Finance Minister Nirmala Sitharaman on Monday told the Parliament that it is still too early to gauge the spillovers of the central bank digital currency (CBDC), while assailing concerns on whether it would impinge on an individual's autonomy.
Replying to a question on the CBDC during Question Hour in Lok Sabha, she said that digital currency is something which the RBI issues.
"Reserve Bank of India has come up with a pilot project in terms of retail and wholesale use of digital currencies for which there are several sandboxes created, so that user cases can be tested. It is only during this process and immediately after that can there be any kind of understanding on how the retail or the wholesale use of digital currencies will have any spill overs for which any action has to be planned. It has been introduced since last December. We will wait for the outcomes from there," the Finance Minister said in her reply.
DMK member T. Sumathy had expressed concern while asking a question on the CBDC, whether the concept of programmable money brought forth by CBDC could potentially impinge on an individual's autonomy, thus leading to an all-controlling state.
Manipur: Security forces nab eight militants with arms, ammunition
In a series of successful joint operations, Assam Rifles, in coordination with Manipur Police, apprehended eight hardcore militants from different locations of three districts in the violence-hit state, officials said on Wednesday.
Tripura’s unemployment ratio less than national average, says CM Saha
Of the 2,806 candidates, 2437 multi-tasking staff (Group-D) would be posted in 37 departments while 369 pharmacists and laboratory technicians would be posted in the health and other departments, Saha said and termed the day in providing government jobs as historic.
PM Modi presenting NE region as ‘Astalakshmi’: HM Amit Shah
Union Home Minister Amit Shah on Wednesday said that Prime Minister Narendra Modi, considering the huge development and enormous resources of the eight northeastern states, is presenting the region before the country as ‘Astalakshmi’.
BJP set to storm back to power in Delhi after 27 years: Exit polls
A poll of seven exit polls predicted 42-49 seats for the BJP in the Assembly election to end its 27-year jinx, signalling an end of Arvind Kejriwal’s winning streak in Delhi after three back-to-back victories. The final results will be declared on February 8.
India's gold investments surge 60 pc to Rs 1.5 lakh crore in 2024: Report
Gold investments in India saw a significant surge in 2024 with a rise of 60 per cent in value terms to reach $18 billion (approximately Rs 1.5 lakh crore) compared to 2023, according to a report on Wednesday.
Fate of 699 candidates sealed as voting for Delhi polls ends
A total of 1.5 crore eligible Delhi voters sealed the fate of 699 candidates in the Assembly election on Wednesday to pick a new 70-member House with the turnout hovering around 60 per cent till reports last came in at 6 p.m., an official said.
PM Modi condoles demise of eminent philanthropist and spiritual leader Prince Karim Aga Khan
Calling him a visionary who dedicated his entire life to service and spirituality, Prime Minister Narendra Modi on Wednesday condoled the demise of noted billionaire philanthropist and spiritual leader Prince Karim Aga Khan IV.
57.70 per cent voter turnout recorded in Delhi Assembly polls
Voting to pick a new 70-member Delhi Assembly continued peacefully on Wednesday as the turnout touched 57.70 per cent till 5 p.m. with the ruling AAP eyeing a fourth straight win and the BJP putting up a tough fight to return to power after 1998.