Emirates Cricket Board said- If the approval from the government, the league will be in the presence of 50% of the audience

The IPL is going to be held in UAE from 19 September this year. Earlier, there were reports that the competition would be held in an empty stadium. But Emirates Cricket Board (ECB) has said that if they get the approval from the government, then IPL matches will take place in the presence of 30-50% viewers.

ECB Secretary Mubashir Usmani told the news agency over phone that once we get the official information about the approval of the Government of India from the BCCI, then we take the proposal and the BCCI’s standard operating procedure (SOP) prepared with the help of the BCCI. Will go Here, the IPL Governing Council will meet on Sunday. The logistics related arrangements and SOP will be finalized in this.

We will make our people experience IPL: ECB,He said that we would definitely like the people of the UAE to experience the world’s largest cricket league, but it would be entirely the government’s decision. In most tournaments here, the number of spectators varies from 30 to 50 per cent, we are hoping to bring this same number of spectators in IPL as well.

‘6 thousand active corona patients in UAE’,Usmani further said that for this we have full expectation from our government. There are currently more than 6 thousand active corona patients in the UAE and the epidemic has been controlled to a great extent here. However, the 2020 Dubai Rugby Sevens tournament, to be held in November, had to be canceled for the first time since 1970 due to Corona.

UAE government overcomes Corona to a great extent,He said about the concern about the safety of the IPL that the UAE government has been successful to a large extent in reducing the number of infected. Here people are leading a normal life by following certain rules and protocols. Usmani said that there is still some time in the IPL, I am sure the situation will get better by then.
There is no problem in training IPL teams here: ECB,The ECB Secretary said that we are fully prepared to host the IPL.

Only the approval of the Government of India is awaited. We have plug and play facility. We have already told the officials of Dubai, Abu Dhabi and Sharjah Stadium and they have started their preparations. Therefore, the teams will not have any problem in training.
IPL will help UAE’s economy,When Usmani was asked how difficult it would be to manage the training of 8 teams. To this he said that we have private infrastructure. We are able to do such events easily. We have done such events earlier also. Last year itself, we made the table of 14 teams T-20 World Cup qualifiers.

In 2014 also we have held the IPL opening matches in UAE. Our economy also benefited from this. This time the whole league is happening here, so our economy will get a boost from it.
Here, the Sports Ministry has approved the proposal of Board of Control for Cricket in India (BCCI) to get the IPL to UAE. However, BCCI is still waiting for approval from the Ministry of Home Affairs and External Affairs to make an official announcement.

100 to 78 patients complained of heart damage and heart inflammation during infection, 80% started having heart problems after recovering from corona one day before
According to the researchers, oxygen is inhibited in the body due to infection, due to which the heart has to work harder to get blood to many organs. In the event of an infection, this pressure on the heart increases further, so the heart tissue starts to weaken and problems increase.

Even after recovering from corona, the effect of virus infection can be seen in the body for a long time. This is what the American Medical Association Journal’s research suggests. According to research, heart problems have been seen in 80 percent of people recovering from corona. The research took place between April and June. This included Corona patients who were healthy before the infection and were between 40 and 50 years of age.

Research done on 100 patients
According to the researchers, 100 people suffering from corona were researched. Of these, 67 patients were asymptomatic or showed very mild symptoms. Another 23 patients were admitted to the hospital. MRI, blood test and heart tissue biopsy were done to find out what effect corona has on the heart of patients.

78% of patients have heart swelling
According to researcher Claude W. Yancy, research has revealed that 78 out of 100 patients have heart damage and heart swelling. After getting the corona out of this, many things are yet to be revealed that how much it will affect the body parts in future. The more infections increase, the greater the risk of bad side-effects in the future.
The same pattern was seen in the study conducted in Britain.

Another similar study in Britain revealed that 1216 patients with corona showed heart-related disorders after infection. In 15% of patients, heart-related complications occurred which were very serious and were life-threatening.

