The Reserve Bank of India wants to use digital currency all over the country by the end of the year. However, multiple sources say the pilot program has already shown some problems.
India held two CBDC trials in 2022
On November 1, nine financial institutions joined a CBDC wholesale initiative for the first time (CBDC-W). The second is a pilot program for CBDC stores (CBDC-R) that started on December 1 in Mumbai, New Delhi, Bangalore, and Bhubaneswar. The first four banks to join were the State Bank of India, the ICICI Bank, the Yes Bank, and the IDFC First Bank.
It is now in 15 places, with Chandigarh being the most recent. Reliance Retail is the biggest store in the country, one of the more than 50,000 customers and 10,000 small and large merchants who have signed up for the service.
What is CBDC?
In the words of RBI, "To put it simply, a CBDC is a digital currency issued by a central bank. It functions identically to fiat cash and may be traded for fiat currency one-for-one. It's the same thing below, but in a new guise ". To rephrase, "digital money" refers to a local currency that has been digitized or virtualized and is equivalent to real cash.
CBDC is a digital currency distinct from private crypto because it is supported and given by a government-backed bank. CBDC is equivalent to fiat currency issued by a bank but is not physically minted (or polymer). In the Reserve Bank of India books, it would be recorded as a liability because it is an electronic representation of a sovereign currency.
So, digital money made by the government is:
- a currency that the government and central bank recognize.
- legal tender
- contains digital content.
- equivalent to a currency based on faith rather than merit.
- use blockchain technology as its foundation.
CBDC is a digital currency that has gained widespread use over the past decade, although not on par with virtual currency or crypto. You must know how CBDC differs from other digital currencies to grasp it well. The term "cryptocurrency" refers to a type of digital currency. It's important to note that not all digital currencies may be classified as cryptocurrencies.
Cryptocurrencies are secure despite the lack of encryption on digital currency since they employ blockchain technology. Because no one may issue their virtual currency, their obligations and liabilities are hidden.
There are three characters- a stoic knight, a young girl who is trapped in a house, and uncovers its eerie past and a wanderer who is on a path to find answers.
INMOST has fantastic gameplay wherein you can lure your enemy into dangerous traps, go on to solve environmental puzzles, and use your weapons to protect yourself and finish the game.
With their selected characters, players can search in every part of the pixelated game world for secret passages and various items.
Your character will be able to kill enemies with his crossbows.
A few enemies might even lunge at you; all you have to do is avoid the attack, strategize that very second and finish it off.Players Cannot Switch Between Characters At WillOne of the drawbacks of the game is that players are not allowed to switch between characters at their own will.
However, it all depends on how fast or slow the player completes the game.If you choose the wanderer, then be ready that the only way you will be able to finish off your enemies will be to run away from them or take them towards the traps.Gamers Will Respawn at the Nearest Save PointOne of the plus points about the game is that gamers need not worry about dying.
Summertime can be a great occasion for children with so many exciting outdoor activities to enjoy.t's a time of summer parties and new friends to impress at school.
Time for dressing up and fitting in with the latest trends and styles.
Little ladies are going all out with all-frills fashions.
Country chic is in, emphasized by dainty embroidery and soft cotton fabrics.
Floppy farm-style hats are perfect for hot summer days.
Floaty, feminine tops with tassels, an off-the-shoulder cut, or bell sleeves are equally adorable for young teens and their little sisters.
Kansas Bioscience Authority Commits $4.3 Million To Support ProfessorsA prominent pharmaceutical scientist with 20 years of industrial research and development experience joined the KU faculty earlier this month, thanks in part to a five-year, $2.5 million financial commitment from the Kansas Bioscience Authority.David Volkin comes to KU from Centocor R, a subsidiary of Johnson & Johnson, as the Takeru and Aya Higuchi Distinguished Professor in the Department of Pharmaceutical Chemistry.
He will establish his lab in the Simons Biosciences Research Laboratories, focusing on vaccine and biopharmaceutical drug development.
The cancer center initiative and strategic hires such as this one are building research and commercialization capacity in vital areas of human health that benefit all Kansans.Volkin will have one more title as well.
His industry background complements those strengths and promises to bolster a KBA priority: translating university bioscience research into economic development for Kansas.Volkin was introduced Jan. 26 at a ceremony at the Capitol in conjunction with the annual Kansas Bioscience Day.
Speaking at that ceremony were Gray-Little, Thornton and Kansas Bioscience Authority Chair John Carlin.Also at the ceremony, it was announced that the Kansas Bioscience Authority Board of Directors has designated Rakesh Srivastava of the KU Cancer Center as an Eminent Scholar.
Blake Peterson, the Regents Distinguished Professor of Medicinal Chemistry, was first in 2008.Volkin held senior director positions for Centocor in pharmaceutical research and development from 2002 through 2009.
The treasure is guarded by the infamous Kubera.
Despite attempting to seize his temple, Lord Shiva bestowed upon him the superiority of being known as the "God of Wealth."
We're all aware that people worship Lord Kubera and Goddess Lakshmi, and that this is considered auspicious.Lakshmi is often misunderstood as the "Goddess of Wealth" in Indian mythology.
On the other side, "Kuber" is really the God of Wealth, whereas Lakshmi is the "Goddess of Fortune."
Because fortune is often connected with money, scepticism has grown.Here is a fascinating tale of rags to riches (if we may call it that) or robber to demi-god.Story Of Lord Kuber
