Anantapur: Prof. Debashish Acharya from the School of Economics, University of Hyderabad, highlighted the RBI’s digital currency ecosystem at a national seminar on Digital Transformation and the Future of India’s Economy, organised by the Indian Council for Social Science Research (ICSSR) at the Central University of Andhra Pradesh.
In his keynote, Acharya discussed the advantages of digital payments over traditional cash, focusing on features like 24/7 automatic sweep-in and sweep-out systems. He stressed the importance of improving grievance redressal, educating the public, and building trust through secure infrastructure. He suggested that central bank digital currency (CBDC) could make payments more efficient, accessible, and reliable.
The seminar also featured Prof. S.A. Kori, vice chancellor of the Central University of Andhra Pradesh, who commended the university’s academic progress. Prof. B. Sudhakar Reddy of ICSSR-SRC, Hyderabad, spoke on digital development in India, while Prof. M.D. Bavaiah from SIDBI-PMU, Telangana, addressed digital transformation for the MSME sector.
A total of 74 papers from 14 states were presented, with notable participants including Prof. G. Ram Reddy and Prof. Rajendra Prasad.
