In November last year, TRAI floated a consultation paper seeking comments about the potential introduction of Caller Name Presentation (CNAP).
The feature will allow users to know the identity of the person calling them. The basic idea is that if people are aware of the person who is calling them, they can make an informed choice about those calls. At the same time, such a feature could potentially help in curbing harassment and other spam calls.
The proposal CNAP will also be difficult to execute from a technical perspective given that a number of phones in the Indian market may not be able to support it, telcos have said.
Meanwhile, Truecaller, which already offers a similar service albeit through a crowdsourcing model has said since several people purchase SIM cards using forged identity cards, TRAI’s proposal to use SIM registration data to display callers’ names might be fraught with inaccuracies since “the identity of the actual user of a mobile number may not be the same as the subscriber”.
Adani Enterprises, the flagship company of ports-to-energy conglomerate Adani Group, said it would raise ₹20,000 crore in follow-on public offering of new shares, which is being touted as the country’s biggest FPO.
The Adani Group’s flagship company has filed papers with capital market regulator Securities and Exchange Board of India (Sebi) for the FPO.
An FPO is the issuance of shares to investors by a publicly listed entity. Its name comes from the fact that it follows an initial public offering (IPO).
Over the past five years, Adani’s fortune has skyrocketed. In the past year, the share prices of his many publicly traded firms have soared by more than fivefold. Four of the six companies have increased investor worth by more than ₹1 lakh-crore. In five years, shares of his flagship company, Adani Enterprises, have increased by almost 2,500 per cent.
India is projected to assemble up to 50 per cent of Apple’s iPhones by 2027, which will be a significant increase from the current rate of less than five per cent. According to a report by the South China Morning Post, it will bring India’s level of production in line with that of mainland China.
India could produce one in two of the world’s iPhones by 2027 as compared to the current percentage which stands at less than 5 percent, as per a latest forecast by Luke Lin.
Here Luke Lin is an analyst at the research unit of Taiwan’s DigiTimes newspaper, in the South China Morning Post.
It appears that this forecast is more aggressive than JPMorgan’s earlier prediction that India would assemble 25 percent of total Apple iPhones worldwide by 2025.
The trade between India and China has touched an all-time high of USD 135.98 billion in 2022 while New Delhi’s trade deficit with Beijing crossed for the first time a USD 100 billion mark despite frosty bilateral relations, according to data released by the Chinese customs on Friday.
The total India-China trade for 2022 has climbed to 135.98 billion, overtaking the USD 125 billion mark a year earlier by registering an 8.4 per cent increase, according to the annual Chinese customs data.
On Day 4 of the Start-up India Innovation Week 2023, several events were successfully conducted to boost the entrepreneurship ecosystem in the country.
Startup India with the support of Zone Startups today organized a MAARG Mentorship Masterclass for Mentors mentoring the startups in their entrepreneurial journey. MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth), the National Mentorship Platform is a one stop platform to facilitate mentorship for startups across diverse sectors, functions, stages, geographies, and domains. The objective of the workshop was to equip the attendees with effective ways of mentoring startups, by enhancing their capacities and knowledge. More information on MAARG Portal can be accessed at https://maarg.startupindia.gov.in/
Startup India also organised the webinar on – “Decoding the Seed: Understanding Seed Funding Mechanism” with speakers from various prominent incubators in the country.
Kerala Startup Mission hosted KTIZ Innovation Day and a workshop for startup founders and ecosystem players to mark the occasion of National Startup Day.
Atal Incubation Centre – Pondicherry Engineering College Foundation (AIC) organised a one-day event, Puduvai Startup Sprint, a unique initiative to promote an innovative, and supportive ecosystem through pro-active initiatives. The event included knowledge sharing sessions on Startups and Team Building.
UASB Agri Innovation Center, Bengaluru, organised a series of workshops surrounding the theme ‘Role of Startups in Sustainable Agriculture’. The event included informative sessions on ‘Organic Farming for Agri Startups’, ‘Agroforestry Dependent Integrated Farming for Sustainable Income of Farmers’, and ‘Innovation in Agriculture by Startup’.
International Institute of Information Technology-Hyderabad Foundation organised ‘Mentor Cafe’, an offline event in collaboration with Startup India. The event included a ‘One-on-One Discussion forum between Industry Experts and Startups on Overall Strategy’ for budding and aspiring entrepreneurs.
AIC Raise Business Incubator Pvt Ltd in Coimbatore, organised a three-day event, ‘Startup Odyssey. A knowledge sharing Webinar was hosted on ‘How and When to Approach to Investors’, with special focus on inspiring and educating young innovators and students.
