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arabianculture-blog · 6 years

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Where is Saudi Arabia

Saudi Arabia, officially the Kingdom of Saudi Arabia is a country in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000 km sq., Saudi Arabia is geographically the largest sovereign state in the Middle East, the second-largest in the Arab world (after Algeria), the fifth-largest in Asia, and the 12th-largest in the world. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast and Yemen to the south; it is separated from Israel and Egypt by the Gulf of Aqaba. It is the only nation with both a Red Sea coast and a Persian Gulf coast, and most of its terrain consists of arid desert, lowland and mountains. As of October 2018, the Saudi economy was the largest in the Middle East and the 18th largest in the world. Saudi Arabia also enjoys one of the world's youngest populations; 50% of its 33.4 million people are under 25 years old.

The territory that now constitutes Saudi Arabia was the site of several ancient cultures and civilizations. The prehistory of Saudi Arabia shows some of the earliest traces of human activity in the world. The world's second-largest religion, Islam, emerged in modern-day Saudi Arabia. In the early 7th century, the Islamic prophet Muhammad united the population of Arabia and created a single Islamic religious polity. Following his death in 632, his followers rapidly expanded the territory under Muslim rule beyond Arabia, conquering huge and unprecedented swathes of territory (from the Iberian Peninsula in the West to modern day Pakistan in the East) in a matter of decades. Arab dynasties originating from modern-day Saudi Arabia founded the Rashidun (632–661), Umayyad (661–750), Abbasid(750–1517) and Fatimid (909–1171) caliphates as well as numerous other dynasties in Asia, Africa and Europe.

The area of modern-day Saudi Arabia formerly consisted of mainly four distinct regions: Hejaz, Najd and parts of Eastern Arabia (Al-Ahsa) and Southern Arabia ('Asir). The Kingdom of Saudi Arabia was founded in 1932 by Ibn Saud. He united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud. Saudi Arabia has since been an absolute monarchy, effectively a hereditary dictatorship governed along Islamist lines. The ultraconservative Wahhabi religious movement within Sunni Islam has been called "the predominant feature of Saudi culture", with its global spread largely financed by the oil and gas trade. Saudi Arabia is sometimes called "the Land of the Two Holy Mosques" in reference to Al-Masjid al-Haram (in Mecca) and Al-Masjid an-Nabawi (in Medina), the two holiest places in Islam. The state's official language is Arabic.

Petroleum was discovered on 3 March 1938 and followed up by several other finds in the Eastern Province. Saudi Arabia has since become the world's second largest oil producer (behind the U.S.) and the world's largest largest oil exporter, controlling the world's second largest oil reserves and the sixth largest gas reserves. The kingdom is categorized as a World Bank high-income economy with a high Human Development Index and is the only Arab country to be part of the G-20 major economies. The state has attracted criticism for its treatment of women and use of capital punishment. An autocratic monarchy, the kingdom has the world's third-highest military expenditure and, according to SIPRI, was the world's second largest arms importer from 2010 to 2014. Saudi Arabia is considered a regional and middle power. In addition to the GCC, it is an active member of the Organisation of Islamic Cooperation and OPEC.

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earaercircular · 2 years

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Brazil records 98.7% recycling of aluminium cans in 2021

Brazil recycled approximately 33 billion aluminium cans in 2021, which represents 98.7% of reuse of the material produced throughout the year. The figures were released recentlyt by the Brazilian Aluminum Association (Abal) [1] and the Brazilian Association of Aluminium Can Manufacturers (Abralatas) [2].

The two entities together form Recicla Latas,[3] an organisation that manages the term of commitment for the improvement of the reverse logistics system for aluminium beverage cans. This term was signed by the sector's associations with the Ministry of the Environment[4] in 2020. In it, the associations guaranteed the maintenance of the recycling rate of cans at a level of 95%, in compliance with the National Solid Waste Policy (PNRS). Reverse logistics is the process of reinserting discarded material into the production chain.

According to the entities, this is the highest index in the history of can recycling in the country, since the beginning of the mapping in 1990, being also one of the highest in the world. Of a total of 33.4 billion cans sold, about 33 billion were collected for the recycling process. As a result, approximately 1.9 million tons of greenhouse gases were no longer emitted into the atmosphere, according to calculations by business associations.

The aluminium recycling rates in Brazil are considered exemplary, especially in recent years, with rates that exceed 96% of reused cans, after completing their production, consumption and disposal cycle. This life cycle is usually short, approximately 60 days separate the manufacture of a new aluminium can and its return, as raw material, to the industry.

“For more than ten years, the recycling rate for aluminium cans has been at levels above 96%. Brazil is a benchmark (reference) in the sector for the world, thanks to the joint efforts of the entire supply chain and the investments of the aluminium industry in the modernization of the sector and in the expansion of collection and recycling centres”, highlights Janaina Donas, president from Abal.

One of the great benefits of aluminium recycling is that it serves as a source of income for thousands of Brazilians, who resell the cans so that the aluminium producing companies themselves create new products with lower costs. Another plus point of recycled aluminium is that materials made from it have the same quality as new.

Low overall index

Despite the excellent results of the aluminium sector, recycling of other products widely consumed in the country is low. The most challenging case is that of plastic. Despite being the fourth largest consumer of the raw material in the world, Brazil recycles only 1.29% of plastic, according to a study by WWF Brazil with data from the World Bank, released in 2019. The percentage differs greatly from the numbers reported by the Brazilian Association from the Plastic Industry (Abiplast)[5], which indicates that just over 23% of plastic waste is recycled in the country, according to 2020 figures.

In any case, the general rate of recycling of solid waste in the country is still around 5.3% of the total potentially recoverable, according to data from the National Sanitation Information System (SNIS)[6]. The survey is part of the most recent edition of the Urban Solid Waste Management Diagnosis[7], published in December last year, but with consolidated data for 2020.

Source

Petro Rafael Vilela, Brasil registra reciclagem de 98,7% de latas de alumínio em 2021, Agencia Brazil, 13-04-2022, https://agenciabrasil.ebc.com.br/geral/noticia/2022-04/brasil-registra-reciclagem-de-987-de-latas-de-aluminio-em-2021

[1] The Associação Brasileira do Alumínio – ABAL was founded on May 15, 1970 by Alcan Alumínio do Brasil Ltda, Alcominas (currently Alcoa Alumínio S.A.) and Companhia Brasileira de Alumínio (CBA), companies that produce primary aluminium, in addition to the transformers Aisa Alumínio Indústria Ltda, Asa Alumínio S.A. Extrusion and Lamination and Kaiser Alumínio do Brasil S.A. The company Aisa was incorporated, in the early 1980s, by Alcoa Alumínio S.A.; http://abal.org.br/a-abal/quem-somos/

[2] Abralatas, Associação Brasileira dos Fabricantes de Latas de Alumínio, is a non-profit civil association created in March 2003 by Brazilian aluminum beverage can manufacturers, to establish the exchange of experiences with society and promote the development and increase the competitiveness of this packaging and its production chain in Brazil. https://www.abralatas.org.br/#abralatas

