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Nov 19, 2016: This year, November 8, 2016 marked a turning point not only in the history of BJP but on India’s economy as well and the reason is none other than demonetization. The demonetization of India followed by the devaluation of China shows that the two most powerful developing countries are into some serious drive of setting their own examples in world politics. When 86% of currency notes in a country of 1.3 billion people are rendered illegal tender in a matter of hours, it is bound to create a short-term disruption in daily lives.
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Prime Ministers repeated speeches and thanking his people or their constant co-operation is even going in vein as the money supply is too short of demand. It is becoming an issue for the small traders, middle class and the poor at large. Moreover, the speedy transition in withdrawal and deposit are acting as an insult to injury. The information is resting on the educated mass while the poor ones are getting depressed at repeated shocks. There are certain consequences as listed below:
The biggest cash crunch is experienced by the Automated Teller Machines (ATM) which are still lagging in the reconfiguration of new 500 and 2,000 notes. In order to reconfigure 220,000 cash machines in India at least a period of one month is required, according to Mr. Navroze Dastur, the managing director of India and South Asia at NCR Corporation. It supplies about two-thirds of country’s machines. Dastur said it will take as much as a month to adjust all the ATMs.
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Most successful way to hide one’s black income is by purchasing gold. This will not only put a white mark on the black spot but will be a safer asset for the long run. Thus a new gold rush also emerged soon after Modi’s announcement. “Jewellers who had shut shop for the day on Nov. 8 had to reopen their stores within a couple of hours and were selling gold up to 4 a.m,” Chirag Thakkar, a director at gold wholesaler Amrapali Group said by phone from Ahmedabad in Modi’s home state of Gujarat. “Customers were lining up with bags of cash. Some jewellers even had to call the police to organise the crowds.” Customers paid as much as 52,000 rupees per 10 grams, almost double the current prices, he said. In order to curb the situation, all the gold shops are closed as of now. Thus, bringing a halt to the gold market, which is incurring the loss for a week now.
Re-employment of the Retirees
Banks are under huge pressure of masses and their huge responsibilities. The extreme mass pressure is complimented by the lack of cash which is adding to the chaos. The State-run banks have called their retired employees to handle the pressure of exchanging money. Bank employees have been working long hours without breaks to ease the transition, and the government has told lenders to provide them with transportation and food, All India Bank Employees’ Association General Secretary C H Venkatachalam said over a call.
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Inputs of religious institution
The Government has requested the religious institution to donate their cash of lower denomination to meet up the cash crunch. Martin De Porres church in the Ernakulam district of Kerala, a south Indian state, decided to open its donation boxes after seeing the public’s suffering, Jimmy Poochakkatt, the parish priest, told India Today magazine. Shree Dharma Shastha Mahavishnu Temple in Mumbai also opened its offering box, Raghunath Raghavan, president of the temple trust said by phone. According to Finance Ministry, for easing out the tension and bringing back the money in circulation, the money lenders are also reaching out to religious places to ask them to deposit funds given by devotees.
Cash supply to the remote areas of the country are undertaken by the Defense Jets. “Depending on urgency, security and non-availability of commercial aircraft, requests for support from the Indian Air Force is within standing procedures,” a spokeswoman for Reserve Bank of India said.
Currency notes are usually transported from printing presses owned by the central bank to some 4,000 vaults around the country and then to bank branches in specially-built trucks with gunners for security. Since the crackdown, new currency bills have had to be airlifted by helicopter from Patna after reports of shortage in Bokaro and Jamshedpur, a finance ministry official said.
Naveen Gupta Secretary General of All India Motor Transport highlighted that nearly 9.3 million trucks were abandoned by the drivers midway after eight days of the announcement as they were in short of cash. India’s roads carry about 65 percent of the country’s freight. Drivers don’t have enough money for food, truck maintenance and to make payments at border check posts. “It will take a few more days for the situation to normalise,” Gupta said in an e-mailed statement.
