Tag: llv news

  • RBI Launches SORR: A New Era for Interest Rate Tracking in India!

    RBI Launches SORR: A New Era for Interest Rate Tracking in India!

    The Reserve Bank of India (RBI) is launching a new way to track interest rates called the Secured Overnight Rupee Rate (SORR). This new rate will help us understand how money moves in the financial market better.

    The SORR will focus on secured transactions, which means it will look at loans where the lender has some sort of guarantee or security, like repos (which are short-term loans backed by collateral) and tri-party repos. These types of transactions make up almost all of the overnight money market activities and involve both banks and other financial companies.

    According to RBI deputy governor Michael Debabrata Patra, this new rate will give us a clearer picture of how money is borrowed overnight compared to the older method, which was the call money market.

    The decision to create this new rate came after a review by a special committee that looked into India’s interest rate benchmarks. This committee, led by RBI executive director Ramanathan Subramanian, found that secured transactions are more stable and reliable.

    Eventually, the SORR will replace the old benchmark called MIBOR, which has been around since 1998.

  • RBI Lowers CRR: What Banks and Savers Need to Know”

    RBI Lowers CRR: What Banks and Savers Need to Know”

    The Reserve Bank of India (RBI) has made a big change by lowering the Cash Reserve Ratio (CRR) for the first time since March 2020. This means banks will now have more money to lend to people and businesses. Specifically, the RBI reduced the CRR from 4.5% to 4%, which will add about ₹1.16 lakh crore (that’s a huge amount!) into the banking system.

    With this extra money, banks can relax their high deposit rates, which makes borrowing cheaper for everyone. However, interest rates on loans might stay the same for now. Rajiv Anand from Axis Bank explained that this action will help banks improve their earnings by 3 to 5 basis points. A basis point is a way to measure interest rates, and it works like this: 1 basis point is just 0.01%.

    RBI Governor Shaktikanta Das mentioned that although they expect money to get tighter in the future due to tax payments and other reasons, this CRR change is still an important step to keep the banks healthy. While it will help with immediate cash flow, bankers believe that faster growth and lower inflation could lead the RBI to change interest rates down the road.

    Although this update is good news for banks, deposit rates for regular savers are unlikely to go up, so people shouldn’t expect higher returns on their savings. Even though inflation is rising, Santosh Kumar from Punjab National Bank said the CRR cut was the best choice for the RBI right now.

  • SSC GD Final Result 2024: Check Your Results and Next Steps!”

    SSC GD Final Result 2024: Check Your Results and Next Steps!”

    Good news for all the candidates who took the SSC Constable (General Duty) exam! The Staff Selection Commission (SSC) will soon announce the final results for this important test. You will be able to check your results and see if you made it to the merit list on the official SSC website at ssc.gov.in.

    The exact date and time for the announcement haven’t been shared yet, so stay tuned! The SSC GD recruitment exam took place from February 20 to March 7, 2024. After that, the provisional answer key was released on April 3, and candidates had until April 10 to raise any objections.

    The results were announced on July 11, and those who did well were called for further tests, including Physical Efficiency Test (PET), Physical Standard Test (PST), Document Verification (DV), and Medical Exam (DME). These rounds started on September 23.

    Now that all the stages of the selection process are completed, the final results are just around the corner! The final merit list will show the roll numbers of the candidates who have been selected and explain the next steps for them. This recruitment drive aims to fill a total of 46,617 Constable vacancies across different forces:
    – 12,076 for BSF
    – 13,632 for CISF
    – 9,410 for CRPF
    – 1,926 for SSB
    – 6,287 for ITBP
    – 2,990 for AR
    – 296 for SSF

    Be sure to check for updates on the final results and the merit list so you can plan your next move!

  • Nothing Gallery App Leaks: Exciting Features Ahead of OS 3.0!

    Nothing Gallery App Leaks: Exciting Features Ahead of OS 3.0!

    The Nothing Gallery app was leaked just before the launch of Nothing’s OS 3.0, revealing some cool features. According to a report from Android Authority, this app will let users decide which folders to display in the Photos section, making a big feed full of images.

    At the bottom, there’s an image preview bar for scrolling through your photos. Another toolbar lets you mark a photo as a “Favorite,” share it, delete it, or access more options from a three-dot menu. This menu keeps the main toolbar clear of buttons you don’t use often.

    While watching videos, the toolbar has play/pause and volume control buttons too. There’s an Albums view where you can see specific folders, create new albums, and check out recently deleted files. Plus, a Search view lets you look for images easily.

