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Showing posts with the label current affairs

RBI is Going to Launch Digital Rupee from Today in 4 Major Cities of India

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Reserve Bank of India is going to launch Digital Rupee today (01/12/2022) in 4 major cities, which are Mumbai, Delhi, Bengaluru and Bhubaneswar. In starting, it will launch as a pilot project for trial and after that, it will work like a normal currency in all over the India. Digital Currency is just like a Paper Money, customers can use it just like a normal Rupee in Shop and also use to transfer between other customers. Bank will provide this currency to customers and they can use it by using QR code in shops, but they will not get any kind of interest just like a paper money. If they want to earn interest then they can deposit it in bank. Experts says, there will be no impact on Cryptocurrency after launching the Digital Rupee because Cryptocurrency rates always change, so both are different. Currently SBI, ICICI Bank, Yes Bank, HDFC Bank and IDFC Banks will handle this project, after the successful trial Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will

Gig Jobs: Good Income Option for Freshers, Workforce will be 2.35 Crore in 2029-30

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Covid has improved the demand for Gig Jobs in India and all over the World. According to the reports of NITI Aayog, there were a total of 77 lakh Gigworkers in 2020-21 and this will be 2.35 crores in 2029-30. Gig jobs are basically the type of work, which are not permanent and it's just like a project/task on a fixed pay. These works include Technology, Marketing, Construction, Business houses and many other works on a contract basis.  Gig jobs have changed the format of classic jobs. This is a great option for the persons, who want to earn during their study time or don't want to do 9 to 5 jobs. During the Covid Period, due to the shortage of workers in the Quick Commerce, Health Tech, Fitness and Ecommerce sectors worker demand have increased. Due to the changing in the recruitment process in different companies, the quick commerce field is growing by 300%. Candidates who graduated from college now get good job options in this field.  Recruiters Getting Candidates from Small

RBI Soon Going to Launch Digital Rupee or CBDC in India

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To promote digital transactions and keep working with digital world, RBI will soon launch Central Bank Digital Currency (CBDC) or Digital Rupee. On Friday, RBI has also released concept paper regarding this. Digital currency will be cost effective for RBI and customers can easily carry it. It's also safe and secure for customers. RBI will be free from spending lots of money on paper money. According to the RBI, in the financial year 2021-22 total of 4984 crore rupees was spent on the printing of paper currency. after digital currency, this cost will be saved. According to the RBI, presently 105 countries are planning to bring digital currency. China and South Korea has also started the trial of digital currency. According to the RBI, in the starting digital currency will be started in the pilot format. RBI did not give any fixed time for this but before the ending year pilot project will be launched. Finance Minister Nirmala Sitharaman has mentioned about the Digital Currency in