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RBI's Annual Report: The central bank said that it aims at expanding the ongoing pilots in the CBDC (central bank digital currency) -Retail and CBDC-Wholesale by incorporating various use cases and features during the current fiscal.
Patra said only half of the working population is part of the labour force at present and added that India has to prioritise getting the skilling strategy right.
In the previous reporting week, the overall reserves rose by USD 6.306 billion to USD 584.755 billion.
The decline was mainly on the account of a narrowing merchandise trade deficit, which was $30.9 billion or 3.7 per cent of the GDP in the second quarter of 2022-23, the data showed.
Indians are spending nearly USD 1 billion every month on foreign travel which is significantly more than the pre-Covid levels, reveals Reserve Bank data on outward remittances.