The Narcotics Control Bureau (NCB) has busted an international criminal gang that dealt in drugs using DarkNet and cryptocurrency with linkages in several countries as well as multiple states in India, sources said. The bureau is carrying out operations against drug cartels under the direct supervision of Union Home Minister Amit Shah, pursuant to Prime … Read more
India’s digital rupee CBDC, that was launched as part of a pilot test phase in November last year, is set to undergo trials on an international level. The Reserve Bank of India (RBI) has teamed up with the Central Bank of the UAE (CBUAE) to test the interoperability of its e₹-R CBDC. Both, RBI and … Read more
Prime Minister Narendra Modi on Friday said India’s digital payments ecosystem has radically transformed governance, financial inclusion and ease of living in the country. With the aim to foster global economic cooperation, the first G20 Finance Minister and Central Bank Governors (FMCBG) meeting is being held in Bengaluru on Friday. Union Finance Minister Nirmala Sitharaman … Read more
The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and IT Minister Ashwini Vaishnaw said on Thursday. Speaking at ‘Digital Payments Utsav’, Vaishnaw said it will be rolled out like UPI service and will be a big achievement under Prime … Read more
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank of India, which began piloting the central bank digital currency or e-rupee for retail customers in early December … Read more