Tag: #English_NewsPaper

Posted on in First India-English News

How Cryptocurrency is beneficial and risk is huge

 

In the pandemic period, cryptocurrency has created a distinct identity in the asset class. According to English NewsPaper, the two most popular cryptocurrencies at both the level of trading volume and market capitalization are Bitcoin and Ethereum. Since January, bitcoin prices have risen by around 141 percent, while ethereum prices have risen by over 250 percent. Both cryptocurrencies are at a three-year high. Cryptocurrency is digital storage of a quantity. These coins are digitally stored separately from physical currency (rupee, dollar, etc.) and are not operated by any central bank. A coin can be divided into several parts, and each part is defined by its unique code. The veracity of each cryptocurrency transaction is tested on the blockchain and it is seen whether the corresponding coin is available in the given wallet. It is also examined whether one coin was displayed in two transactions.

But cryptocurrency has its own risks. By Today Lucknow News Special Task Force arrested three people here for online and cryptocurrency fraud. Although the private and public keys related to the cryptocurrency wallet are different and use the SHA-256 encoding technology, your cryptocurrency is in danger if the hacker somehow finds your private key. Hence the risk in cryptocurrency transactions is also very high. Bitcoin is a very popular currency for cybercriminals, due to which its image continues to be questioned. However, one of the advantages of this is that if you remember private and public keys, then you can transact in cryptocurrency even without any electronic or physical records. Crypto is used quite a bit in common transactions. But they are quite useful for cross-border transactions. They facilitate cross-border transactions free of governmental controls while keeping transaction expenses to a minimum. Buying bitcoins in rupees and selling them in US dollars has become a common method of rupee-dollar exchange. Some nations, including large economies such as Japan and Korea, have allowed cryptocurrencies to be used as business transactions. At the same time, some countries have also banned them. In many countries, the legitimacy of cryptocurrency is in the gray area or they are being considered as tomorrow and commodity. Like any art, crypto may have little intrinsic value but may be priced too high depending on demand.

 

 

The Reserve Bank of India had imposed a banking ban on cryptocurrency transactions, which was lifted by the Supreme Court in March 2020 according to . One can transact cryptocurrency in Indian rupees on many exchanges. However, Latest India News is it is also possible that the cryptocurrency business may be banned again in the future through legislative action. If you trade in cryptocurrency then you should be prepared for it. Apart from regulatory and digital risk, volatile prices are also a concern. The daily price fluctuations in cryptocurrency are higher than those of stocks, derivatives, and foreign exchange. This is because any factor that affects the price is not fundamental. Their prices are fixed according to the demand and supply, in which the public sentiment created through news also contributes. Since the year 2015, there is a difference of more than 5 percent in the maximum and lowest prices of bitcoin on daily basis. The difference in cryptocurrency prices based on location is also seen. Therefore arbitrage is quite common on exchanges when there is a high price differential. Apart from this, the speed of verification of any transaction is slow at the moment. Blockchain verification of high-volume transactions currently takes a long time (a few minutes or a few hours). But this is less than the time (2-4 days) it takes for cross-border physical currency transactions.

Given all the risks, the question arises as to why transact in cryptocurrency? The potential return in cryptocurrency is quite high. Cryptocurrency has been highly profitable during times of crisis. In times of uncertainty, cryptocurrencies have been as effective as gold for investment.

In fact, after the 2008 subprime crisis, an unknown person or group of individuals named Satoshi Nakomote gave birth to the concept of bitcoin and during the global financial crisis of 2011-12, its expansion was accompanied by a sharp rise in prices. Cryptocurrencies prove to be profitable whenever the time comes for geopolitical tensions or financial turmoil. For example, there was a sharp jump in cryptocurrency prices after demonetization in India.


So will the global uncertainty continue in 2021?

It is much more likely that this will happen. Although there are reports about vaccine development, but vaccination of 7 billion people will take a long time. The global economy is in turmoil. Geopolitical crises are also visible such as Brexit, power transition in America, Syria, Ukraine vs Russia, Poland and Hungary vs EU, India-China, etc.

It may take about two years or more for the global economy to take its shape. Cryptocurrencies can provide net profit, although prices may fall moderately at times. If you are comfortable buying an artwork as an investment, then crypto can give higher returns with equal risk.

