Month: February 2022

Jack Dorsey’s Block building self-custody hardware wallet for bitcoin — what are these wallets all about?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The concept of self-custody in a decentralized ecosystem is probably one of the greatest advantages of cryptocurrencies. It means that crypto can be stored securely and managed solely by its holder. With crypto scams on the rise, the freedom to manage your crypto in a manner of your choosing and the security of your digital assets is extremely important.

During bitcoin’s infancy, a user had to choose between wallet safety and convenience of use. The user could either take the help of online wallets that provided ease of use but were not completely safe or choose hardware wallets that provided safety but not very easy to use. But hardware wallets are evolving and striving to strike the right balance between security, the convenience of use, among other benefits.

Jack Dorsey’s Block is focussing on these aspects to create a self-custody hardware wallet. Jesse Dorogusker, Block’s head of hardware, confirmed the news within a tweet saying, “We have decided to build a hardware wallet and service to make bitcoin custody more mainstream”.

Product Design Engineer, Nick Slaney, stated that it’s not just a self-custody wallet, but much more than that. His recent tweet read, “Jack started out calling what we’re working on a hardware wallet, but even though we’re developing a hardware device, the name barely does it justice. It’s so much more.”

What are hardware wallets and how are they different from the other types?

There are mainly two types of wallets–hosted wallets and self-custody or non-custodial wallets that also include hardware wallets. You can choose the right one depending on your need.

The wallets you create on exchange websites like WazirX and CoinDCX are custodian wallets – that means your cryptocurrency is held and managed by the exchange. These wallets do not store your private key, which is required to initiate and approve your transactions. Moreover, these wallets are also connected to the blockchain network 24×7 (hot storage), thus making them vulnerable to cyberattacks and theft.

Self-custody or non-custodial wallets differ in operations from other crypto wallets. Non-custodial wallets allow you to store the private key, thus giving you complete control of your digital assets and cryptocurrencies. You are solely responsible for its storage and the protection of your private key.

Hardware wallets are non-custodial wallets that involve a physical device like a pen drive to store your private key offline (cold storage) and are thus impervious to hacks and cyberattacks. These wallets also allow you to lend, borrow and exchange crypto assets more easily.

Hardware wallets are connected to an application either on the mobile, web or desktop through which you can monitor your bitcoin transactions. The private key is stored in this hardware wallet and every time you want to confirm a payment, the transaction is done inside the hardware wallet and then the transaction completion details  are sent to the app.

What is unique about Block’s self-custodial wallet?

Block claims it is combining multiple aspects of crypto management into one comprehensive solution. Nick Slaney tweeted, “We’re combining the security of cold storage, the peace of mind of shared custody, and the convenience of a custodial app all into one easy-to-use solution that puts you in control of your own keys (and by extension your financial security).” He went on to explain, “It’s the best of all worlds, and changes the game for bitcoin holders, as well as future bitcoin economy participants.”

According to Jesse Dorogusker, the direction of product development can be summarised in four points from which we can make some basic inferences:

• “Bitcoin first” – It means that Block’s focus is on a self-custody wallet specifically for Bitcoin. However, in all probability, it will also be useful for storing other cryptocurrencies.

• “Global distribution” – It will be made available in developing countries as well.

• “Natively multisig, “to achieve “assisted-self-custody” – Multiple signatures authorise transactions, which means multiple people can share custody. (Improves security as there is no single point of failure in case one person misplaces the private key and loses access to the crypto assets forever.)

“In our solution, we’ll have three keys: one in the hardware wallet, one in the mobile application, and one in Square’s servers, protected by the same world-class security we bring to the rest of our ecosystem,” Block’s mailing list explains.

• “Prioritising mobile use” – It will enable on-the-go crypto management.

The product is expected to be affordable, highly secure, and user-friendly. “The end result will be a product that lets anyone custody their own keys easily and securely, making holding and transacting as intuitive as possible and opening the future of financial sovereignty up too a much wider audience,” read another one of Slaney’s tweets.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

‘Gangubai’ brings cheer; weekend box office collection soars to nearly Rs 40 crore

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Alia Bhatt-starrer Gangubhai Kathiawadi has opened to much critical and financial acclaim. The Sanjay Leela Bhansali movie has registered a successful weekend at the box office, which is often critical for the overall success of the movie. The movie collected a sizeable Rs 10.50 crore on opening day, before expanding its ticket sales to Rs 13.32 crore on Saturday (February 26) and growing to Rs 15.30 crore on Sunday (February 27).