Marathwada Accelerator for Growth and Incubation Council in Aurangabad, Maharashtrain association with GIZ & Govt ITI has taken a unique initiative for fostering the spirit of Skills based Entrepreneurship amongst the ITI Students. Session on My Skill, My Business was conducted to create awareness & develop the much-needed mindset for establishing an enterprise.
India hosted a special virtual Summit – “Voice of Global South Summit” under the theme “Unity of Voice, Unity of Purpose” on 12-13 January 2023. The Summit encompassed inaugural and concluding sessions at Head of State / Government level, and hosted by the Prime Minister, and8 Ministerial sessions hosted by respective Cabinet Ministers of India.
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal, hosted the Commerce and Trade Ministers’ Session, today, on the theme – ‘Developing Synergies in the South: Trade, Technology, Tourism, Resources’. Hon’ble Ministers from 13 countries, namely, Benin, Bosnia and Herzegovina, Burundi, Central African Republic, Côte d’Ivoire, Democratic Republic of Congo, Gabon, Haiti, Malaysia, Myanmar, South Sudan, Timor Leste, and Zimbabwe, participated in the Session.
Delivering his opening remarks, the Minister called upon countries of Global South to forge new partnerships and mechanisms so that the voice of the Global South is reflected on the decision-making table. The Minister said the objective of the Summit is to pay attention to the issues pertaining to the Global South and those issues before key global forums like G20, the UN and other multilateral settings. Touching upon the theme of the Session, Shri Goyal said these are the key pillars for development of the countries of the South.
Highlighting the impact of COVID-19 on global trade and particularly on developing countries, he stressed upon the need to work together to build resilient supply chains. He also emphasised upon the need for de-politicization of the global supply of essential medicines. He said, “At the WTO Ministerial Conference held in Geneva in June 2022, India, South Africa, and other developing countries worked together to obtain the TRIPS waiver decision providing equitable and affordable access to vaccines. We shall redouble our efforts at the WTO to get the TRIPS waiver extended to COVID-19 diagnostics and therapeutics.”
Shri Goyal highlighted that the countries of the Global South are now contributing more than half of the world’s economic growth with South-South trade touching $5.3 trillion in 2021. In this regard, he urged for enhanced trade linkages for the mutual benefit of all our countries.
Mentioning that India is providing unilateral duty-free market access to the least-developed countries (LDCs) since 2008 through the duty-free tariff preference (DFTP) scheme of India, he said that India is also open to enter into Preferential Trade Agreements (PTAs) with interested countries in the South.
Calling Connectivity as a defining factor for success in the developing world, Shri Goyal spoke of India’s National Logistic policy (NLP) and the PM-Gati Shakti as the steps in this direction. He said countries of the Global South can work together to exchange best practices in models of connectivity that we employ in our countries.
Shri Goyal said southern countries are also helping to drive world investment. Indian companies are also investing abroad in a big way, including in the Southern countries. Financial cooperation between developing countries is also enabling developing countries to engage more in the global policy debates and shape the international agenda.
Emphasising on the use of technology for development, Shri Goyal shared India’s experience that an inclusive digital architecture can bring about socio-economic transformation. He cited examples of UPI which has transformed India’s Digital Payment Landscape, CoWIN platform which played a key role in the success of India’s COVID-19 vaccination programme.
On tourism, Shri Goyal noted developing countries are now fast emerging from the impact of covid, and the tourism sector has picked up in the last one year. He called for working together with the countries of the Global south to promote tourism. Shri Goyal noted that many countries of the South have huge deposits of these resources and emphasised that we should work closely to use such resources for the benefit of the South.
Shri Goyal concluded by stating that India is ready to share its development experience with the global South, and are eager to learn from other fellow countries and bring forth the matters of our common concern for further discussion and cooperation towards our joint sustainable and inclusive growth.
The Prime Minister, Shri Narendra Modi flagged off the World’s Longest River Cruise-MV Ganga Vilas and inaugurated the Tent City at Varanasi via video conferencing today. He also inaugurated and laid the foundation stones for several other inland waterways projects worth more than Rs. 1000 crores during the event. In line with the Prime Minister’s endeavour to boost river cruise tourism, the huge untapped potential of river cruises will get unlocked with the launch of this service and it will herald a new age of river cruise tourism for India.
Addressing the gathering, the Prime Minister hailed Lord Mahadev and greeted everyone on the auspicious occasion of Lohri. The Prime Minister emphasised charity, faith, tapasya and faith in our festivals and the role of rivers in them. This makes the projects related to river waterways all the more significant, he said. He pointed out that the longest river cruise from Kashi to Dibrugarh is being flagged off today which will bring to the fore, places of tourism in North India on the world tourism map. He said other projects being dedicated today in Varanasi, West Bengal, Uttar Pradesh and Bihar, Assam worth 1000 crore will give a push to the tourism and employment potential in eastern India.
