Budget 2022: RBI to issue digital rupee starting from 2022-23



Quick Summary
The Reserve Bank of India is set to introduce a digital rupee, utilising blockchain and other advanced technologies, starting from the fiscal year 2022-23. This move, announced as part of the Union Budget 2022-23, is expected to significantly enhance the digital economy and create a more efficient and cost-effective currency management system. The government also proposed other measures to stimulate investment and credit availability across various sectors.

DATA CENTRES AND ENERGY STORAGE SYSTEMS TO BE INCLUDED IN HARMONIZED LIST OF INFRASTRUCTURE EXPERT COMMITTEE TO STUDY SCALING UP VENTURE CAPITAL AND PRIVATE EQUITY INVESTMENT Rs. 5.5 LAKH CRORE INVESTED BY VENTURE CAPITAL AND PRIVATE EQUITY LAST YEAR BLENDED FINANCE FROM THEMATIC FUNDS MANA
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FAQ :

The digital rupee is planned to be issued by the Reserve Bank of India starting from the fiscal year 2022-23.

The digital rupee will be introduced using blockchain and other relevant technologies.

The introduction of the digital rupee is expected to provide a significant boost to the digital economy and lead to a more efficient and cheaper currency management system.

Other proposals include including data centres and energy storage systems in the harmonised list of infrastructure, setting up an expert committee to scale up venture capital and private equity investment, promoting thematic funds for blended finance, and enhancing the financial viability of infrastructure projects.

Data Centres and Energy Storage Systems, including dense charging infrastructure and grid-scale battery systems, will be included in the harmonised list of infrastructure.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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