🛑 LATEST IMPORTANT BRAND AMBASSADOR 2020

💠 Rohit Sharma : Oakley

💠 Harbhajan Singh : ebikeGo

💠 Brett Lee : SportsAdda

💠 Sukhbir Singh : Luxury Ride

💠 Sourav Ganguly and Sunil Chhetri : Jsw Cement

💠 Pankaj Tripathi : Bihar Khadi 

💠 Sonu Sood : Gargo International

💠 Rohit Sharma : IIFL Finance

💠 Manushi Chillar : Adidas

💠 Ajinkya Rahane : ELSA Corp

💠 Ajinkya Rahane : MeraKisan

💠 Ajay Devgan : Aarogya Setu App

💠 Rohit Sharma : CricKingdom

💠 Viswanathan Anand : World Wide Fund India Environment

💠 MS Dhoni : PokerStars India

💠 PV Sindhu : BWF’s ‘I am badminton’ campaign

💠 Shafali Verma : PepsiCo

💠 Virat Kohli and Tamannaah Bhati : Mobile Premier League (MPL)

💠 Sara Ali khan : James Bullough Lansing (JBL)

💠 Rishabh Pant : Jindal South West (JSW) Steel

💠 Shardul Thakur : TATA Power

💠 PV Sindhu : Andhra Pradesh Govt Anti -graft Helpline

💠 Virat Kohli : iQOO Smart Phone

💠 Virat Kohli : Blue Star  

💠 Kareena Kapoor : Puma

💠 Disha Patani and Sanjeev Kapoor : Whasington Apples

💠 Amitabh Bachchan : IDFC First Bank

💠 Salman Khan and Shraddha Kapoor : Realme

💠 Sunil Chhetri : Puma

💠 Suniel Shetty : NADA

💠 Rohit Sharma : La Liga

💠 Rohit Sharma : Trusox

💠 Akshay Kumar : FASTag

💠 Salman Khan : Pepsi

💠 Shilpa Agrawal : FIT INDIA

💠 PV Sindhu : VISA

💠 Aamir Khan : Jal Shakti Abhiyan

💠 Jasprit Bumrah : Cultsport

💠 P.V. Sindhu : PNB MetLife

💠 Aamir Khan : PhonePe

💠 MS Dhoni : RedBus

💠 Salman Khan : BharatPe

💠 MS Dhoni : Mastercard

@CentralState_clerk

The Expert Series on COVID-19 - Download PDF



OPINION

 

EDITORIAL

 EDITORIAL

Vaccine drive: On India's COVID-19 vaccine policy

DECEMBER 16, 2020 00:02 IST

UPDATED: DECEMBER 16, 2020 13:02 IST

Assurances of safety, efficacy and long-term follow-up are essential

Fine theories and good policies are often frustrated in their encounter with facts and implementation processes in the field. India’s COVID-19 vaccine policy, recently unveiled, must take care not to head that way, and make adequate allowances for ground realities that could render naught well-laid plans. With a definitive cure not yet available for COVID-19, vaccines present the world with the best strategy to slow the virus down in its tracks along with a measure of vested herd immunity, as SARS-CoV-2 rampages on. While it may not be the magic wand, vaccinating people will be the only known way of slowing the march of the virus, and every country, down to each county, must prepare for this massive exercise. As the U.K. and the U.S. began vaccinating their people, India has announced its plan and proposed line-up for COVID-19 vaccination, shortly after the Union Health Minister denied that the government had ever committed to COVID vaccination for all in the country. As per the government’s strategy, the vaccination is to be given first to health-care workers and then to people over the age of 50, with those over 60 given priority, based on the situation. This will amount to about 30 crore people. The voters’ list for the Lok Sabha and Assembly election polls has been set as the verifying document for the process. A new digital platform, Co-WIN, will be used for COVID-19 vaccination delivery, and about 1.54 lakh Auxiliary Nurse Midwives working on Universal Immunisation Programmes will be roped in as vaccinators, with more such field staff to be mobilised in collaboration with the States. Cold chain systems are to be strengthened across the country to deliver multiple doses.

As governments beef up the vaccination drive, they need to clear the fog on vaccine safety and efficacy among the people. With passing days, it will not be too much to expect from the government a detailed plan for vaccinating children and a break down of tasks down to the lowest governance rung, as counties in the U.S. have been doing. Unless the latter is done, a proper estimate of the true challenges of administering vaccines in the field will not be available, and being unprepared is a guarantee to coming undone. Vaccine hesitancy is a reality and the only way to counter that is to be open and honest about adverse effects and post-vaccination sequelae, if any, and make available relevant information in the public realm. In the past, in some States, vaccination programmes have suffered temporarily because of misinformation about adverse events following shots. In addition, in this case, long-term follow up of all who receive the vaccine is absolutely essential. For, therein lies the assurance that every one in the global line list is waiting for.