In Delhi, Mumbai and Bangalore, Starbucks Corp. has been serving free coffee to people waiting for many hours in queues in front of ATMs and banks, a spokesman for the company said.
Over demand of Rolex
Soon after PM Modi’s announcement of demonetization, there was a rush for buying costly stuff to cover up the black earnings. Demand for Rolex watch was one of them. One luxury watch outlet in north-west Mumbai saw 45 units of Rolex watches sold on a single day, according to a representative of a watchmaker, who was present when the sales took place. Demand matched what the shop would usually sell in a month and the store had to turn away customers, the person said, asking not to be identified because the person is not authorised to speak to the media.
– by Shivam Thaker of NewsGram with inputs from agencies. Twitter: @Shivam_Thaker
A Travel Sustainable badge, provides highly coveted information to travellers all over the world looking to make more sustainable travel choices. Booking.com has launched the Travel Sustainable Badge, a first of its kind in the industryNinety-eight per cent of Indian travellers say they want to stay in a sustainable accommodation in the coming year, and with more than 28 million listings on Booking.com, the company sees a huge opportunity to highlight more of the impactful efforts its partners are making to create more sustainable experiences, making it easier for travellers to find a sustainable way to stay.
Booking.com has launched the Travel Sustainable Badge, a first of its kind in the industry | Photo by yousef alfuhigi on Unsplash
With 88 percent of Indian travellers indicating that they would be more likely to choose a specific accommodation that implements sustainable practices, it rewards and encourages providers to take the next steps on their individual sustainability journeys. "Building a truly sustainable travel industry will take time, coordination, and concerted effort," said Marianne Gybels, Director of Sustainability at Booking.com. "However, progress is possible through continued innovation, partner support, and industry collaboration."
"We are recognising the sustainability efforts of a broader range of properties globally in a credible and transparent manner for consumers." Displaying the practices they have in place allows everyone to make a more informed and hopefully more sustainable decision for their next trip, no matter where they want to go. As a result, we've inspired even more of our partners to take the next step toward more sustainable operations."
(Article originally published on IANSlife) (IANS/MBI)
Keywords: travel, sustainable travel, india, travellers, innovation.
South Korean game developer has introduced a new initiative for Battlegrounds Mobile India (BGMI) which will enable a new level of parental control via time limitations and OTP confirmation. The 'Game Responsibly' initiative will also show warning messages along with break reminders, game limits and more. "Every player, below the age of 18, needs to register a parent or a guardian before they start playing for the first time. An OTP will be sent to the registered person's number, post which the minor is allowed to play the game," the company said in a statement.
Some games can get intense and make players lose track of time. However, with timely break-time reminders, the developer has made sure players get the required downtime. These reminders will help them look up from their game and get back to real life, maintaining a healthy game-life balance. In addition, with a strict gameplay limit in place players below 18 years must not indulge in gaming for more than 3 hours per day. This automatically helps them treat gaming as an activity performed in moderation.
The brand has also set an in-game daily spend limit of Rs 7,000 that automatically stops them from overspending and overgaming. Krafton recently announced that it has removed 25 lakh accounts in just over a month to eradicate cheating on Battlegrounds Mobile India (BGMI). Since the last announcement, between October 1 and November 10, Krafton banned 25,19,692 accounts permanently and 7,06,319 temporarily. "The company has cleaned out most of the cheaters in the game, making BGMI a much more fun experience, and will continue to take whatever step is necessary to keep BGMI fair and fun," it claimed. (IANS/ MBI)
Keywords: BGMI, parental control, Battlegrounds Mobile India, Krafton, South Korea
By Vinoda Kumary
The rise in air pollution, coupled with lousy lifestyle habits, is causing a spike in respiratory diseases. According to a Lancet report, the contribution of chronic respiratory diseases in India increased from 4.5 per cent in 1990 to 6.4 per cent in 2016. With respiratory issues on the rise, there is an increased demand for natural solutions to treat such issues. Instead of conventional medicine, people are turning to alternative medical therapies to find cures for ailments.
