Shine india monthly magazine Published this article page no 36 Data Portability As with other record keeping systems once data is logged in one system transferring that data to a new system may be problematic. Regulation Some technologies like the permissionless Bitcoin Blockchain bypass regulation completely to tackle inefficiencies in conventional intermediated payment networks. Another challenge of the Blockchain approach is that it reduces oversight. India is yet to implement clearly defined regulations on blockchain technology. Lack of awareness high cost and limited availability of skilled workforce is also a major impediment in the development of blockchain technology. 51% attack It refers to malicious users or a group of users taking control of more than 50% of the networks mining power. This enables them to recreate the blockchain thereby altering previous transactions and broadcasting to blockchain users that the attackers chain is valid. As it would be the longest chain other users may automatically accept it even though it was illegitimate. Government Steps Ministry of Electronics and Information Technology (MeitY) has supported a multi institutional project titled Distributed Centre of Excellence in Blockchain Technology with CDAC IDRBT and VJTI as executing agencies. Objectives of this initiative are o Evolving an ecosystem around R&D organizations Government departments and Academia to foster Blockchain technology o Design development and pilot deployment prototyping of Blockchain based applications in the domains of Governance Banking & Finance and Cyber Security o Conduct research to address the issues and challenges related to Blockchain usage in identified application domains o Evolving Blockchain framework using opensource implementations to suite the identified application domain requirements o Capacity building in Blockchain technology Shine india monthly magazine buy.
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shine india monthly magazine subscription
shine india monthly magazine subscription
shine india monthly magazine subscription published this article page no 31 what does rbis $5 billion dollarrupee swap mean? context the reserve bank of india (rbi) has conducted a $ 5 billion dollarrupee swap auction as part of its liquidity management initiative leading to infusion of dollars and sucking out of the rupee from the financial system. what is a dollar–rupee swap auction? its a forex tool whereby the central bank uses its currency to buy another currency or vice versa. in a dollar–rupee buysell swap the central bank buys dollars (us dollars or usd) from banks in exchange for indian rupees (inr) and immediately gets into an opposite deal with banks promising to sell dollars at a later date. why do central banks engage in it? forex swaps help in liquidity management. it also in a limited way helps in keeping the currency rates in check. a dollar–rupee buysell swap injects inr into the banking system while sucking out the dollars and the reverse happens in a sellbuy swap. why is rbi resorting to it now? surplus liquidity in the system is pegged at rs 7.5 lakh crore which needs to be curbed to keep a tab on inflation. usually the central bank will resort to traditional tools such as increasing the repo rate or increasing the cash reserve ratio (crr) but this can have a negative implication on the economy. therefore the rbi used a different toolkit variable rate reverse repo auction (vrrr) last year. impacts forex swaps are intended for liquidity management. therefore their impact on currency is only incidental. the rbi resorting to selling usd in two tranches will keep a check on rupees volatility and help curb its depreciation to some extent. for the bond market the exercise may have a pronounced impact. bonds yields are already on an incline. liquidity intervention through swaps indicates the rbis plan to use a different toolkit rather than the traditional ones and this leaves room for the central bank to buy bonds when needed. consequently the strategy will contain bond yields. instalinks prelims link 1. what is currency swap? 2. impacts. 3. rbi monetary policy tools. 4. bond yields. 5. bond yield curve. mains link discuss the significance of rbi currency swap shine india monthly magazine subscription buy.
