• 1A1-Money-?: Cashaa company launched Unicas, the world’s first crypto friendly financial institution with physical branches in India. It allows services for both crypto and fiat (currencies) from a single savings account. It plans to extend loans to buy cryptocurrencies and open savings accounts for customers. It is a multistate credit cooperative society which is “registered and works under the Registrar of Societies”. Owner says we give services to members only, we do not need the RBI’s permission for this model. [एक सहकारी मंडली की स्थापना हुई है जो की वैधानिक मुद्रा और क्रिप्टॉन मुद्रा दोनों को ही बचत खाते में जमा कर सकती है इस संस्था को स्थापित करने वाले लोगों का यह कहना है कि वो केवल अपनी संस्था के सदस्यों को ही इसकी सेवा देंगे इसलिए रिज़र्व बैंक की अनुमति की आवश्यकता नहीं है]
  • 1A1-Money-?: MasterCard is a payment gateway operator running credit card debit card network in India for various banks. But despite RBI directive it was not storing Indian customer data in Indian servers so RBI has prohibited him from onboarding (=issuing new cards) to Indians। मास्टर कार्ड भारतीय ग्राहकों का डाटा भारतीय सर्वर में नहीं सुरक्षित कर रहा था, इसलिए रिज़र्व बैंक ने उसे नए क्रेडिट कार्ड डेबिट कार्ड जारी करने से मना किया
  • 1B-Bank Classification & Loans?: Bad bank = National Asset Reconstruction Company Ltd (NARCL). Its ownership will include eight public sector banks-SBI, Union Bank of India, Bank of Baroda, Indian Bank, Punjab National Bank, Bank of India and Bank of Maharashtra. Bad Bank will eventually take over non-performing assets (NPAs) worth over Rs 2 lakh crore that are too hopeless to be fixed the present IBC resolution mechanism. Basics of bad bank already covered in Mrunal’s Win21 free lecture series. [mrunal.org/download] [ये बैड बैंक के बारे में पहले भी पढ़ चुके है]
  • 1c??‍?SEBI-Sharemarket: Reserve Bank of India allows retail investors to directly participate in the government securities market. By opening ‘Retail Direct Gilt Account’ (RDG Account) with the RBI through a portal. G-Secs don’t attract capital gains tax if held till maturity.
  • 2-Budget-Taxation?: Dearness Allowance (DA) = it is an allowance given by government to central government employees to protect them against the inflation. Dearness Relief (DR) is the same as DA allowance, but for central government pensioners. In 2020- Union government had frozen because Govt was struggling with money for Corona relief. 2021-July: Government ⏫DA&DR. Before 17% After: 28%. Consequently government will have to pay annually >34,000 cr extra. पिछले साल कोरोना में सरकार ने सरकारी कर्मचारियों को महँगाई भत्ता नहीं दिया था क्योंकि सरकार को खुद ही पैसों की क़िल्लत थी, लेकिन अब वापस शुरू कर रही है
  • 3A-Intl-Trade?: COUNTRY’S foreign exchange reserves a record high of $611.895 billion.
  • 4a-agro?‍?: PUNJAB State Govt announced farm loan/debt waiver of Rs 590 crore. It was a promise made by the Congress party during in 2017. Now Punjab State elections are coming again therefore populist schemes being announced. Economic surveys have criticised this practice of farm loan waivers. पंजाब राज्य सरकार द्वारा किसानों की कर्ज़ माफ़ी हालाँकि आर्थिक सर्वेक्षण ने ऐसी लोकलुभावन नीतियों पर एतराज़ जताया था
  • 4a-agro?‍?: Union government forms a new ministry of cooperation. The entire matter is sufficiently covered in Mrunal’s Win21 Pillar4A free lecture and its free handout (https://mrunal.org/download) केंद्र सरकार ने बनाया सहकार मंत्रालय इसके बारे में हम लोग पिछले लेक्चर में देख चुके
  • 4b-mfg?‍: Consumer Protection Act → Consumer Protection (E-Commerce) Rules, 2020 1) fall-back liability clause= e-commerce entities (e.g. Amazon) will be liable in case suppliers on the platform fail to deliver the goods to consumers, causing customer a loss. 2) Amazon need to identify goods based on their country of origin. 3) when customer browsing through the store, amazon need to provide suggestions to customers (about the product listed by domestic sellers) to ensure “fair opportunity” for domestic sellers. 4) Amazon cannot misuse its dominant position to dictate the present commission rates else consumer protection authority will punish. 5) Amazon cannot share the personal data of the customer with third party without the approval of customer. ? criticism: 1) foreign manufacturers are angry that government is pushing Make in India campaign being pushed through the Consumer Protection Act. if domestic manufacturers are competitive, consumers will automatically gravitate towards them. Interests of consumers, not domestic manufacturers, should be at the core of the consumer protection framework. 2) consumer protection authority trying to encroach upon the domain of competition commission of India 3) Data sharing related rules need to be covered under the the Personal Data Protection Bill and not the Consumer Protection Act. ग्राहक सुरक्षा क़ानून के अंतर्गत सरकार ने इलेक्ट्रॉनिक व्यापार करने वाली कंपनियों पर कुछ नए नियम बनाए हैं -यदि ग्राहक को सामान नहीं मिला तो मुआवज़ा देना होगा, जब ग्राहक वेबसाइट देख रहा है तो एमेजों ने भारतीय निर्माताओं द्वारा बनायी गई वस्तुओं के सुझाव उसे देने चाहिए। ग्राहक का निजी डेटा ग्राहक की अनुमति के बिना किसी तीसरे पार्टी को साझा नहीं करना चाहिए इत्यादि।
  • 5-Infra-Communication: E-Governance: FASTER: Fast and Secure Transmission of Electronic Records = A swift and secure electronic transmission to send SC orders to jail authorities so that prisoners who have been granted bail/release need not wait long for a certified order copy in order to be released. [न्यायालय द्वारा किसी क़ैदी की रिहाई या ज़मानत के काग़ज़ात ऑनलाइन तरीक़े से तुरंत जेल प्रशासन को भेजे जा सके ऐसी प्रणाली बनायी जा रही]
  • 6-Health: National AYUSH Mission: the centrally sponsored scheme has been extended till 2026-March. What exactly is the scheme? Ans. REF: Mrunal’s Pillar1D and Pillar6 lectures an economy. आयुष योजना की समयावधि बढ़ायी गई


  • 5-Infra-Transport⚓️: Rules for vintage vehicles. I think it is covered sufficiently in the previous months excel spreadsheet. ये चीज़ कुछ महीनों पहले हम पढ़ चुके हैं
  • Pollution?: European unions ‘Fit for 55’ legislation= to cut emissions of the gases that cause global warming by 55 per cent over this decade।

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