Underlining the central role of river Ganga in the life of every Indian, the Prime Minister lamented that the area around the banks lagged behind in development in the post-independence period thereby leading to a massive exodus of population from this area. The Prime Minister elaborated on a twin approach to address this unfortunate situation. On the one hand, the campaign to clean Ganga was undertaken through Namami Gange and ‘Arth Ganga’ was taken up on the other. In ‘Arth Ganga’ steps have been taken to create an environment of economic dynamism in the states from where Ganga passes.
Directly addressing the tourists from foreign countries who are traveling on the maiden journey of the cruise, the Prime Minister said, “Today India has everything and a lot beyond your imagination.” He further added that India can only be experienced from the heart as the nation has welcomed everyone with open hearts irrespective of region or religion, creed or country and welcomed tourists from all parts of the world.
Throwing light on the experience of the river cruise, the Prime Minister informed that it has something special for everyone. He added that those seeking spirituality will cover destinations like Kashi, Bodh Gaya, Vikramshila, Patna Sahib and Majuli, tourists looking out for a multinational cruise experience will get the opportunity to via Dhaka in Bangladesh, and those wanting to witness the natural diversity of India will cross through Sundarbans and the forests of Assam. Observing that the cruise will pass through 25 different river streams, the Prime Minister said that this cruise has significant importance for those who have a keen interest in understanding the river systems of India. He also mentioned that it is a golden opportunity for those who want to explore the myriad culinary and cuisines of India. “One can witness the extraordinary amalgamation of the heritage of India and its modernity on this cruise”, the Prime Minister remarked as he shed light on the new era of cruise tourism where new employment opportunities will be created for the youth of the country. “Not just foreign tourists but Indians who traveled to different nations for such an experience can head towards North India now”, the Prime Minister said. He also informed that similar experiences are being readied in other inland waterways of the country to give a boost to cruise tourism while keeping in mind the budget as well as the luxury experience.
The Prime Minister also mentioned that India is entering into a robust phase of tourism as with a growing global profile, curiosity about India is also increasing. That is why, said the Prime Minister, in the last 8 years various steps were taken to expand the tourism sector in the country. Places of faith were developed on priority and Kashi is a live example of such efforts. With improved facilities and the rejuvenation of Kashi Vishvanath Dham, Kashi has seen a huge increase in the number of visiting devotees. This has given a massive boost to the local economy. The New Tent City, infused with modernity, spirituality and faith, will provide a novel experience to the tourists.
The Prime Minister said that today’s event is a reflection of the policies, decisions and direction taken after 2014 in the country. “This decade of the 21st century is a decade of infrastructure transformation in India. India is witnessing a level of infrastructure which was unimaginable a few years ago.” He said from Social infrastructure like houses, toilets, hospitals, electricity, water, cooking gas, educational institutes to digital infrastructure to physical connectivity infrastructure like railways, waterways, airways and roads, all these are strong indicators of the rapid growth of India. In all the fields India is seeing the best and biggest, he pointed out.
The Prime Minister underlined the low usage of river waterways in India before 2014 despite the rich history in this mode of transport in the country. Post 2014, India is harnessing this ancient strength to the cause of modern India. There is a new law and detailed action plan for developing waterways in big rivers of the country. The Prime Minister informed that in 2014 only 5 national waterways were there in the country, now there are 111 national waterways in the country and about two dozen are in operation already. Similarly, there has been a 3 times increase in cargo transportation via river waterways from 30 lakh metric tonnes 8 years ago.
Coming back to the theme of development of eastern India, the Prime Minister said that today’s events will help in making eastern India a growth engine for Developed India. This connects Haldia multimodal terminal with Varanasi and is also connected with India Bangladesh protocol route and Northeast. This also connects Kolkata port and Bangladesh. This will facilitate business from Uttar Pradesh, Bihar, Jharkhand, and West Bengal to Bangladesh.
Emphasising the need for training of the staff and skilled workforce, the Prime Minister informed that a Skill Development Center has been set up in Guwahati and a new facility is also being constructed in Guwahati for the repairing of ships. “Be it a cruise ship or a cargo ship, they not only give a boost to transport and tourism, but the entire industry associated with their service also creates new opportunities”, the Prime Minister said.
Referring to a study conducted, the Prime Minister informed that waterways are not just beneficial to the environment but also help in saving money. He said that the cost of operating waterways is two and a half times lesser than that of roadways, and one-third lesser when compared to railways. The Prime Minister also touched upon the National Logistics Policy and said that India has the potential to develop a waterway network of thousands of kilometres. He also emphasised that India has more than 125 rivers and river streams which can be developed to transport goods and ferry people while also giving impetus to further expanding port-led development. He emphasised the need to build a modern multi-modal network of waterways and informed about the partnerships with Bangladesh and other countries which have strengthened the water connectivity in the Northeast.
