Monday, October 7

Informative

PM Modi introduces Vishwakarma scheme for economic empowerment.

The primary objective of the scheme is to enhance the accessibility and quality of products and services offered by traditional artisans and craftsmen. By providing them with financial assistance, the government aims to empower this vital sector of the economy, ensuring they are seamlessly integrated into domestic and global value chains.

RBI

The digital rupee pilot project has been started in the Wholesale segment from November according to the statement of RBI on ‘Operationalization of Central bank digital currency – Wholesale pilot project. According to the RBI it is a step to make the inter-bank market more efficient. Th settlement in central bank money would reduce transaction cost. Based on the learning from the first phase of the pilot project , the future ones will focus on other wholesale transactions and cross-border payments

Emissions

This is an annual report which assesses the gap between the pledges taken by different countries to reduce greenhouse gas emissions and the required reduction as per estimates to maintain the average global temperature to rise less than 2⁰ Celsius, by the end of this century

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