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LATEST ARTICLES
Cryptocurrency's Growing Impact on the Indian Economy
Cryptocurrency is a new kind of digital money that doesn't have a physical form like coins or notes. Recently, it has become a hot topic among people everywhere. In this era of advanced technology, more and more investors are attracted to cryptocurrencies because of their privacy and the opportunity to create wealth. Nowadays, you might have heard about popular cryptocurrencies like Ethereum, Bitcoin, Ripple and Litecoin. These digital currencies have gained popularity in the financial market, and many people are interested in buying them. However, many feel confused about how cryptocurrencies work and their overall performance.Bitcoin was the very first decentralized cryptocurrency, introduced back in 2009. Unlike traditional money, cryptocurrency doesn't have a physical form; it's entirely digital and exists only on the Internet. People can use these currencies for transactions and other business activities like cash.Cryptocurrencies are encrypted and protected to keep them safe
The e-Rupee/Digital Rupee: Everything You Need to Know
In the financial year 2022-23, Prime Minister Narendra Modi launched the Central Bank Digital Currency (CBDC) called the e-Rupee or Digital Rupee. It's a revolutionary cashless and contactless digital payment system designed to transform how we handle money and make government welfare programs more effective.Imagine a digital version of the Indian currency you can use for all your transactions without touching physical cash. That's the e-Rupee! It's like having your money in a virtual wallet on your phone, making payments as easy as sending a text message.This digital payment solution is crucial to the government's vision for a more digitally connected India. The e-Rupee aims to improve people's lives across the subcontinent by fusing digital transactions with technology.India has witnessed a digital revolution in recent years, and digital payments have been at the forefront of this transformation. The e-Rupee is a key player in this revolution, with the potential to change how we hand
Aatmanirbhar Bharat Package - Boon or Bane for The Indian Economy?
During the COVID-19 pandemic in India, as the country faced a lockdown and an existing economic slowdown, the government introduced the concept of self-reliance as a response. On May 12, 2020, Prime Minister Modi publicly used the Hindi phrase "Atma Nirbhar Bharat" for the first time, emphasizing the importance of self-reliance in the face of global challenges. However, there was some confusion regarding the interpretation of the phrase when the Press Information Bureau referred to both "self-reliance" and "self-sufficiency" in its communication.Following the Prime Minister's speech, the Indian government announced an economic package named the Atmanirbhar Bharat Abhiyan (Self-reliant India Mission). The response to this initiative was mixed, with varying opinions among economists and commentators.Economist Swaminathan Aiyar noted that "atmanirbhar" could be translated as self-reliance and self-sufficiency. He cautioned against repeating India's unsuccessful drive for s
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