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- On September 5, 2013, Rajan took charge of Governor of India’s central banking institution
- Raghuram Rajan graduated in electrical engineering from IIT Delhi
- Under Raghuram Rajan, the RBI licensed two universal banks and approved eleven payments banks
Raghuram Rajan is one of the technically financial people to grace the Indian economy and banking sector. He came at the time when the Indian economy was in the worst crisis ever faced in last decades. Through his meticulous planning, he banked on reforming and stabilizing the financial situation in the nation. On September 5, 2013, Rajan took charge of Governor of India’s central banking institution, succeeding Duvvuri Subbarao.
Raghuram Rajan was born on 3 February 1963, in Bhopal, Madhya Pradesh in a Tamil family. His father was a senior officer in the Intelligence Bureau department. He is married to Radhika, a classmate from IIM and has two children.
Raghuram Rajan graduated in electrical engineering from IIT Delhi and then he joined Tata Administrative Services as a management trainee. However, he soon left this to pursue a doctoral program in management at the MIT Sloan School of Management. After that, he acquired a Post Graduate Diploma in Business Administration from IIM, Ahmedabad in 1987 and later Raghuram Rajan did his PhD from the Massachusetts Institute of Technology.
During his academic days, he won the Director’s Gold Medal in IIT Delhi and was a Gold medalist at IIM Ahmedabad. Even after being so bright, he admitted of having poor command over the Hindi language.
Take a look at some of the aspects related to the life of one of the genius economist of India:
- After Raghuram Rajan joined as the Governor of the RBI, the rupee rose 2.1 percent against the US dollar. Before that, the rupee had weakened sharply against the dollar, hitting almost Rs 69 to a single dollar.
- To bring down the inflation, the RBI under Rajan adopted the Consumer Price Index (CPI) despite the Central Government’s disapproval. Consequently, the CPI dropped from 9.52 percent in August 2013 to 5.24percent in April 2016, accompanied by the required drop in global commodity prices.
- Under Raghuram Rajan, the RBI licensed two universal banks and approved eleven payments banks. It was done to extend the country’s banking services to the two-thirds of the population, who were until then still deprived of basic banking facilities.
- Raghuram Rajan has the privilege to be appointed as the youngest-ever Economic Counselor and Director of Research (chief economist) at the International Monetary Fund (IMF) from October 2003 to December 2006.
- During his stay at IIT Delhi, Raghuram Rajan was the head of the student’s council.
- Raghuram Rajan was ranked by his fellow mates as the economist with ‘the most important ideas for a post-crisis world’ in a 2011 poll in The Economist.
- Raghuram Rajan has the distinction of being featured on Foreign Policy magazine’s Top 100 Global Thinkers list in 2010 and 2012.
- Raghuram Rajan has also served as a professor in the University of Chicago’s Booth School of Business in the economics faculty. Before leaving the position due to public service commitments, he was awarded the accolade in 2007 which he held till 2013.
- Raghuram Rajan was appointed as the Vice-Chairman of Bank for International Settlements (BIS) on 9th November 2015. The bank was established as an international company by shares of the central banks of different countries. The bank provides banking facilities to the central bank and is also regarded as the key bank of the central banks.
- Raghuram Rajan authored a very popular book, ‘Fault Lines: How Hidden Fractures Still Threaten the World Economy,’ was awarded the Best Business Book of the Year in 2010 by Financial Times-Goldman Sachs. This book argued that serious flaws in the economy are to blame for the current economic crisis.
- Raghuram Rajan was awarded the inaugural Fischer Black Prize by the American Finance Association in January 2003. The award is given to the financial economist under the age of 40 who has made the significant contribution to the sector and is given in every two years.
- In 2005, Raghuram Rajan presented a theory outlining the looming financial dangers and risks associated with the current system and he got a very negative response for it. But when an actual global economic crisis occurred in 2008, his analytical skills came true.
- During Raghuram Rajan’s term as the RBI(Reserve Bank of India) governor, the RBI sold the longest ever government bonds with a 40-year maturity.
