Skip to main content

Posts

Showing posts from August, 2022

Is RBI going against Digital Payments?

Narendra Modi's Government had all efforts to divert the people from using cash for their transactions. NDA government did a huge campaign on digital payments for 8 years and it was successful to some extent. Many people go out without cash in hand these days. Because whatever you buy, you can just scan it and pay through UPI. This UPI is not only a facility but also free. But soon this situation is going to change. Fees may also be levied on UPI transactions. The Reserve Bank has recently released a discussion paper on 'Charges on Payment Methods. People are asked to give their opinions and suggestions on this document by October 3. Are low charges a viable alternative to zero charges? If charges are charged for UPI transactions should they be as a percentage of the transaction? Or should it be a fixed amount? Or should the regulator control the charges? Or should we leave it to the market to decide? RBI has asked for opinions and suggestions on these issues. All charges relat...

Putin Offer: Ten million more than ten children!

Due to the covid epidemic and the war with Ukraine, the population of Russia has been decreasing significantly for some time. Concerned with this, President Vladimir Putin took a key decision for the development of the population. It has been decided to give 10 lakh Russian rubles (roughly Rs. 13 lakhs in Indian currency) as offered to women who bear more than ten children. To this extent, the scheme called 'Mother Heroine' was announced. Women who give birth to 10 or more children are paid this amount at once. The mothers will 'qualify' for the 'award' even if any of their children die in battle, as the result of a terrorist act, or in an emergency situation. But there is a twist to it. This amount will be paid on the first birthday of the tenth child. It was also stipulated that the remaining nine children should be alive by then. Mother Heroine scheme came into the picture as a measure to replenish the decreasing population in the country. The nation has suff...

This is how the rupee has fallen since 1947..

  Looking at the history of the last 75 years, the rupee's exchange rate against major currencies has been depreciating. The rupee's exchange rate, which was Rs.4 to a dollar in 1947, is close to Rs.80 today. The rupee exchange rate is depreciating every year. In 1947, four rupees were equal to one US dollar. Now we have to spend about Rs.80 to buy a dollar. This means that in the last 75 years, the value of our rupee has fallen 20 times against the dollar. The main reason for the depreciation of the rupee against the dollar is the trade deficit. By the time of independence, our exports were equal to our imports. After that, exports did not increase as much as imports did. As a result, the trade deficit increased. The main reason for this is the burden of oil imports. The first compression starts during the 60s During the '60s our economy faced many ups and downs. Along with wars with China and Pakistan, droughts also damaged the economy. As a result, the fiscal deficit an...

Drought in Europe!!

The rivers are full of flowing streams. Today there is going to be a drop of water. Everywhere you look, you can see dry sand dunes with carcasses of aquatic animals. The river basins are lush with greenery. Huge water projects have failed due to insufficient water reserves. Irrigation or agriculture has shrunk. The yield of milk fell drastically due to a lack of fodder for the cattle. Finally, restrictions on drinking water have also started. Drought threatens 60% of the EU and UK, exacerbated by climate change-driven record heat. France, Spain, Italy, and the Netherlands facing water shortages. People are getting angry. This is the current situation in European countries. There is drought in more than half of the countries. It has been more than two months since a drop of rain touched the ground in many countries in Western, Southern, and Central Europe. Experts say that this situation will continue for some time. It is said that this is the worst drought that has occurred in Europe ...

How does India put a check on China's budget phones?

  Reliable sources said that the Indian government wants to put a check on the Chinese companies that are ruling the Indian smartphone market. They said that the government is planning to impose restrictions on Chinese companies such as Xiaomi, Oppo, Realme, Vivo etc. from selling budget smartphones priced below Rs.12,000 in the country. The purpose of this proposal is to increase market opportunities for domestic mobile brands. Chinese companies dominate our budget and premium smartphone market. Apart from Samsung, among the top-5 companies in terms of market share, the other four are Chinese. It is noteworthy that there is no domestic brand at least in the top 10. Banning budget smartphone sales will have a huge impact on Chinese companies, especially Xiaomi. According to a report by market tracking company Counterpoint, mobiles priced under Rs 12,000 accounted for a third of India's smartphone sales for the quarter ended June. 80 percent of it is owned by Chinese companies. The ...

An eye doctor turned terrorist!

  He was born in Egypt and steps towards religious fundamentalism from childhood. He is fighting for the implementation of Islamic laws in some Arab countries along with Egypt. For that, he left the medical profession, took a gun, and ran toward terrorism. As a key figure in Al Qaeda, at one stage he was responsible for being the chief of a terrorist organization that sought to become a superpower, and finally, he was killed without anything achieved except massacres. This is the story of Al Qaeda chief Ayman al-Zawahari in brief. The background of many doctors and scholars is from the Jawahari family. Father Mohammed-al-Zawahari worked as a professor at Cairo University. His grandfather is also an imam in the same university. Following in his father's footsteps, Jawahari also completed his graduation in medicine in 1974 from this university. After that, he completed his master's in Surgery in four years and worked as an eye surgeon. Along with education since childhood, he was...