[3] Recicla Latas, a management entity created in 2021, is responsible for improving the actions provided for in the Term of Commitment for the reverse logistics of aluminium beverage cans signed with the Ministry of the Environment. The recyclers affiliated to ABAL (Associação Brasileira do Alumínio) and the manufacturers of aluminum cans associated to Abralatas (Associação Brasileira dos Fabricantes de Latas de Aluminio) have teamed up to improve the reverse logistics of aluminium beverage cans, with a focus on keeping the recycling rate above 95% and strengthening the environmental awareness of the population and public managers. https://agenciabrasil.ebc.com.br/geral/noticia/2022-04/brasil-registra-reciclagem-de-987-de-latas-de-aluminio-em-2021

[4] The Ministério do Meio Ambiente (Ministry of the Environment - MMA), created in November 1992, has the mission of formulating and implementing national environmental public policies in an articulated and agreed manner with public actors and society for sustainable development. The MMA's vision of the future is to be recognized by society and by the group of public actors for its excellence, credibility and efficiency in protecting the environment. https://antigo.mma.gov.br/institucional.html

[5] The national sector of processed plastics and recycling has been represented and supported for more than five decades by the Associação Brasileira da Indústria do Plástico (Brazilian Association of the Plastic Industry - ABIPLAST), since the segment began to develop in the country. The work started in 1967 currently serves a total of 12,000 companies and 325,000 professionals. http://www.abiplast.org.br/a-abiplast/

[6] The Sistema Nacional de Informações sobre Saneamento (National Sanitation Information System - SNIS) is based on a database managed by the SNSA, which contains operational, managerial, financial and quality information on the provision of water and sewage services and on of urban solid waste management. In relation to water and sewage services, the data are updated annually for a sample of service providers in Brazil, since the base year of 1995. In the case of solid waste management services, the data are also updated annually for a sample of Brazilian municipalities, since the base year of 2002. http://www.snis.gov.br/

[7] DIAGNOSTICO_TEMATICO_VISAO_GERAL_RS_SNIS_2021.pdf

#circular economy #recycling plastics #recycling aluminium

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jyotifestpost · 3 years

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AU Bank rallies 24% n the last six on strong Q3 update: stock hits 10-week high

Shares of AU Small Finance Bank (SFB) hit a 10-week high of Rs 1,289.55, up 4.5 per cent on the BSE in Tuesday’s intra-day trade. The stock of the private sector lender was trading at its highest level since October 28, 2021. It had hit a 52-week high of Rs 1,389 on August 24, 2021.

Thus far in the month of January, in the last six trading days, the market price of AU SFB has appreciated by 24 per cent after it reported a sequential growth of 10.6 per cent and yearly growth of 26.5 per cent in total assets under management (AUM) to Rs 42,027 crore in the October-December quarter (Q3FY22). In comparison, the S&P BSE Sensex was up 4 per cent so far in the current month.

"Q3FY22 was near-normal quarter for the Bank with strong growth seen in advances, disbursements and deposits across all businesses and customer segments supported by a good festive season. The customer cashflows continue to improve supporting recovery trends and asset quality in the quarter.", AU Small Finance said in its provisional business update on January 4, 2022.

On a gross advances basis, the bank witnessed a growth of 11.9 per cent QoQ (+33.4 per cent YoY). The bank saw a significant improvement in the overall business environment, which resulted in strong disbursements. In Q3FY22, disbursements were up 59 per cent QoQ (+33 per cent YoY) at Rs 8,152 crore. Disbursements included ECLGS of Rs 48 crore in Q3FY22. The bank is witnessing strong traction in the Credit Cards business.

Cumulative collection efficiency improved to 107 per cent in December 2021. However, asset quality will be the key monitorable, given possibly strict adherence to RBI norms on NPA upgrades. Any prolonged lockdown could cast a shadow on the bank's asset quality, more so in its wheels (3W) and SBL portfolios, said Emkay Global Financial Services.

Unlike last year, the bank will not have one-off gains from the Aavas Financiers stake sale, but we believe the bank should use healthy core profitability in Q3 to strengthen its provision cover, which advertently remains below 50 per cent, raising investor concerns. The stock has corrected folowing senior management exits in risk/audit functions, which are now more or less refilled with internal postings, the brokerage firm said in a flash note, with a ‘hold’ rating on the stock.

AU Small Finance Bank also posted a robust growth in advances, led by strong disbursements, due to an overall improvement in the business environment. Deposit growth too remains strong, led by robust CASA growth, resulting in a further improvement in CASA ratio. On the asset quality front, collection efficiency remains strong (in excess of 100 per cent), which is likely to result in an improvement in asset quality ratios, providing further comfort, Motilal Financial Services said in an update.

#au bank #au small finance bank #banking #markets #buzzingstocks #news

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perfectirishgifts · 4 years

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Christmas Shopping In The Age Of COVID-19: A Fraudster’s Paradise

New Post has been published on https://perfectirishgifts.com/christmas-shopping-in-the-age-of-covid-19-a-fraudsters-paradise/

Christmas Shopping In The Age Of COVID-19: A Fraudster’s Paradise

As we enter the Christmas season with restrictions still in place, there is little sign of online shopping slowing down. Even with non-essential shops open again for the Christmas rush, there won’t be the usual crowds flocking – and older generations, the vulnerable, working parents, and many more will be spending millions online.

Rather than storefronts decked out with lights and glamorous gifts, the focus is firmly online. In the UK, online sales reached a record high of 33.4% during the first lockdown, skyrocketing almost 80% from its high in 2019. But naturally, as more customers shift online, fraudsters are just a step away.

According to research from YouGov, adults are spending 15% more time online since lockdown began in March. With this, almost a third of adults feel more vulnerable to fraudsters since the rise of internet shopping and banking – this figure is likely to rise as we spend more time online. In fact, UK Finance reported that more than £27 million was lost to online fraud in the first half of 2020, and before Black Friday, they warned online shoppers to stay alert to scams, highlighting the rising threat of fraud.

We must also note that households spend over £800 more than usual in December, spending 16% more on food, 43% more on clothing, and 68% more on computers. Now, imagine most – if not all – of this shopping taking place online. We may have reached the fraudster’s paradise.

That’s why businesses large and small know that to win and keep customers spending, they must offer a simple experience without sacrificing security.

Fraud doesn’t stop at Christmas

According to UK Finance, people interested in gaming, bicycles and clothing are most at risk of fraud. Increasingly, fraudsters have been tricking consumers into buying goods that never existed and will never be received, using long shipping delays as a cover: by the time you realise the company you bought from is unreachable and nowhere to be found online, it may be too late for you to report the fraud to your bank and get a refund.

A fraudster is only as good as his tools. Unfortunately, bad actors are constantly adapting to the latest technologies, whether through impersonating businesses and organisations that people regularly shop at or sending phishing emails to collect their personal data.