Concluding the address, the Prime Minister remarked on the continuous development process of developing waterways in India and said, “Strong connectivity is essential for building a developed India.” The Prime Minister expressed the belief that the river of India will give new heights to water power and trade and tourism of the country and wished a pleasant journey to all the cruise passengers.
Chief Minister of Uttar Pradesh, Shri Yogi Adiyanath, Chief Minister of Assam, Shri Himanta Biswa Sarma, Union Minister of Port Shipping and Waterways, Shri Sarbananda Sonowal among others were present on the occasion.
Background
MV Ganga Vilas
MV Ganga Vilas will begin its journey from Varanasi in Uttar Pradesh and travel around 3,200 km in 51 days to reach Dibrugarh in Assam via Bangladesh, sailing across 27 river systems in India and Bangladesh. MV Ganga Vilas has three decks, 18 suites on board with a capacity of 36 tourists, with all the luxury amenities. The maiden voyage has 32 tourists from Switzerland signing up for the entire length of the journey.
The MV Ganga Vilas cruise is curated to bring out the best of the country to be showcased to the world. The 51 days cruise is planned with visits to 50 tourist spots including World Heritage Sites, National Parks, River Ghats, and major cities like Patna in Bihar, Sahibganj in Jharkhand, Kolkata in West Bengal, Dhaka in Bangladesh and Guwahati in Assam. The journey will give the tourists an opportunity to embark upon an experiential voyage and indulge in the art, culture, history, and spirituality of India and Bangladesh.
In line with PM’s endeavour to boost river cruise tourism, the huge untapped potential of river cruises will get unlocked with the launch of this service and it will herald a new age of river cruise tourism for India.
Tent City at Varanasi
Tent City has been conceptualised on the banks of the River Ganga to tap the potential of tourism in the region. The project has been developed opposite to city ghats which will provide accommodation facilities and cater to the increased tourist influx in Varanasi, especially since the inauguration of Kashi Vishwanath Dham. It has been developed by Varanasi Development Authority in PPP mode. The tourists will reach the Tent City by boats from different Ghats situated in the vicinity. The tent city will be operational from October to June every year and will be dismantled for three months due to the rise in river water level in the rainy season.
Inland Waterway projects
Prime Minister will inaugurate Haldia Multi-Modal Terminal in West Bengal. Developed under Jal Marg Vikas Project, Haldia Multi-Modal Terminal has a cargo handling capacity of around over 3 Million Metric Tonne Per Annum (MMTPA) and the berths are designed to handle vessels up to around 3000 Deadweight tonnage (DWT).
The Prime Minister also inaugurated four floating community jetties at Saidpur, Chochakpur, Zamania in Ghazipur district and at Kanspur in Ballia district in Uttar Pradesh. Besides, the Prime Minister laid foundation stones for the five Community Jetties at Digha, Nakta Diyara, Barh, Panapur in Patna district and Hasanpur in Samastipur district in Bihar. More than 60 community jetties are being constructed along the river Ganga across the states of Uttar Pradesh, Bihar, Jharkhand and West Bengal to boost the economic activities and improve the livelihoods of local communities in the region. The community jetties would play a key role in improving the livelihoods of people by providing simple logistics solutions for small farmers, fishery units, unorganised farm-producing units, horticulturists, florists and artisans focussing on economic activities in and around the hinterland of river Ganga.
The Prime Minister also inaugurated the Maritime Skill Development Centre for North East at Guwahati. It will help hone the rich talent pool in the North Eastern region and will provide for better employment opportunities in the burgeoning logistics industry.
In addition to these, the Prime Minister also laid the foundation stone for a ship repair facility and an elevated road at Pandu Terminal in Guwahati. The Ship Repair facility at the Pandu Terminal will save a lot of valuable time as it takes more than a month for a ship to be transported to the Kolkata Repair facility and back. Moreover, it will also result in huge savings in terms of money as the transportation cost of the ship will also be saved. The dedicated road connecting the Pandu Terminal to NH 27 will enable 24-hour connectivity.
I welcome you to the Voice of Global South Summit.
Over the past 2-days, this Summit has seen the participation of more than 120 developing countries – the largest-ever virtual gathering of the Global South.
I am privileged to have your company in this concluding session.
Excellencies,
The last 3 years have been difficult, especially for us developing nations.
The challenges of the COVID pandemic, rising prices of fuel, fertilizer and foodgrains, and increasing geo-political tensions have impacted our development efforts.
However, the start of a new year is a time for fresh hope. So let me first extend my good wishes to all of you for a happy, healthy, peaceful, secure and successful 2023.
