Youth Apps

The Reserve Bank of India has issued a Concept Note on India's Central Bank Digital Currency (CBDC) Central Bank Digital Currency (CBDC) is a digital representation of a central bank's currency notes. While most central banks throughout the world are considering issuing CBDC, the main reasons for doing so are unique to each country's needs. This Concept Note describes the goals, options, benefits, and hazards of issuing a CBDC in India, also known as e-CBDC (digital Rupee). The e-rupee will be an alternative to the currently existing kinds of money. It is quite similar to banknotes, but because it is digital, it is likely to be easier, faster, and less expensive. It also has all of the transactional advantages of other types of digital currency. The goal of issuing this Concept Note is to raise awareness about CBDCs in general, and specifically about the proposed features of the Digital Rupee (e). It describes the goals, options, advantages, and hazards of granting a CBDC i...

 List of Apps & Website which is not Authorised to Deal with Forex Trading in India (RBI) Reserve Bank of India has given the list of apps, company and their website which are not authorised to deal with Forex in India.   The Alert List contains names of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018. This list is not exhaustive and is based on what was known to RBI at the time of publication. An entity not appearing in the list should not be assumed to be authorised by the RBI. The authorisation status of any person / ETP can be ascertained from the list of authorised persons and authorised ETPs. Sr. No Name Website 1 Alpari https://alpari.com 2 AnyFX https://anyfx.in 3 Ava Trade https://www.avatrade.com 4 Binomo https://binomoidr.com/in 5 eToro https://...

The Reserve Bank of India has launched two new services: (a) UPI for Feature Phones (UPI123pay) and (b) a 24x7 Digital Payments Helpline (DigiSaathi) During the launch of the two projects, RBI Governor Shri Shaktikanta Das emphasised the importance of these initiatives in increasing the diversity, utility, and transformative impact of digital technologies in the country. These activities will help to strengthen the digital ecosystem and increase financial inclusion. The Governor further underlined that the RBI is dedicated to creating a conducive environment for this. UPI123Pay – an option to make Unified Payments Interface (UPI) payments for feature phone users DigiSaathi – a 24x7 Helpline to resolve digital payment customers' queries across products. At the moment, smart phones provide convenient access to UPI. UPI can be accessed via NUUP (National Unified USSD Platform) by dialling *99#. However, this is a time-consuming and unpopular approach. Given that the country has over 4...

Download & Install (मणि) MANI – Mobile Aided Note Identifier Mobile App Introduction: Today in Youth Apps, we are going to explore a new mobile app called, (मणि) MANI – Mobile Aided Note Identifier. This app has been released by RESERVE BANK OF INDIA Tools and has an average rating of 3.3 in apps store as of today. Features: Let's look at the feature of (मणि) MANI – Mobile Aided Note Identifier Mobile app, these features and content are from the developer of the mobile app itself, Banknotes under Mahatma Gandhi (New) series with change in the size and design were introduced in November 2016. Under this new series, banknotes in the denominations of Rs.10, Rs.20, Rs.50, Rs.100, Rs.200 Rs.500 and Rs.2000 have since been released. The Reserve Bank of India has been sensitive to the challenges faced by the visually challenged in conducting their day to day business with Indian banknotes. This application will aid the visually impaired to identify the denomination...