RBI governor Shaktikanta Das on Friday disclosed that the Central Bank Digital Currency (CBDC) -Retail will be accessible to a broader segment of users by enabling non-bank payment system operators (PSOs) that include third party payment app providers like PhonePe to offer CBDC wallets.
Climate change
The RBI has for the first time, carried out a study on the impact of a new factor – climate change – on macroeconomic growth. The central bank here said that in the absence of any climate mitigation policies, the long-term output will be lower by around 9 per cent by 2050 vis-à-vis a no climate change scenario with full pass-through of the physical risks of climate change to the economy.
Green bonds
The RBI today said that with a view to facilitate wider non-resident participation in Sovereign Green Bonds, eligible foreign investors in the IFSC, will be allowed to invedst and trade in these bonds.
In a bid to make G-Secs more accessible to retail investors, RBI is planning to launch a mobile app for accessing the Retail Direct portal. This is also expected to deepen the market.