'Visually Impaired-Friendly' Coins
Total Page:16
File Type:pdf, Size:1020Kb

Load more
Recommended publications
-
Non-Western Art History
Non-Western Art History The Art of India End End 1 Art of India 1 2 Art of India 1 Four Religions of India Brahmanism Buddhism Hinduism Jainism All four religions believe Life around us is an illusions Only Brahman, who is all inclusive, universal and external spirited reality that extends to all temporal and divine beings, is real and everlasting The faithful should strive to ascend to Brahman Bottom - Source: Art Beyond The West, By Michael O’Riley, Harry N. Abrams, Inc. 2002 End End 3 Art of India 1 4 Art of India 1 The Four Religions of India Common Characteristics of Traditional Indian Art Believe that a person can ascend to Brahma through meditation. This Art must have rasa, an emotional reaction of pleasure and satisfaction discipline of the mind and body is known as yoga. that visual arts, music, poetry and drama can give to the senses and spirit of the viewer. Worshippers must practice visualization of the gods. Artists create sculptures and painting in easily recognizable forms such as humans Reacting to art, the viewer becomes one with the art and all creation, and animals to help with this visualization. to transcend the world and become one with Brahman. Places of worship, shrines and temples, are permanent and are Art must go beyond description to appeal to the viewer’s heart and architectural replicas of the microcosms of the universe the gods have instincts, connecting the seen (unreal) with the unseen (but real) created. world. Bottom - Source: Art Beyond The West, By Michael O’Riley, Bottom - Source: Art Beyond The West, By Michael O’Riley, Harry N. -
Devaluation of Currency
Devaluation of Currency Subject: Global Economic Issues Presented to: Mr. Kamran Abdullah Presented By: Abdul Hameed Baloch BM-25011 Institute of Business & Technology, Karachi Institute Of Business & Technology (BIZTEK) Page 1 DEVALUATION OF CURRENCY TABLE OF CONTENTS S. No.Description ACKNOWLEDGEMENT PREFACE CURRENCY Institute Of Business & Technology (BIZTEK) Page 2 1.1 What Is Currency 1.2 Pakistani Currency 1.3 Role Of SBP DEVALUATION 2.1 Introduction 2.2 Devaluation In Modern Economies 2.3 Types Of Exchange Rate Systems 2.4 Country Devaluation 2.5 Effects Of Devaluation EXCHANGE RATE 3.1 SBP’s Policy About Currency 3.2 Exchange Rates FACTORS CAUSING DEVALUATION OF PKR 4.1 Balance Of Payment 4.2 Pakistan’s Balance Of Payment 4.3 Measures For Correcting Adverse BoP 4.4 Suggestions To Improve BoP 4.5 Depleting Foreign Reserves 4.6 Decreased Credit Rating 4.7 Law And Order Situation 4.8 Situation In Northern Pakistan 4.9 Proposed Remedy 4.10 Domestic Issues GLOBAL ISSUES 5.1 OVERVIEW 5.2 SUBPRIME 5.3 US, WAR ON TERROR, FOOD CRISIS AND MORE 5.4 DOLLAR AND CHINA CONCLUSION REFRENCES PREFACE The purpose of this study is to analyze the sharp drop in the value of PKR. The international crisis following the events of September 11, 2001 and the ensuing US attack on Afghanistan caught Pakistan in the crossfire, came with serious Institute Of Business & Technology (BIZTEK) Page 3 economic and political consequences for the country. With increasing number of refugees crossing the border, adverse Balance of Payments and deteriorating law and order situation, Pakistan is loosing the battle to maintain the strength of its currency which is devaluating at a helpless rate. -
