How National Education Policy is going to have a impact on private coaching institute.

In India,there is a pattern of coaching institutes that is run all over the country.Every parent wants their child should get an ample of knowledge and get good scores in his/her exams.In India,coaching institutes are always at peak because parents see that child does not study at home so put him in coaching institute and be tension free that’s the culture in India from many years.At times is that student who is going to coaching institute become prone to studies or is same as before.

Now,as we are moving ahead in the New Normal and with New Education Policy in hand everything is going to change and hopefully it will bring a great impact on the education system in India in these coming years.

The NEP 2020 wants school children to be away from private tuition and coaching classes in the coming years.It says that,regular formative assessment should be done rather than the summative assessment that has encouraged today’s coaching institute.The policy has made clear that it will make CBSE exams less difficult and continuously keep a check of core capacities/competencies.NEP 2020 is such that if any student does practices on daily basis without much effort he/she can compete well in examination and score good marks.

If implemented successfully all the plans that are mentioned in the New Education Policy it will shadow education sector?the answer is not clear yet.In India around 55% students have private tutor outside school as per Global Education Census Report 2018.OH MY GOD!!this is huge numbers means of total population of students from that more than 50% goes to tuition or coaching classes.So what in this should be considered that school teachings are not proper or they are not upto the core of it?The coaching industry in India earns around Rs 24000 crore in revenue a year.

“In school teachers don’t have time to solve all my doubts,so I started going for tuition.My tutor are able to clear all my doubts when i am solving them,the learning is more interactive.”

Rayana Bhattacharya Singh,17 year old.

Private coaching in India:Nearly 20% of students attending pre-primary and above were taking private coaching.21% males and 19% females.At secondary level private coaching was maximum 31% male students and 29% female students.For students pursuing general education,12% as spent on private coaching as against 2% for students pursuing technical/professional education.

Its not just students from well household but students from vulnerable backgrounds too that flock to private tutor.They study in budget private schools and government schools where teachers are not having proper infrastructure and technology for providing proper education.In this case,its a matter of time that we all have to wait and watch how it will create a impact to the society.

Open Letter To Real Heroes.

Dear Doctors, while everyone trying to save themself first, you are out there and saving lives. Aren’t you scared!? I mean you have families too, you have to take public transport as well and you have to interact with people most of are really sick! And that’s why I take a moment to say Thank You…. Thank you for doing such a good hobby identifying cases at early stage. People must be scared! People must be paranoid! Because they haven’t seen such crisis in their entire life! And even you haven’t seen either. And yet you are out there day and night facing the crisis. And that’s what makes you our Heroes..!

Dear Cleaners, Thank you for keeping our hospital extra sanitized. You keep our broads clean, you keep our buses, our trains, our bridges with spit stains. Your work kills 99% germs and yet your work is 99% invisible and that’s what makes you our Heroes..!

        Dear Air India, Thank You for going to Wuhan not only once but twice to bring back 600+ Indians. Thank You because nobody in the crew denied this duty. They took the necessary precautions and brought back our people.
        Dear Airforce, Thank You for bringing back 76 Indians and 36 Foreigners from Wuhan. Thank you for liter saving lives of 38 Indians from Iran and even more countries like Maldieves, Saudi Arabia and Italy. You have proved that you value every single life and that’s what makes you our Heroes..!
       Dear Airports Thank You for starting the thermal screening since January. When everybody busy forwarding jokes thank you for taking it seriously. India is one of the major countries which took our this early measures to more that 2.5 lakh+ people getting screened at the airport every single day. I can’t even imagine how difficult it must be to maintain all those records of all those different people to make sure that they are not sick. And it’s very very difficult job and you are doing it. And that’s what makes you our Heroes..!
        Dear Police, the whole world is facing a crisis but you are out there doing your job and mantaining law and order. You will wear masks and go out there knowing all those risks trying to keep us safe! This applies to all the defence forces as well. And that’s what makes you our Heroes..!
        And lastly Dear Indians, all those who don’t have the liberty to work from home. The people who deliver newspaper, the people who sit in the markets, the people who delivers medicine, bankers, motormen, bus drivers, ambulance drivers. Everyone who literally serve the country. I want to Thank You from the bottom of my heart because of you India is still moving and when we get out of this crisis then it will be because of ONE REASON! It will be because of you.
        There are so many people keeping us safe, please don’t over burden them with your carelessness. We can’t really pay them back for what they are doing now but least we can do is follow the values. Avoid traveling if it is not emergency. That’s a way of acknowledging their efforts and that’s a way of saying Thank You. It’s important to say this right now because we take these people for granted but at the time of crisis we actually understand that we are because they are! These people are our real heroes and because they guys go to work its made huge difference….
                               ThankYou

Management of Currency Printing in India

For a common person, money simply means currency and coins. This is so because in India, the payment system, which includes credit cards and electronic cash, still revolves mainly around currency and coins, especially for retail transactions.