Excellencies,
We all appreciate the principle of globalisation. India’s philosophy has always seen the world as one family.
However, developing countries desire a globalization that does not create Climate Crisis or Debt Crisis.
We want a globalisation that does not lead to unequal distribution of vaccines or over-concentrated global supply chains.
We want a globalisation that brings prosperity and well-being to humanity as a whole. In short, we want a ‘human-centric globalisation’.
Excellencies,
We developing countries are also concerned about the increasing fragmentation of the international landscape.
These geopolitical tensions distract us from focusing on our development priorities.
They cause sharp swings in international prices of food, fuel, fertilizers and other commodities.
To address this geopolitical fragmentation, we urgently need a fundamental reform of the major international organisations, including the United Nations Security Council and the Bretton Woods institutions.
These reforms should focus on giving voice to the concerns of the developing world, and reflect the realities of the 21st Century.
India’s G20 Presidency will attempt to voice the views of the Global South on these important issues.
Excellencies,
In its development partnerships, India’s approach has been consultative, outcome oriented, demand driven, people-centric, and respectful of the sovereignty of partner countries.
I firmly believe that countries of the Global South have a lot to learn from each other’s development experiences.
I am happy to announce that India will establish a “Global-South Center of Excellence”.
This institution will undertake research on development solutions or best-practices of any of our countries, which can be scaled and implemented in other members of the Global South.
As an example, the digital public goods developed by India in fields like electronic-payments, health, education, or e-governance, can be useful for many other developing countries.
India has also made great strides in areas like space technology and nuclear energy. We will launch a ‘Global-South Science & Technology initiative’ to share our expertise with other developing nations.
During the COVID pandemic, India’s ‘Vaccine Maitri’ initiative supplied made-in-India vaccines to over a 100 nations.
I would now like to announce a new ‘Aarogya Maitri’ project. Under this project, India will provide essential medical supplies to any developing country affected by natural disasters or humanitarian crisis.
Excellencies,
For synergising our diplomatic voice, I propose a ‘Global-South Young Diplomats Forum’, to connect youthful officers of our foreign ministries.
India will also institute ‘Global-South Scholarships’ for students from developing countries to pursue higher education in India.
Excellencies,
The theme of today’s session is inspired by the ancient wisdom of India.
A prayer from the Rig Veda – the oldest text known to humanity – says:
संगच्छध्वं संवदध्वं सं वो मनांसि जानताम्
which means: Let us come together, speak together, and may our minds be in harmony.
Or in other words, ‘Unity of Voice, Unity of Purpose’.
In this spirit, I look forward to listening to your views and suggestions.
Naatu Naatu,’ a song featured in the S.S. Rajamouli blockbuster film RRR won the award for the ‘Best Song in a Motion Picture’ in the 2023 Golden Globe Awards, the ceremony of which was held on January 11.
The song was composed by veteran music director MM Keeravaani and crooned by Kaala Bhairava and Rahul Sipligunj. Director SS Rajamouli along with his team including Ram Charan, Jr NTR, and MM Keeravaani, among others, were present to represent the film.
This is the first Asian film song to win in the category at the Golden Globes.
India previously made its presence felt in the Best Original Score category over a decade ago, when AR Rahman won for Danny Boyle’s Slumdog Millionaire. Rahman was also nominated in the same category for Boyle’s follow-up, 127 Hours. V Shantaram’s Do Aankhen Barah Haath made history when it won the equivalent of the Best Non-English Language Film in 1957. Richard Attenborough’s Gandhi was won the Globe in the same category, even though it wasn’t a foreign production.
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The contribution of women in all walks of life, including STEM, as well as conservation of biodiversity, was highlighted at the 10th Women Science Congress (WSC), organised as a part of the 108th Indian Science Congress at Rashtrasant Tukadoji Maharaj Nagpur University during 5-6 January 2023.
Padmashri Smt. Rahibai Soma Popere, a farmer and conservationist, highlighted the crucial role women have played in biodiversity conservation and also elaborated about her campaign to help farmers return to native varieties of crops while Chief Guest Mrs. Kanchan Gadkari, Head, Seva Sadan Sanstha, spoke about self-reliance among women. Several eminent women scientists shared their research and professional experiences with the audience.
Dr. Nisha Mendiratta, Advisor & Head, WISE-KIRAN Division, Department of Science & Technology (DST), emphasized on the need for interventions to promote women in STEM. She highlighted that in tertiary education, the percentage of girls is more than 55, but after that, there are high numbers of dropouts – an issue that needs to be addressed. Dr. Mendiratta underlined the efforts of DST in plugging the gap areas and promoting women’s participation in Science & Technology, benefiting more than 35000 girls and women in the last 8 years under various women-centric programs.