Sadly, there are many possibilities. Remember that email you received from a clothing company advertising the best Black Friday deals? If you check the email closely you might notice a dodgy address – perhaps a 0 instead of an o. Or maybe a fraudster simply steals login details so they can access saved card details, making further purchases themselves or even opening lines of credit under a stolen identity. The list goes on.

As people frantically prepare for a Christmas like no other, they’re more likely to fall into a carefully laid-out trap set by a fraudster. It might seem like this is out of retailers’ hands – but it’s not. If we know how fraud is happening, how can retailers ensure their customers are protected?

‘Tis the season for security

To welcome new customers and win their trust, retailers need to provide a seamless customer experience. Businesses want to reduce basket abandonment rates and ensure customers leave with a smile. A major part of winning trust is ensuring customers feel safe and secure when shopping online, and implementing the technologies that protect both the business and the customer.

These secure methods are already being used for millions of transactions every day. This has ramped up in recent months due to rules around Strong Customer Authentication (SCA) regulations. Customers now have to authenticate themselves using at least two of the following criteria: something they have, something they are and something they know.

Something you have could be an ID document or credit card. What you are could be your fingerprint or a selfie – something that biometrically identifies you as you. Something you know could be your PIN or the answer to a security question. It’s the combination of at least two of these criteria that authorises payments, working hard to keep fraudsters out.

When you use Apple AAPL Pay for instance, you verify yourself with either your fingerprint or Face ID, in addition to giving your payment details. This checks off the have and the are. Alternatively, identity verification technologies are used by payments providers like PayPal PYPL . Everyone who signs up to PayPal, whether that is to send money around the world or to potentially buy or sell online, has several hoops to jump through to prove they are who they say they are – such as identity verification technologies.

By verifying your identity using a selfie and a photo of your ID document, shopping can feel a little more secure – but still only take a few seconds to process. What’s more, banks and payments providers often ramp up this verification for large transactions or after a period of consistent transactions – adding another layer of security to what could be seen as “riskier” payments.

Putting digital trust first

The payments we make online are more important than ever. Whether consumers are turning to their favourite retailers’ flashy online store, or new small businesses to support local and shop small, it is vital these individuals are shielded from fraudsters – and the technology exists and is being used to ensure this doesn’t happen.

This year has been characterised by a new sense of trust with the digital world. When we can’t go into shops in person or meet small business owners at markets and fairs, businesses need to work hard to give customers peace of mind that they can be trusted online too.

More from Fintech in Perfectirishgifts

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mysimsloveaffair · 2 months

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Maia heads back inside. Moments later, I get a call from Luca.

Luca: I’m outside your place.

Wade: Cool, I’m on my way!

Luca was created by @storiesbyjes2g

#banks day 33.4 #sims #sims 4 #TS4 gameplay #TS4 legacy #black simblr #san sequoia #banks fam #bankgen4 #adolting gen 3 #storiesbyjes2g

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amshrihari · 4 years

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SANITATION VEHICLE MARKET ANALYSIS

Sanitation Vehicles Market, By Type (Garbage Collection Vehicles, Street Sanitation Vehicles, Street Sweeping Vehicles, Hybrid Vehicles, and Others), By End User (Municipal Corporations, Private Companies, Hospitals and Clinics, and Government Bodies), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Press Release : Sanitation Vehicles Market

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Sanitation vehicles are used to collect both solid and liquid waste from the streets and it is also used to sweep or wash the streets. There are different types of sanitation vehicles such as garbage collection vehicles, street washing vehicles, and street sweeping vehicles. The sanitation vehicles are widely used in the industries such as construction, healthcare, and chemical industries. Waste management gained importance in the recent years due to rapid industrialization and increasing population.

The global sanitation vehicle market is expected to witness significant growth during the forecast period (2020–2027). The growth of the sanitation vehicle market is majorly attributed to disposal of wastes generated by various hospitals and clinics. Hospital wastes include used syringes, needles, used swabs, plasters, and bandages. The hospital wastes contain infection materials that needs to be taken care of immediately. Specially designed sanitation vehicles are required to collect hospital wastes.

The major factor restraining growth of the global sanitation vehicle market is high operational cost of sanitation vehicles. These heavy sanitation vehicles have low average due to its heavy weight. Manufactures across the globe are focusing on reducing the weight of sanitation vehicles.

Sanitation Vehicle Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 pandemic is expected to drive growth of the market during the forecast period. This is owing to increasing demand for sanitation vehicles during the COVID-19 pandemic. COVID-19 is a very infectious disease, which spreads directly or indirectly. It can spread directly when an individual patient comes in direct contact with COVID-19 patients. The COVID-19 droplets survive on the surfaces for many days. Owing to these factors, the demand for sanitation vehicles to spray disinfectants on the streets and public areas is increasing. For instance, in February 2020, the Government of China dispatched wide number of sanitation vehicles to spray disinfectants in the Wuhan region.

North America is expected to hold dominant position in the global sanitation vehicle market during the forecast period

Statistics:

North America held dominant position in the global sanitation vehicle market in 2019, accounting for 33.4% share in terms of value, followed by Europe and Asia Pacific.

Figure 1: Global Sanitation Vehicle Market Share (%), By Region, 2019

North America held dominant position in the global sanitation vehicle market in 2019 and is projected to retain its dominance throughout the forecast period, owing to increasing need for sanitation vehicles in the North America region.

According to the World Bank data, the waste produced in the North America region in 2016 was 289 million tons. The amount of waste generation is expected to increase over the forecast period. As the amount of waste is increasing day by day, the need for sanitation vehicles such as garbage trucks is also expected to increasing significantly during the forecast period.

Asia Pacific region is expected to exhibit highest growth during the forecast period. This is owing to the initiatives taken by various governments. For instance, the Government of India launched ‘Swatch Bharat Abhiyan’, a country wide campaign for the period 2014 to 2019, to improve solid waste management in the rural and urban areas of India. Owing to the above mentioned factors, the sanitation vehicle market is expected to witness significant growth during the forecast period.

Major players operating in the global sanitation vehicle market include Ceec Trucks Industry, Dongfeng Motor, Cheng Li, Curbtender, Cnhtc, Zoomlion, Foton car, Fujian Longma sanitation, Dennis Eagle, Labrie Enviroquip, Faun, McNeilus Truck & Manufacturing, EZ Pack, and Bridgeport Manufacturing.

Surge in demand for dump trucks or garbage collection in the construction industry is expected to drive the market growth during the forecast period

Among end users, the municipal corporations segment is expected to hold dominant position in the global sanitation vehicle market during the forecast period. This is owing to increasing demand for sanitation vehicles by the municipal corporations across the globe. For instance, in August 2019, Dhanbad Municipal Corporation deployed five street washing trucks in Dhanbad district area to clean the streets. The demand for sanitation vehicles such as street washing and sweeping vehicles is also expected to increase during the forecast period.

Figure 2: Global Sanitation Vehicle Market Value (US$ Mn), 2017 - 2027

The global sanitation vehicle market was valued at US$ 3,377.5 Mn in 2019 and is expected to reach US$ 5,544.3 Mn by 2027 at a CAGR of 5.4% between 2020 and 2027.