The movie’s success comes as welcome relief for the film industry as theatres and cinemas have once again opened after the Omicron variant-dominated third wave of COVID-19 has passed over the country for the most part.

Also read: Gangubai Kathiawadi movie review: A landmark film in Sanjay Leela Bhansali and Alia Bhatt’s cinematic oeuvre

Film trade analyst Taran Adarsh shared his report on the weekend collections for the movie, while adding that there may be more reasons for cheer on March 1. Total collections for the movie over the weekend come out to a total of Rs 39.12 crore.

“Gangubai Kathiawadi brings cheer, confidence and cinegoers back, solid total in Wknd 1… Day 3 sees big gains [most places]…Mumbai, Thane, Pune, Gujarat, Delhi, SouthIndia [parts] key contributors… Fri 10.50 cr, Sat 13.32 cr, Sun 15.30 cr. Total: ₹ 39.12 cr,” he said on Twitter.

#GangubaiKathiawadi brings cheer, confidence and cinegoers back, solid total in Wknd 1… Day 3 sees big gains [most places]… #Mumbai, #Thane, #Pune, #Gujarat, #Delhi, #SouthIndia [parts] key contributors… Fri 10.50 cr, Sat 13.32 cr, Sun 15.30 cr. Total: ₹ 39.12 cr. #India biz. pic.twitter.com/VD7rR0V3Ug

— taran adarsh (@taran_adarsh) February 28, 2022

Adarsh added that the movie was also performing well in foreign countries despite the prevailing global situations that may discourage movie goers.

“#GangubaiKathiawadi #Overseas: Opng Wknd biz…#UK: £ 243,853 [ ₹2.46 cr] #Australia: A$ 376,223 [ ₹2.04 cr] #NZ: NZ$ 62,483 [ ₹31.63 lacs] #Germany: € 21,851 [ ₹18.44 lacs] #NorthAmerica: Has crossed $ 1 million [ ₹7.50 cr+]. Final biz in evening. @comScore,” he posted on Twitter.

Also read: PVR says Omicron impact fading; Valimai, Gangubai Kathiawadi collections encouraging

Though Adarsh added that the movie will need to show a healthy trend on February 28, with an expected boost on March 1 due to it being the occasion of Mahashivratri, a holiday for many. March 2-3 would remain the most important days for the movie if it hopes to cross over-Rs 60 crore in collections in its first week itself, he added.

The movie’s success and a possible path to a Rs 100-crore collection is welcome news for many. Despite the fact that Mumbai’s theatres are currently at 50 percent operating capacity, the strong showings highlight an increasing appetite for moviegoers to finally return to theatres.

Also read: Sonali Bendre: ‘I’m looking forward to a few strong years of solid work and good roles’

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

News wrap Feb 28: India’s Q3 GDP comes at 5.4%; Madhabi Puri Buch becomes first woman to head Sebi; DGCA extends suspension of scheduled international passenger flights

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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India’s economy expanded by 5.4 percent during the October to December period, according to gross domestic product data released on Monday. Madhabi Puri Buch, a former whole-time member of the Securities and Exchange Board of India is appointed for a period of three years and will take over from Ajay Tyagi assuming charge on March 1. Aviation regulator DGCA extended the suspension of scheduled international passenger flights in the country has been extended “till further orders

BUSINESS/ECONOMY

India’s GDP growth comes at 5.4% in Q3

India’s economy expanded by 5.4 percent during the October to December period (Q3FY22), according to gross domestic product (GDP) data released on Monday. Q3FY22 GDP at constant prices is estimated at Rs 38.22 lakh crore, as against Rs 36.26 lakh crore in Q3FY21. Check details

Russian Central Bank raises rate to 20% to help ruble

Russia’s central bank hiked the benchmark rate to 20 percent from 8.5 percent in a desperate attempt to shore up the plummeting ruble and prevent the run of banks amid crippling Western sanctions over the Russian war in Ukraine. Read more