The experts discussed about the role of S&T in Women Empowerment; Opportunities in Food Science & Technology; Sustainable Development Goals; Science Communication, Role of Digitalization, etc.
A panel discussion was also organized wherein Dr. Indu Bala Puri, Scientist, DST, pointed out the importance of S&T-led development in rural areas. Dr. Suphiya Khan, Banasthali Vidyapith, asserted that innovation in research can excel in the output. Dr. Sangeeta Nagar, TIFAC, DST, briefed about the opportunities for women in the area of Intellectual Property Rights.
Dr. Zareena Qureshi, Principal, JNV Nagpur, shared the significance of the Vigyan Jyoti program for school girls to pursue a career in STEM fields. Dr. Sonal Dhabekar, beneficiary of the WOS-B program, highlighted how this program helped to reshape her scientific career after a long break.
Dr. Vijaylaxmi Saxena, General President of ISCA, appreciated the various initiatives of Govt. of India for empowering women. Dr. Kalpana Pande, Convener WSC, talked about the scientific temperament among women since ancient times. Around 5000 participants attended the 2-day event.
As part of the Republic Day Celebrations 2023 and to mark the 126thbirth anniversary of Netaji Subhas Chandra Bose (celebrated as Parakram Diwas), a Military Tattoo & Tribal Dance Festival ‘Aadi Shaurya – Parv Parakram Ka’ will be held at Jawaharlal Nehru stadium, New Delhi on January 23 & 24, 2023. The two-day festival will showcase the prowess of the Armed Forces and the ethnic beauty of India’s tribal culture. Free tickets are available throughwww.bookmyshow.com.
The programme comprises a Military Tattoo (Paramotor Gliding, Hot Air Balloon, Horse Show, Motor Cycle Display, Air Warrior Drill, Navy Band) and an hour of traditional dance performances (Khukhri Dance, Gatka, Mallakhamb, Kalaripaytu, Thangta) by tribal artists from across the country. The grand finale includes a performance by famous singer Shri Kailash Kher.
The aim of the festival is to remember the sacrifices of the country’s bravehearts and celebrate the rich cultural heritage which makes India so unique and diverse. The objective is to celebrate together the bravery of Netaji Subhas Chandra Bose; embrace the true spirit of India and renew the commitment to building a strong and prosperous ‘New India’. Ministry of Defence and Ministry of Tribal Affairs are jointly organising the event, with Indian Coast Guard being the coordinating agency.
The cryptocurrency’s value fluctuates very quickly. Sometimes it shows enormous growth, and sometimes it shows a downside trend. After being a decentralized currency, some factors can impact the cryptocurrency’s value over time. It is because of this reason there is a constant shift in the mindset towards cryptocurrencies. For more detail about Bitcoin 360 ai visit our website.
An investor can predict cryptocurrency’s upcoming upward or downward trend by understanding those factors. Here are some factors that can affect the value of cryptocurrency:
Like other things, cryptocurrency is also affected by supply and demand as the demand increase more rapidly than the supply. The value of a certain cryptocurrency would go higher. And likewise, if the supply is more than the demand, then the value of certain cryptocurrencies would be lower.
The basic same demand and supply principle applies to cryptocurrency too. In such a situation, crypto investors should focus on the demand and supply of certain cryptocurrencies to understand the upcoming trend.
Fee of Exchange
Sometimes the token can be available on a huge number of crypto exchanges, which surely raises the number of people purchasing and using the same tokens. For every swap on any cryptocurrency token on the exchange, the user has to pay some fee to the exchange.
The more exchanges, the more fees the user has to pay to swap the token. This process certainly raises the investment cost. There is no doubt this has a huge effect on the cryptocurrency value.
The Competition
In the cryptocurrency market, there are lots of cryptocurrencies existing. Still, the new token keeps launching every month or even every week. There are doge coins, some soccer team coins, and many more.
The number of the existing token would allure new investors, and surely sooner or later, it would affect the value of cryptocurrency. It would also give the investors many options which can fit into their financial statements. To know about other coins, check Bitcoin PRO.
The cost of Production
The cost of Production is one of the major factors that have a huge effect on the value of cryptocurrency. Every day, from all over the world, crypto miners use high-end servers and other computer hardware to produce new tokens and try to verify fresh network transactions.
Miners get the virtual token with the rewards as the payment and the network fee for their work. Such miners’ network performance allows the decentralization of the cryptocurrency in the working mode. And if, in any situation, the cost of the miner would increase, surely it would also affect the value of cryptocurrency.
The Social Media
Undoubtedly, social media plays an important role in cryptocurrency value. Like other things, if social media build hype about any cryptocurrency at any point in time, people worldwide would show interest in the cryptocurrency. The result would affect the certain cryptocurrency value.