 

 

 

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Posted on in First India-English News

What is Internet of Things and how it helping Digital World

 

IoT or Internet of Things is the LATEST NEWS word these days. Do you have any idea what it means? In simple words, it refers to a virtual internet connection from things, people, and almost everything you see around. Everything in our surrounding environment is allowed to communicate with each other without any human intervention.

India is on the tip of innovation and is going all guns blazing to digitize the citizen-centric services. One of the greatest challenges testing this collective vision will be to prudently channelize gains, to refine the standard of living of the poorest of poor. We just need to put a series of interconnected devices exchanging information with one another into any digital channel, and the benefits of urban amenities will become accessible to all citizens. This is precisely the purpose which the concept of the Internet of Things (IoT) serves.

 

 

 

KPMG, an auditing and consulting company, has created last year a media and entertainment industry (M&E) 11th edition report. The report, launched with the title ‘India’s Digital Future: Mass of Niches’, predicts growth in the digital media sector in the country by the year 2030. The report covers the industry’s performance in various segments as well as key themes and elements that play a key role in growth.

According to the report, the country’s TV and ENGLISH NEWSPAPER media and entertainment industry has witnessed 13 percent growth during the financial year 2019 (FY19) and has reached Rs 1,63,100 crore with a CAGR of 11.5 percent over the year 2015.

The report says that digital has increased continuously when we look at all segments of the media and entertainment industry. Digital advertising and gaming have gained momentum with the disruption of TV and print. The digital world is emerging as the second-largest segment in the country after TV and is also attracting a large number of advertisers. There are two major reasons behind the speed of digital in the country. One is the decrease in internet data prices with the increasing number of smartphones, Second, digital content is also being supplied, i.e. investment in original and regional digital content is also increasing.

 

Rural India can benefit from the trickle-down effects of the country’s thriving digital economy through the smart connectivity of devices. IoT can penetrate our cottage Industry, and open gates for the local or traditional products by linking them to our e-commerce industry. IoT holds immense relevance for our rural ecosystem that is gaining strength from flagship schemes like Jan Dhan Yojana which attempts to push the boundaries of financial inclusion by making the basic banking services tangible for the poorest of poor. Opening a bank account is one thing but to make a remotely located individual access that account without any locomotion hassles is something that IoT can achieve with ease. Banks are now paving way for business correspondents who travel to the remotest of areas to let people avail of the basic banking services through smart devices such as mobile ATMs or card readers. These devices are seamlessly connected to the back offices of banks. IoT focusses on a smart interpersonal communication to avail urbane amenities over a vast network of connected things, from the comfort of home. This makes it a potential deterrent for the rural to urban migration that is flooding the urban milieu with ill-functioning slums.

 

  • IoT is bound to revolutionize our obsolete farming methods by facilitating a network of smart devices to gather real-time INDIA NEWS information on weather, the pH level of soil, and fluctuating market price of a specific crop. This information can then be sent to mobile phones via cloud technology.

 

  • IoT has the potential of ushering in an era of impeccable energy management by making way for smarter grids to cut down our transmission and distribution losses. Such losses account for nearly 23 percent of the electricity generated. IoT can enable a network of carbon-emitting devices that can be accessed from a remote location so that users can turn off or turn on such devices at will. Such devices can inform users about the technical faults with electric circuits through real-time alerts, and also throw light on their energy consumption patterns.

 

  • IoT is playing a crucial role in the resurrection of our ruptured healthcare sector which is dented with overcrowded hospitals. Through a telecommunication infrastructure, a thorough diagnosis can be done by a specialist from a remote location and medication can be prescribed based on the medical data recorded by smart devices.

 

With the Government of India to be really optimistic about the Digital India program, IOT which will definitely be a valuable cog in the wheel of the digital infrastructure of the country. It will take great effort to make a variety of digital channels developed infrastructure is accessible to the large population.

