In a major reform aimed at transforming India’s food subsidy system, the Government of India on Wednesday launched a Central Bank Digital Currency (CBDC)-based Digital Food Currency pilot in Puducherry under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). The initiative enables direct transfer of food subsidy into beneficiaries’ CBDC…
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CBDC Food Subsidy Pilot Under PMGKAY in Puducherry
In a significant move to modernise India’s subsidy delivery system, the Government of India will launch a Central Bank Digital Currency (CBDC)-based food subsidy distribution pilot under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in Puducherry on February 26, 2026. The initiative aims to enhance transparency, efficiency and accountability…
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Amit Shah Launches CBDC-Based PDS in Gujarat
Gandhinagar, February 15, 2026: Union Home Minister and Minister of Cooperation Amit Shah on Saturday launched a Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) in Gandhinagar, marking a major step in integrating Digital India with food security delivery. The initiative, inaugurated in the presence of Gujarat Chief Minister…
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Why RBI Wants BRICS to Use Digital Currencies for Trade
The Reserve Bank of India (RBI) is encouraging the Indian government to promote the use of central bank digital currencies (CBDCs) for cross-border payments among BRICS nations, according to recent media reports. The move reflects India’s growing interest in reshaping global payment systems, reducing transaction costs, and limiting over-dependence on…
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RBI Pushes BRICS Digital Currency for Easier Payments
India’s central bank has proposed a landmark initiative to link the digital currencies of BRICS nations, a move that could reshape cross-border trade and tourism payments while gradually reducing reliance on the US dollar. The proposal, recommended by the Reserve Bank of India (RBI), is expected to be placed on…