Google Play Pass to offer over 1,000 apps without ads for Rs 99 a month

Google on Monday announced the launch of Play Pass section in Play store to offer over 1,000 apps and games without advertisement and provide access to their premium features on a fixed monthly or annual charge. Check details

MARKET

A look at Madhabi Puri Buch, the first woman to head market regulator Sebi

Madhabi Puri Buch, a former whole-time member of the Securities and Exchange Board of India (Sebi), became the first woman to head the market regulator as chairperson and the first person from the private sector to head one of the most important institutions in the financial market. Dig deeper

Market guru Mark Mobius roped in by Investcorp for India advisory board

The appointment of emerging markets veteran Mark Mobius adds a unique blend of investment expertise and markets knowledge to Investcorp’s India advisory board, Investcorp said on Friday. Read more

BlueStone Jewellery to raise over Rs 1500 crore via IPO

The Ratan Tata-backed BlueStone Jewellery has appointed ICICI Securities, IIFL Securities, Jefferies and JM Financial as investment bankers for the IPO and is looking for a Rs 12,000-15,000 crore valuation. Check details

INDIA

DGCA extends suspension of scheduled international passenger flights till further orders

The suspension of scheduled international passenger flights in the country has been extended “till further orders”, aviation regulator DGCA said on Monday. On January 19, the suspension was extended till February 28. Read more

RT-PCR test report, COVID vaccination certificate not required for Indians arriving from Ukraine

The Health Ministry said on Monday the International Travel Guidelines have been revised and some exemptions allowed on humanitarian grounds for those arriving from Ukraine. Read more

India abstains from UNSC procedural vote to call for General Assembly session on Ukraine

WORLD

Ukraine receives crypto donations amid ongoing war with Russia

The Ukrainian government has received over $10.2 million in cryptocurrency, reported research from blockchain analytics firm Elliptic, as crowdfunding operations help support its defense against the Russian war machine. Read more

A look at the impact of US, EU sanctions on Russian banks

In response to Russia invading Ukraine, the US and the European Union (EU) have imposed a slew of economic sanctions on Russia with a view to cripple its economy, banking institutions and its access to technology. The move is expected to take a toll on Russia’s trade and stifle growth. Dig deeper

British PM Boris Johnson offers UK visas to Ukrainian relatives

As part of a new GBP 40 million humanitarian package for the supply of basic necessities and medical supplies such as medicines, syringes, dressings and wound care pack, Prime Minister Boris Johnson confirmed that any person settled in the UK will be able to bring their Ukrainian immediate family members to join them. Read more

YOU & I

LIC IPO: Last day to link PAN, Aadhaar with your policy today; here’s how to do it

Today is the last day to link your PAN card and Aadhaar with your Life Insurance Corporation (LIC) policy to become eligible for subscribing to LIC IPO. LIC is all set to kick off its big-ticket initial public offering (IPO) in March. Check details

PM Kisan Samman Nidhi: How to add beneficiary and check status

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a central government initiative that provides farmers with income assistance to meet their financial demands for home and agriculture. Here’s how a farmer can be added as a beneficiary of PM Kisan scheme and how they can check their status. Check details

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Centre’s fiscal deficit touches 58.9% of full year target at end-Jan

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The central government’s fiscal deficit in end-January worked out at 58.9 per cent of the annual budget target for 2021-22, according to official data released on Monday. The fiscal deficit was 66.8 per cent of Revised Estimate (RE) of 2020-21 during the corresponding period of the last fiscal.

Fiscal deficit—total money spent by the government in excess of the total income earned—is closely tracked by the bond markets and has implications for interest rates in the system.

In actual terms, the deficit was Rs 9,37,868 crore at the end of January 2022 against an upwardly revised annual estimate of Rs 15.91 lakh crore, according to the data released by the Controller General of Accounts (CGA).

The country’s fiscal deficit is projected to be higher at 6.9 per cent this fiscal ending March 2022 as against 6.8 per cent estimated earlier.

The total receipts of the government in end-January were Rs 18.71 lakh crore or 85.9 per cent of the Revised Estimates (RE) for 2021-22. The collection was about 80 per cent of the RE of 2020-21 in the corresponding period last fiscal.

The tax (net) revenue so far was at 87.7 per cent of the RE of 2021-22. It was 82 per cent of RE 2020-21 in the corresponding period of last fiscal. In actual terms, the net tax revenue stood at Rs 15.47 lakh crore during April-January 2021-22.

