NITI Aayog Releases Report on Digital Banks
NITI Aayog Releases Report on Digital Banks

NITI Aayog’s report makes a case and offers a template and roadmap for a licensing and regulatory regime for digital banks. It focuses on avoiding any regulatory or policy arbitrage and offers a level playing field to incumbents as well as competitors.
The report was released today by NITI Aayog Vice Chairman Suman Bery and CEO Parameswaran Iyer and Senior Adviser Anna Roy, in the presence of other officials.
‘Given the need for leveraging technology effectively to cater to the needs of banking in India, this report studies the prevailing gaps, the niches that remain underserved, and the global regulatory best practices in licensing digital banks,’ said CEO Parameswaran Iyer.

You need to read – Government undertakes several initiatives to promote electronics manufacturing in India

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The report recommends a carefully calibrated approach, comprising the following steps:

Issue of a restricted digital bank licence (to a given applicant) (the license would be restricted in terms of volume/value of customers serviced and the like).

Enlistment (of the licensee) in a regulatory sandbox framework enacted by the Reserve Bank of India.

Issue of a ‘full-scale’ digital bank licence (contingent on satisfactory performance of the licensee in the regulatory sandbox, including salient, prudential and technological risk management).

The report also maps prevalent business models in this domain and highlights the challenges presented by the ‘partnership model’ of neo-banking—which has emerged in India due to a regulatory vacuum and in the absence of a digital bank licence.
The methodology for the licensing and regulatory template offered by the report is based on an equally weighted ‘digital bank regulatory index’. This comprises four factors—(i) entry barriers; (ii) competition; (iii) business restrictions; and (iv) technological neutrality. The elements of these four factors are then mapped against the five benchmark jurisdictions of Singapore, Hong Kong, United Kingdom, Malaysia, Australia and South Korea.
The Context for the Case of Digital Banks in India: Financial Inclusion
In recent years, India has made rapid strides in furthering financial inclusion, catalysed by the Pradhan Mantri Jan Dhan Yojana and India Stack. However, credit penetration remains a policy challenge, especially for the nation’s 63-million-odd MSMEs that contribute 30% to GDP, 45% to manufacturing output, and 40% to exports, while creating employment for a significant section of the population.
Over the past few years, thanks to digitization—ushered in by the Jan Dan-Aadhar-Mobile (JAM) trinity and Aadhaar—financial inclusion has become a reality for Indians. This has only been furthered by the Unified Payments Interface (UPI), which has witnessed extraordinary adoption. UPI recorded over 4.2 billion transactions worth ₹7.7 trillion in October 2021. The platform approach taken by the government in conceptualizing UPI has resulted in valuable payment products being developed on top of it. As a result, payments can now be made with a click not just at retail outlets but also peer to peer—completely redefining the way in which money is transferred between individuals.
A ‘whole-of-India approach’ towards financial inclusion has also resulted in Direct Benefit Transfer through apps such as PM-KISAN and extending microcredit facilities to street vendors through PM-SVANIDHI.
India has also taken steps towards operationalizing its own version of ‘open banking’ through the Account Aggregator (AA) regulatory framework enacted by the Reserve Bank of India. Once commercially deployed, the AA framework is envisaged to catalyse credit deepening among groups that have been hitherto under-served.
The success that India has witnessed on the payments front is yet to be replicated when it comes to the credit needs of its micro, small and medium businesses. The current credit gap and the business and policy constraints reveal a need for leveraging technology effectively to cater to these needs and bring the under-served further within the formal financial fold.
This report has been prepared by NITI Aayog based on inter-ministerial consultations. Last year, NITI Aayog had released a discussion paper on the subject for wider stakeholder consultations. Comments received from 24 organizations were examined and have been suitably addressed in the final report.
Department of Financial Services Additional Secretary (AS) Suchindra Misra, MeitY AS Amit Aggarwal, MSME Assistant Development Commissioner Dr Ishita Ganguli Tripathy and Indian Banks’ Association Chairman Atul Kumar Goel were also present during today’s launch.

Government undertakes several initiatives
Government undertakes several initiatives to promote electronics manufacturing in India

Free Guest Posting Website: The government is very focused on its important objective of building the overall semiconductor ecosystem and ensure that, it in-turn catalyses India’s rapidly expanding electronics manufacturing and innovation ecosystem.

