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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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The Union Budget will give a big boost to Tourism in the country

The Union Budget 2022-23 announced today, presented the government’s plans to increase capital expenditure by 35% and fuel growth for an economy recovering from 3 waves of the COVID-19 pandemic. The Minister of Tourism, ShriKishan G. Reddy expressed his gratitude to the Prime Minister and the Finance Minister for the continued focus placed on the development of large infrastructure, connectivity and border linkages will play a major role in boosting tourism in India. The PM Gati Shakti master plan for expressways will facilitate speedier implementation of development projects under the National Infrastructure Pipeline through the use of technology to facilitate faster movement of people and goods, seamless multimodal connectivity, economic transformation, and logistical synergy. In this regard, the National Highways Network will be expanded by 25,000 km in 2022-23 and INR 20,000 crore will be raised for the same through innovative funding. The Gati Shakti master plan is driven by 7 eng...
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Vestas introduces low-wind variant suited for India’s wind market and expands its production footprint in the country

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Chennai -  The global demand for sustainable energy solutions in low and ultra-low wind areas continues to grow as renewable technology improves in efficiency and cost. This trend is especially prominent in India, the world’s fourth largest wind energy market, where the energy demand is expected to double and the government intends to add around 100 GW wind power in the predominantly low-wind market by 2030. 1 While the new turbine is globally applicable, it initially targets low and ultra-low wind condition projects in India and USA. It increases the turbine swept area by 67 percent in comparison to V120-2.2 MW, and with a large rotor to rating ratio, it significantly improves the partial load production in low-wind conditions. The V155-3.3 MW improves the annual energy production (AEP) by more than three percent for a 300 MW wind park with 46 fewer turbines, creating an improved level of business case certainty. 2 “With the introduction of the V155-3.3 MW wind turbin...
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