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Difference between UPI and CBDC is not much. UPI is a money transfer instrument but CBDC is money, said T. Rabi Shankar, RBI Deputy Governor. CBDC ensures anonymity and it can be used entirely differently from a bank account, he added.
CBDC recorded significant amount of transaction in two days of its launch, said Dinesh Kumar Khara, SBI Chairman. Behavioural change is the biggest challenge in retail pilot of CBDC, he added. He also said salary account can be given an opportunity an to use CBDC for transactions. Also, the scope can be expanded to tax payments, settlement in primary G-Sec market, among others.
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Defence Minister Rajnath Singh on July 11 inaugurated Hindustan Aeronautics Limited (HAL)'s regional office in Kuala Lumpur to facilitate close defence industrial collaboration between India and Malaysia, the ministry of defence said in a press release.
Hangzhou Asian Games organisers reject IOA request for further extension of deadline for sending entries of Indian wrestlers, reported PTI.
BJP National General Secretary Tarun Chugh extended best wishes to Sunil Jakhar on taking over as the new president of Punjab BJP. Chugh expressed confidence that the party is full of new energy and party is getting stronger on the ground in Punjab. (ANI)
Maharashtra Congress on July 11 held a meeting with party president Mallikarjun Kharge and Rahul Gandhi to take stock of the prevailing political situation in Maharashtra, days after the split in Nationalist Congress Party. With both Shiv Sena and NCP seeing splits, Congress is in a position to stake claim to the position of Leader of Opposition in the Maharashtra assembly. (ANI)
Maharashtra Congress on July 11 held a meeting with party president Mallikarjun Kharge and Rahul Gandhi to take stock of the prevailing political situation in Maharashtra, days after the split in Nationalist Congress Party. With both Shiv Sena and NCP seeing splits, Congress is in a position to stake claim to the position of Leader of Opposition in the Maharashtra assembly. (ANI)
External Affairs Minister, Dr S Jaishankar will pay an official visit to Jakarta, Indonesia from 13-14 July for the Foreign Ministers’ Meetings under the ASEAN framework in the format - ASEAN-India, East Asia Summit and ASEAN Regional Forum. He will also hold bilateral meetings with his counterparts from other countries.
After Jakarta, EAM will travel to Bangkok, Thailand to participate in the 12th Foreign Ministers’ Meeting of Mekong Ganga Cooperation (MGC) Mechanism on 16 July. In Bangkok, EAM will also attend the BIMSTEC Foreign Ministers’ Retreat on 17 July. (ANI)
An MoU has been signed between Indian Navy, BARC and ECIL, Hyderabad yesterday in the presence of Western Naval Commander Vice Admiral Dinesh Tripathi & Dept of Atomic Energy Secretary Dr Ajit Kumar Mohanty to facilitate indigenous development and production of control systems for ships: Navy officials, ANI reported.
The new date for the Himachal Pradesh Administrative Service Competitive (Preliminary) Examination-2023 is August 20, 2023.Due to extensive road damage brought on by the unusually heavy rains, the Commission has decided to reschedule the examination.
India is in the advanced stages of negotiations with French companies for co-developing engines for fifth-generation fighters and the Indian Multirole Helicopter (IMRH), which is being built by the Hindustan Aeronautics Limited. This is in addition to plans to purchase 26 Rafale aircraft and three more submarines from France. According to government sources, talks are currently taking place with French companies to co-develop powerful engines for the Advanced Medium Combat Aircraft that the Defence Research and Development Organisation is currently designing and building. (ANI)
At Rajouri (J&K), the Indian Army and Air Force participated in a joint heliborne training exercise today. It was assessed and tested if the Whitek Knight Corps soldiers were ready to carry out special operations.
The Supreme Court enquired into the history of the legislative amendments SEBI had made to the regulatory framework in the Adani Hindenburg case. This came about after attorney Prashant Bhushan, who was representing a petitioner seeking an investigation into the allegations surrounding the Hindenburg, noted that the Expert Committee believed the SEBI investigation would be unsuccessful due to their own amendments and changes to the definitions of "opaque structure," "related party," and other terms.
RBI Governor Shaktikanta Das held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks in Mumbai.The Governor emphasized the need for MD & CEOs to pay special attention to strengthening the governance in the banks and focus on the tripod of banking stability consisting of compliance, risk management and audit functions.
The issues relating to strengthening of credit underwriting standards, monitoring of large exposures, implementation of External Benchmark Linked Rate (EBLR) Guidelines, bolstering IT security and IT governance, improving recovery from written-off accounts, and timely and accurate sharing of information with Credit Information Companies were discussed. (ANI)