Why is this happening
Scientists are trying to find out why the corona side effects are seen on patients for a long time. They say that the corona directly affects the lungs of patients. Due to which the level of oxygen in the body is affected. In this situation, a lot of hard work has to be done to get the blood to other organs. Heart tissue starts to become weak when there is constant pressure and cases related to heart diseases arise.

Sushant started making distance with family after Riya’s arrival, refused to meet elder sister waiting outside the house

Nearly a month and a half after Sushant Singh Rajput’s death, his ex-girlfriend Ankita Lokhande made several revelations in an interview. Ankita said in an interview to Republic TV that she was not in touch with Sushant after the breakup in 2016 but was engaged to his sisters and father.
Ankita said that she did not even have Sushant’s phone number and she was not in his touch for the last four years. Ankita said, we knew that we could no longer talk that way. Whatever was to be done is done. He was happy in his life and I was mine.

Sushant was away from family, Ankita also spoke in this interview on the distance between Sushant and his family. Ankita said, ‘Sushant’s elder sister Rani went to his house in November 2019 to meet Sushant. She was waiting outside the house, Sushant was ready to meet her but then suddenly something happened and she refused to meet.
Rani Didi told me that she felt that there was some pressure on Sushant.

Sushant never used to go against Rani Didi before this. After the death of the mother, no one can stop Didi’s talk. I was shocked to hear this because we never saw Sushant going against Rani Didi while we were together.

Sushant changed after Riya’s life,Saddened by Sushant’s behavior, Rani Didi told me, ‘I am losing my brother. Then I told them, trust God, everything will be alright. Rani Didi was worried that there was someone who was influencing Sushant, because Sushant was not a person who would come under pressure or listen to anyone. Ankita said that when Riya came into Sushant’s life a year ago, this was the time when Sushant kept distance from his family.

Sushant was living in a live-in with Riya for almost a year. On 8 June, Riya left her home after quarreling with Sushant. Sushant’s sister Mitu stated this in his statement to Bihar Police. She had also told that while leaving home, Riya had also told Sushant that she would never return. After this, Sushant had committed suicide on 14 June.

Tom Cruise Celebrates Universal Picture for a Budget of 1500 Crore, Mega Deal on Zoom Call

Hollywood star Tom Cruise has convinced Universal Picture for a mega project. The special thing is that the script of the film is not even in the hands of Tom Cruise, but for this film to be shot in space, Cruise has prepared a universal picture to spend $ 200 million i.e. about 1500 crores. Universal Picture has signed this mega budget deal zoom call with Tom Cruise.

According to reports, apart from Tom Cruise, writer-director Doug Lehman, collaborator Christopher McQuire and producer PJ van Sandvik were present on the zoom call. Elon Musk will also be involved in this project through his Space X firm. McQuire, director of Mission Impossible 5, 6 and 7, will play the story adviser and producer. At the same time, Lehman is working on writing the script of this film. Lehman has worked with Cruise in successful films such as Edge of Tomorrow and American Made.

Shooting for Mission Impossible begins
Cruise recently resumed shooting for Mission Impossible 7, which was halted due to Corona. It is being told that the crew of the film are planning to blast an actual bridge in Poland for an action scene. This bridge was built in 1909 in the village of Pilshovish, Poland. It has not been in use since 2016. Therefore, it will be used for shooting.

India and Israel are working together to develop a special type of rapid testing kit. If the experiment is successful, the test report of the corona will be available only within 30 seconds. Trial has started at Dr. Ram Manohar Lohia (RML) Hospital in Delhi 3 days ago. The results are expected in the next 2 weeks.Israel’s Directorate of Defense Research and Development (DRDD), India’s Defense Research and Development Organization (DRDO) are working together in this trial under the Ministry of External Affairs of India and Israel. It also includes the Council of Science and Industrial Research (CSIR).

The team of scientists arrived here 3 days ago on a special flight from Israel.
India helped Israel in every possible way
Israeli Ambassador Ron Malka said that the Prime Ministers of the two countries spoke during Corona. The two agreed to work together to find a solution to Corona. He said that if the research is successful, it will get results in a few seconds. Malka said that India helped Israel in every possible way during Corona. India also supplied the necessary raw materials for medicine and medicines to Israel. It is a sign of good friend.PMO’s Principal Scientific Advisor K.K. Vijay Raghavan said that India and Israel are partners in every field. The trust and relations that have been built between the two countries over the years will help in furthering this research.

