A timely push for the digital rupee

Moving to the digital rupee—India's central bank digital currency (CBDC)—for subsidy payments, a course the Centre is considering, could deliver multiple benefits.

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For one, this will help familiarize large chunks of the population with the rupee's digital form, which remains rather "niche" at present. And, as this newspaper has reported, given that it can be tied to a specific end-use and deadline, the government can ensure against the abuse of the transferred amount as also take care of any lag in consumption, which can be the case with cash transfers to accounts. Then, there are the cost savings