Common Lung Disorders
Bronchitis is a health condition that causes inflammation in the airways of the lungs. This leads to narrowing of the air pathways and excess mucus causes wheezing, coughing and difficulty breathing. It is a chronic condition that interferes seriously with daily life.
Bronchitis is a health condition that causes inflammation in the airways of the lungs. | Wikimedia Commons
Chronic Obstructive Pulmonary Disease (COPD)
It is a chronic inflammatory lung disease that obstructs the airflow to the lungs. Symptoms of COPD include breathing difficulty, mucus (sputum) production, coughing, and wheezing. It can result from long-term exposure to irritating gases or particulate matter, most often from cigarette smoke. Those affected by COPD are at an increased risk of developing lung cancer, heart disease, and a variety of other conditions.
Symptoms of COPD include breathing difficulty, mucus (sputum) production, coughing, and wheezing. | Pixabay
This is another variation of COPD. Bronchitis causes a similar build-up of mucus that can cause inflammation and coughing. The lungs' airways are constantly inflamed as chronic bronchitis often lasts for months on end. Symptoms of chronic bronchitis include incessant coughing, whistling sounds while breathing, wheezing and a tightening of the chest. It is said that the cure for all ailments is available the natural way. Here are some of the alternative medicine approaches to treat respiratory disorders.
This is another variation of COPD. Bronchitis causes a similar build-up of mucus that can cause inflammation and coughing. | Needpix
Alternative Medicinal Approaches to Treat Respiratory Disorders
Asthma is one of the most common lung diseases. One of the primary causes of asthma is allergies, which often result from the food consumed. It is crucial, therefore, to first prepare a diet that is suitable for an individual. Often, dairy products, meats, and certain nuts can increase the production of mucus. Foods like these must be avoided. Also, antioxidants can prevent damage resulting from chronic obstructive pulmonary disease. Diet is important in this regard, as fruits and vegetables high in Vitamins A, C, and E can improve the condition of COPD patients.
Diet is important in this regard, as fruits and vegetables high in Vitamins A, C, and E can improve the condition of COPD patients. | Photo by Bruna Branco on Unsplash
Yoga and Exercise
Treatment of lung disorders often involves the use of the lungs to promote healthy breathing habits. Exercises like cycling, swimming, yoga etc. that create a need for full capacity breathing are of great importance. Exercising the diaphragm is important and simple activities can go a long way in the treatment of the same. Pranayama, the practice of controlled breathing, is an integral part of alternative treatment for people suffering from respiratory issues. This extensive breathing practice helps to expand the lungs and improve the capacity of the lungs, which helps an individual breathe more freely.
Treatment of lung disorders often involves the use of the lungs to promote healthy breathing habits. | Photo by kike vega on Unsplash
Nasal irrigation systems like JalNeti using a Neti pot can help to rinse the sinuses, which may provide some relief from symptoms of respiratory allergies.
Nasal irrigation systems like JalNeti using a Neti pot can help to rinse the sinuses, which may provide some relief from symptoms of respiratory allergies. | Photo by CDC on Unsplash
The traditional Chinese practice of acupuncture involves inserting thin needles into the skin to stimulate certain parts of the body. According to a study published in the journal Annals of Allergy, Asthma and Immunology, people with allergic rhinitis who were given acupuncture treatments twice a week for eight weeks had fewer symptoms than those administered placebo.
People with allergic rhinitis who were given acupuncture treatments twice a week for eight weeks had fewer symptoms than those administered placebo. | Photo by Katherine Hanlon on Unsplash
It is important to remember that no one complementary or alternative therapy works well for everyone with respiratory issues. Therefore, a proper assessment is done before deciding on the approach to the treatment plan. For those considering alternative medicine for their respiratory problems, it is recommended to speak to an expert first and discuss the approach that may work best.
(Article originally published on IANSlife) (IANS/ MBI)
Keywords: Yoga, exercise, Nasal Irrigation, Diet, Chronic Bronchitis, Respiratory Issues