Current Affairs - Economy - Discussion

Utkarsh 2029 is the medium-term strategic framework introduced by the Reserve Bank of India to enhance and modernise the financial ecosystem. It outlines a structured plan covering a three-year period from April 2026 to March 2029. The framework includes initiatives such as modernisation of currency management, expansion of digital banking infrastructure, and improved financial inclusion through nationwide systems. It also focuses on technological advancements like Central Bank Digital Currency, Artificial Intelligence regulations, and global expansion of payment systems, building upon earlier strategies to ensure a more robust and efficient financial environment.