I hope that we will be successful in this trial and it will be beneficial for our country and people.
Trial on 4 types of tests,4 different types of easy and non-invasive technology are being used in the trial. In this, a change in the voice of the patient is seen with the help of voice test, ie Artificial Intelligence. Breath analyzer, that is, the patient is asked to blow in a tube, to know the capacity of its langs. Also the test is done with Terra Wave. This shows the presence of virus.Isothermal testing is done to identify the virus in the patient’s saliva. Polyamino acids are used. This leads to the separation of Kovid-19 related proteins.

Indian society suffers from substantial inequalities in education, employment, and income based on caste and ethnicity. Compensatory or positive discrimination policies reserve 15% of the seats in institutions of higher education and state and central government jobs for people of the lowest caste, the Scheduled Caste; 7.5% of the seats are reserved for the Scheduled Tribe. These programs have been strengthened by improved enforcement and increased funding in the 1990s.

The Convention on the Rights of the child has important implications for the education of children. In the Convention are numerous articles that deal with education and with children’s rights education. First is the child’s right to education on the basis equal opportunity (article 28). This includes the right to free primary education and to accessible secondary and higher education. Second are the child’s rights in education (articles 2, 12, 13, 14, 15, and 19). This includes the right to non-discrimination, participation, protection from abuse and violence, and freedom of thought, expression, and religion. Third are the child’s rights through education (article 29 and 42). This refers to education where children are able to know and understand their rights and to develop respect for human rights, including their own human rights.

Discrimination on any grounds- religion, race, caste, sex, place of birth or any other is prohibited under Art 15 of the Constitution. This constitutes an important move away from the graded inequalities and discrimination based on the caste system. Discrimination is widespread on various counts – caste, ethnicity, religion, gender, age, class, disability, region, language, family occupation, or a combination of these. These have found their way into every aspect of social life, including the education system. Dalit’s face the worst forms of discrimination and violence, given the religious basis of the caste system, concepts of purity, pollution and untouchability.

Article 21A Indian Constitution mandates the state to provide free and compulsory education to all children aged 6-14 years has the right to free and compulsory elementary education with adequate infrastructure facilities, free textbooks, writing materials and uniforms; the government should ensure that children from disadvantaged social groups are not discriminated against and prevented from pursuing and completing elementary education; The Constitution categorically abolished “untouchability” and its practice in any form declaring it ‘offence punishable under law’. In the context of education, Article 30 (2) prohibits the state from discriminating in granting aid to educational institutions on the ground of its management under a minority. Article 46 of Indian Constitution recognises the state should promote with special care the educational interests of scheduled castes.

Caste based discrimination in the education system can be seen at two levels – institutional and relational. Institutional discrimination includes the many ways in which the education system denies equitable education opportunities, education services and supportive mechanisms to facilitate Dalit students to access an equal quality of education and to reduce educational inequalities between Dalit’s and non-Dalit’s. It may include both active and passive forms of discrimination, default and intentional. The relational forms of caste based discrimination against students in the schools and higher education institutions take various forms too. At the school level, discrimination has been reported and studied- caste based verbal abuse and name calling, in midday meals, teaching and learning practices, in the use of drinking water, in assigning cleaning tasks in schools, not paying attention to Dalit students and de-motivating them, preventing their participation in schools, heightened corporal punishments, and so on. Discrimination and violence against Dalit schools have been reported by students across the country, including sexual violence against Dalit girl students. The current and long-term negative impact of this discrimination on Dalit students in terms of their learning, educational achievements as well as future opportunities are yet to be fully grasped.