India's Balance of Payments, 1921-22 to 1938-39
THE ECONOMIC WEEKLY March 18, 1061 India's Balance of Payments, 1921-22 to 1938-39 Estimates of Current and Long-term Capital Accounts Aran Banerji An attempt is made in this article to estimate India's balance of payments' daring the inter-war years. Compared to the few existing estimates, many new items have been assigned magnitudes and others revalued. Over the 18 years India imported over Rs 200 crores of long-term capital, but paid four to five times as much by way of interest charges. During the pre-war years, 1898-1913, too, capital imports fell short of debt services. For a complete assessment of the cost of foreign capital, to debt services must be added other remittan ces including coastal freights, remittances by exchange banking and out of incomes and accumulated savings of the foreign business and professional community temporarily resident in India. THE estimates of India's balance debit (or credit) for the exchange tive forces. These offset the first of payments submitted by the of evidences of indebtedness. movement and/or affect the current Government of India to the League and/or long-term capital account(s) This method perhaps found its of Nations from 1923-24 omitted first major use in Hobson's "The and are thus reflected in one or certain items in both the current Export of Capital" (London, 1911). more of the above categories. and, capital accounts, and covered Viner (''Canada's Balance of Inter We adopt Viner's threefold divi other items very inadequately. They national Indebtedness 1900-1913." sion of the current account, but not related only to British India, ex Harvard. -
Table of Contents
S&P BSE SENSEX Gold Hedged Indices Methodology April 2016 S&P Dow Jones Indices: Index Methodology Table of Contents Introduction 2 Partnership 2 Highlights 2 Index Family 2 Index Construction 4 Approaches 4 Index Calculations 4 Index Maintenance 6 Rebalancing 6 Base Date and History Availability 6 Index Governance 7 Index Committee 7 Index Policy 8 Announcements 8 Unscheduled Market Closures 8 Recalculation Policy 9 Index Dissemination 10 Tickers 10 FTP 10 Web site 10 Contact Information 11 Index Management 11 Product Management 11 Media Relations 11 Client Services 11 Disclaimer 12 S&P Dow Jones Indices: S&P BSE SENSEX Gold Hedged Indices Methodology 1 Introduction Partnership On February 19, 2013, S&P Dow Jones Indices and the BSE Ltd. (formerly Bombay Stock Exchange (“BSE”) announced their strategic partnership to calculate, disseminate, and license the widely followed BSE suite of indices. Highlights The S&P BSE SENSEX Gold Hedged Index and S&P BSE SENSEX Dynamic Gold Hedged Index seek to simulate the returns of an investment strategy which is long the S&P BSE SENSEX and hedged against changes in the Indian rupee versus gold. The indices are calculated by hedging the beginning-of-period S&P BSE SENSEX total return index values using rolling Multi Commodity Exchange (MCX) Gold Mini futures contracts. The hedge only protects against adverse movements in the relative value of the Indian rupee, as expressed in the rupee price of gold. Stock market risk is not hedged in any way. The results of the gold-hedged index strategy, versus that of an un-hedged strategy, vary depending upon the movement of the gold futures contract and the Indian rupee. -
For How Long Will the Indian Rupee Continue to Depreciate?