As a result of several initiatives taken by the Government and efforts of the industry, the domestic production of electronic goods has increased substantially from Rs. 2,43,263 crore (USD 37 billion) in 2015-16 to Rs. 5,54,461 crore (USD 74.7 billion) in 2020-21 growing at a Compound Annual Growth Rate (CAGR) of 17.9%. Many policies of the Government including the flagship Production Linked Incentive (PLI) Schemes, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors, Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme are major steps towards making India “AtmaNirbhar” in electronics manufacturing.

As semiconductors form a major part of all electronic products, as a result of growth in electronics manufacturing sector, semiconductor market in India has also witnessed proportionate growth over the last few years. As per the industry estimate, the semiconductor consumption in India was around INR 1.1 lakh crore in year 2020 which is being met through imports due to absence of commercial semiconductor fabs in India.

The government is very focused on its important objective of building the overall semiconductor ecosystem and ensure that, it in-turn catalyses India’s rapidly expanding electronics manufacturing and innovation ecosystem. This vision of AtmaNirbharta in electronics & semiconductors was given further momentum by the Union Cabinet chaired by the Hon‟ble Prime Minister approving the Semicon India programme with a total outlay of INR 76,000 crore for the development of semiconductor and display manufacturing ecosystem in our country. The programme aims to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystem. This will serve to pave the way for India’s growing presence in the global electronics value chains.
Following four schemes are introduced under the aforesaid programme:

Scheme for setting up of Semiconductor Fabs in India provides fiscal support to eligible applicants for setting up of Semiconductor Fabs which is aimed at attracting large investments for setting up semiconductor wafer fabrication facilities in the country. Following fiscal support has been approved under the scheme:

28nm or Lower – Up to 50% of the Project Cost

Above 28 nm to 45nm – Up to 40% of the Project Cost

Above 45 nm to 65nm – Up to 30% of the Project Cost

Scheme for setting up of Display Fabs in India provides fiscal support to eligible applicants for setting up of Display Fabs which is aimed at attracting large investments for setting up TFT LCD / AMOLED based display fabrication facilities in the country. The Scheme provides fiscal support of up to 50% of Project Cost subject to a ceiling of INR 12,000 crore per Fab.

Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / OSAT facilities in India: The Scheme provides a fiscal support of 30% of the Capital Expenditure to the eligible applicants for setting up of Compound Semiconductors / Silicon Photonics (SiPh) / Sensors (including MEMS) Fab and Semiconductor ATMP

/ OSAT facilities in India.

Design Linked Incentive (DLI) Scheme offers financial incentives, design infrastructure support across various stages of development and deployment of semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design. The scheme provides “Product Design Linked Incentive” of up to 50% of the eligible expenditure subject to a ceiling of Rs. 15 Crore per application and “Deployment Linked Incentive” of 6% to 4% of net sales turnover over 5 years subject to a ceiling of Rs. 30 Crore per application.


In addition to the above schemes, Government has also approved modernisation of Semi- Conductor Laboratory, Mohali as a brownfield Fab.

Applications have been invited under various schemes for setting up of Semiconductor facilities. So far 23 applications have been received which are under evaluation.

Setting up of Semiconductor unit requires huge investments and necessitates suitable infrastructure like availability of uninterrupted Power and Clean Water. Further, Semiconductors manufacturing is a very complex and technology-intensive sector with huge capital investments, high risk, long gestation and payback periods, and rapid changes in technology which require significant and sustained investments. However, the Government is committed to make all round efforts to develop semiconductors and display manufacturing ecosystem in India.

This information was given by the Minister of State for Electronics & Information Technology, Shri Rajeev Chandrasekhar in a written reply to a question in Lok Sabha today.

Bioeconomy will be key to India’s future economy over the next 25 years.
Bioeconomy will be key to India’s future economy over the next 25 years.

Bioeconomy will be key to India’s future economy over the next 25 years.
Releasing India’s Bioeconomy Report 2022, Dr Jitendra Singh pointed out that India’s Bioeconomy has reached over 80 billion US Dollars in 2021 recording 14.1% growth over $70.2 billion in 2020. Noting the rapid growth in the sector, the Minister said, Bioeconomy is likely to touch 150 billion dollars by 2025 and over 300 billion dollars by 2030.