For example, in recent years, many times Tesla Founder Elon Musk’s statements over the tweeter affect the Dogecoin value. This one was something that everyone witnessed. For investors, social media is one of the most powerful tools.
Regulations of Government
From all over the world, every ruling government has its point of view regarding cryptocurrency. And they make the regulations according to their point of view about cryptocurrency. Sometimes such kind of regulations is in favor of cryptocurrency, and sometimes not.
The worth of cryptocurrencies might be affected under any of these situations. Such as some countries they are also decided to ban bitcoin and a few other crypto coins to control the crypto market. In such a situation, many crypto investors would be unable to invest further in crypto. This would devaluate cryptocurrencyies.
Under Supply of Cryptocurrency
According to the theories, there is a limitation on the cryptocurrency supply, and the price would automatically go up trends once fewer coins are available. As per the same theory, 40% of coins are circulating all over the internet, and 60% are still reserved, and then the value would be decreased when more coins would be available for buyers all over the internet.
Conclusion
The value of cryptocurrency is affected by a lot of factors. Some factors affect the value of cryptocurrency directly, and some affect the cryptocurrency indirectly. In both situations, investors must be more careful while trading in cryptocurrency.
To understand the effect of certain factors on cryptocurrency, investors have to show a keen interest in cryptocurrency news.
Before you can succeed with cryptocurrencies, you must know what you’re doing. It can’t be simple to learn all there is to know about cryptocurrencies when you’re just starting. For more detail about Bitsoft360 visit at this link.
Numerous services, exchanges, and wallets are accessible, but keeping track of all their abbreviations might be difficult. Stay away from the bitcoin market if you don’t know what you’re doing.
In essence, you are gambling with money that has no worth until someone else decides that it does. If you want to make it big in the bitcoin market, consider the advice below.
First and foremost, keep in mind that the market is always right while trading cryptocurrencies; the market is always right. Yes, there are days when market predictions are more accurate than others. However, you may conclude that you are at fault if its behavior deviates from your expectations.
Do not give anybody access to your financial resources:
Several individuals may approach you, hoping to borrow some of your coins. It might be tempting to lend money to someone who asks, but you should avoid doing so if possible. That’s because the value of a single cryptocurrency coin may fall if it’s misplaced or stolen, and cryptocurrencies are notoriously unstable. To avoid being taken advantage of, you should only put your money into projects or currencies you have faith in.
If you want to maintain track of your investments, please do the following:
Even if there is no practical need to keep track of your bitcoin investment amounts, doing so is a good habit to get into. If you think the currency is a good investment, you may consider buying more. The business world might seem like one big hoax when you’re just starting. If you want to know what to anticipate from your assets in the future, tracking them is a smart move.
Take a look at the white paper:
It’s tough to make it as a cryptocurrency investor if you don’t know what a coin is or the project’s goals. Some digital currencies lack even a whitepaper. You should stay away from any currency that doesn’t have a whitepaper.
You should read the whitepaper before making any financial commitments. Furthermore, you must provide adequate evidence that the corporation supposedly backing the initiative is doing so.
Get more for your money when you stock up:
Many people wrongly believe that purchasing in large quantities is a negative idea when, in fact, it often saves them money. It is in your best interest to purchase coins as quickly as possible after becoming aware of their existence since their value may fall precipitously over time.
Technical analysis is based on the principle of “less is more”; thus, all that you need to know about wedges, breakouts, bull flags, upward and downward bands, trends, stochastic RSI, exponential moving averages, and candlestick charts to succeed in bitcoin trading is the basics of these indicators.
However, shorter periods are nearly always more error-prone, so if you know it would take hours to uncover anything, don’t attempt to design your TA using minute numbers.
Investment Strategy:
Successful investing and trading require a thorough familiarity with market dynamics and trade practices. You may compare the pros and cons of each cryptocurrency with the help of your techniques and methods.
It helps you recognize trends and maintain a watchful eye on the latest happenings in the world. You may utilize that knowledge to further your career and expand your grasp of the industry.
Have a plan B ready?
Make contingency measures in case anything goes wrong. Successful traders know they must be flexible and prepared for anything. New traders are especially vulnerable to the mental turmoil resulting from sudden market reductions.
Avoid letting your emotions cloud your judgment. Instead of behaving impulsively, it would be better to take a more calculated approach.
If you study the market and a few different cryptocurrencies in-depth, you’ll have a better idea of when to buy and sell. Keep in mind that the notion that the bitcoin market is very unstable is widely held.
One day, a cryptocurrency may be a great investment; the next, it may be worthless. Keeping tabs on the bitcoin market is a great way to get insight into common trends and price movements in the cryptocurrency industry. A lot more money can be made if you just do as I say.