Currency Basics

Coins –

Coins in India are presently being issued in denominations of one rupee, two rupees, five rupees and ten rupees. Coins in the denomination of 1 Paise, 2 Paise, 3 Paise, 5 Paise, 10 Paise, 20 Paise and 25 Paise have been withdrawn from circulation with effect from June 30, 2011 and are, therefore, no more legal tender.

Currency –

Banknotes in India are currently being issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank). The printing of notes in the denominations of Rs 2 and Rs 5 has been discontinued as these denominations have been coinised. Government of India wide their Notification no. 2652 dated November 8, 2016 have withdrawn the Legal Tender status of Rs 500 and Rs 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016. Currency paper is composed of cotton and cotton rag.

The highest denomination note ever printed by the Reserve Bank of India was the ₹ 10000 note in 1938 and again in 1954. These notes were demonetized in 1946 and again in 1978.

What is the role of the Reserve Bank of India in currency management ?

The Reserve Bank derives its role in currency management from the Reserve Bank of India Act, 1934. The Reserve Bank manages currency in India. The Government, on the advice of the Reserve Bank, decides on various denominations of banknotes to be issued. The Reserve Bank also co-ordinates with the Government in the designing of banknotes, including the security features. The Reserve Bank estimates the quantity of banknotes that are likely to be needed denomination-wise and accordingly, places indent with the various printing presses. The aim of the Reserve Bank is to provide good quality notes to members of public. Towards this aim, the banknotes received back from circulation are examined and those fit for circulation are reissued and the others (soiled and mutilated) are destroyed so as to maintain the quality of banknotes in circulation.

Generally, the central bank of a country manages the currency of economy. In India RBI manages it with the advice of Government of India. The Reserve Bank derived its role in currency management on the basis of the Reserve Bank of India Act, 1934. Currency management essentially relates to issue of notes and coins and retrieval of unfit notes from circulation. This work is performed through 18 issue offices of the Reserve Bank and a wide network of 4195 currency chests, 488 repositories and 3562 small coin depots managed by banks and Government treasuries.

RBI has authorized selected branches of banks called Currency chests, to facilitate the distribution of notes and rupee coins. The currency chest branches are expected to distribute notes and rupee coins to other bank branches in their area of operation. Department of Currency Management (DCM) receives notes from four currency note printing presses. Two of the currency note printing presses are owned by the Government of India and two are owned by the Reserve Bank, through its wholly owned subsidiary, the Bharatiya Reserve Bank Note Mudran Ltd. (BRBNML).

The government owned presses are at Nasik and Dewas. The other two presses are at Mysore and Salboni. Coins are minted in four mints owned by the Government of India. The mints are located at Mumbai, Hyderabad, Calcutta and Noida. As per the minimum storage method RBI can issue any amount of currency which is more than at least 200 crore gold and foreign currency. In this at-least 115 crore will be in the form of gold. The Reserve Bank decides the volume and value of banknotes to be printed each year. The quantum of banknotes that needs to be printed, broadly depends on the requirement for meeting the demand for banknotes due to inflation, GDP growth, replacement of soiled banknotes and reserve stock requirements by using statistical models/techniques.

Notes and coins of all the denominations are issued by RBI except for the Rupee one coin because the Government of India derives authority to issue Rupee coins from the Coinage Act. As such the rupee coins issued by Government constitute the liabilities of the Government. The Government of India decides the quantity of coins to be minted on the basis of indents received from the Reserve Bank. RBI can print as much money as they want after considering the above mentioned facts. In fact, countries do resort to printing money, or what is known as Quantitative Easing, a term that became popular just after the recession. But, that measure is only for extreme situations, and is also considered dangerous because printing money causes inflation in an economy, too much printing of money will cause hyperinflation also.

Printing money reduces the value of your currency. Inflation reduces the value of domestic securities making international investors leave the economy. Thus central bank cannot print any amount of money and distribute among poor to make them rich. If the overall supply of goods and services is not commensurate to the money supply increased, price of products will rise by the amount of extra currency printed. If that money is used for financing imports, the domestic currency will depreciate in the foreign exchange market. During slowdown, banks do resort to infusing fresh currency, but such techniques in normal will adversely affect the economy. Since currency in today’s world is not backed by the gold, its effect will be more drastic on the economy. Thus, there is no such thing as a free meal and printing money doesn’t have any effect on increasing real output / real income.