- In September 2003, Raghuram Rajan became the youngest ever to be appointed as the Economic Counselor and Director of Research (Chief Economist) of the International Monetary Fund.
- Raghuram Rajan has served at the University of Chicago’s Booth School of Business as the Eric J. Gleacher Distinguished Service Professor.
Facebook-owned WhatsApp may soon ask users to verify their identity to make payments on the platform. According to XDA Developers, new strings spotted in the latest WhatsApp beta release suggest that the messenger will require users to upload verification documents to continue using payments on WhatsApp. Currently, when users set up WhatsApp Pay in India, the service only verifies the phone number linked to your bank account to enable UPI-based transactions. In Brazil, the messenger uses Facebook Pay to validate users' credit or debit cards to facilitate payments.
At the moment, the service doesn't require users to submit any identity verification documents to make payments. However, that might change soon, the report said. WhatsApp v18.104.22.168 beta includes a few new strings which suggest that users might have to submit identity verification documents to continue using payments.
The identity verification might be limited to those who use WhatsApp Pay to receive payments for their businesses. UPI-based apps, like Google Pay, PhonePe and even WhatsApp Pay don't require users to submit any documents to transfer or receive money. However, wallet apps like PayTM do ask for KYC verification as per RBI guidelines.
WhatsApp is yet to make an official announcement regarding this change. Since the new strings have just made their way to the beta version, it might be a while before the company reveals any details, the report said. (IANS/ MBI)
Keywords: WhatsApp, UPI, payments, verify, identity, documents
By Rajesh U. Pandya
Although the world is recovering from coronavirus pandemic, we must not lower our guards and stay alert when it comes to hand hygiene to curb the spread of the deadly virus. But are we paying sufficient attention to our nail hygiene? Our nails are the index of well-being for our entire body. The manifestations of several critical diseases were first detected within the dirty nails.
The ignorance towards our nails becomes the breeding ground of harmful bacteria. These germs enter our body through our hands because in India we eat through our bare hands. Therefore, nail hygiene is crucial and without it hand hygiene is incomplete.
Practising good nail hygiene involves following a systematic process to ensure the longevity of our nail health. It includes ensuring that food particles, dirt and dust are not sticking to our nails and there is no build-up of nail bacteria. Thankfully, contrary to popular belief, it is not that difficult to maintain good nail hygiene. A little diligence, awareness and attention are sufficient to keep our nails healthy.
Avoiding nail hygiene makes you prone to viral infections
Due to constant negligence towards the cleanliness of the nails, many serious issues like bacterial and viral infections arise. Often these lead to serious health problems. Our hand hygiene is not perfect till the time we clean the undersides of our nails besides washing hands regularly. Most people don't mind sharing nail clippers with others. This is however an extremely unhygienic practice. When we don't share any of our personal hygiene products then why do we share our nail clippers? Nails harbour abundant germs, bacteria and viruses and sharing nail clippers is equivalent to exchanging those microorganisms.
Nails harbour abundant germs, bacteria and viruses and sharing nail clippers is equivalent to exchanging those microorganisms.| Photo by CDC on Unsplash
Keep fingernails dry and clean
It prevents bacterial and fungal infections from growing under our nails. It has been observed that prolonged exposure to water can break nails. It is always recommended to wear cotton-lined rubber gloves when washing dishes, cleaning or using harsh chemicals. In order to follow good nail hygiene, we have to be careful about our nail care products. Use a sharp stainless-steel nail clipper with a grime remover, that can remove the hidden germs and grime below the nails. Trim nails straight, then round the tips into a gentle curve. Always wash hands and under nails with soap and water after a nail clipping session.
Always wash hands and under nails with soap and water after a nail clipping session. Photo by rashid khreiss on Unsplash
Keep hands and nails moisturized to avoid the cuticles from overgrowing. Frequent use of nail paint remover, hand sanitisers and harsh soaps can result in the dryness of cuticles along with nails. Keep nails short, trim them regularly and wash hands for at least 20 seconds and then moisturize them, This will make the chance of diseases slimmer and can prevent any kind of viruses. KAI India nail clipper comes with unique features like 100 per cent stainless steel, nail filer, grime remover, nail tray and non-chromium coating making them safe and most effective for maintaining proper nail hygiene.
Here are some of the more ways through which we can keep our nail hygiene intact, thereby protecting it from the damage to nails:
* Stay away from chewing fingernails: It has the potential of damaging the nail bed as a minor cut can cause infection. Moreover, when we bite our nails, germs enter our mouths directly.
* Be gentle towards hangnails: Never pull off your hangnails. Rather, be gentle towards them and carefully clip them off. Stop using those products which are harsh on nails. Always go for acetone-free products.
* Go for a regular nail checkup: If you have a persistent nail problem, consult a doctor or dermatologist for an evaluation.
* Do not share: Try not to share your nail clipper, as they contain germs. Wash the nail clipper with lukewarm water and wipe with a soft cloth. (IANS/ MBI)
Keywords: Nails, hygiene, covid, clipper, products, infections
Gambling has always been one of the most popular sports among people. It is not limited to one group of people, the sport doesn't require the players to have any qualifications besides being a certain age and above depending on the country, men, women, young, old, wherever you come from, whoever you are, we're all equal as players on a casino table. Many casinos now have online sites for their players to enjoy the games at their comfort and leisure.
Online Casino games have become one of the best ways for people to spend their free time. Especially during the pandemic when the world was put under lockdown casinos shifted online and the punters have enjoyed the same entertainment and excitement sitting at their homes. Online gambling games are becoming increasingly popular in the 21st century because this generation prefers to spend time indoors with their online friends. This has inevitably led to the creation of thousands of games to fulfil the rising demand of millions of online players.
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So, what is the reason why Online Casino Games are so popular?
Online Gambling platforms offer hundreds of casino games for the player to choose from that too from some of the best providers in the industry. They provide you with a range of games like baccarat, blackjack, slots, poker and many more. Being online also means that a player can go straight into the game without having to wait for their turn. One can freely enjoy the experience of an actual casino without getting out of their house.
Online Gambling platforms offer hundreds of casino gamesPixabay
Online gaming platforms understand the doubts of their player regarding making online transactions of money as their afraid of their data being stolen. Thus, to build a trusting relationship with their customers, most platforms make sure that they are secured with encryptions and firewalls to prevent loss of data. To name one BetRivers is one of the platforms which safe and easy to use.
In a land-based casino if run into some problem or need assistance from your host you'll need to stop playing, reach out to the information desk, convey your problem and wait until someone comes to solve your problem which is not the case for online gaming platforms. On just one tap customer service is available 24/7 for their players on online platforms.
Covers a large area
Again, in a land-based casino, a player must go to the building themselves. Some casinos may only have one building while some have their branches in different cities and countries. But online casinos invite players from numerous countries from wherever they are to play the games at their comfort. BetRivers online casinos are available for players from different countries from Pennsylvania, Indiana, Colorado, Illinois, Michigan, Virginia and more
Any person with a tablet, desktop, smartphone and internet connection can easily access the games and play online. Online casinos give the players to enjoy the games at any time and anywhere they like.
Chances of winning
If a player has zero chances of winning one can't call it gambling. Online casino games provide the player with several combinations of risk and rewards where they can lose the money or win the money put on the table. Players have to pay a minimal fee to get a chance to win, the higher the money you put on stakes the higher is the reward for winning. For example, a player can sometimes win an outrageous amount of money while playing slots and in games like blackjack which has the best odds of winning that has a low house edge one can for sure win some amount of money.
The majority of players play casino games to enjoy the adrenaline rush, have fun or simply just casually kill their free time. In today's world, online casinos have emerged as safe, secure, fun, and amazing platforms for player to access their games online and win some profit while playing.