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thaimassagegreenock · 4 years

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Changes in Covid infections by age and nation

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The {2011 UK Census|UK Census of 2011} {showed|indicated} that {Greenock had a|Greenock's} {civil|} population {of|was} 44,248, {which was|} {a decrease from|lower than} the 46,861 {recorded|returned} {in|during} the {2001 UK Census|UK Census of 2001}. It {lies|is situated} on the {south|southern} {bank|shores} of the {River|} Clyde {at|by} the "Tail of the Bank" {just where|where|close to where} the {River|} Clyde {expands|opens|opens up} {into|in to} the Firth of Clyde.

{News|News reports|Stories} {and|&} {helpful|useful|interesting|important} {updates|up-dates|posts|tips|info|information} on {Greenock|Scotland|our local area Greenock|the Greenock area|the town of Greenock}.

[/wpts_spin]

By Russell Bruce

The amount of data collected for Covid infections is indicative of changing patterns in how different age groups are becoming infected. In this analysis of infections by age groups in England and Scotland a word of caution is required because it it a snapshot of total infections over a single 7 day period.

Nevertheless the broad trends in age group infectivity are being seen in other countries. In comparing data for England and Scotland there is a broad similarity in the percentage of working age (25-64) cases. That Scotland is slightly lower at 55.8% against 59.2% is probably not statistically significant as daily infection rates over each 7 day period are likely to fluctuate.

Under 25s

On the face of it the higher percentage of under 25s infected in Scotland (40.6%) compared to England (33.4%) could be a concern if this becomes a continuing trend and not the outcome of a snapshot in time. Scottish schools started before England. Infection rates in under 14’s are broadly in line with respective population size in both nations. The infection rates in Scotland for 15-19 and 20-24 age groups indicate Scotland has higher rates of infectivity which would be a concern if longer term analysis indicates this is also not a distortion of a particular 7 day snapshot.

The highest number of infections for both England and Scotland were in the 20-24 age group which is not surprising given analysis of new clusters north and south of the border.

Individuals in this 5 year age band accounted for just under 17% of infections in England and 20% in Scotland.

Are older people keeping safer in Scotland?

Infectivity in older age groups at less than half the infection rate in England is clearly a positive indicator. Scotland has an older population although life expectancy is lower. Life expectancy also varies in England and it is the North West where large clusters are most pronounced in areas of deprivation, multi generational households, overcrowding and BAME communities.

The differences between Scotland and England in older age groups in the table (below) are very encouraging. Just 3 over age 85 infections in Scotland compared to 183 in England.

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{This|The above} {article|post}[/wpts_spin] "Changes in Covid infections by age and nation" was [wpts_spin]{first |initially|originally} {shown|published} {here|on this site}.

{I|We} {hope|trust} {that |}you found the {above|{post|article} above} {useful|of help} {and/or|or|and} {interesting|of interest}. {You can find similar content|Similar content can be found} {on our {blog|main {site|website}website}|here} {Thai Massage Greenock|thaimassagegreenock.co.uk|}. {Please let me have your feedback|Let me have your feedback} {below in the comments section|in the comments section below}. Let us know {what|which} {topics|subjects} we should {cover|write about} for you {in future|in the future|next}.

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source https://thaimassagegreenock.co.uk/changes-in-covid-infections-by-age-and-nation/

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jimmiejcrochet · 4 years

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Nifty at 11000 or 9000 – Take your Guess . Banks and Financials down to 33% weight from 40.

In our last post on the calculator Nifty at 5000 or 7500 on downside or 10000 or 12000 on Upside –Take Your Guess.

Now we are at 10k. Now another time to take a guess where to 9000 or 11000. You can try going beyond this range too.

Nifty Calculator – Click to Download

What is Nifty Calculator ?

-> As per the weightages given by NSE for Nifty stocks we have created the Nifty Calculator.

-> Change the expected price and the expected Nifty will change accordingly

-> Create 3 different sheets for yourself–

Pessimistic ( where you put the worst possible prices you think . Default 15% down )

Optimistic ( the best prices possible. Default 15% up)

Neutral/Rational/Technical / Fundamental ( prices on any reasoning )

Please Note as weightages change every day by small margin this will not give an accurate estimate but will be approximate.

How to Guess?

Everyone has a view on Nifty based on Macro, PE, Valuations, Technicals, Waves etc. Try to grill it down to the constituents. It should be a reflection of your actual guesstimate.

Just estimating wild scenarios on the top 20 stocks is enough given the 80% weight.

Start with changing default fall to 5-10-15-20-40-80 or rise to 5-10-20-40-80.

Then change stocks which you think may not do the default move.

Do send me the Excel Sheet if you get beyond 5000 or 12000 !! ( Mail me on [email protected] or 9819225396 )

Interesting Observations

Top 20 Stocks are 78.86% of the Index. Lower than the peak of 80.4% .

Top 10 Stocks are 61.58% of the Index. Some reduction from 62.5%

After a long time top 2 stocks command 20% or more weight in the Index. 22.22% to be precise.

Banking and Financials continues to see weight drop from 40% to 33.4% .

HDFC and HDFC Bank have a weight of 17.54%

Last 20 of Nifty have a weight of only 11.5%. Equivalent to a Reliance.

May-20 Apr-20 Mar-20 Oct-19 Sep-19 Aug-19 Jul-19 Sector Weight(%) Weight(%) Weight(%) Weight(%) Weight(%) Weight(%) Weight(%) FINANCIAL SERVICES 33.34 36.19 36.51 39.48 39.29 39.48 40.25 IT 14.66 14.48 15.04 13.01 13.88 15.36 14.8 CONSUMER GOODS 13.41 13.08 14.46 12.39 12.35 11.04 11 OIL & GAS 14.29 13.92 12.45 15.3 14.74 14.42 13.97 AUTOMOBILE 5.55 5 4.54 6.11 5.52 5.42 5.16 TELECOM 3.59 3.16 3.13 1.78 1.94 1.94 1.87 CONSTRUCTION 2.89 2.7 2.79 3.72 3.86 3.65 3.78 PHARMA 3.35 3.11 2.72 2.15 2.07 2.33 2.31 METALS 2.7 2.62 2.52 2.93 3.03 2.96 3.29 POWER 2.2 2.13 2.26 CEMENT & CEMENT PRODUCTS 2.41 2.12 2.22 1.5 1.57 1.56 1.69 SERVICES 0.63 0.55 0.54 0.64 0.69 0.64 0.66 FERTILISERS & PESTICIDES 0.56 0.56 0.5 0.67 0.7 0.69 0.72 MEDIA & ENTERTAINMENT 0.42 0.35 0.32 0.33 0.35 0.49 0.48

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Nifty at 11000 or 9000 – Take your Guess . Banks and Financials down to 33% weight from 40. published first on your-t1-blog-url

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jobsearchtips02 · 4 years

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More Problem Expected in Joblessness Numbers: Live Business Updates

Right Now

The Labor Department will launch the tally of last week’s jobless claims at 8: 30 a.m. Eastern.

