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[1].[GS+CSAT+Test Series & many more] 15 Months UPSC PLUS Subscription at Just Rs.29,999/-🤩 Subscribe Now: https://unacademy.com/goal/upsc-civil-services-examination-ias-preparation/KSCGY/subscribe?plan_type=plus&referral_code=MRUNAL.ORG (🔖discount Code: MRUNAL.ORG). [2]. 📝 UAIPMT (Unacademy All India Prelims Mock Test) FREE Test: https://unacademy.com/scholarship/uaipmt (🔖Unlock Code: MRUNAL.ORG). [3]. 📌📌Download the Handout & Enroll Now for the next sessions: https://unacademy.com/content/upsc/mrunal-patel/ 👉 In case of any query, please call on this number: 8585858585 ~~~~~ Mrunal's [Win24] Economy Pill#1A1: Digital Payments, UPI, CBDC Yes Mitron, for upcoming UPSC Prelims and Mains, I am providing free updates on the economy’s current affairs, Latest Budget and Economic survey, government schemes and even some theories as per the latest exam trend. do join, lets crack it. Timestamps: 00:00 Introduction 04:51 PYQs Trend Analysis 13:07 WIN 24 Outline 14:24 Fiat Money 19:25 RTGS and NEFT 23:02 Lightweight Payment and Settlement System (LPSS) 26:49 Pre-sanctioned Credit Lines 30:12 Hybrid/Mixed mode in MGNREGA 34:14 Local Currency Settlement Systes 39:14 Digital Currency - CBDC 59:07 Regulation of Cryptocurrency ~~~~~~ - Money: Fiat Money and Legal Tender - Money Types: Gresham law: good vs bad money | soft vs hard currency - Banking / Digital Payment / E-Banking related updates - Cheque → NPCi’s Cheque Truncation System (CTS) & Positive Pay - LPSS- lightweight payment and settlement system - UPI, daily transaction limits , UPI-Lite (on-device wallet) • UPI-Lite + NFC = Offline Retail Payment / Tap-and-pay • Conversational payments in UPI • Interchange fee by NPCi • UPI in Srilanka, Mauritius • Pre-sanctioned credit line in UPI • UPI: Pre-sanctioned credit line/Overdraft in UPI • Benefits of UPI-overdraft facility? • Interoperable Card-less Cash Withdrawal (ICCW) • NACH-ABPS : Hybrid / Mixed mode in MGNREGA • National Common Mobility Card (NCMC, 2019) • SBI’s Nation First Transit Card • UPAY Cards- International acceptance • Auto-Debit/E-mandates and Additional Factor of Authentication (AFA) • Payments Infrastructure Development Fund (PIDF) by RBI • Central Bank Digital Currency (CBDC) • Indian CBDC symbol (e₹), wholesale vs Retail, Indian CBDC • Settlement finality • CBDC - Interoperability permitted with UPI QR Codes • CBDC - programability & offline features • Fungibility of CBDC • Crypto-Currency & Blockchain Tech: other dev • Bitcoin ETF allowed in USA but RBI not to allow in India - Cryptocurrency → global regulations ~~~~~~~~~~ ⚡[Most Important Links]⚡ 1. 👨‍🏫 Enroll Now for the WIN’24 Series by Mrunal Patel: https://unacademy.com/content/upsc/mrunal-patel/ 2. ⬇️ Download the Previous Year Topic Wise Question papers (Please scroll down for the same): https://unacademy.com/content/upsc/downloads/ 4. ⬇️ Download Monthly Current Affairs Magazine - Articulate Magazine for UPSC: https://unacademy.com/content/upsc/downloads/ ~~~ 👨‍🏫Mrunal Patel Playlist: ⏯️ Mrunal Patel Current Affairs Strategy for UPSC preparation: https://www.youtube.com/playlist?list=PLSVABdpsEegkx5mCedAXBm39ctTQkoAyC ⏯️UPSC Doubt Darbaar: https://www.youtube.com/playlist?list=PLSVABdpsEegnP20KvtvcysLCZp4Z7Pl8F ⏯️ Complete Budget-2024 Analysis by Mrunal Patel for Competitive Exams: https://www.youtube.com/playlist?list=PLSVABdpsEeglwVanLh5AvKVRN84tLir3y ⏯️ Economy WIN23 Series Annual Current Update For UPSC by Mrunal Patel: https://www.youtube.com/playlist?list=PLSVABdpsEegm0p5ZfGDeYhJGRpgSBlDdW ~~~ 🔖Mrunal Patel Links: 👉Mrunal Patel Profile: https://unacademy.com/@mrunal.org 👉Mrunal Patel Free Courses: https://unacademy.com/@mrunal.org/courses?&type=free 👉Mrunal Patel Plus Classes: https://unacademy.com/@mrunal.org/courses?&type=plus 👉Mrunal Patel Batches: https://unacademy.com/@mrunal.org/courses?goal=all&type=batch ~~ 🤙 Call @TheMrunalPatel's team on 8585858585 and take your UPSC CSE Preparations to the next level. ~ Let's crack it 🚀 #economy #win24 #mrunalpatel #upsc #currentaffairs #digitalpayments #upi #cbdc #cryptocurrency #rtgs #neft #bankingsystem #budget #budget2024 #economicsurvey #upscpreparation #upsc2024 #prelims2024 #economycurrentaffairs #upscpyq #economypyq #importanttopics #upsccse #ias2024 #unacademyupsc