Crypto-Economy
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BENNETT, COLEMAN & CO. LTD. | ESTABLISHED 1838 | TIMESOFINDIA.COM | NEW DELHI ➤Occasionally snapping at your ➤How do you plan to spend your ➤ IPL match preview: All STUDENT EDITION kids is expected, especially with weekend? eyes on Samson, as TODAY’S everyone stuck indoors. We tell ➤Check out what your friends beleaguered RR take on THURSDAY, APRIL 15, 2021 Newspaper in EDITION you ways to mitigate the issue have reviewed this week Delhi Capitals Education PAGE 2 PAGE 3 PAGE 4 WEB EDITION CLICK HERE: PAGE 1 AND 2 CBSE CLASS X EXAM CANCELLED, XII The results of class X will be with the internal assessment, Around, 21,50,761 EXAM POSTPONED prepared on the basis of an he/she can give examination, students were scheduled objective criterion to be once situation gets normal to appear in the class X he Board exams for class X have been decision was made due to a spike in developed by the Board cancelled, and class XII exams have coronavirus cases. Several state boards have According to the Board, the CBSE Board exams, Tbeen postponed, said the Union already taken decision on the postponement The students of class X will class XII exams will be held while 14,30,243 be promoted on the basis of later, the situation will be ministry of education on Wednesday, after a of the Board examinations. Politicians, students were to take high-level meeting, chaired by Prime Minister students, teachers, parents, including the internal assessment reviewed on June 1 by the Narendra Modi. Union education minister Maharashtra and Delhi governments, had If a student is not satisfied Board the class XII exams Ramesh Pokhriyal said that the requested the Centre to cancel the exams. X-PLAINED UN chief's prescription for financial recovery CRYPTO-ECONOMY According to Nilekani, India FROM COVID-19 needs to close the $250 billion WHAT IS THE STATUS OF CRYPTO WHAT financing gap for India's CURRENCY IN INDIA? Infosys co-founder Nandan small businesses by attract- Nilekani has said that crypto- ing global, risk-tolerant pools In March this year, the Supreme Court struck down the Reserve economy may be one of the key of capital. So, the rapidly- Bank of India’s restrictions on using banking channels to buy or trade in ways for India in becoming a growing crypto-economy may cryptocurrency, which had limited trading of bitcoins to only peer-to-peer COUNTRIES, WHICH Vaccines must be available to inequalities. $5 trillion economy. Cryptocur- be one of the key ways, he transactions all the countries in need. To end We urgently need to strength- rencies should be treated as an said. The government is mulling a legislation to ban crypto currencies, and SAY AYE OR NAY 1the pandemic for good, we need en the international debt asset class like gold and real es- Besides, he is of the view TO THE CRYP- equitable access to vaccines for every- 4architecture to end the deadly tate, he added. Crypto-economy that the digital infrastructure introducing a central bank-regulated digital currency for the country one, everywhere. cycles of debt waves, global debt is the use of incentives and cryp- will actually make it easier TOCURRENCY There is a need to reverse the fall crises and lost decades. This starts tography (a method of pro- for the small stakeholders to In the United in concessional financing, includ- with a time-bound, open dialogue tecting information and com- get access to credit. Through Cryptocurrencies, which are digital money in electron- States, Canada, 2ing in middle-income countries. with all the stakeholders to build munications through the use e-commerce, small business- ic payment systems, generally do not require govern- Development assistance is needed trust and transparency. of codes, so that only those for es can get access to markets. Australia, The UK, more than ever. Donors and interna- Invest in people. We need a new whom the information is in- Similarly, if the RBI and the ment backing or the involvement of an intermediary such tional institutions must step up their social contract, based on soli- tended can read and process it) government can get more and as a bank. Instead, users of the system validate payments Germany, crypto assistance. 