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Government of India to boost employment opportunities in the green energy sector

Steps by Government of India to promote renewable energy in the country

Government of India to promote renewable energy
Steps by Government of India to promote renewable energy in the country

Against the target of achieving 175 GW of Renewable Energy (excluding Large Hydro) installed capacity by 2022, a total of 114.07 GW renewable energy capacity (excluding large hydro) has been installed in the country as on 30-06-2022. Further, a capacity of 60.66 GW is under various stages of implementation and a capacity of 23.14 GW is under various stages of bidding.
The Government has taken several steps to promote renewable energy in the country. These include :

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Bioeconomy will be key to India’s future economy over the next 25 years.

Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route,

Waiver of Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by 30th June 2025,

Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022,

Setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug and play basis,

Schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12000 MW CPSU Scheme Phase II, etc,

Laying of new transmission lines and creating new sub-station capacity under the Green Energy Corridor Scheme for evacuation of renewable power,

Setting up of Project Development Cell for attracting and facilitating investments,

Standard Bidding Guidelines for tariff based competitive bidding process for procurement of Power from Grid Connected Solar PV and Wind Projects.

Government has issued orders that power shall be dispatched against Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to RE generators.

This information was given by Shri Bhagwanth Khuba, Minister of State for New and Renewable Energy in a written reply in Rajya Sabha today.

NITI Aayog and WFP to Launch Initiative on Mainstreaming Millets in Asia and Africa
NITI Aayog and WFP to Launch Initiative on Mainstreaming Millets in Asia and Africa

NITI Aayog and the World Food Programme (WFP), India, will launch the ‘Mapping and Exchange of Good Practices’ initiative for mainstreaming millets in Asia and Africa on 19 July 2022 in a hybrid event.
NITI and WFP will prepare a compendium of good practices for scaling up the production and consumption of millets in India and abroad.
The event will be inaugurated by NITI Aayog Vice Chairman Suman Bery in the presence of Member Prof. Ramesh Chand and Adviser Dr Neelam Patel, WFP Representative and Country Director India Bishow Parajuli, National Rainfed Area Authority CEO Dr Ashok Dalwai, and Agriculture Ministry Joint Secretary Shubha Thakur.
Representatives from ICAR, Central and state government departments, Krishi Vigyan Kendras, industry, Central and state agriculture universities, FPOs, NGOs, start-ups, academic and research institutions, and international organizations such as the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), Food Agriculture Organization (FAO), International Commission on Irrigation and Drainage (ICID), etc., will also participate in the event.

PM’s statement ahead of Monsoon session of Parliament, 2022

PM's statement ahead of Monsoon session of Parliament, 2022
PM’s statement ahead of Monsoon session of Parliament, 2022

Namaskar friends,

This session has a connection with weather. Now monsoon is fast approaching in Delhi too. Yet the temperature outside is not dropping and I am not sure if the heat inside the House will also subside or not. This period is extremely significant as we are celebrating ‘Azadi Ka Amrit Mahotsav’. August 15 holds special significance; and after 25 years when the country celebrates the centenary of Indian Independence, we should plan on how our journey of 25 years should be like; how fast can we stride ahead and how can we reach newer heights? This period is about making such resolutions and giving a direction to the nation by being devoted to those resolutions. The House should lead the country. All the honourable members of the House should become instrumental in instilling new energy into the nation. Therefore, this session is also very important from that point of view.

This session is also crucial because elections to the posts of President and the Vice President are being held at the same time. Voting is also underway today. And in this period, the tenure of the new President and the new Vice-President will also begin.

Prime Minister Shri Narendra Modi’s Inaugural Speech at the Quad Leaders Summit

We always consider the House as an efficient medium of communication, a pilgrimage centre where a dialogue and discussion can take place with an open mind. Debates, criticism and a detailed analysis of things also take place to make a very positive contribution to policies and decisions. I would urge all the respected MPs to make the House as much productive and fruitful as possible with deep thinking and a deep and detailed discussion. That’s why everyone should co-operate and democracy thrives only through everyone’s efforts. The House runs because of everyone’s efforts. It is with the efforts of everyone that the House takes the best decision. And therefore, while fulfilling our duties to enhance the dignity of the House, we should make the most use of this session in the national interest. And we should always remember that we need to fulfil the dreams of those who had dedicated their youth and their entire lives for freedom, and had spent their lives in jails and the sacrifices they had made. I just hope that keeping their dreams in mind, as 15th August is approaching, we should ensure that the House is used most positively in the best possible way.

Heartiest thanks to you all!