U.S. joblessness claims are anticipated to technique 40 million.

The coronavirus pandemic has produced a somber Thursday ritual: the tally of joblessness claims across the United States.

In its report at 8: 30 a.m. Eastern, the Labor Department is anticipated to put the figure for last week at 2.4 million, according to an agreement of experts pointed out by Bloomberg. That would suggest new claims are leveling off, however not declining, and would bring the nine-week overall to about 39 million.

A recent family survey from the Census Bureau suggests that the pain is widespread: Nearly 50 percent of adults said they or a member of their family had actually lost employment earnings considering that mid-March. Almost 40 percent expected the loss to continue over the next four weeks.

And there is increasing concern that lots of tasks are not returning, even for those who consider themselves laid off momentarily.

Nicholas Bloom, a Stanford University financial expert who is a co-author of an analysis of the pandemic’s effects on the labor market, approximates that 42 percent of current layoffs will result in irreversible job losses. “I dislike to say it, however this is going to take longer and look grimmer than we thought,” he stated of the course to healing.

Wall Street set for a downbeat open as international markets cool.

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Wall Street in Manhattan this month. Credit … Vincent Tullo for The New York City Times

U.S. stock futures slipped and European markets were lower on Thursday as financiers stayed cautious in spite of some new information that painted a somewhat brighter photo for the economy.

Futures markets were predicting Wall Street would open lower, after the S&P 500 increased almost 2 percent the day before. Major European markets fell about 1 percent, following a lower day in Asian markets.

Investors were bracing for the current figures on unemployed claims from the U.S. Labor Department, which were expected to show that the rise of layoffs is continuing.

However financial data from Europe provided more optimism. A monthly flood of European purchasing supervisors’ index reports revealed business activity slowly getting: The euro-area production index can be found in at 39.5 points, higher than expected and up from 33.4 last month, while the services index rose to 28.7, from 12.0 last month.

The numbers for Britain likewise showed an upswing: The manufacturing index reached 40.6, up from 32.6 past month, and the services sector reached 27.8, up from 13.4.

The reports, based on surveys of executives and released by the analysis company IHS Markit, still show company activity far below typical, said Chris Williamson, primary business financial expert at the business.

” The eurozone saw a more collapse of organisation activity in May, but the study data at least brought reassuring indications that the recession likely bottomed out in April,” he stated.

In Asia, month-to-month trade figures in Japan showed a nearly 22 percent fall from a year earlier, underscoring the weakness of demand for the goods that the nation’s factories make. Heated rhetoric in Washington against China raised the prospect that relations in between the world’s 2 greatest economies would weaken even more. Investors also worried about intensifying tensions between China and Australia, a nation that depends on Chinese demand to fuel huge parts of its economy.

In other markets, rates for U.S. Treasury bonds rose– a sign of unfavorable market sentiment– as careful investors like to park their money in American financial obligation.

And oil continued its rally, in the middle of signs that significant producing nations were sticking to strategies to curb output. West Texas Intermediate, the U.S. crude benchmark, was up more than 2 percent to over $34 a barrel.

Bank of China billed petroleum as a winner. Financiers are deep in the red.

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Bank of China sold customers an investment product, Petroleum Treasure, that had individuals actually owing the bank more than they paid when oil prices crashed last month. Credit … Brent Lewin/Bloomberg, through Getty Images

One of China’s biggest and most established banks made the financial investment seem like a certainty: Buying barrels of petroleum would make investors cash whether the price increases or falls, the bank said.

That was not exactly true. When international oil rates crashed last month in the middle of the coronavirus crisis, those who had bought the investment item, called Petroleum Treasure, lost their money and then some. Since of a peculiarity in global oil markets, Bank of China stated, investors owed the loan provider a lot more money, particularly $3763 for every barrel they had actually purchased.

The outrage that followed has actually exposed the plight of small financiers in the world’s second-largest economy. They have couple of safe locations to park their money. They enjoy minimal legal protections compared with investors in other nations. And when they oppose, they are frequently silenced by the authorities.

For Beijing, the timing is bothersome. Lots of people in China are struggling to conquer the economic devastation caused by the coronavirus break out. The country’s lawmakers are set to fulfill on Friday for their postponed annual legal session Angry, outspoken financiers would produce an unwanted image.

Chen Xueming, a financier in Crude Oil Treasure who has a son about to head to college, said, “This product completely exceeded what we can bear.”

Mr. Chen bought over $6,000 worth of futures connected to 216 barrels through a Bank of China smartphone app. After oil crashed, he owed nearly $12,700

Japan’s trade data shows the depth of the worldwide slump in demand.

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Utilizing Sony Xperia mobile phones at the Tokyo Video game Program in 2015. Credit … Issei Kato/Reuters

New economic data from Japan on Thursday showed the depth of the slump in global need, a more bleak sign for a country that depends upon exports for much of its development.

Japan’s exports as determined by value slumped by more than a fifth in April compared to a year previously, the nation’s Finance Ministry reported The depression was broad, with deliveries to both the United States and Europe down by approximately one-third.

The drop was extensively in line with financial experts’ estimates, according to surveys by Bloomberg and Reuters. But it was still the largest because 2009, when the world was facing the financial crisis.

Japan never ever reached other nations that locked down their economies to stop the spread of the coronavirus. Its economy has nonetheless been struck hard by the pandemic, as well as by a tropical storm late last year and a severely timed tax increase on customers. On Monday, Japanese authorities stated the nation’s gross domestic product diminished for the second straight quarter, making it the largest economy to fall under economic crisis thus far amid the break out.

The remainder of the world’s troubles are also weighing on Japan’s fortunes. The country is a major exporter of ended up manufactured goods in addition to essential parts, including the cameras in smart devices, sensors, high-end circuits and precision steel. As shops and factories stay closed around the world, exports will remain a weak spot for the world’s third-largest economy.

Trade data used one partial brilliant area: Japan’s exports to China, its largest trading partner, fell just about 4 percent. Still, it underscores how much Japan will depend on China’s own healing from the break out.

Fulfilling Britons’ ‘obscene’ need for flour.

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Wessex Mill, a craftsmen mill, momentarily ramped up its operation to 24 hours a day, 7 days a week. Credit … Alex Atack for The New York City Times

A week before Britain came to a dead stop in mid-March, the Wessex Mill discovered itself fielding nearly 600 calls a day requesting among the country’s hottest commodities: flour.

The mill in Oxfordshire has actually produced almost 13,000 little bags of flour each day during the coronavirus pandemic, a fourfold increase. Need led Emily Munsey, a miller who runs business with her father, to hire more personnel and to include afternoon and graveyard shift to keep the mill running 24 hours a day, 7 days a week, for the very first time in its 125- year history.

” It’s been really challenging as a business. The amount of work we have actually all needed to do has increased a big quantity,” said Ms. Munsey, who has since downsized to five days a week, though still all the time, to offer employees a weekend break. “Demand stays consistently profane.”

