RBI News: The government is continuously appealing to the public to go digital. But on the other hand, Reserve Bank of India i.e. RBI is talking about depositing cash directly in the phones of customers. Everyone is surprised to hear this from the Reserve Bank that how can this happen? RBI itself is informing its customers about this. Let us tell you how.

RBI’s message
Actually, a message is going to people’s phones from RBI. Through which it is being told that soon they are going to send cash directly to people’s phones. It is written in this message, ‘What if cash comes to your phone itself? This is possible with Digital Rupee (eRupee). According to this message, RBI is talking about putting digital money in your phone. Through which you will be able to easily make payment anywhere.

Also read: Retail Inflation: Prices of vegetables and ration increased, retail inflation reached 4.38 percent in June, figures started scaring.

It is further written in this message, ‘Digital currency issued by RBI. No worries about change. Works on all QR codes including UPI. Now pay smartly, with the confidence of the Central Bank of India. RBI says digital rupee: cash, but digital. According to this message, RBI is now emphasizing on adopting digital currency and not UPI.

What is digital currency?
Digital currency is like cash but in digital form. This rupee is an electronic form of money, which cannot be touched but can be used. It can be used on mobile, computer or as a digital wallet. With this, online payment, sending money, shopping, all these things can be done.

RBI is now promoting this digital currency in place of cash. So that people minimize the use of cash and do all the work digitally.

Also read: Big decision of the government, now India will buy this thing from America, new avenues of earning will also open.

The Reserve Bank of India (RBI), India’s central bank, has proposed to link the official digital currencies of BRICS countries (Brazil, Russia, India, China, South Africa and other members). With this step, payments related to cross-border trade and tourism between these countries will become easier, faster and cheaper. Besides, it can also help in reducing dependence on the US dollar amid geopolitical tension.

Proposal to include it in the agenda of 2026 BRICS Summit

Two sources told Reuters that the RBI has recommended to the Indian government that this proposal be included in the agenda of the 2026 BRICS summit. India will host this summit this year. If this proposal is approved, then for the first time in BRICS the formal issue of linking digital currencies of member countries will arise.

What is the purpose of this proposal?

• To ease trade and tourism payments between BRICS countries.
• Completing transactions in less time and less expense than traditional payment systems.
• Less reliance on dollar-based systems (such as SWIFT) due to geopolitical tensions (such as increasing disputes with the US).
• This proposal is based on the manifesto of the BRICS Summit held in Rio de Janeiro in 2025, in which it was said to connect the payment systems of the member countries and improve cross-border transactions.

What is the status of digital currencies of BRICS countries?

• So far, no main member of BRICS has fully launched its digital currency, but all are running pilot projects.
• India’s e-rupee (digital rupee) was launched in December 2022. Till now it has about 70 lakh retail users.
• To promote e-rupee, RBI has started the facility of offline payments, programmable feature for government subsidies and providing digital wallet to fintech companies.
• China is promoting its digital yuan internationally.

What are the challenges in mixing currencies of all countries?

According to sources, member countries may hesitate in adopting technical platforms made by others. To be successful, it will be necessary to agree on interoperability of technology (ability to work continuously), rules of governance and how to handle trade imbalance. A source told Reuters that the option of a bilateral foreign currency swap arrangement between central banks is also being considered to manage the trade imbalance.

Trump had called BRICS anti-American

RBI has also earlier said that it is interested in linking India’s digital currency with CBDCs of other countries, so that international transactions can be faster and the global use of rupee increases. But RBI has clearly said that these efforts are not to remove the dollar. US President Donald Trump had earlier called BRICS ‘anti-American’ and threatened to impose tariffs on its members. However, this proposal can be a big step towards strengthening economic cooperation between BRICS countries. Right now it is in the initial stage and will move forward only after discussion in the 2026 summit.

Crypto currency: Most people in the country are still confused about cryptocurrency. Some consider it to be a future money, and someone considers it gambling. Meanwhile, a Union Minister of the Modi government has shocked everyone by revealing big investment in Crypto for the second consecutive time. Rashtriya Lok Dal President and Minister in Modi Cabinet, Jayant Chaudhary, has said in information about his annual property that he and his wife Charu Singh together have invested more than 43 lakh rupees in cryptocurrency.

After this revelation, questions have arisen in the minds of many people. For example, is investment in crypto a profitable deal and is it changing the attitude towards Crypto in India? So let’s know that Modi government minister Jayant Chaudhary in which a lot of money has been invested is a profitable deal.
This minister of Modi government has put a lot of money in crypto

Every year the details of the property of the ministers of the Modi government are published on the website of the Prime Minister’s Office. Due to this, Jayant Chaudhary and his wife have made public information about their property. The most important thing in this information is that he mentioned his investment in cryptocurrency. Jayant Chaudhary has declared a crypto investment of Rs 21.31 lakh. His wife Charu Singh has given information about crypto holdings worth Rs 22.41 lakh. Both have made it clear that this money has been invested with their personal savings. However, this is not the first time the minister has revealed investment in crypto. Last year too, he and his wife had informed about the investment, which has increased this time in 2024, Jayant had invested 17.9 lakhs and Charu had invested Rs 19 lakh in crypto. Now this investment has increased by 19 percent and 18 percent.

Is it a profitable deal to invest crypts?

Many people in India have been divided about cryptocurrency. Now it has become a big trend-seater moment. In such a situation, investing crypts can be a profitable deal. For example, investing at the right time in Crypto can give a huge return. At the same time, it is considered to be a future bright as digital assets, but this does not mean that everyone should invest in crypto as the fluctuations in crypto are very high, as well as there is no concrete regulation in India yet. The Government of India has not fully regulated Cryptocurrency. Apart from this, it is taxed and TDS is also deducted on every transaction.

Also read Top Political Parties India: BJP’s largest party BJP and which political party at number two? See Top-5 list