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Delhi government to introduce CBDC-based smart ration distribution system for greater transparency and consumer choice NEW DELHI: In a major welfare oriented decision aimed at expanding food security coverage in the national capital, the Delhi Cabinet has approved a proposal to increase the annual income eligibility limit for ration cards from Rs 1.2 lakh to…
NEW DELHI: Government is set to roll out a pilot for Central Bank Digital Currency (CBDC) or ‘digital food currency’ under the free ration scheme to a limited number of beneficiaries in Chandigarh, Puducherry and three districts of Gujarat next month. Under this, beneficiaries will receive monthly digital food coupons directly into an RBI-enabled digital…
BENGALURU: At India Blockchain Week in Bengaluru on Monday, Rahul Sanskrityayan, Specialist Consultant for Blockchain at NPCI, said the Reserve Bank of India’s programmable central bank digital currency (CBDC) is already live with participating banks and is being used by the government for targeted subsidy transfers.Sanskrityayan said programmable CBDC allows funds to be restricted for…