POVERTY ‘s POV :INDIA

WE ARE LIVING IN A DEVOLOPING COUNTRY , INDIA , HAVING ALL THE SHADES OF LOSSES AND GAINS DESCRIBING OUR ECONOMIC STATUS OF THE COUNTRY . WHENEVER WE TALK OF POVERTY , THE FIRST CHARACTER CAME IN TO OUR MIND IS A ‘POOR’. BUT , IS POOR ANOTHER WORD FOR POVERTY ? , ARE THESE WORDS SIMMILAR TO EACH OTHER ? . THE ANSWERE IS A BIG NO ! , THESE TWO TERMS ARE DIFFRENT ALTOGETHER. POOR ARE THOSE WHO HAVE LITTLE OR NO POSSESIONS OR MONEY TAKEN AS A GROUP , WHEREAS , THE POVERTY IS THE QUALITY OR STATE OF BEING POOR OR INDIGENT WANT OR SCARCITY OF MEANS OF SUBSISTENCE INDIGENCE NEED . IN SHORT , POOR IS THE PERSON AND THE POVERTY IS THE STATE OF THAT PERSON .

DO YOU THINK ‘POVERTY’ IS LIMMITED TO THE POOR PEOPLE ? OR IS IT MORE THAN THAT ? . THIS TIME THE ANSWERE IS YES ! , IT IS MORE THAN THAT , IT IS MUCH WIDER TERM THAN WHAT YOU ARE THINKING NOW . THE IDENTIFICATION OF THE POVERTY IS DONE BY SOME ELEMENTS ,MALNUTRITION , HIGH LEVEL OF INFANT , MATERNAL MORTALITY , THE INCIDENCE OF DISEASES LIKE CHOLERA , TYPHOID AND MALARIA .FIRST , LETS TALK ABOUT PUBLIC HEALTH , THE SECTOR WHICH IS NOT GIVEN MUCH IMPORTANCE , BUT , THIS SECTOR IS HIGHLY PROMINENT . THE EVIDENCE OF THIS IS SEEN BY US IN ‘COVID-19’ , HOW OUR HEALTH INFRASTRUCTURE IS AND EARLIER , NO INVESTMENTS WERE MADE IN THIS SECTOR , NOW FUNDS ARE ALLOCATED FOR THE INVESTMENT IN THIS SECTOR AND IT IS BOOSTED WITH HUGE INVESTMENTS . THEN , WHY NOT TO DO EVERYTHING 0N TIME ? WHY DO WE NEED TO WAIT FOR OBSTACLE ?.

IN 1923 , POVERTY WAS ONE OF THE GREATEST BARS TO SANITARY IMPROVEMENT . BAD SANITARY CONDITIONS DUE TO WHICH POVERTY AND SICKNESS REACT UPON EACH OTHER AND TEND TO DIMINISH THE VITAL POWER OF THE PEOPLE AND THEIR CAPACITY FOR IMPROVEMENT. PHYSICAL WEAKNESS OF WORKING UNDER AGE MOTHERS , THE INADEQUATE NOURISHMENT OF INFANTS , INSANITORY AND OVERCROWDED SURROUNDINGS ADDING MORE THIS ELEMENT . THE SOLUTION TO THIS IS TO SPREAD GREATER PUBLIC AWARENESS . THERE IS A NEED TO INCREASE AWARE THE PUBLIC ABOUT POVERTY AND SANITATION . ACTIVE SUPPORT CAN BE GATHERED FROM THE INDUSTRIALISTS AND OTHER LEADING EMPLOYERS . BUT , ABOVE ALL , THE FACT BEHIND THE SUFFERING OF POVERTY BY INDIA IS NOT THE BAD SANITARY CONDITIONS BUT THE WORST ECONOMIC CONDITIONS .

IDEOLOGY IS ALSO A CONTRIBUTIONG FACTOR TO THE POVERTY , AS , IN INDIA , PEOPLE ARE MORE CURVED TOWARDS THEIR CULTURES AND ARE EMOTIONALLY ATTACHED TO IT . DUE TO WHICH THEY END UP LOOSING THE PRACTICALITY , DOING THINGS WHICH IS DIMNISHING CHANCE OF INDIA BECOMING A DEVOLOPED COUNTRY . IT IS ALSO ARGUED THAT POVERTY IN INDIA IS PRETTY MUCH DISTINCT FROM WEST . RELIGIOUS CUSTOMS ARE BECOMING THE BARRIER. IT IS JUST THAT WE NEED TO WOVEN PRAGMATISM IN OURSELVES TO MINIMISE POVERTY IN OUR COUNTRY .

