ECONOMICA

Introduction : Agriculture plays a significant role for the development of the economy of a country . It makes a noteworthy contribution for the economic prosperity of advanced countries. Also, its role in the development of less developed countries is of vital importance. Around 60% of the population in India is dependent on agriculture as of June 2022, making it the largest source of livelihood for the entire nation. The dependency on agriculture has been constant for a long time. The share of agriculture is often taken as an indicator of economic development. Dependency of a large population on agriculture for its livelihood leads to low average income. The relative importance of agriculture declines when a country develops economically. The share of agriculture and allied sector in total GVA accounts for 18.8% in 2021-22. To end extreme insufficiency and boost the welfare of the country, agricultural development is considered as one of the most pivotal tools.   Role of Agricult...

·  What is a Digital Rupee?     “Digital currency is basically a payment system that involves digital transactions in electronic form and is not physically tangible like a rupee.” – Rachit Chawla, the CEO of Finway FSC.      As we know, the INR, or simply, the rupee, is a non-electronic, uniform, portable and durable means of exchange. With all these features, a question would arise – “Is there a need to introduce any other exchange”? Well, if there are no questions about its creditability, then the answer would be “why not”? With such an intent, the Reserve Bank of India (RBI) launched India's first digital rupee pilot project on November 1, 2022.   The digital rupee ( e₹ ), also known as Central Bank Digital Currency (CBDC) , is a digital form of currency notes issued by the central bank of India, the Reserve Bank of India.      The digital rupee is electronic money, which makes it more durable than regular currency...