The many ways in which e-RUPI could alter the country's economic landscape

e-RUPI: The mechanism could eliminate dual pricing and target the black economy, while taking the nation one step forward towards establishing its own digital currency

Dual pricing of many commodities, from subsidised rice and fertiliser to concessional train tickets, could become history with e-RUPI. 

Commentators have excitedly discussed how close or far off from a digital currency India’s e-RUPI is, but they have missed noticing a huge clean up of government accounts, including potential generation of black money which this new system makes possible to target. 

e-RUPI was launched last week by the government. The banks are, of course, figuring out what will be their transaction cost to handle the volumes that NPCI expects e-RUPI to generate. There are no figures as