Adivasis, in addition to suffering from the same low expectations, face a different set of issues. Demographically, tribal habitations are small and sparsely populated and hence lack many infrastructural facilities, including schools and roads. Even when schools are within walking distance for pupils, it is not unusual for the roads to become impassable during the monsoon and for the teachers, who often live in larger towns, to surreptitiously close the school. These factors are particularly constraining for tribal children who live in isolated communities. Language poses another major challenge for tribal education. Trial’s normally speak local dialects rather than the main language of the state in which they reside, and tribal students feel further alienated when the teachers are not well trained to communicate in their tribal dialects (Sujatha 2002). Muslim students suffer from similar disadvantages. Many Muslims would like to see education take place in Urdu, their mother tongue, but few schools accommodate this. Children often face harassment and ridicule, and rising religious tensions lead to children’s alienation from school. Since Muslim families are disproportionately urban, access to schools is less likely to be a problem, but discrimination by teachers and a hostile school environment may pose a major impediment.

Human rights activists are concerned that the discrimination is preventing the realisation of India’s Right to Education (RTE) that aims to provide quality education to all children between the ages of 6 to 14 till elementary school (till eighth grade). Since RTE came into force in 2010, nearly all children are in school. Government data shows that the total enrolment of children in primary school increased by 14.6 million in the past five years, which includes 56 per cent girls, as well as 55 per cent backward castes and 41 per cent Muslims. Meenakshi Ganguly, head of Human Rights Watch in India, said that it was the responsibility of the government to ensure that all the enrolled children feel safe and welcome in school, which allows them to complete their education. “We are a proudly diverse country, we celebrate that diversity, let’s do that with honour, equity and not with discrimination,” she said, making an appeal for zero discrimination at the launch of the report. But would the appeal cut into the thick cloak of prejudice? Experts believe that few efforts have been made to sensitise teachers, or detecting and preventing discrimination. Vimala Ramachandran, an education pioneer for over two decades, said that at present no mechanism exists to monitor teachers and penalise them for discrimination.

Unaddressed discrimination

Annie Namala, executive director at the Centre for Social Equity and Inclusion, pointed that government bodies and civil society groups had done studies to address discrimination, but these recommendations were not being implemented. “None of these are really getting to the light of the day, nor it translating into any point down the files and papers,” she said. Increasingly, parents with even some money are opting to send their children to any cheap private school in the vicinity. And so, government schools are filled with the most marginalised children, while their teachers belong to upper castes. Ambarish Rai, national convener at the Right to Education Forum, says that these teachers don’t understand why children of cobblers and washer men should be taught. Their thinking, he said, is “what will they do with studying”. Besides child labour, girl dropouts are especially vulnerable to early marriages. Government data shows that the dropout rate among girls is more than 41 per cent till the eighth grade and over 57 per cent till the tenth grade. Girls from lower castes are made to clean toilets, while girls from the higher castes make tea for the teacher. In Rajasthan, she pointed out that government schools for girls don’t offer science and math beyond the eighth grade.

Access to childcare

To succeed in bringing and retaining marginalised children in schools, the government will have to ensure zero discrimination in classrooms. Girls and children with disabilities will need even more attention. For this, any future teacher training should go beyond improving learning outcomes to focus on inclusive learning practices that are effective, ensure greater participation of children from marginalised communities and healthy interaction among children from different backgrounds. Civil society groups can be important government allies in this venture.

It is also time to expand the Right to Education so that all children are entitled to 12 years of free and accessible education by 2030. Equally, there needs to be universal access to early childhood care and education to guarantee children’s long-term development, health and well-being. These goals are part of the proposed global agenda and India too sees them as priorities. The government should set an example at the World Education Forum by announcing special commitments toward implementing these goals.

Sexual Harassment at Work Place’ As enshrined in the Preamble to the Constitution of India, “equality of status and opportunity” must be secured for all its citizens; equality of every person under the law is guaranteed by Article 14 of the Constitution. A safe workplace is therefore a woman’s legal right. Indeed, the Constitutional doctrine of equality and personal liberty is contained in Articles 14, 15 and 21 of the Indian Constitution. Sexual harassment constitutes a gross violation of women’s right to equality and dignity. It has its roots in patriarchy and its attendant perception that men are superior to women and that some forms of violence against women are acceptable. One of these is workplace sexual harassment, which views various forms of such harassment, as harmless and trivial.