8 types of personal loan
8 Types – Personal Loans To Managing Your Emergency Expenses

Create Dofollow Backlinks: Personal loans are great credit lines for emergency expenses. It proves to be best when you need a one-time specific amount. It is an EMI-based loan. The EMI has to be repaid with interest over a fixed period or term.

This credit line is extremely versatile and can come in a variety of forms. Below are the different types of personal loans that you can avail yourself for emergency funding:

Unsecured personal loan– An unsecured personal loan is not supported by any asset or collateral. That’s why it may be easier to obtain such a personal loan. To get this type of unsecured loan, you must have a good credit score and a regular source of adequate monthly income.

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Secured personal loan– As the name implies, a secured personal loan is borrowed against the mortgage of assets such as a house, car, gold, insurance, etc. In case of any default, the lender may forfeit the asset to cover all or part of the balance.

A personal line of credit– This is quite similar to a credit card. In this case, borrowers get access to a certain amount of credit line that can be borrowed whenever needed. A great credit score and credit history are needed to avail of this loan.

Personal loan against credit card– A cash advance facility is there when you have a credit card. This is a short-term personal loan. You can borrow it against the available balance of your credit card.
Pension loans- Pension loans are personal loans specially designed for retired workers. These loans come with long-term and small loan amounts.

Fixed interest rate personal loan– In this credit line, the interest rate on personal loans remains unchanged for the entire tenure of the loan.

Adjustable interest rate personal loan– Under this loan, the interest rate change over time. Usually, it starts with very low interest, and over time it may increase.

Payday loans– A payday loan is a short-term loan with a term of two to four weeks. It will cover your expenses until next payday.

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Top 5 carpet tricks
Top 5 carpet tricks to learn as a beginner – skateboard

Introduction

Free Guest Posting Website: The majority of people lack the requisite skills, making it difficult for them to skateboard even a few hundred meters. Others, though, experience fearlessness and a continual sense of skating. It feels fantastic when you are ready to master your skating skills. However, before attempting the kinds of tricks that require a high level of competence, start with the foundations of skating and flat-ground tricks that will assist you to enhance your balance and feel for moving the board.

Sprains, fractured bones, and concussions are more likely to occur if you attempt difficult skating stunts before you have mastered your balance and movement. Start by mastering the fundamentals, which include a seamless transition onto and off of your board, perfected posture, and improved balance when rolling. As soon as you master these fundamentals, practice carving (leaning into turns) and maintaining speed. Then, you’ll be prepared to try these five novice skateboard tricks.

Know that it’s really important for you to have a good grip tape so you can progress rapidly.

Why it’s important to learn tricks on a carpet first?

When someone is learning how to balance and is a complete newbie who has never used a skateboard, I advise them to start on the carpet or grass. Because it enables individuals to comprehend how trucks lean without fear of toppling, trust is soon gained. However, after you have mastered riding and are at ease on a good deck, there is no need to engage in activities on carpet or grass.

1. Ollie

The first trick you should learn while learning to skateboard is the ollie. Ollie is merely a straightforward leap, but the technique is crucial for all that comes after. Every time you board, you must have this foundation, and ideally, you never lose it. Starting with the fundamentals Fortunately, Alan “Ollie” Gelfand developed a wonderful idea to develop a means to leap in His new maneuver enables him to lift the board into the air and then magically set it down below. Five years after Alan Gerfalds invented it and brought it to street skating, Rodney Mullen, who is perhaps the finest freestyle skateboarder of all time, devised the “Ollie” trick.

This is the basis for contemporary skateboarding. This aerial trick on the skating tracks requires squeezing the rear of the board to raise it into the air while you glide. Later, to support the table, you must place the second foot on the front part of the skateboard. You will be able to leap by flexing both legs as you bring them up to your chest. You must fully horizontally position the skateboard and land with your knees bent in order to prevent accidents and land appropriately. This will allow you to perform the most basic skate trick imaginable.

  • i. Your front foot should be positioned immediately after the middle of the board but before
  • the front truck bolts, with your rear foot resting in the middle of the tail.
  • ii. Apply the appropriate pressure on the board’s back.
  • iii. Start your leap as soon as you feel the board’s rear contact the ground.
  • iv. Let your front foot dangle upward as you jump.
  • v. Prepare to land when you reach the top of your jump.
  • vi. As your board touches the ground, bend your knees.