 

 

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Posted on in First India-English News

5 Year of Digital India and PM Modi “Atmanirbhar Bharat Abhiyan”


On the completion of 5 years of India’s “Digital India” program, the Union Minister of Electronics and Information Technology has said that the digital journey has focused on empowerment, inclusion and digital transformation and its positive impact can be felt in all aspects of the lives of Indian citizens.


key points:

1)  On this occasion, the Minister of Electronics and Information Technology, while describing the achievements of JAM Trinity- Jan Dhan, Aadhaar and Mobile, said that in the COVID-19 pandemic also, due to the Digital India program, people can work from home; Making digital payments; Students get education from TV, mobile, laptop; Patients are able to take tele-counseling and farmers in remote areas of India can directly avail the benefits of PM-KISAN scheme in their bank accounts.

 

2) Digital India program led to Aadhaar, Direct Benefit Transfer, Common Service Center, DigiLocker, Mobile Based Umang (UMANG) Services, Participation in Governance through MyGov, Ayushman Bharat, E-Hospital, PM-Kisan, E-Naam, Soil Health Card , SWAYAM, SWAYAM PRABHA, through National Scholarship Portal, e-Pathshala, etc. have positively affected all aspects of the lives of Indian citizens.

 

3) The National AI Portal and the Responsible AI for Youth were recently launched to lay the foundation for an AI-driven future.

4) The Digital India program has also played an important role during COVID-19 status such as Arogya Setu, e-Sanjeevani, sanitization and English NewsPaper social media platforms through MyGov etc.

 

 

 

 

PM Modi’s ‘Atmanirbhar Bharat Abhiyan‘, according to his party’s original concept, is an ambitious project aimed not at fighting the ill effects of the Covid-19 epidemic, but rebuilding India of the future.PM has spoken about optimum use of technology. His government has taken some right steps which include adopting state-of-the-art technology and increasing the use of digital technology in the society. It can prove to be the driver of the economy.

Role of Digital India program during COVID-19 epidemic:

 

  • Arogya Setu has been developed in 3 weeks with 12 Indian languages under Digital India program during COVID-19 status which has so far been downloaded by nearly 13 crore people. This app has identified more than 350 COVID-19 hotspots.

 

  • The MyGov website and social media channels such as Facebook, Twitter, Instagram, Linkedin have played an important role in making citizens aware of the medium of graphics, videos, quotes for social media to deal with COVID-19.

 

  • It is noteworthy that the Government of India is promoting digital literacy at the rural and urban levels to promote the Digital India program so that it can move rapidly from ‘traditional economy’ to ‘digital economy’.


Prime Minister Narendra Modi has launched self-reliant India Innovation Challenge, taking further steps towards Digital and Self-Reliant India.The NITI Aayog, in partnership with the Ministry of Electronics and Information Technology and the Atal Innovation Mission, has launched the Digital India Self-Reliant India Innovation Challenge, under which you will have to create mobile games, social media LATEST NEWS and photo-video editing apps . Under this challenge a maximum reward of up to Rs 20 lakh will be available. The mantra for this challenge is ‘Make in India for India and the World’.

Here are diffrent categories:-

Office Productivity and Work from Home
social networking
E-learning
Entertainment
Health and wellness
Agritech and Fintech
News
Games

Sub-categories of Self-reliant India Innovation Challenge

  • A facial recognition / body mapping app that allows people to virtually try on matching clothes and eyeglass frames before purchasing.
  • Real-time speech-to-speech translation and camera translation app
  • Mobile App for Cloud Email
  • Image scan, image editing and text recognition app
  • Apps that facilitate cloud storage that also have the facility to transfer files
  • Anti-virus app for mobile device
  • Mobile device cache clearing app
  • Mobile app for video conferencing
  • Apps for messaging and video calling
  • App for micro blogging
  • News app equipped with machine learning
  • Mapping app
  • Mobile based online gaming platform
  • Photo editing app equipped with all facilities


Being “Digital-India” or “Atmanirbhar Bharat Abhiyan” or “Self-reliant India Campaign” is, in the real sense of the term, the recognition and promotion of the intrinsic strength of Indian entrepreneurship waiting to be freed from the shackles of inextricable tangles of land, labour, liquidity and laws as PM Modi pointed out. Swadeshi should be reinterpreted as a bridge between robust localisation and inevitable globalisation, complementary to one another and not diametrically opposed.

 

 

 

 

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