Often, it is excused as ‘natural’ male behaviour or ‘harmless flirtation’ which women enjoy. Contrary to these perceptions, it causes serious harm and is also a strong manifestation of sex discrimination at the workplace. Not only is it an infringement of the fundamental rights of a woman, under Article 19 (1) (g) of the Constitution of India “to practice any profession or to carry out any occupation, trade or business”; it erodes equality and puts the dignity and the physical and psychological well-being of workers at risk. This leads to poor productivity and a negative impact on lives and livelihoods. To further compound the matter, deep-rooted socio-cultural behavioural patterns, which create a gender hierarchy, tend to place responsibility on the victim, thereby increasing inequality in the workplace and in the society at large. Though sexual harassment at the workplace has assumed serious proportions, women do not report the matter to the concerned authorities in most cases due to fear of reprisal from the harasser, losing one’s livelihood, being stigmatized, or losing professional standing and personal reputation. Across the globe today, workplace sexual harassment is increasingly understood as a violation of women’s rights and a form of violence against women.

The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 was enacted to ensure safe working spaces for women and to build enabling work environments that respect women’s right to equality of status and opportunity. An effective implementation of the Act will contribute to the realization of their right to gender equality, life and liberty, equality in working conditions everywhere. The sense of security at the workplace will improve women’s participation in work, resulting in their economic empowerment and inclusive growth.

A Review of the Protection of Women Against Sexual Harassment At Workplace Bill, 2007

As mentioned in the preceding section, the Court in the Vishaka case had stepped into the law-making domain and suggested that in the absence of a law against sexual harassment, the guidelines suggested by the Court would be considered as the law. The Court, however, also called for a legislation prohibiting sexual harassment to replace its injunctions subsequently. The Court ruled in the Vishaka case in 1999. Since then there have been demands for legislation on sexual harassment and several attempts at drafting and presenting a bill have been made. The Bill also provides space for third-party harassment. Third-party harassment implies that the perpetrator is not the employer or colleague; an outsider, like a client or customer who comes in contact with the woman at the workplace or in relation to the workplace.

In 1992, a rural level change agent, Bhanwari Devi, was engaged by the state of Rajasthan as a Sathin to work towards the prevention of the practice of child marriages. During the course of her work, she prevented the marriage of a one-year old girl in the community. Her work was met with resentment and attracted harassment from men of that community. Bhanwari Devi reported this to the local authority but no action was taken. That omission came at great cost – Bhanwari was subsequently gang raped by those very men. The Bhanwari Devi case revealed the ever-present sexual harm to which millions of working women are exposed across the country, everywhere and everyday irrespective of their location. It also shows the extent to which that harm can escalate if nothing is done to check sexually offensive behaviour in the workplace.

Based on the facts of Bhanwari Devi’s case, a Public Interest Litigation (PIL) was filed by Vishaka and other women groups against the State of Rajasthan and Union of India before the Supreme Court of India. It proposed that sexual harassment be recognized as a violation of women`s fundamental right to equality and that all workplaces/establishments/institutions be made accountable and responsible to uphold these rights.

In a landmark judgment, Vishaka vs. State of Rajasthan (1997), The Supreme Court of India created legally binding guidelines basing it on the right to equality and dignity accorded under the Indian Constitution as well as by the UN Convention on the Elimination of All Forms of Discrimination against Women (CEDAW).

It included:

A definition of sexual harassment

Shifting accountability from individuals to institutions

Prioritizing prevention

Provision of an innovative redress mechanism

The Supreme Court defined sexual harassment as any unwelcome, sexually determined physical, verbal, or non-verbal conduct. Examples included sexually suggestive remarks about women, demands for sexual favors, and sexually offensive visuals in the workplace. The definition also covered situations where a woman could be disadvantaged in her workplace as a result of threats relating to employment decisions that could negatively affect her working life.

