🔴 What is a Central Bank Digital Currency (CBDC) ?

👉CBDC is a legal tender issued by a central bank in a digital form.

👉 It is similar to a fiat currency issued in paper and is interchangeable with any other fiat currency

🔴 What is the need for CBDC?

👉 the goal is to provide users with convenience and security of digital as well as the regulated, reserve-backed circulation of the traditional banking system.

🔴 What does this change for citizens?

👉 There are several models proposed by technology experts and evangelists on how the Digital Rupee could be transacted but a formal announcement by the Reserve Bank of India will likely detail how the Digital Rupee will be transacted by citizens.

♦️One chief difference will be that a Digital Rupee transaction will be instantaneous as opposed to the current digital payment experience.

@UPSCMainsZone

Popularly known as Dawki river, the Umngot river in Meghalaya is undisputedly the cleanest river in Asia with its crystal clear water. It originates from the Eastern Shillong Peak, which is located 1,800 m above sea level.

The river is in the village of Mawlynnong ("God's Own Garden") in Meghalaya, close to India’s border with Bangladesh, which is touted as Asia’s Cleanest Village.

Alongside cleanliness, the village has also achieved a rare feat — a 100% literacy rate.

It acts as a natural divide between Jaintia and Khasi hills, before finally flowing into Bangladesh.

@upscprelimszone

Bonn Convention: The Convention on the Conservation of Migratory Species of Wild Animals, also known as the Convention on Migratory Species (CMS) or the Bonn Convention, is an international agreement that aims to conserve migratory species within their migratory ranges. India is a signatory to this Convention.