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digital rupee

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    India's digital rupee seen aiding welfare delivery▼How a central bank digital currency helps governments in India meet their welfare promises✉newsBusinessBanking3 h ago

    India's central bank digital currency is being examined as a tool to help the government deliver on its welfare promises. By transferring benefits directly to citizens in digital rupees, authorities can reduce leakages and delays in subsidy schemes and track funds more transparently. Commentary so far focuses on how the e-rupee could improve the efficiency of social programmes, though broader adoption and public trust remain key challenges to be addressed.