:: Issue Analyses For how long will the Indian rupee continue to depreciate? Choi Ho-sang Research Fellow, The Korea Center for International Finance he Indian economy has recently been at risk of coming to a deadlock due to the falling value of the rupee. The value of the rupee against the dollar has declined since August of 2011, T hitting a record low of 53 rupees to the dollar in December. The rate continued to fall from February of this year and reached 56.1 at the end of May. This figure is 21.2% lower than at the end of July of 2011. During the same period, among BRICs countries, the Indian currency depreciated the second most, after the Brazilian real (23.2%). It is feared that the sharp decline in the rupee is not merely currency devaluation, but could lead to a shortage of foreign currency. Some people even suggest the possibility of the next financial crisis. The degrading value of the rupee has emerged as the biggest risk for the Indian economy. ○● The rupee continues to fall despite government intervention In order to prevent the rupee from falling sharply, the Reserve Bank of 111 Autumn 2012�POSRI Chindia Quarterly India (RBI) has implemented a series of measures to attract capital and prevent currency speculation; for example, direct market intervention by purchasing foreign currency, a rise in investment ceilings on government and corporate bonds for foreign investors, and an increase in forex deposit interest rates for Non-resident Indians (NRI). While carefully monitoring foreign exchange rates and capital inflows with regard to raising interest terms of external commercial borrowings (ECB), the RBI is making efforts to prepare countermeasures. -
Journey of the Rupee; Meandering Through Turbulent Times
Asian Journal of Technology & Management Research [ISSN: 2249 –0892] Vol. 05 – Issue: 02 (Jun - Dec 2015) Journey of the Rupee; Meandering Through Turbulent Times Dr. Vinita Verma Assistant Professor Amity Global Business Schools Patna, India Email: [email protected], Mob No: 9835045580 Abstract: The article traces the history of the Indian either 4 paisa or 12 pies. So one rupee was equal to 16 Rupee till date. It journeys from 6th century BC in circa to annas, 64 paisa of 192 pies. present times. The word ‘rupiya’ is derived from a Sanskrit word ‘rupyarupa’, which means a coin of silver. The concept In 1957, decimalization of rupee occurred as given in of the paper is to study how the Indian currency has the table below: witnessed a slippery journey since independence .Many geopolitical and economic developments have affected its Dates Currency System movement in the last 65 years. The paper also attempts to From 1835 1 rupee=16annas=64pice study the implications of the rupee when after independence it chose to adopt a fixed rate currency regime. In spite of (pais'e=singular,paisa)=192 major financial crises and two consequent devaluation of the pies(singular=pie) rupee happened in 1966 and in 1991.Thus, making the government to lift restrictions on its currency. A number of reforms were made on current account transactions From 1st April 1957 1 rupee=100 naye' paise' (including trade, interest payments and remittance and some capital based transactions) leading to the introduction of partial convertibility of the rupee in 1992. The paper also From 1st June 1964 1rupee=100 paise' attempts to high light how a fall in crude prices will immediately have an impact on WPI (wholesale price index) inflation which in turn will have a direct impact on fiscal However, after a few years, the initial “naye” was deficit. -
IN the ISLAND PARTS of the INDIAN SUNDARBANS © WWF-India & ISGF 2020
Partner REPORT IND 2020 FEASIBILITY STUDY ON INTRODUCING ELECTRIC VEHICLES IN THE ISLAND PARTS OF THE INDIAN SUNDARBANS © WWF-India & ISGF 2020 Published by WWF-India & ISGF Reproduction is authorized, provided the source is acknowledged, save where otherwise stated. Cover Image: Schneider Electric India Foundation Acknowledgements We would like to acknowledge the contributions of the Department of Transport, Government of West Bengal, Department of Sundarban Affairs, West Bengal Renewable Energy Development Agency, and West Bengal State Electricity Distribution Company Limited. We would also like to thank all the officials of the relevant Gram Panchayats, and personnel from local transport unions, commercial banks and rural co- operatives who provided us the relevant data and information required for this study. The support by WWF International is duly acknowledged. Our special