Question
The pilot of CBDC in the wholesale segment, known as the
Digital Rupee -Wholesale (e₹-W), was launched on November 1, 2022, with use cases being limited to the settlement of secondary market transactions in government securities. When was the project for retail segment launched?Solution
The first phase will include banks like State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. The second phase will include four more banks, viz., Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank that will join the pilot later. Retail CBDC pilot starts Dec 1, to be tested in 4 banks, 4 cities initially—Mumbai, New Delhi, Bengaluru, and Bhubaneswar.
The Sindhu Shikhar car rally aims to spread awareness about what aspect of India's heritage?
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I. Korwa
II. Tulu
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At the SAFF women’s championship 2024, which country was defeated by Bangladesh to won the championship?
What is the fixed rate at which investors are compensated under the Sovereign Gold Bonds Scheme?
Who has been appointed as the Managing Director of Indraprastha Gas Ltd. (IGL) in June 2023?
In which city did India recently sign a Host Country Agreement to establish the BIMSTEC Energy Center (BEC)?
Who will lead the Indian team at the World Athletics Championships?
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