OVER GROWING OF POPULATION IS ANOTHER CONTRIBUTING FACTOR TO THE POVERTY INCREASE , HERE COMES THE CHANGE IN THE MEANING OF THIS WIDER TERM . IT IS DESCRIBED BY THE VULNERABILITY OF INDIA DUE TO NATURAL SHOCKS FOR EXAMPLE FAMINES AND PANDEMICS ETC. IN 1903 INDIA FACED THE PROBLEM OF HEALTH AND NUTRITION , AS WE ARE AWARE HOW THESE TWO TERMS ARE CLOSELY BOUND TO THE ECONOMIC ORGANISATION OF THE SOCIETY . NUTRITION IS SUCH A SIGNIFICANT FACTOR , A FOUNDATION FOR HUMAN DEVOLOPMENT , ONLY AN ADEQUATE NUTRITION CAN DO . ERADICATION OF POVERTY WILL ONLY SOLVE THE PROBLEM OF NUTRITION MAKING EVERYTHING FALL IN ITS PLACE.

OVERPOPULATION HAS ALSO LED TO UNEMPLOYMENT IN THE COUNTRY , THERE IS LOSS OF JOBS IN THE COMPANIES , THIS IS LOSS OF JOBS IS ALSO A KIND OF POVERTY , WHICH , THE STATES IN INDIA ARE FACING SPECIALLY KERELA . IN KERELA , THE LITERACY RATE IS THE HIGHEST AMONG ALL THE STATES BUT THE UNEMPLOYMENT HIGHEST ON THE SCALE HAVE YOU EVER WONDER WHY ? BECAUSE THE LITERACY RATE IS THIS MUCH HIGH THAT THE JOBS AVAIBLE DOESN’T SUIT THE QUALIFICATIONS OF THE PEOPLE , THEIR CAPABILITY IS THIS MUCH HIGHER THAT THEY REFUSE TO DO BECAUSE THE JOB IS NOT RIGHT ACCORDING TO THEIR EDUCATION . HOW IT IS CONNECTED TO THE POVERTY ? THE ANSWERE IS HIDDEN IN THIS SET OF WORDS , THE UNEMPLOYMENT IS THE INPUT AND POVERTY IS THE OUTPUT OF THE UNEMPLOYMENT .

POVERTY CAN ONLY BE ERADICATED BY FOCUSING MAINLY ON THE SOCIO – ECONOMIC ASPECTS OF THE COUNTRY.

New Banking entity will create jobs in India

On April 1, 2014, the Election Commission (EC) gave approval to the Reserve Bank of India (RBI) to proceed with licensing a third set of private banks. The last time that RBI licensed new banks was between 2003 and 2004 when it decided to let Kotak Mahindra Bank and Yes Bank into the market. It is hoped that the current licensing will help India’s central bank to expand the reach of the Rs 84 trillion banking industry. Last week, the RBI granted bank licenses to Bandhan Financial Services and Infrastructure Development Finance Company (IDFC). There are over 20 companies in the race for new banking licenses and it is said that 1,500 to 5,000 jobs are likely to be created in the next two years for each new banking license awarded by the RBI.

Some of the areas where extensive hiring is likely to take place are retail banking, credit, technology, operations, branch banking, risk and treasury. And since India is focusing on financial inclusion, jobs are expected to open up in smaller centers. There will be a huge demand for people who have worked in tier 2 and 3 cities and rural areas as they will be able to understand the issues pertinent to financial inclusion. Currently, less than 30 percent of the Indian population has access to bank accounts. So, there is a lot to be done in the banking and financial sectors in India. The rural markets are untapped and by expanding and venturing into these markets, the banking and financial sectors will be able to witness growth and profitability.

At IDFC alone, there have been key appointments, including that of the group head of new initiatives and the COO – Ajay Mahajan, former banker and financial services entrepreneur has been appointed the group head of new initiatives and Avtar Monga, veteran banker, has been named the COO. These new licenses will give rise to a number of backend jobs too, including those in processing and outsourcing. Every time a new entity is formed, jobs will be created not only in the entity but in other organizations linked to this entity. And this is exactly what is happening with the licensing of new banks.

It is hoped that with the establishment of new banking entities, the unemployment rate in India will reduce. Reports claim that in the next two years, a number of people working in banks will be retiring and this will increase the demand for employees at various levels. India will witness a sharp increase in employment in the coming years and the growth and profitability of the banking and financial sectors are imminent. In any developing country, there is a huge scope for the growth of various industries. And this is what the RBI is planning to achieve by providing licenses to new banks. With an influx of new banks comes competition and this leads to greater productivity. So, by providing licenses to new banks, India will not only see a rise in the employment rate but it will also see a stark increase in the service quality.

