More than 34,000 people have been killed in the Palestinian territory since war broke out
world1 day ago
The central bank of India has announced the first pilot for the retail digital rupee which will take place on December 1, 2022.
A press release by the Reserve Bank of India said that the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants.
The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued.
Users will be able to transact with the e-Rupee through a digital wallet offered by participating banks and those that are stored on devices.
Eight banks have been identified for phase-wise participation in this pilot. The first phase will begin with four banks, which are: State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country.
ALSO READ:
More than 34,000 people have been killed in the Palestinian territory since war broke out
world1 day ago
Protest organizers deny accusations of anti-Semitism, arguing that their actions are aimed at the Israeli government
world2 days ago
UK foreign secretary says the proposal includes 40-day pause in fighting and release of thousands of Palestinian prisoners and Israeli hostages
world2 days ago
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
world2 days ago
Prior to halting operations, WCK had distributed more than 43 million meals in Gaza since October
world3 days ago
Freshly rested Ukrainian brigades were being rotated in those areas to replace units that had suffered losses
world3 days ago
This was following a Reuters report that some senior US officials did not find Israel's assurances credible
world3 days ago
Due to the recent holidays to mark Ramadan and Eid al-Fitr, students received extended leave, including for the heat alert
world3 days ago