Economy

Catastrophe Bonds (Cat Bonds)
Catastrophe Bonds (Cat Bonds)

Catastrophe Bonds (Cat Bonds) are high-risk, high-return financial instruments that transfer disaster-related risks to global capital markets.

DPIP
Digital Payment Intelligence Platform (DPIP): A New Step Towards Secure Banking

Why In News: Digital Payment Intelligence Platform The Reserve Bank of India (RBI), along with public and private sector banks, is working on the development of a Digital Payment Intelligence Platform (DPIP). This platform will function as a Digital Public Infrastructure (DPI) to strengthen the security and trust in digital payments. What is Digital Public Infrastructure (DPI)? DPI refers to essential digital systems that are: These systems support key public services. Examples include Aadhaar, Unified Payments Interface (UPI), and DigiLocker.

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