E-RUPEE -CENTRAL BANK DIGITAL CURRENCY

 RBI LAUNCHED CBDC ON 01 DEC AS A PILOT IN FOUR INDIAN CITIES.

WHAT IS CBDC     - To those not well versed with digital currency technology, cryptocurrency and CBDC might seem tobe one and the same thing . But they aren’t. 

1.  The RBI had  mentioned earlier that  “CBDC is the legal tender issued by a central bank in a digital form. It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Only its form is different.” In effect, the retail e-rupee will be an electronic version of cash, and will be primarily meant for retail transactions. It will be potentially available for use by all — the private sector, non-financial consumers and businesses — and will be able to provide access to safe money for payment and settlement, as it will be the direct liability 

ACTIONS - ON DEMISE OF A PENSIONER OR FAMILY PENSIONER

 ACTIONS BY NOK ON DEMISE OF A PENSIONER OR FAMILY PENSIONER

1. This post is in an abridged form of the main POST on the SUBJECT and has been created here to provide quick guidelines on the actions to be taken. The demise of a family member specially the Pensioner is an utmost traumatic moment for the  NOK. However, the orderly transition of life in the absence of the Veteran has to be ensured.
2. The family friends will come forward to take on the immediate actions on themselves to help the traumatized family. But subsequent actions have to be taken on by the NOK and legal heirs, we are giving these here in brief however for elaborate details one must follow our detailed post at  ... (Contd)