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1 January – India begins its two-year tenure (2021–22) as a non-permanent member of the UNSC. [1] 2 January – India approves two coronavirus vaccines, Bharat Biotech's "Covaxin" and the Oxford/AstraZeneca "Covishield", for emergency use. [2] [3] Experts raised questions over the efficacy of Covaxin and a lack of transparency in trials. [4 ...
Digital India is a campaign launched by the Government of India to make its services available to citizens electronically via improved online infrastructure and by increasing Internet connectivity. [ 1 ] [ 2 ] The initiative includes plans to connect rural areas with high-speed internet networks.
On 29 January 2021, Government of India proposed a bill to ban trading and investments in cryptocurrencies while giving legal power to the RBI for developing CBDC. [39] [40] During the announcement of the 2022 Union budget of India, Nirmala Sitharaman from Ministry of Finance announced the roll out of the Digital Rupee from 2023. [41]
The profile of India's internet user base was predicted to diversify by 2030 with 80% of users accessing vernacular content and with users over 25 years making up 45% of the total subscriber base. [34] There is also a digital gender gap with far more male Internet users in the country compared to female users.
By August 2022 all systems will become operational. ONDC will start servicing 100 cities and will also open for wider public use in Bengaluru, New Delhi, Coimbatore, Bhopal and Shillong where pilot projects are ongoing. By the end of 2022, ONDC will go live at national level covering the entire country. [43]
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The Digital Rupee (e₹) [6] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [7] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [8] Digital Rupee is using blockchain distributed-ledger technology. [9]
Due to a substantial increase in investments in 2021, 3 new unicorns were added to the Digital payment sector by first quarter of 2022, taking the total to 8 unicorns valuating to a total of US$243 billion and these unicorns include: BharatPe, BillDesk Cashfree, CRED, Paytm, PhonePe, Pine Labs, RazorPay, Zeta. [10]