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  Crypto or digital currencies are the latest fad across the world and India will next fiscal, beginning April 1, have its own version of the same which essentially would mirror the prevalent physical currency in digital form. The currency, called 'digital rupee', will be issued by the Reserve Bank in digital form and will be fungible with physical currency. Budget 2022 The exact regulation governing this Central Bank Digital Currency (CBDC) is yet to be finalised. CBDC is a digital or virtual currency but it is not comparable to the private virtual currencies or cryptocurrency that have mushroomed over the last decade. Private virtual currencies do not represent any person's debt or liabilities as there is no issuer. They are not money and certainly not currency. The RBI has been vehemently opposing private cryptocurrencies as they could have implications on national security and financial stability. Read More

Faced with the challenge of resurrecting the economy from one of the worst contractions, people want the Centre to shift focus on job creation and agricultural, rural development in the Budget 2021 . The new findings were revealed in an online survey conducted by YouGov in which 1,015 people participated. "The economic upheaval caused by the pandemic has raised people’s expectations from the government, putting a greater focus on the economy. In comparison to last year’s findings, where women's safety was the top concern of people," the organisation said in a statement. Read More