The Reserve Bank of India operates in a digital currency, separate from cryptocurrency. “We don’t want to stay behind in a technological revolution,” said Reserve Bank Governor Shakthikanta Das. The advantages of blockchain technology need to be magnified. He has raised some concerns about cryptocurrency.
Speaking on the foundation day of the Bombay Chamber of Commerce and Industry, Shakti Das said India stands at the threshold of success. Petrol prices are a cost-saving factor, in which case central and state governments need to take coordinated steps to reduce the tax on fuel prices.
Reserve Bank Governor Shakthikanta Das said the manufacturing sector is working to improve the pace of growth. The country’s MSME sector has been the engine of growth for the economy. Companies need to invest more in healthcare. “We have some concerns about cryptocurrency,” he said. We are working to improve our regulatory framework for the MFI sector.
Important news for PNB Bank customers, checkbook rules will change from April 1
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