✊ ➡️ 🤲 Spiritual life 🙌

Buddhist monk and train station story.


In a train station in Korea, I saw two men fighting in public. A monk approached calmly, put his hand between the two men, and the two men stopped fighting. Just like that.

It’s not easy to mix joy and discipline. It’s not easy to feel prosperous when you have nothing. It’s not easy to stay true to our nature of serving the world. It’s not easy to stop guessing how others would react to our action.

There were a few circumstances in my life where I could fully forget fear and used love instead. Using a mindset that I’m simply doing a service. Focusing that I do what I do instead of fearing of other people’s reactions. It led me to a synchronicity of events!

We need to go within, find our inner magnificence, and let it shine outwards. When we do, we can be serious and joyful at the same time. And we can stay to our nature, our service to the world. When faced with love and fear, choose love.

English vocabulary


Nudge (verb) – prompt, encourage, coax, push; prod, poke, jab.

Bolster (verb) –  support, strengthen, boost, make stronger, reinforce.

Flag (verb) – draw attention to; mark out, indicate, identify, point out.

Legacy (noun) – footprint, achievement, feat, accomplishment; something happened in the past/something that is coming from the past.

Hard nosed (adjective) – tough-minded, realistic, pragmatic, practical.

Conundrum (noun) – problem, difficult question, vexed question, difficulty, dilemma.

Profound  (adjective) – great, deep, extreme, acute; complex, difficult.

Chaos (noun) – disorder, confusion, disarray, disorganization; disruption, confusion, havoc, furore, turmoil.

Extremist (noun) – fanatic, sectarian, radical, fundamentalist, militant, partisan, activist.

Fillip (noun) – stimulus, boost, encouragement, incentive, impetus, motivation; tonic, uplift, spur, goad, prod, push, prompt.

Articulate (verb) – express, communicate, state, make public, announce.

Signatory (noun) – the one (person/party/organisation/country) which signed an official document.

Scuttle (verb) – destroy, wreak, scrap, make something fail; make something to fail intentionally.

Resilience (noun)- toughness, ability to bounce back, strength, flexibility; ability to recover from tough time.

Innate (adjective) – inherent, intrinsic, natural, inborn; chronic, congenital.

Heed (verb) – pay attention to, take notice of, notice, take into account.

Ruling (noun) – decision, pronouncement, resolution, decree; judgement, verdict.

Context (noun) – circumstances, conditions, surroundings, situation, environment.

Aftermath (noun) – repercussions, after-effects, by-product;  consequences, effects.

Portent (verb) – omen, sign, indication, forecast, prediction.

Motivation stuff

SBI PO Recruitment 2020: Prelims Call Letter Out for 2000 Vacancy
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Sbi clerk final result out👍


Congratulations for those who got shortlisted

Main Home | Prime Minister of India
https://www.pmindia.gov.in/en/main/

Important sites which you should visit daily

Reserve Bank of India
https://m.rbi.org.in//home.aspx

The Hindu: Breaking News, India News, Sports News and Live Updates
https://www.thehindu.com/

*Explained: What are the new safety features in cheques above Rs 50,000?*
Banks will enable a new system for all account holders issuing cheques for amounts of Rs 50,000 and above.

*What is the Positive Pay System for cheque transactions?*

The concept of Positive Pay involves a process of reconfirming key details of large-value cheques.

On January 1, 2021, the Reserve Bank of India (RBI) will introduce the ‘Positive Pay System’ for cheque transactions above Rs 50,000 in a bid to enhance safety and eliminate frauds.

*What is the Positive Pay System for cheque transactions?*

The concept of Positive Pay involves a process of reconfirming key details of large-value cheques. Under this process, the issuer of the cheque submits electronically, through channels like SMS, mobile app, Internet banking and ATM, certain minimum details of that cheque (like date, name of the beneficiary, or payee and amount) to the drawee bank, details of which are cross-checked with the presented cheque by Cheque Truncation System (CTS).
Any discrepancy is flagged by CTS to the drawee bank and presenting bank, who then take redressal measures.

*What type of cheques will come under Positive Pay?*

Banks will enable the new system for all account holders issuing cheques for amounts of Rs 50,000 and above. While availing of this facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheques for amounts of Rs 5,00,000 and above. The National Payments Corporation of India (NPCI) will develop the facility of Positive Pay in CTS, and make it available to participant banks.

*What will be the new dispute redressal mechanism?*

Only those cheques that are compliant with the new system will be accepted under the dispute resolution mechanism at the CTS grids. Member banks may implement similar arrangements for cheques cleared or collected outside CTS as well.

The RBI has already told banks to create adequate awareness among their customers on features of the Positive Pay System through SMS alerts, displays in branches, ATMs, as well as through their websites and Internet banking. The Positive Pay System will be implemented from January 1, 2021.



