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The annual report for 2022-23 says RBI is looking to expand the ongoing pilots in CBDC, retail and wholesale, to more locations and incorporate various use cases and features in the current fiscal year.
The latest filings show that the US-based AMC slashed the fair value of Meesho by 9.7%. With this, Meesho's valuation is now pegged at $4.4 billion.
The system, referred as Lightweight Payment and Settlement System (LPSS), will be independent of conventional technologies and can be operated with bare minimum staff, said the RBI annual report 2022-23.
The Reserve Bank of India's annual report projects sustained growth momentum for India in the fiscal year 2023-24, backed by sound macroeconomic policies and softer commodity prices.
The two-month-long nationwide initiative led by Central and State Tax administrations aimed to detect and eliminate fraudulent Goods and Services Tax Identification Numbers.