The CGA data further said the central government’s total expenditure at end-January stood at Rs 28.09 lakh crore or 74.5 per cent of this year’s RE. It was 73 per cent of RE in the corresponding period.

The fiscal deficit of the government for 2022-23 is estimated to be Rs 16,61,196 crore. The Revised Estimate for 2021-22 indicate a fiscal deficit of Rs 15,91,089 crore as against the Budget Estimate of Rs 15,06,812 crore.

The fiscal deficit for 2020-21 was 9.3 per cent of the Gross Domestic Product (GDP).

In her Budget 2022 speech Union Finance Minister Nirmala Sitharaman had said that the government had pegged the fiscal deficit for 2021-2022 at 6.9 percent of GDP and at 6.4 percent of GDP for 2022-23.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

National Science Day 2022: Remembering Raman Effect & the man behind it

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

It was on February 28 in 1928 that iconic Indian physicist C.V. Raman made an important discovery, known as the Raman Effect. Raman was awarded the Nobel Prize for his discovery in 1930. Since 1987, this day has been celebrated as National Science Day in India.

Educational institutes across India organised seminars, discussions, exhibitions and debates to celebrate the contributions of scientists towards the development of the country on National Science Day.

This year, the theme for National Science Day is ‘Integrated Approach in science and technology for Sustainable Future.’

Also read: Making India a hub for science R&D and innovation

What is Raman Effect?

C.V. Raman discovered the Raman Effect or Raman Scattering while working at the Indian Association for the Cultivation of Science laboratory in Kolkata. The Raman Effect is a phenomenon in the field of spectroscopy, which describes the change in the wavelength of light when a beam is deflected on a particular object.

When a light beam is passed through a dust-free, transparent object, a part of the light comes out in a different direction from that of the incident (incoming) beam. While the wavelength of most of the scattered light was unchanged, a small fraction had a different wavelength from that of the incident light. This is a result of the Raman Effect.

Also read: 2047: Re-imagining education in an India at 100

Raman first observed the phenomenon while on a trip to Europe in 1921 when the blue of the Mediterranean Sea and icebergs intrigued him. He conducted experiments with transparent ice blocks and light from a mercury arc lamp and recorded the shift in wavelengths.

Raman was not the first person to observe the phenomenon. Russian physicists Grigory Landsberg and Leonid Mandelstam had observed the same phenomenon just a week before Raman. However, they published their results months after Raman documented his observations in 1928.

Raman’s contribution

Other than the discovery of Raman Effect, the scientist had studied the spectroscopic behaviour of crystals. He conducted experiments on the diffraction of light by acoustic waves of ultrasonic and hypersonic frequencies. He was also interested in fields such as electrical and magnetic anisotropy, optics of colloids and the physiology of human vision.

History of National Science Day

In 1986, the National Council for Science and Technology Communication (NCSTC) requested the central government to declare February 28 as National Science Day. The government accepted the request and from the following year, National Science Day is celebrated on February 28.

Also read: NIRF ranking 2021: IIT Madras ranked best institution in India; here’re the top rankers

Why is the day celebrated?

National Science Day is celebrated to remember the discovery of the Raman Effect and to encourage the youth of India to develop an interest in science.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Madhabi Puri: Woman, finance professional and non-IAS has tough challenges ahead at SEBI

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Madhabi Puri Buch’s appointment as the next Chairperson of the Securities and Exchange Board of India (SEBI) is a first in many ways. She is of course the first woman to head the market regulator and indeed the first woman to be head of any financial regulator in India. More important, Buch is only the second non-IAS officer to be selected to lead the market regulator (after GN Bajpai) and many are rightly surprised how the IAS could let go of such a powerful position.

Madhabi is also the first SEBI chief who comes with a well-rounded finance and financial market experience. She began her finance career at ICICI Ltd, the development finance bank in 1989 and distinguished herself, according to her former colleagues, in marketing the bond issuances, which was the prime source of funds for DFIs like ICICI in the nineties.

After ICICI reverse merged with ICICI Bank, Buch held several positions at ICICI Bank’s back and front offices, as well as in retail and wholesale banking as also playing a seminal role in ICICI Bank’s listing on the NYSE and its follow on public offers in India.