thanks to Secretary, Department of Transport, Govt. of West Bengal and Mr. Chapal Banerjee (Nodal Officer, Department of Transport, Govt. of West Bengal) for their support at every stage of the project. Our sincere gratitude also goes out to Mr. Ravi Singh and Dr. Sejal Worah for their constant support and encouragement. Project Team ISGF Reji Kumar Pillai, President Reena Suri, Executive Director Suddhasatta Kundu, Senior Manager (Technical Advisory) WWF-India Arjun Kumar Manna, Project Officer Subhro Sen, Senior Coordinator ─ Energy Access & Communities Sakshi Gaur, Assistant Manager, Communications - Climate Change and Energy T. S. Panwar, Director ─ Climate Change and Energy Disclaimer This report has been jointly prepared by WWF-India and ISGF with inputs based on survey responses, publicly available information and data gathered from different government and non-government organizations. WWF-India and ISGF disclaim any and all liability for the use that may be made of the information contained in this report. -
National Emblem - Interesting Facts to Know for IAS Exam
National Emblem - Interesting Facts to Know for IAS Exam National Emblem of India is a representative seal of Republic of India that is based on Lion Capital of Ashoka Pillar (based in Sarnath, Uttar Pradesh.) The motto of Indian National Emblem is ‘Satyamev Jayate’ or ‘Truth Alone Triumphs.’ it makes one of the National Symbols of India. Though the questions from this topic may not directly be asked in IAS Exam the important facts about the National Emblem can help aspirants in Mains exam and Essay. What is an Emblem? An emblem by description is “a heraldic instrument or symbolic object as a unique insignia of a nation, organization, or family”. The National Emblem of a nation is a seal that is earmarked for official purposes and orders the highest admiration and loyalty. For a nation, it is a symbol of power and signifies the foundation of its constitutional values. The Indian National Emblem was accepted on 26 January 1950 by Madhav Sawhney. According to rules, the National Emblem of India can only be used as per provisions of the State Emblem of India (Prohibition of Improper Use) Act-2005 and any unauthorized use is punishable under law. This article is about the National Emblem of India – historical background, rules related to the emblem, meaning of the symbols engraved in it. This topic is important for various government exams in the Prelims section. 14 Facts about National Emblem of India for UPSC A list of 14 facts about Indian National Emblem is provided below: 1. The Ashoka pillar, erected by Emperor Ashoka, has four lions seated back to back which imply power, courage, confidence and pride. -
Bloomberg Dollar Index
BLOOMBERG DOLLAR INDEX 2017 REBALANCE 2017 REBALANCE HIGHLIGHTS • Indian rupee added 2017 BBDXY WEIGHTS • Brazilian real removed Euro 3.0% Japanese Yen 3.8% 2.1% Canadian Dollar • Euro maintains largest weight 4.4% 5.1% Mexican Peso • Australian dollar largest percentage weight 31.6% British Pound 10.6% decrease Australian Dollar 10.0% Swiss Franc 17.9% • British pound largest percentage weight increase 11.5% South Korean Won Chinese Renminbi • Mexican peso’s weight continues to increase YoY Indian Rupee since 2007 STEPS TO COMPUTE 2017 MEMBERS & WEIGHTS Fed Reserve’s BIS Remove pegged Trade Data Liquidity Survey currencies to USD Remove currency Set Cap exposure Average liquidity positions under to Chinese & trade weights 2% renminbi to 3% Bloomberg Dollar Index Members & Weights 2017 TARGET WEIGHTS- BLOOMBERG DOLLAR INDEX Currency Name Currency Ticker 2017 Target Weight Euro EUR 31.56% Japanese Yen JPY 17.94% Currency % Change from 2016 to 2017 Indian rupee 2.090% *added Canadian Dollar CAD 11.54% British pound 1.128% South Korean won 0.382% British Pound GBP 10.59% Mexican peso 0.084% Canadian dollar 0.064% Mexican Peso MXN 9.95% Swiss franc 0.019% Australian Dollar AUD 5.12% China renminbi 0.000% Euro -0.195% Swiss Franc CHF 4.39% Japanese yen -0.510% Australian dollar -0.978% South Korean Won KRW 3.81% Brazil real -2.083% *deleted Chinese Renminbi CNH 3.00% Indian Rupee INR 2.09% GEOGRAPHIC DISTRIBUTION OF MEMBER CURRENCIES GLOBAL 21.50% Americas 46.54% Asia/Pacific 31.96% EMEA 11.93% APAC EMEA AMER 9.39% 9.44% 6.54% Japanese Yen -
Central Banking at the Periphery of the British