Commercial mills produce nearly 4 million tons of flour each year in Britain, according to the National Association of British and Irish Flour Millers. With much of the country stuck at home, baking has actually surged, and retail-size flour bags have actually become limited on grocery racks.

” We’re a craftsmen flour mill,” said Ms. Munsey, whose clients consist of wholesalers and pastry shops across Britain that purchase up to 10 lots of flour a week. “We’re not somebody who has actually previously produced large quantities of flour, and now people simply want lots and lots and lots of flour.”

On a mission to secure masks, Bethenny Frankel found an international marketplace of outlaws and exaggerations.

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Bethenny Frankel in the house in Bridgehampton, N.Y. Credit … Joe Carrotta for The New York City Times

It was late March, with the coronavirus beginning to peak in New York and healthcare facilities currently running short on materials, when Bethenny Frankel, the entrepreneur and truth tv star, got an e-mail from a press agent offering her access to 500 million medical masks.

Ms. Frankel was intrigued. While spending eight seasons on the “Genuine Homemakers of New York City City,” she started flying to locations like Guatemala and the Bahamas to help in disaster relief. Now, with the catastrophe down the road, she wanted to help. She called the New York guv’s office, and her house state drafted her to discover masks.

So started Ms. Frankel’s journey into the market for masks, a sort of high-stakes house of mirrors, where lives and millions of dollars were on the line and things were seldom what they appeared.

Ms. Frankel’s course through the mess, the characters she came across and the fact that states relied upon a Genuine Housewife to discover lifesaving medical gear all reflected the weak preparations of federal government and market and the opportunism that typically follows catastrophe.

Catch up: Here’s what else is happening.

L Brands, the owner of Victoria’s Secret and Bath & Body Works, posted a first-quarter net loss of nearly $300 million on Wednesday and stated that net sales fell 37 percent in the quarter, to $1.65 billion. Sales at Victoria’s Secret fell by almost half, while Bath & Body Functions was somewhat much better with an 18 percent decrease, although most of the business’s stores have been closed given that March17 The business, which recently scuttled an offer to sell Victoria’s Secret to a personal equity company, will hold its earnings get in touch with Thursday early morning.

Reporting was contributed by Geneva Abdul, Jack Nicas, Patricia Cohen, Mohammed Hadi, Sapna Maheshwari, Alexandra Stevenson, Cao Li, Carlos Tejada, Katie Robertson, Daniel Victor and Kevin Granville.

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indiavacancyjob · 4 years

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Current Affairs - 3rd May 2020

For cracking any competition exams, the current affairs and general knowledge are mandatory. Current Affairs is an essential part of any competitive exam, so we thought of a system that will help people in Current Affairs. Union Minister of Environment, Forest and Climate change Prakash Javadekar attended the 11th session of “Petersberg Climate Dialogue” on behalf of India on April 28, 2020. The dialogue was hosted by Germany and co-chaired by the United Kingdom. The Ministry of Home Affairs clarified rules regarding opening of shops/services during lockdown. Barber shops and salons located in green and orange zones will be allowed to open. These are not allowed to open in red zones. In green and orange zones, sale of all items by e-commerce platforms permitted. In red zones, the e-commerce companies are allowed to sell only essential commodities. Liquor shops could open in all zones except containment areas. Sales allowed of the shop is a standalone one and is not located in markets or malls. Classifications of districts into ‘Red’, ‘Orange’ and ‘Green’ zones is done based on COVID-19 risk profiling. Union Culture Minister Prahlad Singh Patel launched an e-book titled “Prof. B.B. Lal: India Rediscovered”. Over 5 million people faced displacements in India in 2019, which is the highest in the world as per the Global Report on Internal Displacement (GRID 2020). The report was released by the Internal Displacement Monitoring Centre. As per the report, 33.4 million people faced displacements in the world due to conflicts and disasters. CSIR-Central Road Research Institute has developed “Kisan Sabha App” to connect farmers to supply chain and freight transportation management system. The United States was the top military spender in 2019, followed by China and then India. The United States spent 732 billion USD for military purposes in 2019, which was 5.3 percent higher than its military expenditure in 2018. Shobhana Narasimhan has been elected as an International Honorary Member to the American Academy of Arts and Sciences. Andhra Pradesh Chief Minister, YS Jaganmohan Reddy launched the ‘Jagananna Vidya Deevena’ Scheme on April 28, 2020 at Tedepalli, in Guntur District of the state. Under the scheme, Rs. 4000 crores have been released along with Rs. 1880 crore towards pending amount left by the earlier government. The Government of India has increased the Minimum Support Price (MSP) for Minor Forest Produce (MFP) of 49 items. NASA’s Hubble Space Telescope celebrated 30 years of its launch on April 24, 2020. Hubble is one of the longest living Space Telescopes in the world. The Hubble Telescope had first detected the evidence of existence of black holes in the centre of the galaxy. International Dawn Chorus Day to be celebrated on May 3; is celebrated on the first Sunday of May every year. The US Presidential Elections are scheduled to be held on November 3, 2020. The US President Donald Trump has denied making any changes in the schedule of the US Presidential Elections 2020 amid COVID-19 outbreak. World Tuna Day observed on May 2. Indian-American diplomat Manisha Singh has been nominated as the next American envoy to the Organisation for Economic Cooperation and Development (OECD) by US President Donald Trump. Manisha Singh is currently serving as the Assistant Secretary of State for Economic and Business Affairs at the State Department. The BRICS nations have agreed to allocate $ 15 billion to the New Development Bank (NDB) so that it could set up a special loan instrument to support the revival of economies and help meet the emergency expenses incurred for responding to the coronavirus pandemic. Arvind Kumar Sharma has taken over the charge as Secretary to the Ministry of Micro, Small and Medium Enterprises.

Government Job Types Railway Job Alert Police Job Alert Defense Job Alert Research Job Alert Teaching Job Alert Technical Job Alert Hospitality Job Alert Bank Job Alert UPSC & PSC Job Alert SSC Job Alert N.B - The above information has been collected for various newspapers or Govt websites. We are not any Recruiter Agency or we do not hold any kind of Recruitment Process. So Job Finders are requested to go to the Official website of the Government Organization for more details. We are not liable for any kind of Misunderstanding or False information given by the third party Media Agency or Website. Recent Government Job Vacancy WBPSC Recruitment 2020 Apply Now 17 District Organiser May 5, 2020South Indian Bank Recruitment 2020 Apply Now | vacancyjob.in May 5, 2020Bihar State Health Society Recruitment 2020 Apply Now May 5, 2020CRPF Recruitment 2020 Apply Now 1412 Head Constable Posts. May 5, 2020WCR Recruitment 2020 Apply Now 570 Act Apprentice May 5, 2020High Court of Karnataka Recruitment 2020 Apply Now 27 Assistant Court Secretary May 5, 2020OPSC Recruitment 2020 Apply Now 606 Lecturer Posts. May 5, 2020BPSC Recruitment 2020 Apply Now Assistant Prosecution Officer. May 5, 2020Air India Recruitment 2020 – Apply Now 51 Supervisor Post May 5, 2020WBSU – UG CBCS SEM-III RESULT 2019 May 5, 2020 Read the full article

