INSUBCONTINENT EXCLUSIVE:
Prime Minister Narendra Modi has said that the proposed digital rupee will boost fintech sectorPrime Minister Narendra Modi on Wednesday
economy."There is also a lot of discussion about central bank digital currency in today's newspapers
This will give a big boost to the digital economy
This digital rupee, which is our physical currency now, will have a digital form and it will be controlled by RBI
It can be exchanged with physical currency
Digital rupee will open up new opportunities for the Fintech sector," said Mr Modi while addressing BJP workers and leaders on budget
2022.Finance minister Nirmala Sitharaman had made the announcement of a digital currency to be governed by RBI in the union budget on
(CBDC) will give a big boost to the digital economy.The finance minister said the digital currency will also lead to a more efficient and
cheaper currency management system, which will be based on blockchain and other technologies.
