Prime Minister Narendra Modi and Chinese President Xi Jinping had exchanged courtesies and spoke on the need to stabilise the bilateral relations at a dinner during the G20 summit in Bali last year, the Ministry of External Affairs (MEA) said.

During a G20 event last week, representatives from the RBI had said that the ability to facilitate CBDC payments via UPI QR codes will be deployed around July end. It could be any day now, that retailers accepting India’s CBDC as a payment option, would just have to extend their existing QR codes to their customers and let them scan them for payments to go through.

India's digital public infrastructure plays on key aspects of scale and technology being centred around public interest, and is a "marvellous model" for what others can do as citizenship becomes a digitalised phenomenon globally, Nick Clegg, President Global Affairs of Meta.