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Incentives for using e-rupee; Quality Care scoops up KIMS Health; and Nifty 50s free fall.

Indian banks is likely providing incentives to encourage the use of the central bank's digital currency, known as the e-rupee, news agency Reuters reported citing sources. This initiative comes as a result of the RBI's encouragement to increase transaction volumes. These incentives include giving benefits such as cash-backs and reward points

Reserve Bank Governor Shaktikanta Das believes that Central Bank Digital Currency (CBDC) can be instrumental in facilitating cross-border payments. The RBI has conducted successful pilot projects on CBDC, leading to the conviction that it can be an effective mode for cross-border transactions. Das emphasized that while paper currency will continue to exist, CBDC will be the future currency worldwide.

A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 million users, India is gearing up for a pilot and some 130 countries representing 98% of the global economy are exploring digital cash.

A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 million users, India is gearing up for a pilot and some 130 countries representing 98% of the global economy are exploring digital cash.