    However, the report mentions that some AI features promised by Nothing, like smart image sorting and better search options, are not yet available in the beta version of the app. So, these features may come in future updates, as the company had initially suggested.

  • Palantir and Anduril Collaborate to Train AI for National Security

    Palantir and Anduril Collaborate to Train AI for National Security

    Palantir Technologies, a company that analyzes data, has teamed up with Anduril Industries, a defense technology company. They announced their partnership on Friday and will work together to use defense data for training artificial intelligence (AI) systems.

    Palantir will use its special AI platform to organize and label the defense data. This data will help train AI models, which can then be used in systems that protect national security. Meanwhile, Anduril will help store and share this important government defense data.

    Many companies are now focusing on AI to make their work easier and faster. But using AI in defense is still new and tricky because the data can be sensitive. Even though U.S. companies are creating top-notch AI models, they often find it hard to work with the government to use them in defense.

    This partnership comes shortly after Anduril said it would work with OpenAI, the company behind ChatGPT. That project aims to create advanced AI tools for national security tasks.

    Anduril, which started in 2017, makes smart machines for various defense operations and has experience in automating robots for challenging situations. Palantir has also been thriving recently due to the rising interest in AI, especially from government agencies and businesses wanting to adopt this new technology

  • Khan Sir Joins Protests for Fair BPSC Exam Rules in Bihar

    Khan Sir Joins Protests for Fair BPSC Exam Rules in Bihar

    Patna (Bihar): Faizal Khan, better known as Khan Sir, is an educator and YouTuber who was released from police custody late Friday night in Patna. He was detained after joining protests by students hoping to change the exam rules of the Bihar Public Service Commission (BPSC).

    On Friday, students gathered in Patna to demand that exams be conducted in “One Shift and One Paper,” instead of the current system which they feel complicates things through the normalisation process. A local magistrate, MS Khan, asked the protesters to disperse, stating that they would need to leave the protest area.

    While speaking to the media, Khan Sir emphasized that their cause is not political; they just want to be heard. “It is quite sad that we have to protest just a week before our exams. We want a clear statement from the BPSC about exam rules,” he said. He believes that the process might be good, but it needs to be managed well by the officials in charge.

    Khan Sir also stressed the importance of fairness in the exams, urging for a guarantee that normalisation will not happen this time. He called on the authorities to recognize that they are also teaching the students who are studying for these exams. “We will protest peacefully. It is important to cancel the normalisation process,” he added.

    He suggested that if the students’ time is wasted, they should be given extra time or even an extension for the exam dates. Additionally, he mentioned that any student forms not accepted due to technical issues should be accepted. Khan Sir encouraged the students to stay united in their fight for these demands.

  • Admit Cards for Assam TET: Download Begins December 15!

    Admit Cards for Assam TET: Download Begins December 15!

    Get ready, everyone! The Assam Teacher Eligibility cum Recruitment Test (TET) is coming up, and you can download your admit cards starting December 15 at 11 AM. Assam’s Education Minister, Ranoj Pegu, announced this exciting news on X (formerly Twitter).

    To get your admit card, visit the official website: http://madhyamik.assam.gov.in. You’ll need your Application Number and Password to log in. Remember, the big exam day is on December 29!

    Don’t forget to bring your admit card and a valid photo ID with you to the exam. This can be your Aadhar card, PAN card, voter ID, or driving license. Make sure to check and follow all instructions on your admit card!

    If you are a person with disabilities (PwD), don’t forget to bring your certificate from the authorized person. Good luck to all candidates!

  • Deepika Padukone Surprises Fans at Diljit Dosanjh’s Bengaluru Concert!

    Deepika Padukone Surprises Fans at Diljit Dosanjh’s Bengaluru Concert!

    Fans were excited when actor Deepika Padukone surprised everyone by joining singer Diljit Dosanjh at his concert in Bengaluru. This was her first public appearance after the birth of her daughter, Dua Padukone Singh. Videos of Deepika dancing on stage with Diljit quickly spread on social media.

    During the concert, the crowd cheered as Deepika came onto the stage. She waved to everyone, bowed her head, and folded her hands in respect. Deepika also hugged Diljit and danced a little while they performed.

    In one fun moment, Deepika taught Diljit a sentence in Kannada, a local language. He repeated it, and the audience loved it! Diljit praised her, saying, “She has done such wonderful work in films. I never thought I would see her up close. She has really made a name for herself in Bollywood.”

