{"id":335497,"date":"2022-02-02T04:31:00","date_gmt":"2022-02-02T10:01:00","guid":{"rendered":"http:\/\/tehelka.com\/?p=335497"},"modified":"2022-02-02T04:31:00","modified_gmt":"2022-02-02T10:01:00","slug":"digital-rupee-can-be-exchanged-for-cash-pm-modi","status":"publish","type":"post","link":"https:\/\/tehelka.com\/digital-rupee-can-be-exchanged-for-cash-pm-modi\/","title":{"rendered":"Digital rupee can be exchanged for cash: PM Modi"},"content":{"rendered":"<p>New Delhi:<strong>\u00a0<\/strong>\u00a0Prime Minister Narendra Modi on Wednesday said digital rupee, proposed in the union budget, could be exchanged for cash and will open new opportunities in the fintech sector.<\/p>\n<p>While addressing the \u2018Atmanirbha Arthavyavastha\u2019 (self-reliant economy) symposium organised by the BJP, he said the central bank digital currency or the digital rupee will make online payments more secure and risk free and boost digital economy in the years to come.<\/p>\n<p>\u201cThe digital rupee will be the digital form of our physical rupee and will regulated by the RBI. This will be such a system that will enable exchange of physical currency with digital currency,\u201d Modi said at the virtual symposium that was attended by chief ministers of BJP-ruled states and party workers across the country.<\/p>\n<p>\u201cCentral Bank Digital Currency (CBDC) will strengthen the digital economy\u2026 If anyone makes a payment in digital currency, you will be able to change it to cash,\u201d he said.<\/p>\n<p>Prime Minister Modi said the launch of CBDC will make digital payments and online transfer of funds more secure and risk free. \u201cThis will also lead to ease in development of global digital payment systems,\u201d he said.<\/p>\n<p>PM said the digital rupee will revolutionise the fintech sector by creating new opportunities and lessen the burden in handling, printing, logistics management of cash. Finance Minister Nirmala Sitharaman had announced that India will launch a \u2018digital rupee\u2019 in 2022-23 using blockchain and other technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi:\u00a0\u00a0Prime Minister Narendra Modi on Wednesday said digital rupee, proposed in the union budget, could be exchanged for cash and will open new opportunities in the fintech sector. While addressing the \u2018Atmanirbha Arthavyavastha\u2019 (self-reliant economy) symposium organised by the BJP, he said the central bank digital currency or the digital rupee will make online [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":335328,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/335497"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=335497"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/335497\/revisions"}],"predecessor-version":[{"id":335498,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/335497\/revisions\/335498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/335328"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=335497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=335497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=335497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}