2. The Shove It

Many people can do the huge shove-it, another crucial skating maneuver, before the Ollie. The trick is to totally flip the board over by pivoting it forward 180 degrees with the back foot. Great skater Aaron Kyro proposes doing the shove-it technique after skipping the pop used in the Turkish Ollie. It is also advised that novices and others who find the trick difficult attempt it on a different board, a fakie board, or without trucks in order for the skateboard to spin more quickly due to inertia.

  • i. Both of your feet should be on the board’s nose and tail, respectively. Place your back
  • foot at the corner of the tail with your toe just over the height of the board.
  • ii. As you push your board to rotate, let out a little leap.
  • iii. Put your front foot up directly above.

3. The kickflip

The iconic skater Rodney Mullen created the amazing kickflip, sometimes referred to as the miraculous 360 degrees, which is regarded as one of the most well-known aerial tricks in all of skateboarding. The tremendous kickflip reflects both the symbolic or iconic side of skateboarding and the techniques of the new school. This is due to the fact that traditional skateboarders frequently do tricks and feats with their hands on the board. However, from the 1980s to the present, this practice has become less and less common, as in the case of the kickflip.

Simply leap and kick the skateboard to one side to accomplish this incredible feat. The objective is to land on both sides of the skateboard after turning the skateboard 360 degrees while it is in the air. There are other additional types of flips as well, including the heelflip, frontside, 360-degree flip, backside, 189-degree flip, and many more. Each is challenging to a different degree.

  • i. Put one foot on the truck’s end and the other on the center of the board. To make it simple
  • to flip the board, you must put your rear foot at the extreme corner of the surface.
  • ii. Keep trying to lift the skateboard in this way with both feet.
  • iii. Try to turn the board upside down with both feet.
  • iv. To get the board back to its starting position, try rotating it all the way around. Once the
  • longboard has turned, grab hold of it with your feet and stand on it. Make sure the
  • longboard doesn’t rotate too much while it is in the air.

4. The 540 Rodeo Flip

The maneuver most commonly used in skate parks with bowls or abandoned swimming pools is the 540 rodeo flip. You only need to get enough speed to fly while keeping your feet on the skateboard, execute the right turn, and land on the ground while still being attached to the skateboard. It’s not very difficult to learn. These maneuvers, such as the 540 rodeo flip, were influenced by maneuvers used in other sports, such as snowboarding or surfing, where competitors grip the board the same way on dry land as they do in wet conditions. Therefore, if you want to perform the stunning 540 rodeo flip, you must seek out the greatest skate parks with a variety of ramps, notably bowls. The best bowls in every skatepark can be found at Osso-Skate, and they are of the highest caliber.

  • i. When you go on the jumper, lift your toes a little bit. By the time you pop off, you must
  • have become used to being on your heels. Start here if you want to go forward.
  • ii. Start spinning when you leap by angling your shoulders a little bit in the direction of your
  • buttocks, as if you were doing a backflip. Now raise your knees and look over your right
  • shoulder. Once your head starts spinning, you’ll be able to see your landing page.
  • iii. Keep an eye on where you fall over your left leg. Turn your head forward as you flip to
  • complete the maneuver.

5. The lip

The final phase is the lip, which is a crucial part of any skate rink’s slope. To balance on the ramp edge is the key component of this trick, which was first performed by renowned skateboarder Jay Adams. The name of the exercise varies based on the precise posture you retain while maintaining your balance on the ramp edge. So, if you want to perform the lip trick, you may, since Osso-Skate provides the best range of ramps for your skating rink. Here you can discover the best skate parks Spain has to offer in terms of ramp quality.

  • i. Approach at an angle.
  • ii. Snap and shift.
  • iii. Turn and slide.
  • iv. Land the board.

Conclusion

Skateboarding is currently becoming more popular, and it is becoming more common to run into skateboarders. To take control of the asphalt with your board in the streets, you need to try to master as many tricks as you can. If you do it this way, you will be able to fully appreciate all the low and high ramps of the many bowls, the great diversity of styles of rails and sidewalks, and all the locations where you may create new tricks if you do it this way.

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How to download batch file for windows 11

Download batch file for windows 11

download batch file
  1. First of all you need to click on the download button which is mentioned above.
  2. Once you click on the download button, then you will see the next window
download batch file

3. Click on the download button and download batch file and move on the desktop.

If you want to see the code of batch file, then you need to download txt file. I have mentioned it below

How to activate Windows 11 for Free