How to Use a Wallet for Cryptocurrencies?
If you keep all of your digital money on exchange platforms, hackers may easily access it. Money stored in a physical or digital wallet is guaranteed to remain safe. There is a separate purchase for your wallet, or you may buy one online and save it to your computer’s storage device.
Tap on this download to download those who want to invest in cryptos.
Conclusion:
Although bitcoin is still in its infancy, the sector shows immense potential. Putting money into cryptocurrencies is a high-stakes gamble. Therefore it’s crucial to complete your research before making any purchases. Success is far more likely if you invest time into studying the bitcoin market and how it operates.
Although cryptocurrency is quickly becoming a smart investment option for people, it has some practical problems. For example Trading Software, people cannot use it for all day-to-day transactions, such as paying restaurant bills and paying personal effects.
Therefore, the question arises whether we can convert cryptocurrency into cash. It’s an interesting question, isn’t it? Cryptocurrency is a highly unregulated virtual currency with high price fluctuations. But turning it into money is quite simple. Well, you certainly have the option of converting it into cash, but you should also know that crypto transactions are now a global phenomena. Around 15000 companies are accepting Bitcoin payment.
So, if you want to convert Bitcoin to cash, there are a few things to keep in mind to ensure that once the cryptocurrencies are converted into cash, the real value of the money is not lost. Due to the volatility of digital tokens, the risk of losing the value of your money is great.
Although it is possible to convert cryptocurrencies into cash, it is essential to note that since they are not recognized as legal tender in the country, the income must be taxable.
How can I turn my digital currency into cash?
Recently, a news item raised this problem, which is very common.
There are three ways to convert cryptocurrency into fiat currency: mining, trading cryptocurrency, and using cryptocurrency as a payment method.
Converting cryptocurrencies to fiat through mining is likely to be lengthy. Creating new crypto assets involves solving computer puzzles and speculating on their solutions.
Another way to convert cryptocurrencies into cash is to exchange crypto assets. You can easily sell your crypto assets to other users on an online trading platform in exchange for cash or other crypto assets.
Using fiat currency is the third way to convert cryptocurrencies into cash. For example, businesses and services that accept bitcoin will exchange the cryptocurrency for fiat currency to pay their vendors. The procedure is very much like making a purchase using a credit card.
Advantages of cash over cryptocurrencies:
The idea was that compared to bitcoin (BTC), bitcoin cash (BCH) could make more transactions faster and cheaper. The reality is that bitcoin cash has come to an end. It’s just another Proof-of-Work (PoW) altcoin, like many others, like Dogecoin, that has no future.
The incredibly talented developers who have contributed so much to Bitcoin’s success have stuck with it. As a result, bitcoin is evolving into a very secure settlement layer which, along with layer 2 and 3 applications, could be essential for the world of finance.
BTH is based on the archaic idea that one can use cryptocurrency to buy a cup of coffee. BTH and BTC use the SHA-256 hash function as their proof-of-work (PoW) algorithm. BCH has very low usage and very low difficulty settings, so BTH is only more efficient than BTC because it is less secure than BTC.
Naturally, BCH is neither more efficient nor less efficient than BTC. However, BCH is not preparing for future significant use cases. Proof of Stake (PoS) is where things currently seem to be heading, as it will be controlled by cryptocurrency if used for small purchases.
Top cryptocurrencies to hold:
Ethereal
If you’re surprised the list doesn’t start with bitcoin, it’s time to turn your attention to other cryptocurrencies worth buying this month. Ethereum fell from USD 4,300 to USD 2,300. However, little by little, it picks up speed. According to experts, Ethereum has a chance to overtake Bitcoin this month and emerge as one of the best cryptocurrencies to invest in June.
Cardano
Cardano is the best cryptocurrency to buy right now, as the blockchain will see a lot of new developments and improvements. Because of this, it has a tremendous potential to bring in profits over the long run for the sake of investing. In support of Cardano, IOHK presented the Alonzo hard fork project. On the Cardano blockchain, this will enable the functionality of smart contracts.
Cash
Due to its fast transaction processing and low transaction fees, Bitcoin Cash is considered one of the best cryptocurrencies to invest in. The scalability of this crypto indicates significant future growth potential. Due to the huge price drop, now is the perfect time to invest in Bitcoin Cash.
Ripple
Ripple is now making headlines for winning a lawsuit with the Securities and Exchange Commission (SEC) after refusing to provide access to Ripple Labs’ private legal status documentation. Ripple’s growth is fueled by its popularity. Also, it plans to go public. This should be an essential factor to consider if you are looking to invest in major cryptocurrencies in November.
Conclusion:
This article is all about converting crypto to cash. This article is for you if you want to know how to do it and how it is beneficial. You can also trust the Bitcoin Era app.
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