    Diljit expressed how proud everyone is of Deepika and thanked her for coming to his show. Deepika looked casual in a baggy white T-shirt and jeans and enjoyed the show. She even joined in as Diljit sang live.

    Deepika was last seen in the movie “Singham Again,” where she played a strong character named Shakti Shetty. The movie also featured stars like Ranveer Singh, Kareena Kapoor, and Ajay Devgn.

    On the other hand, Diljit has become popular worldwide with his “Dil-Luminati Tour,” giving exciting performances across different cities. His final concert of the tour will be in Guwahati on December 29.

  • Global Optimism: India’s Economic Growth and Future Potential”

    Global Optimism: India’s Economic Growth and Future Potential”

    In Washington, a top economist working with the International Monetary Fund (IMF) said that the world is very optimistic about India. He highlighted how India’s digital systems and efforts to help everyone grow are being praised by many countries. He noted that India’s economy has been doing well after COVID-19, with a growth rate of about seven percent. Even though there was a small slowdown recently due to less spending on big projects and some drops in exports, he believes this is just a temporary phase.

    Subramanian, who used to be India’s Chief Economic Advisor, explained that during the COVID pandemic, India took a unique approach. While many countries only focused on people buying less, India recognized that the pandemic hurt both supply (availability of goods) and demand (people wanting to buy goods). This led to a balanced mixture of strategies that helped those who were most affected.

    Because of these smart decisions, when the war in Europe created problems for many other economies, India managed to keep its inflation lower than in many places around the world. In fact, while many countries faced huge price increases, India did not. He pointed out that between 2002 and 2013 productivity grew slowly, but since 2014, it has increased much faster.

    He also mentioned that a key sign of a healthy economy is how many new businesses start up. From 2004 to 2014, only 3.2% of new companies were created, but since then, the number has grown much more, making India’s entrepreneurial scene the third largest in the world. In ranking for innovation, India jumped from 85th place in 2015 to 39th this year, showing great improvement.

    For India to reach its goal of becoming a $55 trillion economy, Subramanian stressed the need to boost manufacturing jobs. He also said that society should change its views about wealth and the people who create it. In the U.S., being wealthy is often seen as a good thing, while in India, there’s sometimes a negative view of wealth creators.

    He emphasized that wealth is essential for job creation because wealth creators invest in businesses that eventually provide jobs. To make progress, India must recognize the importance of wealth creation for its overall growth and well-being.

  • Trump Supports Controversial Nominee Pete Hegseth for Defense Secretary

    Trump Supports Controversial Nominee Pete Hegseth for Defense Secretary

    US President-elect Donald Trump recently showed his support for Pete Hegseth, who he wants to be the next Secretary of Defense. Hegseth’s confirmation is uncertain because of serious accusations against him, including claims of drinking too much, sexual assault, and negative comments about women in combat roles.

    Hegseth, a former Fox News host and Army National Guard major, spent the week talking to senators to save his nomination. Trump posted on social media, saying, “Pete Hegseth is doing very well. He will be a fantastic, high energy, Secretary of Defense. Pete is a WINNER, and nothing can change that!”

    This situation is more than just about picking the right person for the Pentagon; it reflects a bigger fight within the Republican Party about what it means to have a strong, traditional military and to move away from what they call “woke-ism.” Many of Trump’s friends and the Heritage Foundation have pledged money to support Hegseth during this tough time.

    Vice President-elect JD Vance assured that they are not giving up on Hegseth’s nomination while on a tour in North Carolina. The whole situation is also a test of Trump’s influence and how much support he has from other Republican senators, who are worried about some of his choices.

    Despite Hegseth’s public denials of misconduct and promises not to drink while in office, his past statements about women serving in combat have raised a lot of questions. Just recently, he stated that women “straight up” should not be in combat.

    Trump’s team is pleased to see Hegseth fighting for his spot, and they still believe he may be confirmed. However, they are also thinking about other potential candidates, like Florida Governor Ron DeSantis, if Hegseth does not make it.

    There are also troubling reports about Hegseth’s history, such as an accusation of sexual assault that he denies. Other claims suggest he had issues at work parties involving alcohol, supported by a recent whistleblower report, and even had problems with managing money while running veterans’ groups.

    Furthermore, an email from Hegseth’s mother accused him of mistreating women, claiming he got his current wife pregnant while he was still married to his first wife. However, his mother defended him on “Fox & Friends” this week.