Digital Central Bank Currency (CBDC) has become one of the most important innovations in the field of money in the 21st century, being a digital obligation of the central bank that is identical to physical currency in terms of its legal force. The CBDC differs from privately issued cryptocurrencies or deposits held at commercial banks because it has the full backing of the monetary institution behind it. As economies around the world are digitalizing, the question is no longe

The latest Financial Stability Report (FSR) issued by the Reserve Bank of India in late June 2026 points out an interesting change in India's macro-financial environment. The report claims that India's household debt to GDP ratio hit an all-time high of 45.5%, up from 39.2% seen in March 2021. On the surface, a rising household debt to GDP ratio may reflect financial deepening and improved access to formal credit. But the argument remains incomplete; its macroeconomic implic

Artificial Intelligence was created as a niche field that used to focus mainly on research and on creating machines that were capable of performing tasks that normally require human intelligence. Early innovators thought of AI as a tool that would solve complex problems, automate repetitive work, and enhance human capabilities. Illustration by The Geostrata For decades, the development of AI was limited to just laboratories and specific industries and focused on improving eff

The Committee on Digital Competition Law released its report proposing a new Digital Competition Law for India alongside the draft ...