nib.
Briefed. Not Overwhelmed.
News In Brief, Nownibnow by ravenso
PM Modi to inaugurate RBI's data centre in BhubaneswarPhoto: Economic Times Industry
nib.
BUSINESSEconomic Times Industry · 3 hours agoLive

PM Modi to inaugurate RBI's data centre in Bhubaneswar

Reported by Economic Times Industry, not nibnow. We are not the publisher of this story, only the source is.

WHY IT MATTERS

The new RBI data centre and Cybersecurity Training Institute in Odisha will strengthen the country's digital infrastructure and enhance the security of payment and settlement systems, affecting the reliability of financial services for citizens and businesses.

WHAT HAPPENED

Prime Minister Narendra Modi is set to inaugurate the Reserve Bank of India's state-of-the-art data centre and Cybersecurity Training Institute on Sunday. This initiative aims to bolster Odisha’s digital framework and elevate national financial security. Situated in Jatni, the facility is designed to support crucial payment and settlement operations. With 2,100 police personnel and traffic regulations in place, this visit marks Modi's ninth trip to Odisha since 2024.

KEY CONTEXT

The Reserve Bank of India is India's central bank, responsible for monetary policy and overseeing the nation's payment systems; data centres like this one host critical technology that processes transactions and protect against cyber threats, which are essential for a stable financial system.

WHAT TO WATCH
  • •Announcements from the RBI on how the new facility will be integrated into existing payment networks
  • •Updates on cybersecurity training programs and any related policy initiatives
  • •Potential follow‑up visits or statements by officials regarding the centre’s impact on regional digital development
Text size
READ IN YOUR LENS
UPSCMarketsFounder
Read full article at Economic Times Industry