Anywhere between 1,500 and 5,000 jobs are likely to be created over 1-2 years for each new banking licence awarded by the Reserve Bank of India (RBI), estimates by leading head hunters, including Korn/Ferry International, Egon Zehnder, Heidrick & Struggles, EMA Partners, Russell Reynolds Associates and Randstad India, suggest. The RBI granted bank licences to micro lender Bandhan Financial Services and Infrastructure Development Finance Company (IDFC).

Based on a set of 1,938 companies spread across all sectors, the study said the value of sales in FY19 was Rs 69 lakh crore thus covering the entire corporate sector. It includes all listed public sector entities but the SME segment may find less representation in this sample.

As per the study, the aggregate headcount or employment increased at a CAGR of 3.3% over a four-year period from 2014-15 to 2018-19 compared with a CAGR of 7.5% in gross domestic product (GDP) during this period. In terms of growth in employment on an annual basis, it was 2.5% in 2015-16 and 4.1% in 2016-17. “Therefore, there is a case that supports the argument that employment growth has not been commensurate with GDP growth with a difference of 4.2% in CAGR during this period,” the study showed.

It showed that around half the companies had witnessed a decline in growth in employment over this time period while 35% of them had witnessed growth of 11.5% on the aggregate each with an above average CAGR of 3.3%.

Core worries

The ratings agency highlighted that core industries have witnessed “virtually negative growth in headcount”, with crude oil just about maintaining the employment level. These industries have been impacted by the slowdown in GDP growth as well as the challenges on the NPA side for banks.

A similar picture is witnessed for the heavy investment industries where growth has tended to be negative for power and capital goods and just 0.4% for infra. Among manufacturing industries, healthcare and automobiles registered a healthy growth of 4.8% in employment whereas the financial sector’s performance was the impressive with banks, NBFCs and insurance witnessing impressive growth

In the non-financial sector segment, the IT and retail industries registered near or above average growth while telecom, hospitality and realty witnessed negative growth. The telecom industry has been through upheavals which have led to several mergers that have impacted headcount. In case of realty, the decline in growth in business impacted job prospects, it said.

“The CAGR in employment and growth in physical production for industries in the manufacturing sector are not well related,” CARE Ratings concluded, adding that growth in employment has trailed growth in GDP indicating that the two have not moved in commensurate terms, and that service sector has performed better than manufacturing with financial sector industries doing better in terms of higher recruitment.

iPhone 11, samsung phones, one plus and more: discounts on Amazon freedom sale

Vaishali Singh

Amazon India has announced that it will be hosting a new, “Freedom Sale”. This sale is already underway and will go on till 11:59 pm on August 11, 2020. Under the sale, Amazon is offering deals across smartphones, consumer electronics, fashion, beauty, large appliances, and TVs.

During the sale period, customers will be extended a number of aggressive offers, including a bank offer under which they will get 10 per cent instant discount up to Rs 1,500 while making purchases using SBI Credit cards on a minimum purchase of Rs 5,000. There will also be other offers, including no-cost EMIs on Credit cards, Debit cards, Bajaj Finserv, and Amazon Pay Later.

Amazon has announced that mobiles from some of the top brands will be available with up to 40 per cent discount. There will also be exchange offers up to Rs 13,500 and no-cost EMI starting Rs 1,665 per month.

The most interesting of these offers will be on recently launched devices like the Samsung Galaxy M31s, OnePlus Nord, and the Redmi Note 9. Apart from this, there will discounts on other phones too, with up to INR 4,000 off on OnePlus smartphone s and up to Rs 5,000 off on Xiaomi devices. For example, the OnePlus 7T will be available at a discounted price of Rs 35,999 during the sale. The OnePlus 7T Pro on the other hand is available at Rs. 43,999. The Xiaomi Redmi K20 Pro is also benefitting from the sale with the phone selling for a discounted price of Rs 22,999.

Amazon has also revealed that flagship Samsung smartphones will get up to Rs 25,000 off, while there will also be additional exchange offers up to Rs 4,000. During the sale, the iPhone 11, and iPhone 8 Plus will also be available at discounted prices.

Accessories including headphones will be at up to 70 per cent off, while cameras will be available at a starting price of Rs 2,416 per month. Amazon is also promising up to 30% off on laptops during the sale. For those looking to buy a new smart TV during the sale, Amazon is offering up to 60% off on Smart TVs.

Non Personal data faces pushback from US giants

Vaishali Singh

Government’s plan to regulate “non-personal” data has jolted US tech giants Amazon, Facebook, and Google, and a group representing them is preparing to push back against the proposals, according to sources and a letter seen by Reuters. A government-appointed panel in July recommended setting up a regulator for information that is anonymised or devoid of personal details but critical for companies to build their businesses.