*What will be the share of Positive Pay in overall cheque transactions?*

The new measure will cover approximately 20 per cent and 80 per cent of total cheques issued in the country by volume and value, respectively. The Cheque Truncation System (CTS) for clearing cheques is operational pan-India, and presently covers 2 per cent and 15 per cent of total retail payments in terms of volume and value respectively.

The average value of a cheque cleared in CTS presently is Rs 82,000. The CTS-2010 standard specifying minimum security features on cheque leaves acts as a deterrent against cheque frauds, while standardisation of field placements on cheque forms enables straight-through-processing by use of optical or image character recognition technology.

The RBI says the Positive Pay system is to augment customer safety in cheque payments and reduce instances of fraud occurring on account of tampering of cheque leaves. Banks had recently witnessed a rise in frauds involving high-value cheques. The RBI announced the introduction of Positive Pay System for CTS on August 6.

📣📣📣

The RBI today cancelled the certificate of registration of 3 NBFCs. These are UP-based Abhinav Hire Purchase Limited, Gurgaon-based Jupiter Management Services Private LTD and Assam-based N.E Leasing and Finance Pvt Ltd. 6 other NBFCS surrendered their certificate of registration, the RBI said.
-Moneycontrol.com

Advances by banks seem to be slowly on the rise as provisional data from the third quarter suggest. While asset quality continues to remain a concern, lenders say it is likely to be better than previously estimated. “Restructuring requests are lower than expected and largely lesser than the provisioning for it. Most borrowers have shown a willingness to pay. The pain is likely to be lesser than initially thought of but everyone is cautious,” said a bank official.
-Business Line

Central Bank of India and NABFOUNDATION, today, entered into a MoU, whereby working capital will be provided by the bank to all SHGs which have an account with it and undertake the Nabard-sponsored ‘My Pad My Right’ project.
-Business Line

SBI today said it has concluded the issuance of $600 million (about Rs 4,500 Cr) from bonds to fund expansion of overseas business. The fund raised through senior unsecured fixed rate notes having maturity of 5.50 years and coupon of 1.80% payable semi-annually under Regulations, SBI said in a regulatory filing. "The bonds will be issued through our London branch as of Jan 13, 2021, and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City,” it said.
-Moneycontrol.com

Punjab National Bank has announced an alliance with the IIT, Kanpur and the Foundation for Innovation & Research in Science & Technology (FIRST) to set up Fintech Innovation Centre that would act as a vehicle to explore solutions in digital lending, payments and cyber security. The partnership will facilitate research and develop technological solutions to address challenges and explore opportunities in the BFSI space, the bank said.
-Economic Times

India Post Payments Bank (IPPB) today said J Venkatramu, former senior executive of Equitas Small Finance Bank, has taken charge as its MD & CEO. His appointment is effective from Oct 29, 2020.
-Economic Times

High Court of Telangana has issued a 3 weeks’ notice to IRDAI, RBI and Dept of Financial Services (DFS) to respond to a Public interest litigation (PIL) filed in the court of chief justice pertaining to irregularities in appointment of M Pulla Rao as executive director of IRDAI. According to the PIL filed by a social activist, IRDAI’s executive director Mr. Rao was a former RBI senior official and was appointed by IRDAI in 2011 in violation of appointment norms.
-Economic Times

The union Govt has allowed the employees' provident fund organisation (EPFO) to invest in public sector debt exchange traded funds (ETFs) such as Bharat Bond. The Govt has amended the labour ministry's notification in this regard.
-Business Standard

The US Trade Representative (USTR) has termed India’s Equalisation Levy (also known as Google Tax) on e-commerce companies as ‘discriminatory’. India, however, has said that it is not discriminatory and it would take appropriate action in the matter keeping in view the overall interests of the nation.
-Business Line

The private sector is willing to support and augment Govt's capacity across the value chain of COVID-19 vaccine distribution and administration, industry body FICCI today said.
-Moneycontrol.com

To encourage individuals to continue their risk cover amid the coronavirus pandemic, LIC today launched a campaign where lapsed policies can be revived. LIC has launched a Special Revival Campaign starting from Jan 7 till March 6 for its customers to revive their lapsed individual policies subject to certain conditions. 
-Financial Express

Oil companies had hiked the price of Petrol by 23 paise per litre and diesel by 26 paise a litre today. Petrol price climbed to Rs 84.20 a litre in the national capital. This marks the highest ever price at which petrol has been sold in New Delhi, surpassing the earlier high of Rs 82 a litre that was recorded on Oct 4, 2018.
-Business Standard

Shares of IDFC First Bank moved higher by 7% to Rs 44.20 on the BSE today, gaining 11% in the past two trading days, after the bank reported strong retail loan growth during Oct-Dec quarter (Q3 FY21). The stock of the bank was trading close to its 52-week high level of Rs 45.50 touched on Jan 15, 2020.
-Business Standard

USD/INR 73.31
Sensex 48,093.32
BSE Bankex 36491.77
Nifty 14,137.35
Nifty Bank 31956.00

-07-01-2021

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