Also read: SEBI appoints Madhabi Puri Buch as new chairperson

From ICICI Bank’s executive director position, she left to become managing director of I-Sec, the securities affiliate of ICICI where she tackled every aspect of the stock markets. Across regulators, one can’t recall anyone who has had such varied experience in banking and securities before becoming a regulator.

From I-Sec, Buch took a sabbatical, made a clean break from markets and the Indian financial sector, and returned in 2017 as whole-time member of SEBI in-charge of mutual funds. It is her performance in this role that may have moved the government to consider her for the top job. For Buch’s stint as whole-time member at SEBI was dotted with the severest of challenges. From 2017 to 2021, the mutual fund industry was challenged by the sinking of IL&FS, the collapse of DHFL and the mountain of NPAs in the infrastructure sector in which the mutual fund industry was invested via bonds. The collapse of a clutch of debt funds of Franklin Templeton, which had exposure to weak promoter groups also happened during Buch’s tenure as SEBI member in charge of mutual funds. But perhaps her severest test came when Yes Bank could not and would not honour its AT1 (or additional tier1) bonds.

In short Madhabi Buch had to take unpleasant decisions that rocked powerful funds and interests. Anant Narayan, a member of the Mutual Funds Advisory committee, recalls that in each of these situations Buch did a great job of cleaning up large segments of the financial sector. Post IL&FS and DHFL, she pulled up the rating agencies for getting it utterly wrong in their rating of these organizations and changed rules to ensure that such rating swings don’t happen again. Likewise after the Franklin Templeton debt funds collapse, she, along with chairman Tyagi rewrote debt fund investment rules to ensure they had liquidity cover at all times. Buch also supervised the re-categorization of mutual funds as also ensured key officials of mutual funds have skin-in-the-game in their own funds.

Also read: Who is Madhabi Puri Buch, the first woman to head market regulator Sebi?

In the case of the AT1 bonds, the paradox was that Yes bank paid zilch to investors in this debt instrument, even as Yes Bank-equity holders got a little more than zero. But that wasn’t SEBI’s turf. What Buch did was to pull up funds for mis-selling the bonds and also mis-valuing them. Buch’s radically conservative valuation of the bonds, led to much resentment in many quarters including in North Bloc, but she was firm.

Says Ananth Narayan, “She addressed issues head-on and didn’t hesitate to take on powerful interests”. Her other qualities included her ability to steer conversations in committees packed with persons widely divergent backgrounds like fund industry professionals, academics and even journalists; she still ensured she got practical solutions, said Narayan. Her own team came prepared with excellent data and homework which ensured decisions were backed by solid reasons, he added

Financial sector experts who know her work in SEBI say both SEBI officials and the fund industry should be prepared for a hard taskmaster, given Buch’s non nonsense, goal orient work ethic. But mutual fund experts are very hopeful that the industry’s long standing ask for a “buyer-of-the -last-resort” will come into fruition under Buch. She had herself pushed the idea with outgoing chairman Tyagi that mutual funds contribute to create a pooled corpus which can be used to provide market-making in illiquid bonds under difficult circumstances. With her sound knowledge of markets and banking and with a little bit of luck, Buch may also be able to help create India’s long standing hope of a vibrant corporate bond market.

She will have challenges aplenty, not the least being the recently unearthed problems at the NSE. Was the former MD of NSE only guilty of appointing someone inadequately qualified for the chief operating officer’s job and paying him handsomely or is there more to the claimed god man from whom she sought advice? Also separately, will the NSE’s co-location of servers of brokerages and the resultant gains made by some brokers lead to finger pointing to the regulator? Buch has secured a job which the IAS would be unhappy to lose. Hopefully she will still be persuasive enough to secure the co-operation of the bureaucracy when needed.

The more immediate challenge could be potential instability in markets if there is continued sharp fall in recently listed stocks as also the seeing through the large IPO of LIC, under arguably difficult times. But if anyone comes with adequate qualifications for these challenges it is indeed Madhabi Puri Buch.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

PM Kisan Samman Nidhi: How to add beneficiary and check status

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a central government initiative that provides farmers with income assistance to meet their financial demands for home and agriculture.

Families of all farmers with cultivable landholding in their names can avail benefits of the scheme. Earlier, the scheme was limited to farmers with a landholding of less than two hectares. However, later the ambit of the scheme was extended to cover all farmers’ families, irrespective of the size of the landholding.