5darity and investments in edu- to design new types of systems, more companies on this using certain protocols currencies are legal; Make sure funds go where cation, decent and green jobs, applications and networks. Bit- digital highway, the growth they are needed the most. social protection, and health sys- coin, Ethereum, Zcash, and all will be significant, he asserts. Since the invention of bitcoin, the first cryptocurrency in 2008, the while China, Russia 3Latest reports indicate that there tems. blockchains are crypto economy The Indian Software use of cryptos have proliferated. In recent years, they experienced a and Vietnam have has been a five-trillion-dollar surge in Relaunch economies in a sus- products. Product Industry RoundTable rapid increase and subsequent decrease in value the wealth of the world's richest in the tainable and equitable man- (iSPIRT) has also called to tap made the use of past year. I urge governments to 6ner, consistent with the global cryptocurrencies to According to an estimate, as of March 2020, there were more than such tenders illegal consider a solidarity or wealth tax Sustainable Development Goals fund small and medium 5,100 different cryptocurrencies, worth about $231 billion on those who have profited during (SDG) and the Paris Agreement. WHY enterprises that are starved the pandemic to reduce extreme Antonio Guterres, secretary general, UN INDIA SHOULD GO FOR IT: of funds. Entertainment Nike to clean up used, returned sneakers and TOKYO OLYMPICS: put them back on shelves EXCITEMENT BUILDS ON... okyo 2020 Olympic ootwear giant Nike Inc has said that it will start refurbishing sneakers—from Games mascot Vapormaxes to Reacts, returned by shop- T Miraitowa poses F pers, and sell them at cheaper prices, a with a display of Olympic service offered increasingly by the retailers to reduce consumer waste. The Beaverton, Oregon- Symbol after an unveiling To qualify for refurbish- based company said, it would clean up gently- ceremony of the symbol on worn, like-new or slightly-imperfect sneakers ment, the sneakers Mt Takao in Hachioji, west by hand and resell them "at a value for con- Recycle need to be returned to sumers" at certain Nike stores. "Up to 15 US- of Tokyo, on Wednesday, to based stores will carry Nike Refurbished & the Nike stores with- mark 100 days before the footwear by the end of April 2021, with plans Reuse in 60 days of pur- to integrate more of this product at additional start of the Olympic Games 'GODZILLA VS KONG' US-based stores in the coming year," Nike said chase UNAFFECTED BY in a statement. PANDEMIC, MAKES $69.5 MN SINCE ITS RELEASE odzilla vs Kong' stormed to the top of the Science meets art in teen domestic box office, picking up $13.4 G million in its second weekend of release. That brings the monster mashup's stateside haul YOU RECEIVED A ‘LETTER FROM PM NARENDRA MODI’. PLEASE to $69.5 million, an impressive gross, consider- Q SHARE THIS EXPERIENCE WITH OUR READERS... ing it comes in the midst of a global pandemic. author’s CV! A. I wrote to PM Narendra Modi to share my tribute to The Legendary and Warner Bros release's robust commercial performance has been all the more 11 women scientists, and to thank him for inspiring ILINA’S notable because it comes as Covid re- [email protected] young girls like me. I also MESSAGE ON strictions are in place, limiting capac- ILINA SINGH balances many hats on her young head, shared my plan to write a MENTAL HEALTH TO ity in theatres, and also as the film is book on the lives of these available on HBO Max. effortlessly. All of 16, she has a book to her credit, a TEENS project on mental health with the WHO, first prize in a pioneers in science. It was a Finding a trusted adult to coding contest, art and poems to encourage girls to take dream come true to receive talk to, and knowing that 'Godzilla vs Kong' is now the up science, and a letter from the PM of India. Can a teen an appreciative response help is available, are top-grossing film of the pandemic want more? “Yes,” says Singh, who dreams of becoming a from the PM. His letter gave key to managing era, bypassing Christopher Nolan's physicist, and creating more art to lend colour to her me immense confidence in my mental health 'Tenet', which earned $58.4 million. The ideas. Hear her story … idea, and I wrote the book issues impenetrable 'Tenet' still far outranks 'Godzilla vs Kong', when it comes to sheer narrative confusion YOU ARE PLEASE TELL US SOMETHING ABOUT include their brief life story. But eventually undergoing mental stress. Also, hurtful labels Q INTO QYOUR BOOK thought that more people of my age should were used without really knowing what they Universal's 'Nobody', an action thriller CODING AS WELL When I had to fill my subject selection form in know their outstanding stories, and a book meant. My art project ‘Colours and Labels’ used came in second with $2.6 million. The film's AS ART. HOW DOES class X, I wanted to take up science, so I started seemed like the right step. So, I wrote my first simple objects found in the classroom to depict domestic total now stands at $15.6 million THE TWAIN MEET? looking at possible careers in the field.