RBI may launch Digital coin in December / 7 years of Jan Dhan Yojana / 5 passenger train canceled

The Reserve Bank of India has advocated the use of a digital currency, as fiat money, to reduce dependency on paper notes and reduce the load on transactions. CBDCs would also potentially enable a more real-time and cost-effective globalization of payment systems, according to the central bank.Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said that the central bank may launch a pilot of its digital currency by December this year. Das said in an interview that the RBI is working on a phased implementation strategy for the same.

Prime Minister Narendra Modi applauded the “untiring efforts” of all those who have worked to make Pradhan Mantri Jan Dhan Yojana (PMJDY), which facilitates the unbanked population to open a bank account, a success to mark the seven years of the scheme on August 28.
More than 43.04 crore people benefited from the PM Jan Dhan scheme, which was launched seven years ago as a national mission for financial inclusion. The Jan Dhan Yojana, which was announced by PM Modi in his Independence Day address in 2014, was launched on August 28, in the same year.

“Today we mark seven years of PM Jan Dhan, an initiative that has forever transformed India’s development trajectory. It has ensured financial inclusion and a life of dignity as well as empowerment for countless Indians. Jan Dhan Yojana has also helped further transparency,” the prime minister tweeted on the seventh anniversary of the scheme.
In another tweet, he applauded the “untiring efforts” of everyone who has worked for the success of the scheme. “Their efforts have ensured the people of India lead a better quality of life,” he added.
5 passenger train canceled

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