Govt launches CBDC-based Digital Food Coupon: How can Beneficiaries redeem entitled quantity of foodgrains? Explained
Zee News
Under the CBDC framework, digital coupons generated through the Reserve Bank of India will be credited directly to beneficiaries as programmable digital currency (e₹).
New Delhi: The Government of India has launched a Central Bank Digital Currency (CBDC)-based Digital Food Currency pilot in Gujarat.
The initiative has been launched by the Government of India in collaboration with the Reserve Bank of India and the Government of Gujarat under the Public Distribution System in Ahmedabad, Anand, Valsad and Surat districts. As part of its scale-up strategy, subsequent phases will extend to the Union Territories of Puducherry, Chandigarh, and Dadra & Nagar Haveli and Daman & Diu.
Under the CBDC framework, digital coupons generated through the Reserve Bank of India will be credited directly to beneficiaries as programmable digital currency (e₹).
Beneficiaries can redeem their entitled quantity of foodgrains at Fair Price Shops (FPS) using CBDC coupon or voucher codes.
The system will address challenges related to biometric authentication and e-POS operational issues while ensuring secure, traceable and real-time transactions.
Giving a breakdown of the cost, the startup founder said, his office spent Rs 1.35L on the employees salary for 3 months, Rs 40K on training and Rs 25K on replacement hire.
The 34-year-old assistant manager named Kiran Kumar allegedly stole gold jewellery from lockers of the customers and pawned them for online gambling.
Gates is among the top global leaders who will be attending the AI Impact Summit that is being held in India from February 16 to 20.
Under the CBDC framework, digital coupons generated through the Reserve Bank of India will be credited directly to beneficiaries as programmable digital currency (e₹).
You don’t need to save huge amounts to begin your journey. Even setting aside a small amount regularly can build a strong habit. Saving Rs 100 a day may seem insignificant, but over a year, it adds up to a meaningful amount.
If you’re planning to file your 2025 federal tax return, mark your calendar, the deadline this year is April 15. This date officially wraps up the 2026 tax filing season in the United States and is widely known as Tax Day.
Boeing welcomed the governments decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector.
Rolls-Royce announced its intention to significantly scale up its business operations in India to support future programs across the defence, civil aviation, and energy sectors.
MG Majestor: JSW MG Motor India today unveiled its all-new Majestor SUV at an event in Gurugram. Pre-bookings open today at a token amount of Rs 41,000.
The new additions also comprise of rural housing, online media service provider/streaming services, value added dairy products, barley & its product, pen-drive and external hard disk, attendant, babysitter and exercise equipment. The year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of January is recorded at 2.13% (Provisional).
Sensex closed at 83,674.92 points, down 558.72 points or 0.66 per cent, while Nifty closed at 25,807.20 points, down 146.65 points or 0.57 per cent.
In a major relief for customers, banks will now have to prove that a financial product actually suits you before selling it. For the first time, the RBI is making “suitability” a legal requirement. This means that before offering you insurance, mutual funds, or even credit cards, banks must assess factors like your income, age, financial understanding and risk appetite.
Regarding the recent technical glitches at the National Securities Depository Limited (NSDL), the Chairman confirmed that the system is now functioning normally. He explained that a technical issue in the inter-depository transfer system led to settlement backlogs, which were cleared by the weekend.