Pegged Regime (1971-1992): India pegged its currency to the US dollar (from August 1971 to December 1991) and to the pound sterling ... Types of exchange rate management.

The Reserve Bank plans to comprehensively revamp its currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to cater to the future cash ...

The Reserve Bank of India is set to revamp its currency management infrastructure over the next 4-5 years. This project includes establishing new currency management centres, automating warehouses ...

However, RBI was granted its role in currency management on the basis of the Reserve Bank of India Act in 1934. Specifically, Section 22 of the RBI Act gives the bank the authority to issue ...

State-owned Engineers India and MECON as well as four private entities are in the fray for the project to comprehensively revamp RBI's currency management infrastructure in order to cater to ...

Currency management needs an overhaul The macro imbalance is a ... etc. For example, if apples (representative of a basket of goods) are selling at Rs 50 in India and $1 overseas, ...

Digital currency will also lead to a more efficient and cheaper currency management system,” she said. In a press note, New Delhi said its digital currency Central Bank will be treated as bank ...

India will impose a tax of 30% on income from cryptocurrencies and other digital ... Digital currency will also lead to a more efficient and cheaper currency management system," Sitharaman added.

Management of currency is one of the core central banking functions of the RBI. According to of Section 22 of the RBI Act, the Reserve Bank is the sole authority for issue of currency in India .

India has imposed a 30 per cent tax on any income from the transfer of virtual digital assets, including cryptocurrencies and NFTs, Union Finance Minister Nirmala Sitharaman said on Tuesday.. The ...