A new Digital Rupee is proposed to be introduced by the Reserve Bank of India using blockchain technology starting from 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday.
In her Union Budget 2022-23 speech, she also said Rs 1 lakh crore financial assistance to states will be provided in 2022-23 to catalyse investments.
The finance minister further said that in 2022-23, states will be allowed fiscal deficit of up to 4 pc of GSDP.
Highlights of Union Budget 2022-23
Spectrum auctions will facilitate 5G roll-out: FM
Infra funding will be guided by Gati Shakti: FM
Govt to promote Kisan Drones, chemical-free farming