Subhadra Yojana in Odisha provides women with Rs 10,000 annually in Central Bank Digital Currency (CBDC). Launched by PM Narendra Modi, the scheme ensures direct deposits into beneficiaries’ bank accounts without intermediaries. Linked to RBI’s digital currency pilot, the digital rupee can be spent using UPI QR codes or transferred to bank accounts.
Related Posts
RBI looks to retain stance on rupee amid volatility
- staff
- January 14, 2025
- 0
The RBI will continue its currency market intervention strategy to manage excessive volatility and maintain macro-economic stability. The rupee hit a new low of 86.63 […]
Loss-making companies pay royalty too: Sebi
A study by SEBI revealed that some listed Indian companies prioritized royalty payments to promoters over shareholder dividends. The study, conducted over a 10-year period, […]
India tops global demand for data analytics jobs
India is establishing itself as a major hub for data analytics, with nearly a quarter of its job postings focused on this skill set. The […]