Also read: Update e-KYC to get Rs 2,000 instalment under PM Kisan Samman Nidhi Yojana; here’s how to do it

Under the PM-KISAN scheme, families of farmers will receive a financial benefit of Rs 6,000 per annum per family. The amount is paid in three equal instalments of Rs 2,000 each at intervals of four months. According to the official definition, a family will consist of a husband, a wife and a minor child.

Here’s how a farmer can be added as a beneficiary of PM Kisan scheme and how they can check their status.

Also read: Most states drag feet over PM SVANidhi scheme for street vendors; here are the numbers

How to add a PM Kisan beneficiary

• • The farmer’s family will have to visit the PM KISAN website and go to the ‘Farmer’s Corner’ section on the home page.
• • Here the farmer will have to click on ‘New farmer registration.’
• • When a registration form opens, details of the farmer such as Aadhaar number, mobile number and name of the state where they hail from will have to be entered correctly.
• • On submitting the details, the farmer’s name will be added to avail benefits under the PM Kisan scheme.

How to view PM Kisan beneficiary status

• • To check beneficiary status, the farmer will have to visit the PM KISAN portal and go to the ‘Farmer’s Corner’ section on the home page.
• • Click on ‘Beneficiary Status’ section and enter the details such as Aadhaar number and account number.
• • After checking the captcha code, the farmer will have to click on the ‘Get Data’ tab to view the details.

How to check PM Kisan beneficiary list

• • The farmer can check the PM Kisan beneficiary list by logging in to the official PM KISAN portal.
• • Under the ‘Farmers Corner’ section, the individual will have to click on the ‘Beneficiary List’ tab.
• • In the following step, the individual will have to enter the name of the state, district, sub-district, block and village.
• • By clicking on the ‘Get Report’ button, the farmer will be able to see the PM KISAN beneficiary status.

The status will display the whole transaction history of the PM KISAN beneficiary, including the date of the last instalment and the bank account to which it was credited.

Also read: Economic Survey: Rural development on course; 1.6 lakh roads, 1.7 crore houses built

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Bihar Budget 2022: Nitish govt announces Rs 2.3 lakh crore budget amid ruckus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Bihar Finance Minister Tarkishore Prasad presented a Rs 2.3 lakh crore Budget for 2022-23 in the state assembly on Monday. In 2021-22, the Bihar government had allocated Rs 2.16 lakh crore for the annual budget.

The second budget of the Nitish Kumar government was interrupted by Opposition as it demanded the resignation of BJP MLA Hari Bhushan Thakur Bachaul over a provocative statement about minorities.

After Prasad, also the Deputy Chief Minister, tabled the budget and the Motion of Thanks to the Governor’s address was moved, Opposition members created a ruckus. Bachaul tried to explain why he made the remark but that angered the Opposition further. Many trooped into the well and raised slogans demanding that a “ninda prastav” (censure motion) be brought against him. The House went ahead with the debate on Motion of Thanks amid a walkout staged by the Opposition.

On Monday, Prasad said the GDP growth rate in the state is estimated to be 9.8 percent. According to the latest NSO announcement, India expects FY22 GDP growth at 8.9 percent.

On February 25, the 16th Bihar Economic Survey Report (ESR) 2021-22 had termed the growth performance of the state as “better than the national average”.

On Monday, Rs 29,000 crore was allocated for basic facilities including roads, health, and education in rural areas. Under Budget 2022-23, Rs 16,134 crore was allocated for health versus Rs 13,264.87 crore in FY22. Bihar finance minister said Rs 700 crore would be spent on the Bihar Student Credit Card Scheme.

Around Rs 1,23,757 lakh was allocated for the welfare works related to women and children, Rs 7,712.30 crore for agriculture, and Rs 1,64,374 for industry.

Other highlights include Rs 200 crore for Chief Minister’s Self-Help Allowance Scheme, Rs 225 crore for ‘Kushal Yuva Program’, Rs 847 crore for ‘Swacch Gaaon, Samriddh Gaaon’ scheme, under which solar street lights will be installed in all villages. Also, under ‘Swacch Sheher, Vikasit Sheher’ scheme, old age homes will be set up in all districts

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow