India Launches Programmable e-Rupee for Public Distribution System, Pilot Begins in Gujarat
Bhubaneswar: Union Home Minister Amit Shah on Sunday inaugurated India’s first Central Bank Digital Currency (CBDC)–based Public Distribution System (PDS), marking a major step towards digitising welfare delivery for nearly 80 crore beneficiaries under the National Food Security Act (NFSA). Under the system, programmable e-Rupee tokens will be credited to beneficiaries’ RBI-linked digital wallets. These…