The panel proposed a mechanism for firms to share data with other entities – even competitors – saying this would spur the digital ecosystem. The report, if adopted by the government, will form the basis of a new law to regulate such data.

But the US-India Business Council (USIBC), part of the US Chamber of Commerce, calls imposed data sharing “anathema” to promoting competition and says this undermines investments made by companies to process and collect such information, according to a draft letter for the government.

“USIBC and the US Chamber of Commerce are categorically opposed to mandates that require the sharing of proprietary data,” says the USIBC’s previously unreported letter, which is likely to be completed and submitted in coming weeks to India’s information-technology ministry.

“It will also be tantamount to confiscation of investors’ assets and undermine intellectual property protections.”

A USIBC spokeswoman had no comment on the draft letter. The US Chamber of Commerce didn’t respond to Reuters queries.

The head of the panel, Kris Gopalakrishnan, a founder of technology giant Infosys, said the group will work with the government to review input from the industry.

Ministry of Electronics and Information Technology, Amazon, Facebook, and Alphabet’s Google did not respond to requests for comment. The report is open for public comments until September 13.

Industry welcomes Defence Ministry’s move to stop import of 101 defence items in phased manner

Indian industry has welcomed the defence ministry’s move to stop import of 101 defence items in a phased manner. Defence Minister Rajnath Singh yesterday announced to put 101 items on import embargo to boost indigenisation of defence production.

Confederation of Indian Industry (CII) director general Chandrajit Bannerjee welcomed the curbs and the announcement that 52,000 crore rupees will be earmarked for procurement from domestic manufacturers. He said, defence minister’s announcement for negative import list of defence systems and platforms marks the launch of a ‘new glide path’ for AtmaNirbhar Bharat.

FICCI has described it a great leap forward for Atmanirbhar Bharat program in defence production. FICCI’s defence committee head SP Shukla said earmarking of 52,000 crore rupees for domestic capital procurement fulfils a request by the industry chamber to provide long-term visibility on defence procurement plans. Chairman and managing director of Bharat Forge Baba Kalyani said the announcement is a strategic step that will propel the Atmanirbhar Bharat narrative and bolster Indian defence equipment manufacturing industry.

He said the growth of the domestic industry especially the MSME sector, will lead to self-reliance, reduced expenditure on imports, saving of foreign currency, creating job opportunities, revival of consumption and ultimately getting us closer to the common goal of 5 trillion economy.

PM launches Rs 1 lakh cr agriculture infrastructure fund; Also releases 6th installment of PM-Kisan scheme

Prime Minister Narendra Modi has launched one lakh crore rupees agriculture infrastructure fund to give a leg up to post-harvest management and marketing of agricultural produce. Speaking on the occasion, Mr Modi said the scheme will provide better warehousing and cold storage facilities for farmers. He said new jobs will be created as food processing and post-harvest facilities are set up in rural areas.

Prime Minister said, the scheme will enable startups to scale up their operations and India to build a global presence in organic and fortified food. The fund was launched with 1,128 crore rupees of new loans disbursed to more than 2,200 cooperative societies. During the event, the Prime Minister also transferred 17,100 crore rupees to more than 8.5 crore farmers under the PM-Kisan direct income assistance scheme.

Under the infrastructure scheme banks and financial institutions will provide one lakh crore in loans to cooperative societies, farmer producer companies, self-help groups, entrepreneurs, startups and infrastructure providers. The objective is to provide medium to long-term debt financing for setting up of post-harvest infrastructure and community assets for marketing of farm produce.

PM Modi to inaugurate submarine Optical Fibre Cable connecting Chennai, Port Blair today

Prime Minister Narendra Modi will today inaugurate and dedicate to the nation submarine Optical Fibre Cable (OFC) connecting Chennai and Port Blair through video conferencing. The foundation stone for the project was laid by Mr Modi on 30th December 2018 at Port Blair. The submarine cable will also connect Port Blair to Swaraj Dweep, Little Andaman, Car Nicobar, Kamorta, Great Nicobar, Long Island, and Rangat. This connectivity will enable delivery of faster and more reliable mobile and landline telecom services to Andaman and Nicobar Islands.

Enhanced telecom and Broadband connectivity will boost tourism and employment generation in the Islands and also give an impetus to the economy and raise standards of living. Better connectivity will facilitate delivery of e-Governance services like telemedicine and tele-education. Small enterprises will benefit from opportunities in e-commerce, educational institutions will utilize enhanced availability of bandwidth for learning and knowledge sharing.

