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davidbuttler09 · 3 months

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Unlocking The Mysteries: Average Salary And Benefits Of Grade B Officers In RBI

When it comes to prestigious government jobs in India, the role of a Grade B officer in the Reserve Bank of India (RBI) stands out. As a central bank, the RBI plays a crucial role in the nation's economic stability, and Grade B officers are an integral part of this institution. In this article, we delve into the intricate details of the average salary and benefits availed by a Grade B officer in the RBI, shedding light on the perks and privileges that come with this coveted position.

Understanding The Role

Before we dive into the financial aspects, it's essential to comprehend the responsibilities of a Grade B officer. These professionals are tasked with crucial roles in areas such as banking supervision, regulation, and policy implementation. They act as a bridge between the top management and the operational staff, ensuring the smooth functioning of various departments within the RBI.

Average Salary Structure

The salary structure of a Grade B officer in the RBI is designed to attract and retain top talent. As of the latest available information, the basic pay for a Grade B officer is in the range of Rs. 35,150 to Rs. 62,400 per month. Additionally, they receive allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), and other special allowances.

Dearness Allowance (DA)

DA is a crucial component of the RBI Grade B salary. It is revised quarterly based on the Consumer Price Index (CPI). This ensures that the officers are compensated in accordance with the cost of living, providing them with a fair and dynamic income structure.

House Rent Allowance (HRA)

Given the diverse locations where RBI offices are situated, HRA becomes a significant part of the overall compensation. The HRA is a percentage of the basic pay and varies depending on the city of posting. It's aimed at facilitating accommodation for officers and ensuring their well-being.

Special Allowances

Apart from the basic pay, Grade B officers receive special allowances that contribute to their overall income. These allowances are designed to acknowledge the specialized nature of their roles and the skills required to fulfill them.

Perks And Benefits

In addition to the salary structure, Grade B officers enjoy a range of perks and benefits that enhance their overall employment experience. Some notable benefits include:

Medical Facilities

RBI provides comprehensive medical facilities for its employees, ensuring their well-being and that of their dependents. This includes coverage for various medical treatments, hospitalization, and other healthcare needs.

Accommodation

Grade B officers are eligible for RBI's accommodation scheme, providing them with suitable housing options. This alleviates the stress of finding accommodation in cities where the cost of living can be high.

Leave Policies

RBI offers generous leave policies, including casual leave, sick leave, and earned leave. This ensures that officers can maintain a healthy work-life balance and attend to personal and family needs when required.

Provident Fund And Pension

Like many government institutions, RBI provides a robust provident fund and pension scheme. This long-term savings plan ensures financial security for Grade B officers post-retirement.

FAQ

Q1: How is the Dearness Allowance (DA) calculated?

A1: DA is calculated as a percentage of the basic pay and is revised quarterly based on the Consumer Price Index (CPI).

Q2: Can Grade B officers choose their place of posting?

A2: While officers can express their preferences, the final decision regarding the place of posting rests with the RBI based on organizational needs.

Q3: Is the accommodation provided by RBI optional?

A3: Yes, officers have the option to either avail of RBI's accommodation or choose private accommodation. The accommodation scheme is designed to provide convenience and financial support.

Conclusion

In conclusion, being a RBI Grade B officer not only comes with a sense of responsibility and prestige but also offers a competitive and attractive salary package with various perks and benefits. The financial remuneration, coupled with the comprehensive support system provided by the RBI, makes this position highly sought after in the realm of government jobs in India. Aspiring candidates should not only be drawn to the challenges of the role but also appreciate the holistic compensation package that accompanies it.

#rbi #rbi news #rbi grade b #reserve bank #india #syllabus #salary #rbi salary

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ultimateketomealplan · 2 years

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Govt Hikes Dearness Allowance by 14% for These Railway Employees; Know Details

In a bumper news for lakhs of railway employees across the country, the central government has increased their dearness allowance along with the release of arrears, under the Sixth Pay Commission. The allowance has been increased by 14 per cent, according to an official notification. “The rate of DA admissible to railway employees of above category shall be enhanced from the existing rate of 189…

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bengalbytes · 3 years

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52 lakh central government employees - a big gift for 60 lakh pensioners!

52 lakh central government employees – a big gift for 60 lakh pensioners!

A meeting on the DA is scheduled for later this month Bangla Editor | News18 Bangla | June 13, 2021, 1:05 AM IST 1/ 8 Great news for central government employees! There are 52 lakh central government employees and 60 lakh central government pensioners waiting for the Dairy Allowance (DA). Symbolic image 6 2/ 8 It has been learned that you can get a big gift very soon The National Council of…

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#7th Pay Commission #Abhishek Banerjee is the new general secretary of Trinamool Congress #Abhishek Banerjee the All India General Secretary of All India Trinamool Congress #According to source Narendra Modi Government is going to clear DA of central government employees under 7th Pay Commission #Bed shortage in Hospitals #Black Fungus #Business #Central Government Employees DA #Corona cases in Bengal #Corona cases in India #Corona Second Wave #Corona Second Wave Impact #Corona Second Wave in India #Corona Vaccine #Coronavirus #covid 19 vaccine #COVID-19 #Enhancing DA of central government employees #Following the recommendations of the Seventh Pay Commission #Mamata Banerjee over Coronavirus Second Wave #Mamata Banerjee over Covid-19 #Mukul Roy rejoined TMC #Narendra Modi #Narendra Modi Government #Oxygen shortages in Hospitals #Sources say the Narendra Modi government is going to give expensive allowances or DAs to central government employees following the recommen #the Narendra Modi government is on the verge of increasing the expensive allowances or DAs of central government employees.#Under 7th Pay Commission Narendra Modi Government is going to clear DA of central government employees #Yello Fungus threats

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fieldsmcdowell10-blog · 5 years

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Ontology Wallet

Ontology was created since a risk-free blockchain project to support corporate and business demands, providing a way to be able to shield their systems together with their records. Ontology will be a Blockchain-as-a-Service (BaaS), delivering the blockchain to corporations in a way of which they can benefit by the spread and decentralized nature with the blockchain ledger. It is related for you to NEO and will employ a dual token system just where ONT is equivalent to NEO and even ONG is usually equivalent to GAS, supplying power for the community. Ontology Review: Introduction Typically the company guiding Ontology is definitely called Onchain, in fact it is a new Chinese technology firm that will has been involved inside building blockchains and sent out network structures for business enterprise usage due to the fact 2014. This co-founders associated with Onchain are usually Da HongFei, who is usually the CEO on the job, and Erik Zhang, who is the CTO with the project. The two had been also this creators connected with Antshares the government financial aid April 2016, which after became NEO. They put in nearly a couple of years within the creation involving the Antshares blockchain. Within November 2017 Ontology has been launched by Onchain. Although both NEO and Ontology were created by the same two of individuals, there are distinct variations among the two networks. Windows Wallet ONTOLOGY �s also important to be aware that they are independent projects. NEO doesn�t personal Ontology, and even Onchain is really a separate company through the Ontology Network. Ontology is special because the idea isn�t seriously a single blockchain, nonetheless is rather a good network of blockchains. It was designed to easily move exclusive enterprise platforms to be able to a blockchain distributed ledger with no disturbance or compromise of the programs. You can think involving it as a private place within the planet of public blockchain and it gives enterprises each of the technology associated with the blockchain and no compromises about security. On the subject of parallels among Ontology and even NEO there are several. Equally were made to be competitors to Ethereum, and both are constructed as smart contract tools ready of hosting decentralized apps. Oncology is recommended to address a significant problem with Ethereum in terms of enterprise usage. You see, Ethereum is open source, which usually is perfect for decentralization, nonetheless bad for businesses who are hesitant to have confidence in a good open source option with their private information. Furthermore fixing the condition firms have with Ethereum, Ontology is also designed as being a bridge between NEO plus existing legacy methods. It is also unconcerned with its money turning out to be consumer-facing like Bitcoin and a lot other cryptocurrencies. It is merely concerned with appearing able to serve organization users and that tends to make it different from almost all other blockchain plans. Remarkably, it�s expected that this lack of concern with the particular consumer sufficient reason for trading deals could help help often the price of the Ontology symbol, but we�ll have more directly into that afterwards when we look into the ONT and ONG cryptocurrenies, his or her value and their party from cryptocurrency markets. Ontology Review: Use Case Situation So far everything I�ve discussed is theoretical, thus I think this would certainly be helpful to demonstrate precisely how Ontology is each practical and needed by way of businesses. For this, many of us need to fully grasp exactly how enterprise business programs work in the real world. This specific can be done while using the mortgage industry as a good example of this and will present how the mixture of NEO and Ontology is definitely critical competition for Ethereum. Thus, we already know of which Oncology is actually some sort of network involving blockchains rather than a individual blockchain. This allows it to work in a fashion equivalent to fog up storage space, which usually is utilized by way of quite a few organizations and even gov departments. When cloud storage is utilized, info can be restrained so that only approved end users can easily access certain version file directories and databases. This is much how latest enterprise techniques work. Working with the mortgage industry like an example it�s essential to note that a lot of loan repairs functions are outsourced instead of being done by the financial institution (i. age. Freddie Mac or perhaps Fannie Mae) or perhaps however, mortgage loan service company (i. electronic. Bank of America). Nearly all the servicing is accomplished by third-party outsourced vendors. Functions well and will be efficient, but as you may well imagine, the company such as Bank of The us is not going to give outside the house vendors complete access to be able to their very own techniques. That would likely be the big break of safety measures. Besides, there is no reason for distributors to have complete gain access to to the financial institution of The us devices. So , Bank of The usa stores and has access to files via a series involving proprietary software systems. Inside Bank of American employees who are tracking mortgage loan or maybe insurance data might obtain that data via the special proprietary program from Faithfulness National Information Services. Third-party agents could also access this files in a limited trend through a web webpage designed to allow access to get additional agents. Even tight accessibility is granted through the use of an additional, different web web site. All of the systems are synched and updated daily (or possibly hourly or around real-time). This is accomplished by way of a series of queries to help the centralized Loan company regarding America database. Also within Bank of The united states very few people would currently have full access to typically the system to maintain bank checks and balances. Migrating this kind of entire infrastructure is really impractical to the level of getting impossible. Banks, insurance firms, hospitals, governments and other institutions wish to keep their particular information private for a variety of causes from consumer defense to regulatory compliance in order to trade tricks. It�s dishonest and even against the law when they allowed anyone admission to customer data. So, despite Wallet for Ontology that blockchains like Ethereum plus NEO were made in order to service organization usage, just about all web based hesitant to make use of them because they would no longer have deal with of their own data. Together with this is where Ontology gets to be useful. Ontology is similar to the proprietary custom-built program that Bank of North america uses for its financial businesses. It will present control over info plus access back to typically the enterprise. It keeps the data separate from anyone else�s and the venture will decide which records can possibly be shared with typically the NEO ledger, which then gets the public access web site. Throughout supplement, the venture could very well still run their own own concerns and information on the information to help slice that and even dice it any way they need for outside access. By keeping their Ontology blockchain individual from everyone else, private info remains tightly manipulated. OWallet for Windows have worked on company allocated ledger solutions for a great deal more than 4 many years, the particular leadership at Ontology totally understands the difficulties associated with acceptance faced by blockchain solutions looking to serve enterprise clients. Ontology was developed to specifically address the concerns of enterprises and build the technique they would sense comfortable using. The ONT and ONG Bridal party Seeing as of October 26, 2018 Ontology ONT has a total market cap just shy of $360 thousand and is the 25th most significant coin by promote cover. The total give is set at one billion ONT tokens. Just 12 per-cent of often the ONT supply is usually dispersed to the Ontology group, while 28 percent can be owned by institutional companions, 10 percent is presented with the NEO Authorities, 36 per-cent is held simply by Ontology (with 25 per cent set aside with regard to enhancement and 10 per-cent to get technical community reward), in addition to the remaining 15 per-cent was distributed to typically the Ontology core team. Ontology could not conduct a conventional ICO, although instead acquired a line associated with airdrops to holders connected with NEO in March 2018. Within addition to airdrops for you to NEO owners, there have been also gold coins airdropped to Ontology�s news letter subscribers (1, 000 ONT) and to NEO DevCon participants (500 ONT). Ont ONG Wallet Windows are planned for the upcoming. Typically Ontology ONG Wallet happen to be helped simply by many associated with the exchanges that offer ONT trading. Binance, OKEx, Livecoin, Allcoin, KuCoin, Bitfinex and Huobi all help support ONT airdrops. If you need to obtain ONT tokens the largest swap is usually Bibox, although Binance plus DigiFinex both have very good trading volume as properly. Ontology ONT Token Upgrade On June 30, 2018 this Ontology Mainnet has been launched and the existing ONT tokens, which were NEP-5 tokens within the NEO blockchain, were swapped out for the new native ONT tokens. After the mainnet presented it grew to become the dual-token blockchain, with ONT since the tradable public token, and even ONG acting just like NATURAL GAS does to get NEO, at the rear of the blockchain. ONT owners are these days able to receive ONG to get participating in network decisions. Similar to NEO, ONT is not necessarily divisible, nevertheless ONG is definitely divisible by way of multiple decimals to help use in energizing transactions on the network. ONG will be generated around a time period of twenty-two years, with 16 per cent generated in year a single, 52 per-cent developed by way of year four, and 80 percent developed by calendar year 12. Spent ONG can be redistributed to ONT hodlers. When that comes to the particular ONG token a person need to understand it can be not really the same like the onG. social ONG coin found on quite a few exchanges and on Coinmarketcap. That will coin is coming from OneName Global, a cultural mass media dashboard running about the Ethereum and SWELLS blockchains. Typically the Ontology ONG token is only used in house to force the Ontology blockchain. Ontology Review: Realization Ontology has focused to enhance trust in the earth, rendering it quicker and much easier to position trust around various choices and even institutions. This will do away from you with the lot regarding the strength that is at this time used to grow trust. In addition, it may work in conjunction along with NEO, bridging often the difference between blockchain technology and the real world. The particular two really have similar gaols, but NEO is centered on smart agreements and even digital assets, while Ontology places its focus on confidence, data exchange, consent and even identity. They are mutually beneficial and work better together, providing a perfect combination. Often the project is expected to have great results provided the experience and achievements of the current control and development teams. Plus Ontology can quickly expand for the reason that unlike additional jobs directed at the economic market just, Ontology is targeting an extensive number of industries. In fact, given the long-term eyesight and a robust presence inside blockchain market, it wouldn�t be unexpected to see the NEO/Ontology combination rise to the particular top of the blockchain ecosystem and even enhance often the business world.

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adminnewstrust24 · 3 years

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DA Hike News: Haryana government hikes dearness allowance by 28 percent, hiked rate will be applicable from July 1

Haryana Chief Minister Manohar Lal has announced to increase the rate of dearness allowance from 17 per cent to 28 per cent on the lines of the central government. The increased rate will be applicable from July 1, 2021. Haryana’s 2.85 lakh employees and 2.62 lakh pensioners will be benefited by the increase in inflation. https://twitter.com/PTI_News/status/1418884640933285889?s=20 The enhanced…

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#7th Pay Commission #aryana Chief Minister #DA Hike #dearness allowance hike #Haryana Chief Minister Manohar Lal #Haryana government

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techminsolutions · 3 years

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Dearness Allowance for Central Govt employees increased to 28% from 17%

The Dearness Allowance (DA) for Central Government and pensioners employees has been increased from 17% to 28%. This will be applicable from July 1, 2021, said Union Minister Anurag Thakur on Wednesday. This will give a financial boost to about 5 million Central Government employees, and more than 6.5 million pensioners, to enhance their spending ahead of the forthcoming festival season. The…

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moneycafe · 3 years

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Dearness Allowance for Central Govt employees increased to 28% from 17%

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phgq · 3 years

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DA, Rep. Zubiri meet to address cheap buying of corn grains

#PHinfo: DA, Rep. Zubiri meet to address cheap buying of corn grains

VALENCIA CITY, Bukidnon, Nov. 7 – Aimed to help farmers whip up a better selling price for their produce, Bukidnon third district congressman Manuel F. Zubiri sought help from the Department of Agriculture (DA-10) for a discussion focusing on the traders’ current buying prices of yellow corn and ensure long-term stable market prices.

The congressional, provincial and municipal governments of Bukidnon, corn clusters, feed millers, and DA-10 convened recently in Valencia City for a Consultation Meeting as corn grains farm gate prices have dropped even lower than its production costs.

Being the second top corn-producing province across the country, Bukidnon has posted a production of 714,673 metric tons (MT) of yellow corn last year, based on Philippine Statistics Authority data.

In mid-September this year, average farm gate buying price for yellow corn ranged from P9.80-10.50 in Bukidnon, while it is pegged at P12.50-16.00 for feed millers and processors buying across Region 10.

Carlota S. Madriaga, regional technical director for operations of DA-10 emphasized that the agriculture department continues to work and even made number of engagements with various agri stakeholders aimed to bring up measures and strategies to help farmers demand better prices for their corn harvest and come up with a unified and harmonized action plan for Northern Mindanao’s corn industry, especially in Bukidnon.

“As early as 2018, we have directly linked the Mantibugao Agrarian Reform Beneficiaries Farmers’ Cooperative (MARBFC) of Manolo Fortich, Bukidnon with Pilmico Foods Corporation to serve a portion of said company’s requirements for animal feeds. As part of their corporate social responsibility, it is also their way of helping farmers through inclusive corn sourcing project,” Madriaga reported.

Currently, the Cooperative has a target purchase order with Pilmico a minimum of 250 metric tons at P15.00 per kilo.

In a bid to open more marketing support for Bukidnon corn farmers, Madriaga explained that the ‘big brother-small brother’ marketing strategy is also in place.

“As the big brother, MARBFC acts as a consolidator, buying the produce of its members and other cooperatives, even as far as the towns of Kibawe and Kadingilan to assist small corn farmers in selling their harvest to Pilmico, where the Cooperative buys their [small corn farmers] yellow corn at P13.00 per kilo.”

She added that other corn clusters linked to Pilmico includes Kaugayan Savers Multi-Purpose Cooperative (Impasug-ong); Salvacion Multi-Purpose Cooperative (Kadingilan); and the BFI Employees Agrarian Reform Cooperative (Don Carlos), who are now waiting for quality control results of their submitted corn samples.

Likewise, Madriaga reiterated DA Secretary William Dar’s call for local government units (LGUs) to lend a hand in stabilizing prices of the country’s major staple food crops.

For this, she urged LGUs to access loans assistance from Landbank of the Philippines to procure commodities direct from the farmers such as corn and rice, and to establish post-harvest and logistics facilities.

Congressman Zubiri, meanwhile, announced that he is pushing for a house bill to put up ‘grain centrals’ in the legislative districts, adding that he will lobby for the National Food Authority to be allowed in buying all types of grains, including corn.

Issues transpired from the forum include the availment of additional post-harvest facilities and access to road connectivity; strengthened linkages between farmers, feed millers, and processors, including the fast-tracking of payments and establishment of buying stations in strategic areas of Bukidnon; and enhanced regulations on corn imports and other raw materials for feeds.

Besides Pilmico, feed millers and processors like CJ Philippines, San Miguel Foods Corporation, and Anakciano Feedmill were also in attendance to pay heed to the concerns raised from different corn clusters and further committed to escalate these to their respective managements.

In response, they recommended to intensify farmers’ adoption of good agricultural practices to ensure quantity and quality production of corn at the same time urged corn clusters to complete all the necessary documents for them to be officially recognized as a legal entity, which could translate to greater marketing prospects.

“We have a line-up of requests for funding under Bayanihan 1 and 2, and we want that whatever we have discussed will be materialized and eventually, be allocated with funds, especially on the corn clusters’ clamor for post-harvest facilities,” Carlene C. Collado, regional executive director of DA-10 said.

The aggie department is set to conduct a meeting with the feed millers and processors to align their yellow corn requirements, including the conduct of a corn quality forum to capacitate the various corn clusters. (JLO, DA-10/PIA Bukidnon)

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References:

* Philippine Information Agency. "DA, Rep. Zubiri meet to address cheap buying of corn grains." Philippine Information Agency. https://pia.gov.ph/news/articles/1058332 (accessed November 07, 2020 at 12:21PM UTC+08).

* Philippine Infornation Agency. "DA, Rep. Zubiri meet to address cheap buying of corn grains." Archive Today. https://archive.ph/?run=1&url=https://pia.gov.ph/news/articles/1058332 (archived).

#Philippines #News #Filipino #Pinoy #Tourism #Politics #Culture #Editorial #Environment #Society #History

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priyanka16me · 4 years

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Utility Automation Market Share by Business Overview and Global Development Trends 2023

The utility automation includes various technology through which the transmission systems are made capable to meet the emerging market demands. Reliable transmission, prompt customer service, efficient controlling techniques are some of the needs met by utility grid automation. The automation has also facilitated the two way communication, security enhancement and asset management for the customers. The utility grid automation’s market can be segmented on the basis of the services and technologies. The common type of technologies used are Advanced Metering Infrastructure, Automatic Vehicle Location, Customer and Financial Information System, Demand-side Management Impact, Demand Response, Distribution Automation, Geographic Information Systems, Mobile Work Management, Motor Controls and Automation Outage Management System, Supervisory control and data acquisition (SCADA) systems, and Substation Automation.

To obtain all-inclusive information on forecast analysis of Global Market , request a PDF brochure here.

The above technologies cover all the dimensions of utility transmission and distribution network. Advanced Metering Infrastructure (AMI) provides real time data to the supplier and user about the power consumption. This data helps in making informed choices for energy saving. Automatic Vehicle Location (AVL) is used to determine the geographic location of the vehicle similar to GPS. These systems help in maximizing the safety of the employees and supports in time services for the customers. Customer and Financial Information System (CIS & FIS) have eased the workflow in utilities generating improved customer response and accurate billing. The demand response management is used for optimizing the response time and appropriating supply based on demand calculations. The Distribution Automation (DA) is being applied in many utilities to improve the core of power distribution systems. The output in the form of reliable service, reduce customer complaints and outages has increased the efficiency of utilities. The DA is being applied to the urban as well as the rural areas’ utilities.

Geographic Information Systems (GIS) can store and plot information about the electric and other systems of the utilities. This system facilitates planning, electric system modeling, outage management prediction, and inventory system management, among others. Mobile Work Management (MWM) refers to systems optimizing the operations and designing of utility. This includes the management of service orders, construction orders, project designs, audit, inspections, and implementing of the other automated technologies. Motor Automation refers to the centralized centers for motor control and may vary as local control, fully automated and integrated control. Supervisory control and data acquisition (SCADA) systems include the real time data exchange. This data help in supporting the smart grid networks. IP networks are being used for substation automation. This has benefited the data collection and calculation of fault statistics. The data can be used for taking preventive measures for equipment used in utilities.

The utility automation’s market is in its growth stage. The utility automation is being done for partially automated stations or for retrofits. However the grid efficiency, reliable power distribution and optimized customer services provided by the automation will act as major drivers in the coming years. The developing countries are being considered as the most attractive market for utilities automation. These regions have the major demand of power and the least efficient network. These factors will aid in the demand of automation and penetration will be easier in developing markets. However the huge initial investment may act as a hindrance to the market growth. Additionally there are very few vendors in the market providing integrated services. Thus to achieve substantial growth, the companies should focus on setting benchmarks and integrated solutions for the utilities.

Some of the major players providing the utility automation technologies and services are Schweitzer Engineering Laboratories, Inc., Schneider Electric, S&C Electric Company, NovaTech, LLC, Landis+Gyr, Itron, Infrax Systems, Alstom Sa, ABB, Eaton, Cisco Systems, Inc., General Electric Company and Siemens AG, among others.

REQUEST FOR COVID19 IMPACT ANALYSIS -https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=7159

http://www.prnewswire.com/news-releases/rising-international-sea-trade-will-help-bunker-fuel-market-revenue-to-reach-worth-of-us177-8-bn-by-2027-end-observes-tmr-301022269.html

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georgecmatthews · 4 years

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Six things for investors to watch in April

In the early stages of the COVID-19 pandemic, we talked about the need for an effective, global, three-pronged approach in order to achieve a “best-case scenario” outcome: 1) an appropriate health policy response to “flatten the curve” and control the spread of the virus, 2) an adequate monetary policy response to support financial markets and the economy, and 3) an adequate fiscal policy response to help soften the economic blow to households and businesses. We saw effective approaches, in different forms, in both China and South Korea. Now we are looking to other policymakers to provide effective strategies as the novel coronavirus spreads.

Given that focus, the following is our list of what to watch in April:

1. Infection rates in the US and Europe. Ideally, we want to see an increase in testing and a decrease in the growth of infection rates. The bigger, the better for both. Overall, the growth rate of confirmed coronavirus cases in the US has slowed in recent days,1 suggesting that the lockdown in most parts of the country is working. (Though it’s important to note that some states are reporting very high growth rates.) Recent results have been similarly positive in Europe, with several countries including Spain and Germany reporting their lowest growth in daily cases since the start of the pandemic. In the UK, the growth rate of new infections appears to have slowed over the weekend. However, we will want to follow this very closely in April to confirm whether this is a new trend, or a temporary dip. If it does mark a new trend, I would expect it to be well-received by capital markets.

2. Infection rates in emerging markets. The pandemic is now spreading to emerging markets countries whose health care systems are far less capable of managing such a crisis. It will be absolutely critical to ensure that the novel coronavirus does not ravage these countries and lead to political instability and supply chain disruption. India has been proactive in attempting to contain infections, but we will want to follow infection rates closely. Ecuador has been hit hard by the novel coronavirus

3. Progress on Phase 4 of US stimulus. The Phase 3 stimulus package passed on March 27 was very significant at $2.2 trillion, but there are some very legitimate criticisms of the Coronavirus Aid, Relief, and Economic Security Act (known as the CARES Act). I am particularly concerned that the one-time payment of $1,200 to qualifying US households (adjusted upwards for number of children) is not going to maintain people’s solvency for very long, especially given that such a large cohort of US households have little to no emergency savings. I believe we need to see progress being made on the fourth phase of US stimulus – and quickly. I would want further stimulus to be geared toward ongoing support of American households, distressed industries, and small businesses, and I would point to Denmark’s policy of 75% income replacement2 as the gold standard of household stimulus for this type of crisis. While such a policy is expensive, I believe it would make it far easier for economies to re-start once lockdowns end. I have heard various rumors that Phase 4 is not weeks away, but months away, and that it could be centered around infrastructure, which I do not believe would stimulate the economy quickly enough. We will want to follow this closely, as a prolonged path to further stimulus could spur a significant market sell-off.

4. FOMC minutes. It is always helpful to get inside the heads of the Federal Open Market Committee (FOMC) members. In particular, it would be helpful to get a sense of any details on the Federal Reserve’s Main Street Lending Program — an upcoming lending program for small- and medium-sized US businesses — as well as expectations about future monetary policy tools that the Fed may use.

5. Supportive central bank actions. The responses of central banks have varied in adequacy thus far. The Fed provided a very substantial level of support, including a number of credit facilities, open-ended quantitative easing (QE) and the outlines of a Main Street Lending Program, which is yet to be rolled out. Even the Bank of Canada has embarked on QE after abstaining from such a program during the Global Financial Crisis. As my colleague Invesco Chief Economist John Greenwood pointed out, “the Bank of England has provided ample liquidity to the non-bank private sector, exactly the monetary response needed in response to COVID-19. The European Central Bank (ECB) has provided a limited package to incentivize bank lending, but banks, which have been constrained in their growth over the past decade, are likely to be reluctant to expand their balance sheets at this time. Corporate bonds bought under the (ECB’s) Corporate Sector Purchase Programme will help finance the non-bank private sector, but this will be a relatively small enhancement to liquidity.” Most disappointing has been the Bank of Japan’s (BOJ) response. As John Greenwood explained, “the BOJ has offered very little in the way of anything new to help the non-bank private sector at this time, with any increases in existing programs (such as purchases of commercial paper and corporate bonds) almost trivial in size.” We will want to follow upcoming monetary policy decisions to ensure central banks are enacting policies that are supportive of the non-bank private sector, given that is the epicenter of the current crisis.

6. The infection rate in Japan and economic stimulus from the Japanese government. In the last week, the number of coronavirus infections in Japan has more than doubled, and the media is reporting that Prime Minister Shinzo Abe’s administration will announce a state of emergency momentarily. This means the government can request citizens stay in their homes, although it cannot force a lockdown. Therefore, we will want to follow infection rates in Japan closely in the month of April to see how effective Japan’s health policies are in controlling the virus’ spread. In addition, the Abe administration is expected to roll out an economic stimulus package in the next several days. It will likely include (1) a cash payment of up to 300,000 yen per household, (2) a cash payment to small- and mid-sized enterprises that do not lay off employees, which amounts to 90% of leave payment, and (3) a total 1 trillion yen payout to local governments that need to implement measures in response to the coronavirus spread. We will want to see how effective these economic measures are in bolstering consumer and corporate confidence.

Two items of lesser long-term concern

There are other metrics that have garnered headlines in recent days, but in my opinion following them is of lesser importance, as we know they will get worse before they get better.

1. Initial jobless claims in the US and the April jobs report. There is a lot of nervousness in the US around unemployment following the very disappointing March Employment Situation Report. This report reflects the job market between mid-February and mid-March and was expected to show a smaller hit to the economy given that “lockdowns” in the US didn’t ramp up in earnest until later in March. However, the report revealed that the unemployment rate had already risen to 4.4%, up from 3.5% in February, suggesting the situation may get much worse in the April jobs report.3 Some economists are projecting that the unemployment rate could even top 30% in this crisis — which would surpass the 25% unemployment rate4 reported during the Great Depression. However, I must stress my view that this is not another Great Depression. The 25% figure during that event was an average rate over the course of a year — 1933. And it was nearly the same level in 1932 (23.6%). This situation is far different, in my view. I believe that an unemployment rate of 20% to 30% would likely only last several months given that this crisis, with proper health, fiscal, and monetary policy, should be short-lived.

2. Eurozone PMIs for April. The final Purchasing Managers Index (PMI) data for March was released last week, and it was more disappointing than expected. Eurozone services PMI experienced a freefall from 52.6 in February to 26.4 for the final March reading, with Italy and Spain experiencing particularly bad numbers.5 However, while I expect this data to get worse in April, I caution investors to not be too rattled by it. In my view, the silver lining is that a severe drop in economic activity suggests that public health protocols to contain the virus are being adhered to. What we have learned from the experience of China is that the sooner that health guidelines are strictly followed (along with the resulting cessation in economic activity), the sooner the virus’ growth can be controlled and economic activity can resume.

Conclusion

In short, there is much to be encouraged about in the midst of a very difficult period. There is a light at the end of the tunnel and, while faint, it appears to be growing brighter. April will be a critical month to confirm this.

And, while the focus of this blog is on global markets, I would like to take this opportunity to thank the health care workers on the front lines of this crisis around the globe. They and other essential workers are heroes and deserve our deepest gratitude.

1 Source: Johns Hopkins University

2 Source: Bloomberg News,” Denmark Will Compensate Private Wages to Avoid Virus Layoffs,” March 15, 2020

3 US Bureau of Labor Statistics, as of April 3, 2020

4 Source: US Bureau of Labor Statistics

5 Source: IHS Markit

Important Information

Blog header image: da-kuk / Getty

Quantitative easing (QE) is a monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective.

The Eurozone Services PMI (Purchasing Managers’ Index) is produced by IHS Markit and is based on original survey data collected from a representative panel of around 2,000 private service sector firms. National data are included for Germany, France, Italy, Spain and the Republic of Ireland.

The opinions referenced above are those of the author as of April 6, 2020. These comments should not be construed as recommendations, but as an illustration of broader themes. Forward-looking statements are not guarantees of future results. They involve risks, uncertainties and assumptions; there can be no assurance that actual results will not differ materially from expectations.

from Expert Investment Views: Invesco Blog https://www.blog.invesco.us.com/six-things-for-investors-to-watch-in-april/

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vsplusonline · 4 years

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Rupee pares initial gains, settles 27 paise higher at 74.89 against U.S. Dollar

New Post has been published on https://apzweb.com/rupee-pares-initial-gains-settles-27-paise-higher-at-74-89-against-u-s-dollar/

Rupee pares initial gains, settles 27 paise higher at 74.89 against U.S. Dollar

The Rupee pared its initial gains to settle 27 paise higher at 74.89 (provisional) against the U.S. dollar on Friday after the Reserve Bank of India (RBI) announced various measures to stimulate growth amid coronavirus-induced lockdown in the country.

Impact of COVID-19 on the global economy – The Hindu

Forex traders said stimulus measures announced by the RBI and FPIs turning net buyers in capital markets boosted investor sentiment.

However, there are still concerns over the impact of coronavirus (COVID-19)outbreak on the domestic- as well as the global economy.

The Rupee opened on a positive note at 74.60 and touched a high of 74.35 in late morning trade. Later, it erased the gains to end 27 paise higher at 74.89 against the American currency.

Nirmala Sitharaman announces ₹1.70 lakh crore package for poor

During the day, the domestic unit touched a high of 74.35 and a low of 75.40.

The RBI on Friday cut benchmark interest rate by 75 basis points to 4.4%. The Central bank also reduced the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3% with effect from March 28 for 1 year.

RBI Governor Shaktikanta Das said all instruments – conventional and unconventional – are on the table to support financial stability and revive growth and noted that ₹3.74 lakh crore liquidity will be injected into the system through various measures announced on Friday.

Sensex snaps 3-day rally, ends 131 points lower on recession fears

“These measures could elevate sentiments temporarily but the main impact will be visible post the lifting of lockdown. Thus, we see USD/INR spot to trade in between 74.30 and 76.30,” said Rahul Gupta, Head of Research-Currency, Emkay Global Financial Services.

On a weekly basis the domestic currency has appreciated 31 paise.

“We expect that volatility for the currency would continue to remain high as cases of coronavirus reported on the domestic front continue to increase. We expect the Rupee (Spot) to quote in the range of 74.50 and 75.50,” said Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services.

The number of deaths around the world linked to the new coronavirus has crossed over 24,000. In India, more than 700 coronavirus cases have been reported so far.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.10% to 99.45.

The 10-year government bond yield was at 6.14%.

Pandemic fallout revives talk of universal basic income

Global crude oil benchmark Brent fell 2.09% to USD 25.79 per barrel.

On the domestic equity market front, the 30-share BSE barometer gave up all the gains to end 131.18 points or 0.44% lower at 29,815.59. The broad-based NSE Nifty closed 18.80 points, or 0.22%, higher at 8,660.25.

Foreign institutional investors (FIIs) turned net buyers in the capital market, as they bought securities worth ₹355 crore on Friday, according to provisional exchange data.

Government to pay employer, employee’s PF contribution for 3 months

The Financial Benchmark India Private Limited (FBIL) set the reference rate for the Rupee/dollar at 75.2392 and for Rupee/Euro at 82.0483. The reference rate for Rupee/British pound was fixed at 89.0185 and for Rupee/100 Japanese yen at 67.98.

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bengalbytes · 3 years

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Post Office: Post Office Durant Scheme! In just 5 years, 15 increased to 21 lakh rupees

One of the most reliable means of investment is the short-term savings scheme of the Indian Postal Department Bangla Editor | News18 Bangla | June 13, 2021, 1:55 AM IST 1/ 7 The Post Office Small Savings Scheme can be a great option if one is interested in investing. Symbolic image 6 2/ 7 Post Office short term savings offer higher returns than bank fixed deposits or recurring deposits.…

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panchalpooja-blog · 5 years

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Global Utility Automation Market Research Key Players, Industry Overview, Supply Chain And Analysis

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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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yourpooja123-blog · 5 years

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Utility Automation Market New Business Opportunities & Investment Research Report 2023

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Reliable transmission, prompt customer service, efficient controlling techniques are some of the needs met by utility grid automation. The automation has also facilitated the two way communication, security enhancement and asset management for the customers. The utility grid automation’s market can be segmented on the basis of the services and technologies. The common type of technologies used are Advanced Metering Infrastructure, Automatic Vehicle Location, Customer and Financial Information System, Demand-side Management Impact, Demand Response, Distribution Automation, Geographic Information Systems, Mobile Work Management, Motor Controls and Automation Outage Management System, Supervisory control and data acquisition (SCADA) systems, and Substation Automation.

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theshadowytastemakerstuden-blog1 · 6 years

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Utility Automation Market to Develop Rapidly by 2023

The power utilities worldwide are facing the problems of aging infrastructures and transmission losses. These utilities also have the burden of meeting the increasing consumer expectations and regulatory policies of the governments. The complicated transmission systems used in these facilities are not suitable for adapting to sustainable energy and smart grid technology. In some of the developing countries of Asian region and Latin America, the transmission loses are more than 15%. With increasing population and energy demand, the above factors have resulted in decreased efficiency for power utilities. However the governments are advising the utility owners to shift focus on automation to meet the challenges faced by energy sector.Request to view sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7159The utility automation includes various technology through which the transmission systems are made capable to meet the emerging market demands. Reliable transmission, prompt customer service, efficient controlling techniques are some of the needs met by utility grid automation. The automation has also facilitated the two way communication, security enhancement and asset management for the customers. The utility grid automation’s market can be segmented on the basis of the services and technologies. The common type of technologies used are Advanced Metering Infrastructure, Automatic Vehicle Location, Customer and Financial Information System, Demand-side Management Impact, Demand Response, Distribution Automation, Geographic Information Systems, Mobile Work Management, Motor Controls and Automation Outage Management System, Supervisory control and data acquisition (SCADA) systems, and Substation Automation.The above technologies cover all the dimensions of utility transmission and distribution network. Advanced Metering Infrastructure (AMI) provides real time data to the supplier and user about the power consumption. This data helps in making informed choices for energy saving. Automatic Vehicle Location (AVL) is used to determine the geographic location of the vehicle similar to GPS. These systems help in maximizing the safety of the employees and supports in time services for the customers. Customer and Financial Information System (CIS & FIS) have eased the workflow in utilities generating improved customer response and accurate billing. The demand response management is used for optimizing the response time and appropriating supply based on demand calculations. The Distribution Automation (DA) is being applied in many utilities to improve the core of power distribution systems. The output in the form of reliable service, reduce customer complaints and outages has increased the efficiency of utilities. The DA is being applied to the urban as well as the rural areas’ utilities.Geographic Information Systems (GIS) can store and plot information about the electric and other systems of the utilities. This system facilitates planning, electric system modeling, outage management prediction, and inventory system management, among others. Mobile Work Management (MWM) refers to systems optimizing the operations and designing of utility. This includes the management of service orders, construction orders, project designs, audit, inspections, and implementing of the other automated technologies. Motor Automation refers to the centralized centers for motor control and may vary as local control, fully automated and integrated control. Supervisory control and data acquisition (SCADA) systems include the real time data exchange. This data help in supporting the smart grid networks. IP networks are being used for substation automation. This has benefited the data collection and calculation of fault statistics. The data can be used for taking preventive measures for equipment used in utilities.The utility automation’s market is in its growth stage. The utility automation is being done for partially automated stations or for retrofits. However the grid efficiency, reliable power distribution and optimized customer services provided by the automation will act as major drivers in the coming years. The developing countries are being considered as the most attractive market for utilities automation. These regions have the major demand of power and the least efficient network. These factors will aid in the demand of automation and penetration will be easier in developing markets. However the huge initial investment may act as a hindrance to the market growth. Additionally there are very few vendors in the market providing integrated services. Thus to achieve substantial growth, the companies should focus on setting benchmarks and integrated solutions for the utilities.Some of the major players providing the utility automation technologies and services are Schweitzer Engineering Laboratories, Inc., Schneider Electric, S&C Electric Company, NovaTech, LLC, Landis+Gyr, Itron, Infrax Systems, Alstom Sa, ABB, Eaton, Cisco Systems, Inc., General Electric Company and Siemens AG, among others.About Us:Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.ContactTransparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email: [email protected]: https://www.transparencymarketresearch.com

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iotraj · 6 years

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Internet of Things (IoT) Healthcare Benefits

Healthcare Industry across the world are transforming themselves into coordinated, user-centric, and more efficient systems. This digital transformation implies advance integration, ubiquitous and interoperable healthcare services. Centralized access to health-records and patient-related information to engage patients in their healthcare efficiently.

With this objective, the ICT will play a critical role in the enhancement of distributed healthcare systems and achieve efficiencies that will fulfil various and frequent update demands. Internet of Things (IoT) has poised to disrupt the Healthcare Industry through intelligently connected-devices, systems, and things that are used by billions of people from all walks of life, to leverage data and help them make more timely, specific, and contextualized decisions.

The IoT marks the evolution of technology in the Healthcare sector that is enabling a new wave of game-changing and life-enhancing services across the economy. The IoT has significant potentials to bring economic and social benefits to the citizens, end-users, governments, and businesses through advanced and improved service delivery and personalization. The creation of new jobs, and efficient use of scarce resources. IoT enables the healthcare industry to become connected to such an extent that has never been possible before.

Despite the advancements, IoT in the Healthcare industry has paved the way for many opportunities to leverage from and challenges to be addressed. According to market forecast, The IoT Healthcare Market is worth $158.07 billion with 50 billion connected devices by 2020. The long-predicted IoT evolution in healthcare offers the ability to respond with speed, act at a scale that affects the entire community or city or a nation. Advanced model for prevention and wellness, and able to monitor and support an individual free from “Physical Constraints.” entirely changes the way how doctors deal with patients.

1. Remote Patient Monitoring and Telehealth:

Theadvent of Telemedicine allows treating patients using telecommunications reducing costs substantially and minimizing in-facility congestion. Remote Patient Monitoring (RPM) also called homecare telehealth with Smart Phone or Smart body sensor allows a patient to perform a routine test and send the real-time test data to the healthcare professional. With the growing problem of chronic diseases be it in rural or urban areas the telemedicine and RPM technology enables remote patient health care access, empowers timely action.

Remote monitoring technique is a whole new approach to diagnosis and facilitates management & monitoring of patients conditions effectively. The RPM is used with the chronically ill and elderly with high medical care which allows the physicians to closely monitor the patient’s medical conditions and intervene if need be facilitating immediate treatment without losing time. “According to the National Broadband Plan drafted by the Federal Communications Commission (FCC), the use of RPM technology in conjunction with electronic health records (EHR) could save the healthcare industry $700 billion over 15 to 20 years.”

2. Healthcare Information or Electronic Healthcare Records (EHR) Systems:

The evolution of IoT has propelled the adoption of centralization of healthcare records to be made available from various monitoring systems and medical devices in the EHR systems which are connected to send the data to doctors, labs, nurses, general physicians (GP), and others associated entities with the patient.

However, the EHR system is being slowly adopted by everyone in the healthcare industry. The hospitals, labs, GPs, and others maintain independent EHR system which is not integrated today. The existing EHR systems are not designed with IoT and real-time data in mind. They have been designed from the patient-centric, affordability, and from the perspective of the healthcare professionals and hospital process, based on static data.

This traditional method of maintaining the patient’s healthcare record is a significant limitation as not all the healthcare data from the connected devices lands in the EHR systems. However, there is a shift towards real-time health system for including real-time data capabilities from the connected/wearable devices and in an IoT perspective. “According to research by Mind Commerce, the Real-Time Health Systems (RTHS) will become a critical area for IoT in healthcare as Data Analytics will be used to evaluate both static and dynamic data for Predictive Analytics for providing a comprehensive or advanced healthcare systems. I strongly believe that the Ministry of Healthcare globally should mandate in centralizing the EHR systems.

3. Robotics and Healthcare Automation:

Karl Capek first used the word ‘robot’ in his play “R.U.R.” (which stands for Rossum’s Universal Robots) that debuted in 1921. Capek derived the word from the Czech word robota and used to reference mechanical humanoids built to perform menial and repetitive tasks which are the type of jobs the robots surpass the humans. Medical Robots don’t exist only in Sci-fi movies but have already penetrated the world of healthcare. Right from Simplifying Surgery, Hospital Helper, Elderly Care, Paraplegic Possibilities, Aiding Autism, Robotic Medical Assistant Monitoring patient vital statistics, and many such assistants are disrupting the world of healthcare systems. By 2020, the surgical robots will enable the surgeon to perform surgery with precision, control, and enhanced vision. The Surgical System Da Vinci does this precisely with its robotic system featuring a magnified 3D HD vision system. The robotic surgical industry is expected to boom with a sales forecast to double by approx. $6.4 billion by 2022

Similarly, the Robot TUG is built to carry more than 400kgs in the form of laboratory specimens, medications, and other sensitive materials. The TUG after completing its mission returns to the charging dock for recharging until it is loaded for its next task. The most significant advantage these robots have over a human is, they work round-the-clock reducing the burden of employees working in night-shifts and used for heavy duty physical labour and enabling right channel of the resources. Likewise, there is Robot for Interactive Physical Assistance which is used at homes for patient care for both moving and lifting patient in and out of bed into a wheelchair or helps the patient to sit, stand, and turn them in the bed for preventing bed sores and other medical complications. Hence the Medical Robots are revolutionizing the medical world and playing a critical role in disrupting the way we viewed healthcare a few years back and from what it is today and how it will be tomorrow.

4. Internet of Things Powers the Preventive Healthcare:

Healthcare’s transition to embracing IoT technologies for Preventive Healthcare will have significant impact transforming the way in which appropriate treatments are provided for unforeseen chronic diseases and medical conditions using the predictive analytics capability of IoT for preventive care. In the modern era of the accelerated ageing population, there is a growing interest and need for the healthcare industry to offer a personalized, collaborative and preventive form of care.

The Ministry of Healthcare in Singapore aims at ensuring that the elderly and patients with chronic medical conditions are remotely monitored through Smart Connected or Wearable devices which helps in predicting any unusual medical condition or behaviour pattern in the patient’s vital information. The device immediately sends the real-time data of the patient to the cloud-based services which in turn alerts the patient’s nurse or doctor for their proactive action. The Preventive healthcare using IoT is being slowly adopted and is still far from becoming a reality in the near future.

5. Hospital Information Management System (HIMS):

Thedigital transformation has disrupted the traditional processes and systems of managing the functioning of the hospitals. The IoT has revolutionized the fast-paced world of medicine. It is a daunting task to maintain and operate a multi-speciality Hospital and Nursing homes. The HIMS system will enable the entire functioning paperless. The system integrates all the information about the doctors, staff, patients, administrative details, etc. The significant benefits of IoT for HIMS are Decreased operational costs, Improved or Quality outcomes of the treatment through virtual infrastructures and accessibility of real-time information for making informed decisions, Improved disease management through RPM, Reduced Errors, Enhanced management of drugs, and Enhanced Patient Experience. Thus enabling the Hospitals to become efficient and address the demands of the ever-growing population in this world with various chronic medical conditions.

To Summarize the burgeoning of IoT in the Healthcare Industry has made a paradigm shift and is completely changing the face of the traditional healthcare world. However, the Industry stakeholders need to collaborate to make the vision of IoT in Healthcare into a reality which will transform the face of the medical world for the good of humankind.

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(Disclaimer: Please note no part of this blog may be copied or reused or republished or reproduced in any way, except to share using either the share feature of LinkedIn or posting a direct link to this blog. An excerpt from the blog can be quoted while sharing it in an above-mentioned manner. Any other form of reuse must be done only after obtaining an explicit written consent of the author)

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Rajashree Rao (Raj) is an Industry Thought Leader & Visionary for IoT/IIoT/Smart Cities, Digital Evangelist, Speaker, Writer, Mentor, and Entrepreneur. While Raj writes on a wide variety of subjects, her favorite topics are IoT Technologies, Digital Transformation, Leadership, Women’s Empowerment, and ‘Self.’

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