Before the introduction of currency, we had a barter system for the exchange of goods and services in ancient India since the Vedic ages. Over the years, the barter system had been replaced by more convenient precious metals or metals of different weights for the exchange of goods. The excavations at Mahenjo-Daro present strong evidence […]
NEW DELHI: Can you pay someone digitally even if you don’t have access to the Internet? Well, the Reserve Bank of India (RBI) is exploring possibilities of designing India’s upcoming digital currency in such a way that it can be transacted even when you don’t have access to the Internet. A senior official closely […]