Once inaugurated, the submarine Optical Fibre Cable link will deliver bandwidth of 2×200 Gigabits per second, Gbps between Chennai and Port Blair, and 2×100 Gbps between Port Blair and the other islands. Provision of reliable, robust, and high-speed telecom and Broadband facilities in these Islands will be a landmark achievement from the viewpoint of consumers, as well as for strategic and governance reasons. 4G mobile services, which were constrained due to limited backhaul bandwidth provided via satellite will also see a major improvement. Business Process Outsourcing services and other medium and large enterprises will also reap the benefits of better connectivity.

The project is funded by the Government of India through the Universal Service Obligation Fund (USOF) under the Department of Telecommunications in Ministry of Communications. Bharat Sanchar Nigam Limited (BSNL) executed this project while Telecommunications Consultants India Limited (TCIL) is the Technical Consultants. About 2,300 Kilometers of Submarine Optical Fibre Cable has been laid at a cost of about 1 thousand 2 hundred 24 Crore rupees and the project has been completed in time.

Tamil Nadu Class 10th board SSLC result declared

Vaishali Singh

TN Board SSLC 10th Result 2020, Tamil Nadu Board SSLC Class 10th Result 2020 at tnresults.nic.in, dge1.tn.nic.in, dge.tn.gov.in, dge2.tn.nic.in Live Updates: Around 9.7 lakh candidates who had appeared for the SSLC, class 10 exams will get their result through the website tnresults.nic.in

More than nine lakh students were waiting for the results which was declared today. The result was declared today at 09:30 am on the TNDGE official website.

The Tamil Nadu Directorate of Government Examination (TNDGE) released the result for the Secondary School leaving certificate examination (SSLC) or class 10 examination on Monday, August 10. Around 9.7 lakh candidates who had appeared for the SSLC, class 10 exams will get their result through the website tnresults.nic.in

The state government cancelled the board exams due to Coviid-19 and is awarding marks based on half-yearly and quarterly exam marks of students.

“The results of Class X would be declared at 9.30am on August 10. Candidates can check their results by registering their date of birth and roll number,” C Usharani, director of government exams, said in a release.

If students have any grievances over their marks, they can submit the form through their schools from August 17 to 25. The forms will be received on the DGE’s website www.dge.tn.gov.in and processed

“The results would be conveyed through school headmasters,” the release added. The candidates also can get provisional mark sheets from August 17 to 25.

In order to clear the examination, candidate needs to score a minimum of 35 marks out of 100 in each subject while for science candidate needs to clear the theory and practical examination separately such as they need to score 20 out of 75 marks in theory paper and 15 out of 25 marks in practical paper to be declared a pass.

Final year written exams to be cancelled, Delhi state Government

Vaishali Singh

In response to a petition challenging UGC guidelines mandating the conduct of final year exams by universities before September 30, Government of Delhi has informed the Supreme Court that Delhi State Universities exams have been cancelled.

In a latest decision, Deputy Chief Minister of Delhi has directed “all Delhi State Universities to cancel all written online and offline semester examinations including final year exams.“

The Supreme Court had directed. all parties to file their affidavits by August 7, and for rejoinders to be filed a day after that.

Delhi government in its affidavit states that on July 11, a decision was taken by the Deputy Chief Minister/Higher and Technical Education Minister of the National Capital Territory of Delhi that all online-offline exams of universities under the state including final year exams would be cancelled in the wake of rising COVID-19 cases.

However, the affidavit notes that some vice-chancellors of certain universities were in favour of wrapping up at least the final semester exams.

However, after perusing all details including the latest UGC directive to complete final year exams by September 2020, Delhi government decided to stick to its July 11 decision and continue with not holding the exams.

Delhi Government has further stated that “in Delhi’s State universities, best efforts were made to conduct online classes, but the reality of our digital divide is that online classes are not accessible equally by all”.

“During this extremely tough period, regular physical classes got completely interrupted. The students had no access to study material and the college libraries were closed, although getting access through online mode in such peculiar circumstances, the students did not get the kind of preparation needed to attempt a full-fledged examination,” reads the plea.

As per present status, GGSIP University has around 27,000 final year students and are now devising mechanism for assessment to award marks to final year students and this is also the case for Delhi Pharmaceutical Science and Research University (DPSRU).

The other six universities have completed the final year Examination by online mode.

A total of 31 students from different universities across India had approached the Supreme Court to quash the latest University Grants Commission (UGC) circular directing universities to wrap up final year examinations by September 30.

Before Delhi Government, Maharashtra Government on August 7 informed the Supreme Court that the State Disaster Management Authority on July 13 had resolved to not conduct examinations in the state amid the COVID-19 pandemic.