Communication is the most important factor in our lives. Media takes up the role of fulfilling this factor and giving a platform to various individuals and organizations. Media is generally defined as means of mass communication, which includes broadcasting, publishing and the internet regarded collectively. The term “media” is plural of medium, referring to communication channels through which we disseminate news, music, movies, education, promotional messages and other data. News, magazines, television, radio, billboards, telephone, the internet, and fax are ways through which communicate in society. Media rights means with respect to each credit party and its subsidiaries, all licensing rights (as licensor and licensee), manufacturing rights, production rights, and distribution rights and all rights, title and interest of such persons in registered patents, trademarks, service marks, copy rights. Other media rights include: right to broadcast, transmit, display, film and photograph the competition as well as recordings thereof (or any part thereof) in any form in all media now known or hereafter and the right to exploit such rights by means whatsoever. Freedom of media is indeed an integral part of freedom of expression which is part of fundamental rights of the Constitution of India. Media plays a vital role as in enables the citizens to be aware about what is happening in the country and other important factors they need to know. Media has created a platform for the common man to express his opinions and reach to the diplomats in higher positions which are usually not easily reachable. Today it has become one of the major instruments of social change. It is the duty of the media to report cautiously and fairly. Media tends to bring transparency and sometimes it is not good for people’s reputation. Freedom of press is a fundamental right that government itself can not violate but still it’s the most violated right. There has been constant press freedom violation including abuses by political leaders, threats, from criminal groups, police violence or threats by corrupt local officials making journalism one of the most dangerous professions to practice in India. There have been prominent journalists like Sauri Lankesh, Narendra who have paid the ultimate price for uncovering the truths and more than sixty-four journalists have been killed on duty. Uttar Pradesh holds the distinguished place with the highest number of journalists killed since year 2000 and the duty lies with the government to make effective laws and provisions for the protection of the media. The risk factor in the profession of journalism is rapidly increasing the face of violence and intimidation for practicing their fundamental rights. The ranges of danger they are getting include kidnapping, murder, online harassment, cyber bullying, forced detention and torture and defamation among others. There is a need for effective laws for protection of media. The freedom under Article 19(1) (a) is not only cribbed, cabinet and confined to newspapers and periodicals but also includes pamphlets, leaflets, handbills, circulars and every sort of publication which affords a vehicle of information and opinion. Although the freedom of press is guaranteed as a fundamental right, it is necessary for us to deal with various laws governing the different areas of media so as to appreciate the vast of media laws. Freedom of Press and the Freedom of Expression can be regarded as the very basis of a democratic form of government. Every business enterprise is involved in the laws of the nation, state and community in which it operates. Newspaper publishers find themselves more hemmed in by legal restrictions than any other businesses do regardless of the fact that freedom of press is protected by the India Constitution. The various Acts that have been taken into consideration when dealing with the regulations imposed upon the print media are: The Press and Registration of Books Act, 1867, the Act regulates printing presses and newspapers and makes registration with an appointed authority compulsory for all printing. The enactment provides against the printing and publication of incitement to crime and other objectionable matters. More over the protection of rights of media are internationally recognized. Evidently, the existence of the International Declaration on the protection of journalists. The International Declaration on the protection of journalists is based on thorough research and analysis of existing international mechanisms in the area of journalists and media organizations to ensure maximum safety.

The Constitution of India confers the fundamental right of freedom of the press. Article 105(2) provides certain restrictions on the publications of the proceedings in parliament.  The Supreme Court held that, the publication by a newspaper of certain parts of the speech of members in the House, which were ordered to be expunged by the speaker constituted a breach of privilege. The media is given freedom of speech and press however the limitations given by the country suppress them and hinders them from exercising their rights to the fullest. The limitations imposed also make the work with fear for being found on the wrong side of the law.

What are the challenges faced by the Media in practicing their duty? Authoritarian rule in many developing countries, democracy is formally established by political elites and authoritarian rulers control power beyond the influence of the majority of people. So instead of more democracy there is less, instead of more participation there is more exclusion, instead of the rule of law, there is insecurity, impunity and lack of accountability. Media organizations are not welcomed because they will always question authoritarian rule. Media rights are under pressure Media suffer from obstruction of freedom of press, freedom of expression and to access information. Media regulations become tougher and journalists who are not in line with mainstream elites become more and more endangered and face possible censorship and intimidation the worst being arbitrary arrest and torture.

