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INTRODUCTION OF CENTRAL BANK DIGITAL CURRENCY ‘DIGITAL RUPEE’ ANNOUNCED

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75 DIGITAL BANKING UNITS TO BE SETUP IN 75 DISTRICTS BY SCHEDULED COMMERCIAL BANKS 100 PER CENT OF 1.5 LAKH POST OFFICES TO BE BROUGHT ON THE CORE BANKING SYSTEM IN 2022 FINANCIAL SUPPORT FOR DIGITAL PAYMENT ECOSYSTEM TO CONTINUE The Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman today announced the introduction of  Digital Rupee  to be issued by the Reserve Bank of India starting 2022-23.  Presenting the Union Budget 2022-23 in the Parliament here today, the Finance Minister said that the Central Bank Digital Currency (CBDC) will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system, the Minister stated. The Digital Currency will use block chain and other technologies.     Digital Banking:   Smt Nirmala Sitharaman said that in recent years, digital banking, digital payments and fintech innovations have grown at a rapid pace in the country. Government is continuo...
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Truck Rentals Climb Ahead of Festive Season

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Mumbai, September 16, 2024 :Truck rentals across India have surged in anticipation of the upcoming festive season. Increased demand, driven by post-election activities and the reopening of the India-Bangladesh border, has contributed to the uptick.  "As the festive season approaches, companies across India are intensifying their efforts to boost production and supply, causing an uptick in truck rentals on key routes," said Y.S. Chakravarti, MD & CEO of Shriram Finance Ltd.  The festive season’s approach, coupled with increased post-election activities, has significantly driven demand across various transportation routes. Notably, fleet utilization in the India-Bangladesh border region saw a significant improvement, rising to nearly 60% from the previous 40%. Resumption of trade activities between India and Bangladesh has particularly increased truck rentals in the Kolkata-Guwahati-Kolkata route, registering the highest surge at 3.0%. The Delhi-Kolkata-Delhi an...
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McDonald’s India Debuts International Favourite McCrispy Chicken Burger

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McDonald’s India Debuts International Favourite McCrispy Chicken Burger and First-Ever Crispy Veggie Burger Chennai: This festive season, McDonald’s India (W&S), owned and operated by Westlife Foodworld, has announced the launch of two premium burgers – the McCrispy Chicken Burger and the Crispy Veggie Burger. The McCrispy Chicken Burger, a global fan-favourite, is now making its much-anticipated debut in India, alongside the uniquely crafted Crispy Veggie Burger. These new additions underscore McDonald’s commitment to providing innovative and filling menu options catering to customers with diverse taste preferences. The McCrispy Chicken Burger features a whole-muscle chicken fillet patty, paired with a unique water-cut glazed bun, fresh lettuce and a creamy pepper mayo sauce. This burger promises a high-crunch, indulgent chicken experience that will set a new standard in the burger category. The Crispy Veggie Burger is a specially curated offering for vegetarian customers. This un...
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