banking service chronicle magazine
banking service chronicle magazine
banking service chronicle magazine published this article page no 23 autocratisation is spreading rapidly with a record of 33 countries autocratising. the level of democracy enjoyed by the average global citizen in 2021 is down to 1989 levels.111while sweden topped the ldi index other scandinavian countries such as denmark and norway along with costa rica and new zealand make up the top five in liberal democracy rankings. indias performance it classifies india as an electoral autocracy ranking it 93rd on the ldi out of 179 countries. india is one of the top ten autocratisers in the world says the report. india is part of a broader global trend of an antiplural political party driving a countrys autocratisation. ranked 93rd in the ldi india figures in the bottom 50% of countries. it has slipped further down in the electoral democracy index to 100 and even lower in the deliberative component index at 102. in south asia india is ranked below sri lanka (88) nepal (71) and bhutan (65) and above pakistan (117) in the ldi. reasons behind the overall situation one of the biggest drivers of autocratisation is toxic polarisation it is a dominant trend in 40 countries as opposed to 5 countries that showed rising polarisation in 2011. autocratisation is defined as a phenomenon that erodes respect of counterarguments and associated aspects of the deliberative component of democracy. misinformation as a policy tool the report identified misinformation as a key tool deployed by autocratising governments to sharpen polarisation and shape domestic and international opinion. repression of civil society and censorship of media these were other favored tools of autocratising regimes. rise of political hate speeches has also impacted the situation. 8. international fund for agricultural development (ifad) context the government of madhya pradesh in partnership with the international fund for agricultural development (ifad) proposed two inexpensive and ingenious ideas to encourage women to cook balanced meals. these are 1. the 7 days 7 plots programme here women from the village are taught how to grow different vegetables in their own gardens seven to be exact one for each day of the week. by the end of the week the first plot is ready to be harvested again. this way families get to eat fresh affordable vegetables that they can consume for longer and in greater quantity as against buying from the market and so reduce sickness. this scheme is an adjunct to the tejaswini rural women empowerment programme implemented by the unaffiliated ifad in mp banking service chronicle magazine buy.banking service chronicle magazine
banking service chronicle magazine
banking service chronicle magazine published this article page no 22 concerns over misuse they can be used by un observers ngos and journalists to gain access to contested areas where war crimes are being committed. however there is a risk of military or political abuse. for example the corridors can be used to smuggle weapons and fuel into besieged cities. who gets access? access to humanitarian corridors is determined by the parties to the conflict. its usually limited to neutral actors the un or aid organizations such as the red cross. they also determine the length of time the area and which means of transport trucks buses or planes are allowed to use the corridor. in rare cases humanitarian corridors are only organized by one of the parties to the conflict. this happened with the american airlift after the berlin blockade by the soviet union in 19481949. instalinks prelims link 1. what are humanitarian? 2. who establishes these corridors? 3. what are they used for? 4. significance. 7. democracy report 2022 context the latest edition of democracy report was released recently by the vdem institute at swedens university of gothenburg. the study was titled democracy report 2022 autocratisation changing nature? about the report the report classifies countries into four regime types based on their score in the liberal democratic index (ldi) liberal democracy electoral democracy electoral autocracy and closed autocracy. general observations more than twice as many countries are undergoing autocratisation as are witnessing democratization. the level of democracy enjoyed by the average global citizen in 2021 is down to 1989 levels with the democratic gains of the postcold war period eroding rapidly in the last few years banking service chronicle magazine buy.Thursday, December 30, 2021
competition in focus
Competition refresher magazine online
Competition refresher magazine online
Competition refresher magazine online Published this article page no 58 The immigrants who make a very good living in the new country and are able to send money home to relatives in the native country are usually glad they made the transition. Some are able to establish business links with the businesses back home, helping to ease the problems that are faced there. Other immigrants finally retire and return to their native land for their old age, only to find that it, too, has changed. Ultimately we each have to learn to cherish where we are. The old saying, “Where ever I go, I go, too!” still rings true.Immigration, the entrance of people into a country for the purpose of settling there, has always played a central role in Canadas history. In comparison to many other nations, immigration into Canada has generally been viewed as being much easier than in other countries. Canada as whole seems to be a favorable place for immigrants to gain naturalization. Since Canada is a relatively new country, the goal of Canadian officials for some time was to infuse the land with many different cultures and peoples, and its lenient immigration process played a key role in this competition refresher yearbook 2014 buy.
Arihant current affairs magazine
Arihant current affairs magazine
Arihant current affairs magazine Published this article page no 57 The easiest transitions occur when the immigrants can find a community made up of people from their native home. They can keep a lot of their old customs while integrating the new countrys language, values and culture. Experience seems to indicate that to be happy they need to wholeheartedly try to assimilate the new ways and not begrudge the environment being different. While planning to remain permanently in the new country, most find work and strive to own a home of their own. They learn the new language (sometimes laughingly) and educate their children in the new ways, without having the children cut the bonds that tie them to their native roots. To honor both countries with love is the goal!Immigrants have made enormous contributions to the economies and cultures of their new countries, yet these are often made with tremendous difficulty. Newcomers face many challenges in being accepted, and when they arrive from being pushed to the new country, rather than longing for it, the transition is even harder. Sometimes those original dreams just dont come true arihant current affairs magazine subscription buy.