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RUPEE PILOT PROJECT
No smooth landing: ICRA sees Indian airlines' losses widening up to Rs 38,000 crore in FY27India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revi...- India set to hike biogas prices, subsidies under new programIndia is launching a new program to significantly increase compressed biogas production. Higher guaranteed purchase prices and subsidies wi...
- RBI to explore CBDC pilot in cross-border transactionsThe Reserve Bank of India (RBI) plans to expand its digital rupee pilot to more direct benefit transfer schemes and the domestic retail spa...
- Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
- Is India Inc's CSR truly driving systemic change or just shifting funds?Corporate India is entering a new phase of CSR. Spending is expected to cross ₹1.2 lakh crore by 2035. Companies are shifting towards syste...
- Wealth creation is also about ignoring noise on the street: 15 mid- and small-cap stocks from different sectors which fit the billIn the April 2022-September 2024 bull market, every management appeared capable. Margins expanded, working capital looked manageable, capit...
- India's digital currency push targets its leaky welfare systemWhile India's early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world's most po...
- India's digital currency push targets its leaky welfare systemIndia is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...
- CBDC payments hit RBI goal of 1 million/dayWhile CBDC or the e-rupee project is currently in the pilot stage, RBI had set a target of reaching a million transactions a day for 2023, ...
- CBDC payments hit RBI goal of 1 million per dayWhile CBDC or the e-rupee project is currently in the pilot stage, RBI had set a target of reaching a million transactions a day for 2023, ...
- 5 more banks to join digital rupee pilot in 9 more cities soonThe retail CBDC is available for only 50,000 users now and 5,000 are merchants. The service is being offered on an invitation basis by eigh...
- eRupee can’t be turned into cash directly, for nowAccording to the RBI, the eRupee pilot project has progressed quite satisfactorily in a closed-user group and the number of users is gradua...
- RBI plans to expand applications of digital rupee in future pilot projects"Wholesale digital rupee is expected to make the inter-bank market more efficient and reduce transaction costs by pre-empting the need for ...
- SBI Chairman Dinesh Khara says digital rupee a game changerThe pilot project for retail digital rupee, RBI's central bank digital currency (CBDC) started in Mumbai, New Delhi, Bengaluru and Bhubanes...
- India's digital rupee fails to excite interest, bankers sayThe RBI has devised the e-rupee basically as a digital alternative to cash - one using blockchain distributed-ledger technology, to some de...
- RBI launches pilot to implement retail digital rupeeIn the first phase, State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank will carry out the implementation in four cities, Mumbai,...
- RBI in final stages of retail CBDC pilot rolloutOfficials indicated that the platform for CBDC is being hosted by the National Payments Corporation of India and will be similar to the cur...
- SBI, ICICI, IDFC, HDFC, Yes Bank in RBI's list for digital currency pilotThe Reserve Bank is deliberating on whether retail CBDC (also known as CBDC-R) should be interoperable with the current digital payments sy...
- RBI to launch Digital Rupee pilot for wholesale segment from November 1"The use case for this pilot (wholesale segment) is settlement of secondary market transactions in government securities. Use of e₹-W is ex...
- RBI launches first pilot of wholesale CBDCNine banks including State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC F...
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