#3rdMay2020 #currentaffairs #CurrentAffairs3rdMay2020

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vignaniasacademy · 4 years

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01-05-2020 Current Affairs & Daily News Analysis

Delhi police Commissioner launched Ayuraksha- ‘Corona se jung - Delhi Police ke sang’, a joint initiative by Delhi Police and All India Institute of Ayurveda, Ministry of AYUSH

About: The Ayurveda institute will maintain the health of front line COVID warriors like Delhi Police personnel through Ayurveda Immunity boosting measures. It will be implemented in a phase wise manner. The distribution will take place for nearly 80 thousand personnel of Delhi Police across 15 districts. The recommended formulations like Chyawanaprasha (Amla as main content), Anu Taila and SanshamaniVati (prepared from Guduchi) have simple herbs which are time tested and scientifically proven for enhancing the immunity. Source : All India Radio ( Health ) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy Union Minister of MSME launched Bank of Schemes, Ideas, Innovation and Research portal (http://ideas.msme.gov.in/) on MSMEs.

About: The Portal gives access to all Schemes of Union, State and UT Governments. It has the provision for uploading Ideas, Innovations & Researches in the sector. The portal has unique features of not only crowd sourcing of Ideas, but also evaluation and rating the ideas by crowd sourcing. It can also facilitate inflow of venture capital, foreign collaboration etc. Users who have idea, innovation or Research with him/her can share it on this platform which will be reviewed by the concerned Officer and publish them for public view. Registered users can rate these ideas (Crowd sourcing) and venture capitalist can connect with user having idea, innovation and research. The portal has the facility to indicate the stage of Idea (Concept, Prototype or Commercialized) to make more user friendly. Papers and photo related to Idea and Video and Social Media links can also be uploaded. Source : PIB ( Economy ) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy The Reserve Bank of India (RBI) extended regulatory benefits to all banks including those deploying their own resources to extend liquidity support to the mutual funds under the Special Liquidity Facility for Mutual Funds (SLF-MF) scheme.

About: Earlier in the week, the RBI had announced Rs 50,000-crore SLF-MF scheme to bailout the mutual funds facing redemption pressure. The scheme was announced in the backdrop of Franklin Templeton Mutual Fund deciding to shut several schemes. RBI said in a release that based on requests received from banks, it has now been decided that The regulatory benefits announced under the SLF-MF scheme will now be extended to all banks, irrespective of whether they avail funding from the Reserve Bank or deploy their own resources under the SLF-MF scheme. Banks meeting the liquidity requirements of MFs by extending loans and undertaking outright purchase of and/or repos against the collateral of investment grade corporate bonds, commercial paper , debentures and certificates of deposit held by MFs, will be eligible to claim all the regulatory benefits available under the scheme. Source : All India Radio ( Economy ) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy MAY DAY International Labour Day is being celebrated across the world on May 1.

About: Name: International Labour Day/international Workers Day is often referred to as May Day. What is it? The day is celebrated to honour the contribution of working men and women and to pay tribute to workers sacrifices in achieving economic and social rights all over the world. Date of observance: It is observed on May Day (1st May), an ancient European spring festival. The date was chosen by a pan-national organization of socialist and communist political parties to commemorate the Haymarket affair, which occurred in Chicago on 4 May 1886. Indian scenario: In India, the first Labour day or May Day was celebrated in 1923 in Chennai. Important Info : Haymarket affair? During industrialization at the beginning of the 19th Century, the industrialists used to exploit the labour class and made them work up to 15 hours a day.The workers at Haymarket affair, in Chicago rose against this exploitation and demanded paid leaves, proper wages and breaks for the workforce.The day marks the victory of the workers' movement for eight hours of work. Source : Hindustan Times ( Economy) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy RISHI KAPOOR/LEUKEMIA Rishi Kapoor (1952 – 2020), an Indian actor known for his work in Hindi-language cinema passed away from leukemia on 30 April 2020.

About: Leukemia is a type of cancer found in your blood and bone marrow and is caused by the rapid production of abnormal white blood cells. These abnormal white blood cells are not able to fight infection and impair the ability of the bone marrow to produce red blood cells and platelets. Leukemia can be either acute or chronic. Chronic leukemia progresses more slowly than acute leukemia, which requires immediate treatment. Leukemia is also classified as lymphocytic or myelogenous.Lymphocytic leukemia refers to abnormal cell growth in the marrow cells that become lymphocytes, a type of white blood cell that plays a role in the immune system. In myelogenous leukemia, abnormal cell growth occurs in the marrow cells that mature into red blood cells, white blood cells, and platelets. There are four broad classifications of leukemia:Acute lymphocytic leukemia (ALL) Acute myelogenous leukemia (AML) Chronic lymphocytic leukemia (CLL) Chronic myelogenous leukemia (CML) Leukemia occurs in both adults and children. Because the cause of leukemia remains unknown, there is no certain way to prevent it. However, avoiding exposure to solvents, such as benzene and toluene, and unnecessary exposure to x-rays is generally good practice. Treatment may involve some combination of chemotherapy, radiation therapy, targeted therapy, and bone marrow transplant, in addition to supportive care and palliative care as needed. Source : Times of India ( Health ) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy

Mekong River Commission for Sustainable Development (MRC)

A new study released by the Mekong River Commission, highlighting the impact of China’s dams on the Mekong river has raised fresh questions on whether dams being built on other rivers that originate in China, such as the Brahmaputra, may similarly impact countries downstream.

About: The Mekong, or Mekong River, is a trans-boundary river in Southeast Asia. It is the world's twelfth longest river and the seventh longest in Asia. The Mekong flows from China to Myanmar, Laos, Thailand, Cambodia and Vietnam. Mekong River Commission (MRC): Mandate: It is inter-governmental organisation to jointly manage the shared water resources and the sustainable development of the Mekong River. Membership: Cambodia, Laos, Thailand, Vietnam. Headquarters: Vientiane, Laos. Established in: 1995. Source : The Hindu ( International ) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy

Global Report on Internal Displacement 2019

According to the Internal Displacement Monitoring Centre (IDMC) annual report, a record 50.8 million people worldwide were internally displaced in 2019 due to conflict or disaster, with coronavirus posing a new threat.

About: More than 45 million have been forced to flee their homes due to conflict and violence. A further five million have been displaced by natural disasters such as earthquakes and floods. Around 33.4 million new displacements were recorded in 2019, the highest annual figure since 2012. The IDMC calls on governments to work towards solving conflicts like the civil war in Syria, where about a million people have fled their homes since December to escape a government offensive in a conflict that began nine years ago. It also highlights conflicts in the Democratic Republic of Congo, Yemen, and Afghanistan. Important Info : Internal Displacement Monitoring Centre (IDMC)? The Internal Displacement Monitoring Centre (IDMC), based in Geneva, Switzerland, is the world's authoritative source  of data and analysis on internal displacement.It was established in 1998 as part of the Norwegian Refugee Council, a humanitarian, non-governmental organisation.The Global Report on Internal Displacement (GRID) is the annual flagship report of IDMC. Source : GraphicNews ( Social Issues ) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy T. S. TIRUMURTI T. S. Tirumurti has been appointed as the next Ambassador or Permanent Representative of India to the United Nations.

