MANU/PIBU/0258/2022

Department/Board : Press Information Bureau

Date : 01.02.2022

RBI to issue Digital Rupee starting from 2022-23

DATA CENTRES AND ENERGY STORAGE SYSTEMS TO BE INCLUDED IN HARMONIZED LIST OF INFRASTRUCTURE

EXPERT COMMITTEE TO STUDY SCALING UP VENTURE CAPITAL AND PRIVATE EQUITY INVESTMENT

Rs. 5.5 LAKH CRORE INVESTED BY VENTURE CAPITAL AND PRIVATE EQUITY LAST YEAR

BLENDED FINANCE FROM THEMATIC FUNDS MANAGED BY PRIVATE FUND MANAGERS TO PROMOTE IMPORTANT SUNRISE SECTORS

TECHNICAL AND KNOWLEDGE ASSISTANCE FROM MULTI-LATERAL AGENCIES TO ENHANCE FINANCIAL VIABILITY OF PROJECTS

Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23. While presenting the Union Budget for 2022-23, in Parliament today, she elaborated that introduction of Central Bank Digital Currency (CBDC) would give a big boost to digital economy. "Digital currency will also lead to a more efficient and cheaper currency management system", she said.

She further proposed various other initiatives to boost investment and credit availability in the country.

Infrastructure Status

Smt. Sitharaman proposed that the Data Centres and Energy Storage Systems including dense charging infrastructure and grid-scale battery systems would be included in the harmonized list of infrastructure. "This will facilitate credit availability for digital infrastructure and clean energy storage", she said.

Venture Capital and Private Equity Investment

The Finance Minister proposed setting up of an expert committee to examine and suggest appropriate measures to scale up Venture Capital and Private Equity investment. She noted that the Venture Capital and Private Equity invested more than Rs. 5.5 lakh crore last year facilitating one of the largest start-up and........