📷 Image: Wikimedia Commons / Ministry of Cooperation
Business
HM Amit Shah launches India's first Central Bank digital currency for transparent delivery
✍️ newsonair.gov.in
🗓 25 Sep 2026, 06:06 AM
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Union Home Minister Amit Shah launched India's first Central Bank digital currency, aimed at bringing transparency to the delivery mechanism.
Union Home Minister Amit Shah launched the country's first Central Bank digital currency, marking a significant step in India's financial and governance framework. The initiative is designed to strengthen transparency in the delivery mechanism of public services and welfare schemes.
The digital currency, backed by the Central Bank, is expected to streamline transactions and reduce leakages in government transfers. Officials believe it will enhance accountability and ensure that benefits reach intended beneficiaries more efficiently.
By introducing this digital instrument, the government aims to modernise the payment ecosystem while reinforcing trust in institutional delivery systems. The launch underscores the administration's push towards a more transparent and technology-driven governance model.
The digital currency, backed by the Central Bank, is expected to streamline transactions and reduce leakages in government transfers. Officials believe it will enhance accountability and ensure that benefits reach intended beneficiaries more efficiently.
By introducing this digital instrument, the government aims to modernise the payment ecosystem while reinforcing trust in institutional delivery systems. The launch underscores the administration's push towards a more transparent and technology-driven governance model.