About: Tirumurti is an Indian Foreign Service (IFS) officer of 1985 batch. He is currently the Secretary in the Ministry of External Affairs. He replaces Sayyad Akbaruddin. His appointment to the UN will come at an important time when India will be in the UN Security Council for a two-year term in 2021-22. Source : The Hindu ( International ) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy LUDWIG VAN BEETHOVEN The year 2020 marks the 250th birth anniversary of Ludwig van Beethoven.

About: Ludwig van Beethoven (1770 – 1827), German composer and pianist, is a defining figure in the history of Western music, whose work marks the transition between the Classical and Romantic eras. His personal life was marked by a heroic struggle against encroaching deafness, and some of his most important works were composed during the last 10 years of his life when he had lost his hearing entirely. His best-known compositions include 9 symphonies, 5 concertos for piano, 32 piano sonatas, and 16 string quartets. His Moonlight Sonata for the piano and dramatic four-note opening to his Fifth Symphony are among the best known pieces of classical music ever written. His Ode to Joy, part of the Ninth Symphony, has been adopted by the European Union as the Anthem of Europe. Source : GraphicNews ( Culture ) Read UPSC Current affairs and Daily News Analysis from Top IAS Coaching Institute in Bangalore Vignan IAS Academy Daily Current affairs and News Analysis Best IAS Coaching institutes in Bangalore Vignan IAS Academy Contact Vignan IAS Academy Enroll For IAS Foundation Course from Best IFS Academy in Bangalore Read the full article

#01-05-2020VignanIASCurrentAffairs #BestIASAcademyinBangalore #bestiascoachinginbangalore #bestupsccoachinginbangalore #topiascoachinginbangalore

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joshuajacksonlyblog · 5 years

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Happy Birthday Bitcoin! Here’s a Look at Bitcoin’s 11th Year by the Numbers

On January 3, 2009, the pseudonymous developer(s) Satoshi Nakamoto bootstrapped the Bitcoin network by mining its first ever block, block 0. The Genesis Block, as it has become known, came etched with a message that would invariably position Bitcoin as an alternative monetary system to rival the realm of central banking: “Chancellor on brink of second bailout for banks,” the memo read, in reference to a headline about the U.K. government’s actions during the global recession of 2008 and 2009.

The rest, as you no doubt know, is history. Eleven years on and Bitcoin has harnessed the fervor of a community that was inspired by the philosophical tenets embedded in the Genesis Block message. Bitcoin’s meteoric success in the past decade defied the expectations of believers and skeptics alike, and with a thriving market that has captured $130 billion in value, it has graduated from fringe interest to a global economic phenomenon.

To commemorate Bitcoin’s 11th birthday and usher in a new decade, we compiled some stats to plot Bitcoin’s growth from 2019 to 2020 and provide a hard picture of the state of the network today.

2019 to 2020 in Bitcoin: Ushering in the New Decade

From 2019 to 2020, we saw the following year-over-year changes to Bitcoin’s market, network and technical infrastructure:

At the beginning of 2019, 601 contributors had provided 19,104 commits to the Bitcoin Core Github; these figures would grow to 22,536 commits from 678 unique contributors by 2020.

Bitcoin’s price increased from $3,860 to $7,180, an 85 percent increase from the onset of 2019 to the onset of 2020. This accompanied a doubling of bitcoin’s market capitalization from $65.5 billion to $131 billion.

Amidst the wider crypto market, bitcoin’s dominance (i.e., its share of market value compared to that of altcoins) climbed from 51.8 to 68.3 percent.

Bitcoin’s supply grew from 17,457,634 to 18,135,846 over the course of the year, an annualized inflation of roughly 3.8 percent.

Bitcoin’s daily transaction volume grew fivefold over 2019, from $4.3 billion to $20.2 billion by the first day of 2020.

On the first day of 2019, Bitcoin’s network logged 235,813 transactions; this would increase a modest 6 percent by the first day of the new decade to 251,867. Notably, over this timeframe, the percentage of SegWit transactions out of the total transactions surged from 33.4 percent to 62.2 percent.

The value of daily transactions on the network shot up from $1.4 billion on January 1, 2019, to $4.1 billion to ring in the new year in 2020. As the value of transactions on the network trends with the price, the network’s all-time high transaction volume in 2019 was $21.3 billion on June 18, 2019.

The highest median bitcoin transaction fee in 2019 was $3.55, while the lowest median fee last year was $0.03. The latest data available for January 2020 shows a median fee of $0.07.

The total number of unspent transactions (aka UTXOs, or bitcoin that haven’t been spent and included as an input for a new transaction) rose from 49,591,771 to 64,530,177 over the course of 2019, a 30 percent increase.

Bitcoin’s blockchain size grew 29 percent, from 198 GB to 256 GB from the beginning of 2019 to the beginning of 2020.

Bitcoin’s hash rate experienced an explosive increase over 2019, jumping from 42 exahashes per second (EH/s) (or, 42,000,000,000,000,000,000 hashes per second) to 112 EH/s.

Mining difficulty more than doubled from the beginning to the end of 2019, rising from 6 T to 13 T.

Bitcoin node count across the board unfortunately dropped from 2019 to 2020. The total number of listening nodes (i.e., nodes that are publically open to connect to other nodes) fell from 6,344 to 5,859, a 7 percent decrease. The total number of active nodes fell a drastic 25 percent from 64,746 to 48,141.

The number of total active addresses rose from 433,715 to 524,360, a nudge of 20 percent.

The total number of (known) Lightning Network channels jumped from 21,130 to 36,130 by the end of 2019 for a 41 percent increase. The average capacity per channel decreased from 3,115,316 sats to 2,721,418 sats, a fall of 12 percent on the year.

2,297 Lightning Network nodes were operational at the beginning of 2019. This increased 114 percent to 4,923 by the start of 2020. The average capacity per node, however, fell similarly to the average capacity per channel — from 45,781,712 sats to 34,693,516 sats, a 24 percent decrease.

525 bitcoin were locked in Lightning channels for a cumulative value of $1.9 million at the onset of 2019. At the time of writing, 853 bitcoin worth $6.2 million are locked in Lightning channels, representing a 62 percent increase in total capacity and a 226 percent increase in the value of this capacity.

The number of cut channels on the Lightning Network (i.e., channels between two nodes that serve as a bridge to otherwise disparate nodes by providing a routing path) increased from 518 to 1,567 from 2019 to 2020. These channels comprise 31.8 percent of the network at the time of writing.

The post Happy Birthday Bitcoin! Here’s a Look at Bitcoin’s 11th Year by the Numbers appeared first on Bitcoin Magazine.

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