Because of the above mentioned challenges faced by the media it shows there is need for protection of reporters, editors and journalists. This need of crafting laws for protection of media becomes an important task for media support organizations and the close monitoring of the development of media freedom becomes more relevant.

In conclusion, media plays an important role in our lives as it enables us to communicate at different level. In a national level the journalists, editors and other are the people who are in control of media. However they face so many challenges, with some even life threatening. Hence there is need for laws protecting the rights of the media. In most if not all the countries freedom of press and speech is guaranteed however political elites limit the media from exercising their rights fully.

A central bank is an independent national authority that conducts monetary policy, regulates banks, and provides financial services including economic research. Its goals are to stabilize the nation’s currency, keep unemployment low, and prevent inflation.

Most central banks are are governed by a board consisting of its member banks. The country’s chief elected official appoints the director. The national legislative body approves him or her. That keeps the central bank aligned with the nation’s long-term policy goals. At the same time, it’s free of political influence in its day-to-day operations.

Functions of Central Bank:

Central bank of every country is established with view to regulate total money supply in the economy.

Issue of currency:

The Central bank of India has the monopoly of issuing notes or paper currency to the public. This is the first important function of the Central bank.

Bankers to the government:

Another important function of the Central bank is to act as a banker to the government, both Central and State Governments. It carries out banking business of the government and the government keeps its cash balances on current account with the Central bank. Central bank also provides short term credit to the government. In fact, the Central bank is the monetary agent of the government advises the government on all financial matters, and in the formulation of economic policy.

Banker to banks:

A Central bank is also act as banker to the Commercial banks. The Central bank holds a part of cash reserve of banks, lends them short term funds and provide them with centralised clearing and remittance facilities. The Central bank also supervise, regulate and control the credit creation policy of the Commercial banks.

Lender of the last resort:

The Central bank also acts as the lender of the last resort. This means that the central bank lends to such institutions in order to help them at times of stress, so as to save the financial structure of the nation. Central bank helps through discounting of approved securities and collateral loans and advances.

Custodian of foreign exchange reserves:

An important function of the Central bank is to manage and control the foreign exchange reserves. Central bank tries to stabilise the exchange rate by selling and buying gold, foreign securities.

Controller of credit:

The most important function of the Central bank is to control the credit creation by the Commercial banks. Quantitative as well as qualitative instruments are used to control the volume of credit in the economy.

Other functions:

Apart from the above important functions, a Central bank also performs the following other functions:

(a) Central bank is entrusted with the responsibility of extending a strong banking” system.

(b) Central bank also helps in accelerating the agricultural and industrial growth rates of a country.

(c) Central bank published periodical economic and statistical information relating to different aspects of the economy.

The American Space agency NASA launched its Mission Mars 2020 on Thursday from Florida’s Kennedy Space Centre.

In this mission, Preservance Rover is been sent on Mars. During the Mission, the rover will collect stones and dust present there on Mars’s surface and will also try to find traces of life if any.

The Perseverance Rover is also said to find out certain answers related to Astrobiology, the most important of which is, ‘ If life is possible in Mars?’.

By the help of this mission, NASA is trying to find out if life is there in any other planet or place other than Mars. This is the 3rd Mars Mission in past 11 days. Before NASA, UAE’s ‘hope’ and China’s ‘tiyanven-1’ have also launched their mission

The Delhi Government has decided to cut down the price of diesel by Rs8.36 after reducing VAT (Value Added Tax) from 30% to 16.75%.

Chief Minister Arvind Kejriwal stated this in a Cabinet Meeting held on Thursday. Now, the price will be Rs. 73.64 thereby reducing the previous rate by Rs. 8.36 .

Kejriwal also said that they are facing a serious economic problem in Delhi and will be able to manage the economy with the help of the general public.

With global oil markey stable for the past few days, the consumers in India have been spared of a price rise of auto fuels for the 4th consecutive day. The price of Petrol is Rs. 80.43/litre in Delhi. The oil companies have indicated that there can be some increase later this week or early next week but would be marginal.