The decision was taken after a majority of University Vice-Chancellors from across the state voted against conducting exams in view of the rising number of COVID-19 cases.

Corona Virus in India: in 2 days India records spike of over 2 lakh cases

Vaishali Singh

Coronavirus Cases in India LIVE: Coroavirus cases in India have continued to see a spike in the past few days, breaching a new mark every other day. On Sunday, India registered its single-day and record spike of 64,399 coronavirus cases, taking the country’s Covid tally past 21 lakh-mark. India had crossed the 20 lakh-mark on Friday. In just two days, India recorded a spike of over 1 lakh cases. Experts have believed that India’s coronavirus peak is yet to come. As per World Health Organization data, India has been recorded more coronavirus cingle-day cases than the United States or Brazil for past four days. As India readies to prepare to fight coronavirus, stay with us to catch LIVE updates.

One hundred and nine days after the first person tested positive for Covid-19 in India, the country’s case count crossed the 1-lakh mark on Monday, with the number of infections having doubled in just a little over 12 days.

Both the spread of the virus and the spurt in cases in recent days will be a cause for concern for the authorities. On Monday, 4,713 fresh infections were reported from across the country, the third highest in a single day so far, led again by Maharashtra, which reported more than 2,000 cases (2,033 to be exact) for the second day running. As many as 24 states/UTs reported new cases during the day.

On the positive side, the number of people recovering from the infection is steadily rising. It was 38,908 on Monday, with the recovery rate at 38.8%. With 3,103 fatalities from the virus so far, India’s death rate too is relatively low at 3.1%.

However, as the country entered phase 4 of lockdown, the number of daily cases was still rising, indicating that the infection was yet to peak. On Monday, apart from Maharashtra, the number of new cases remained high in Tamil Nadu (536), Gujarat (366), Delhi (299, a slight drop from previous days), Madhya Pradesh (254), Uttar Pradesh (177) and Bihar (103).

Rajasthan and Karnataka registered their highest single-day rise in infections, with 305 and 99 cases, respectively. West Bengal (148), and J&K (106) were also close to their highest numbers.

At 131 deaths from the virus on Monday, the toll remained above 100 for the fourth straight day. Maharashtra recorded the highest 51 deaths, including 23 from Mumbai, while Gujarat reported 35 fatalities, a majority (31) from Ahmedabad alone. The toll was 12 in Delhi, where the death rate is now slowly rising after staying low for a long time.

Among Indian cities, Mumbai has recorded the highest number of Covid-related deaths at 757 while Ahmedabad district comes second with 524. When it comes to death rates, Gujarat’s financial capital has double the rate than the Maximum City. Compared to Mumbai’s rate of 3.64%, Ahmedabad recorded 6.22%. In the month of May, the rate reduced in Mumbai but increased to 6.95% in Ahmedabad.

NEW DELHI: One hundred and nine days after the first person tested positive for Covid- 19.

in India, the country’s case count crossed the 1-lakh mark on Monday, with the number of infections having doubled in just a little over 12 days.

Rajasthan and Karnataka registered their highest single-day rise in infections, with 305 and 99 cases, respectively. West Bengal (148), and J&K (106) were also close to their highest numbers.

In terms of cases, Maharashtra reported 2,033, the second-highest count in a day. The state’s tally reached 35,086, with Mumbai reporting over 1,000 cases for the second day in a row (1,185) to breach the 21,000 mark. The city now has 21,335 cases.

Meanwhile, five doctors and 55 police personnel where among the 106 who tested positive for the virus in J&K. Four of these doctors had treated a Covid positive woman who died of co-morbidities on Sunday.

Tamil Nadu reported three deaths and 536 fresh Covid-19 cases on Monday, with people returning from Maharashtra being the only ones testing positive in many districts. The testing strategy continued to be a subject of debate with the ICMR releasing new guidelines and the state set to finalise its own by Tuesday. The state has been criticised for reducing the number of tests over the last one week by epidemiologists, doctors and political leaders.

In Uttar Pradesh, as many as 177 new cases, including 31 in Gautam Budh Nagar, took the state’s Covid tally to 4,649. The state also recorded six deaths, including two migrant workers. UP’s corona toll is now 118.

Rate this:

Rate this:

Currency Basics

What is the role of the Reserve Bank of India in currency management ?

Rate this:

POVERTY CAN ONLY BE ERADICATED BY FOCUSING MAINLY ON THE SOCIO – ECONOMIC ASPECTS OF THE COUNTRY.

Rate this:

Rate this:

Rate this:

Rate this:

Rate this:

Rate this:

Rate this:

Rate this:

Rate this:

Rate this:

Rate this:

Rate this: