Tag: Economics
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E-Rupee (CBDC) and Cross-Border Remittances in India
Introduction The Central Bank Digital Currency (CBDC), commonly referred to as the e-Rupee, is a digital token that represents legal tender. It is issued by the Reserve Bank of India (RBI) in the same denominations as paper currency and coins.…
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Surge in Capex of top Indian States
Introduction This fiscal year (FY24), 18 of the largest states of India, accounting for 90% of the aggregate gross state domestic product of all states, have budgeted a strong 43% increase in their capital outlays from fiscal 2023 levels. If…