & technology; indigenization of technology and developing new technology. 6. The development of central bank digital currency (CBDC) although offers major advantages as a reliable digital currency but there are many associated concerns that must be addressed. Critically examine. Difficulty level: Moderate Reference: Indian Express , Insights on India Why …

Continue reading “The development of central bank digital currency (CBDC) although offers major advantages as a reliable digital currency but there are many associated concerns that must be addressed. Critically examine.”

Posted on

Insights into Editorial: A disjointed response: On crypto assets and regulation

  Context: One of the most striking moves in the Union Budget’s taxation proposals for 2022-23 is the introduction of a taxation regime for virtual digital assets — evolving manifestations of cryptocurrencies, codes and non-fungible tokens. The government has proposed to issue a Digital Rupee, or Central Bank Digital Currency (CBDC), in the fiscal year …

Continue reading “Insights into Editorial: A disjointed response: On crypto assets and regulation”

Posted on

Given its benefits and recent emphasis on cryptocurrencies, India should take rapid strides towards a ‘Digital Rupee’. Comment.

Topic: Inclusive growth and issues arising from it. 5. Given its benefits and recent emphasis on cryptocurrencies, India should take rapid strides towards a ‘Digital Rupee’. Comment. (250 words) Difficulty level: Easy Reference: Indian Express Why the question: Key Demand of the question: To understand the dynamics between Inflation and economic growth and the role …

Continue reading “Given its benefits and recent emphasis on cryptocurrencies, India should take rapid strides towards a ‘Digital Rupee’. Comment.”

Posted on

What is central bank digital currency (CBDC)? How does it work? CBDC is slowly gaining momentum and acceptance across the world. Discuss its potential benefits and challenges in India.

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 5. What is central bank digital currency (CBDC)? How does it work? CBDC is slowly gaining momentum and acceptance across the world. Discuss its potential benefits and challenges in India. (250 words) Difficulty level: Moderate Reference: Live Mint Why the …

Continue reading “What is central bank digital currency (CBDC)? How does it work? CBDC is slowly gaining momentum and acceptance across the world. Discuss its potential benefits and challenges in India.”