Macquarie University ResearchOnline This is the author’s version of an article from the following conference: Turnell, Sean (2007) The Elastic margin : central banking theory and practice in colonial Burma. Regarding the past : History of Economic Thought Society of Australia Conference (20th : 10 - 12 July 2007 : Brisbane). Access to the published version: http://www.uq.edu.au/economics/hetsa/HETSA%2020071%20Turnell.pdf The Elastic Margin: Central Banking Theory and Practice in Colonial Burma by Sean Turnell Macquarie University [email protected] Abstract The purpose of this paper is to bring to light efforts to fashion a central bank in Burma during the years in which the country was a province of British India. Throughout this era, which lasted from 1886 to 1937, questions of money and finance were chiefly the preserve of the Raj in Calcutta. Behind the scenes, however, plans to establish a central bank for Burma itself were promoted by imperial officials well-schooled in the great monetary and banking controversies of the age. These plans borrowed ideas from many likely and unlikely places but they were also innovative in their own right, and were not without useful insights for central banks everywhere. Lastly, this advocacy for a central bank in Burma was also indicative of a political economy discourse in the country that was more vigorous, and theoretically sophisticated, than is commonly supposed. JEL Classification: N25, E42, E58. Keywords: Monetary institutions, British Empire, Burma, Indian monetary reform. 1 I Introduction For most of the history of colonial Burma all the important questions of money and finance were decided upon in India. -
U.S. Ambassador to China Terry Branstad
U.S. Ambassador to China Terry Branstad On December 7, 2016, Governor Branstad announced that he had accepted the nomination from President-elect Donald Trump to serve as Ambassador of the United States to the People’s Republic of China. He was confirmed by the Senate on May 22, 2017, and was sworn in on May 24, 2017. Ambassador Terry Branstad was born, raised and educated in Iowa. A native of Leland, Branstad was elected to the Iowa House in 1972, ’74 and ’76, and elected as Iowa’s lieutenant governor in 1978. Branstad was Iowa’s longest-serving governor, from 1983 to 1999. As the state’s chief executive, he weathered some of Iowa’s worst economic turmoil, during the farm crisis of the ‘80s, while helping lead the state’s resurgence to a booming economy in the ‘90s. At the end of his tenure, Iowa enjoyed record employment, an unprecedented $900 million budget surplus, and the enactment of historic government overhauls that led to greater efficiencies in state government. As a result of Governor Branstad’s hands-on, round-the-clock approach to economic development, Iowa’s unemployment rate went from 8.5 percent when he took office to a record low 2.5 percent by the time he left in 1999. Following his four terms as governor, Branstad served as president of Des Moines University (DMU). During his 6-year tenure, he was able to grow the university into a world-class educational facility. Its graduates offer health care in all 50 states and in nearly every Iowa county. -
National Symbols
National Symbols National Flag 1. The National flag is a horizontal tricolour of deep saffron (Kesaria) at the top, white in the middle and dark green at the bottom in equal proportion. The ratio of width of the flag to its length is two to three. In the centre of the white band is a navy-blue wheel which represents the chakra. Its design is that of the wheel which appears on the abacus of the Sarnath Lion Capital of Ashoka. Its diameter approximates to the width of the white band and it has 24 spokes. The design of the National Flag was adopted by the Constituent Assembly of India on 22 July 1947. 2. Apart from non-statutory instructions issued by the Government from time to time, display of the National Flag is governed by the provisions of the Emblems and names (Prevention of Improper Use) Act, 1950 (No.12 of 1950) and the Prevention of Insults to National Honour Act, 1971 (No. 69 of 1971). 3. The Flag Code of India, 2002, took effect from 26 January 2002 which brings together all such laws, conventions, practices and instructions for the guidance and benefit of all concerned. 4. In an important judgement in January, 2004 the Supreme Court (under the chairmanship of the Chief Justice B. N. Khare) pronounce that unfurling (hoisting) of National Flag is a fundamental right under Article 19 (1) (A). Note : For the first time the National Flag of India was hoisted in the mid-night of 14th August, 1947. State Emblem 1. The state emblem is an adaptation from the Sarnath Lion Capital of Ashoka.