CBDC stands a Centrally Backed Digital Currency
Just like a physical note, CBDC will be:
- Legal Tender
- Liability of the RBI to return us that money
- Our legal obligation to accept it
- Freely convertible against commercial bank
money
Symbol: e₹
India's own CBDC has been launched today for pilot
It might be the next revolution in payments like UPI🤯
What does it mean to you? 🤔
Here is all about the Indian CBDC 👇
CBDC stands a Centrally Backed Digital Currency
Just like a physical note, CBDC will be:
- Legal Tender
- Liability of the RBI to return us that money
- Our legal obligation to accept it
- Freely convertible against commercial bank
money
Symbol: e₹
Apart from 1 above,
A. You won't need a bank account for transacting 🤯
B. Lower cost of issuance vis-a-vis notes
C. Negligible risk of being stolen or torn vis-a-vis notes
- No time required for settlement amongst banks
- No need of having a bank account
Hence, improving financial inclusion
- Substitute of cash
A. Security over bank deposits
While our bank balances are insured up to ₹5Lakhs
But since CBDC is CENTRALLY BACKED,
it is the government's liability to return us each and every penny
Well, that's what's in for us.
What about the govt? Read on👇
Did you know❓🤔
Govt incurred ₹4,984.80 Cr. for just printing money🤯
CBDCs will help in reducing cost of:
- Printing
- Storage
- Transportation
- Reconciliation (and delay)
- Settlement
++ Environment Friendly!
- In an online payments system, banks need to settle transactions amongst themselves
- CBDC will eliminate this by giving choices to market
participants to choose among various settlement options
-Payments using CBDCs are final and reduce settlement risk
India is the world’s largest recipient of remittances as it received $87 billion in 2021
- High costs
- Slow speed
- Limited access and
- Insufficient transparency
are some challenges which CBDC will endeavour to solve
Despite measures taken like 'Jan Dhan Yojana' and UPI
our score at the Financial Inclusion Index is quite low
CBDCs will solve the problems like:
- Poor bank infra availability in remote areas,
- Poor connectivity etc,
CBDC is programmable. The trail of money can be tracked
It will be easy for govt to ensure that subsidy released has not been siphoned-off
And indeed used for the purpose intended
E.g. To track subsidy for fertilizer is used for its purchase only
Countries keep their foreign reserves in US Dollars and Gold Reserves
The West recently froze Russian assets held in such reserves
CBDC will help us from such future sanctions
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India's own CBDC has been launched today for pilot
— CA Kanan Bahl (@BahlKanan) December 1, 2022
It might be the next revolution in payments like UPI\U0001f92f
What does it mean to you? \U0001f914
Here is all about the Indian CBDC \U0001f447 pic.twitter.com/epZR8EHLLN
1. RBI's concept note on CBDCs (https://t.co/sN9ZT6BEJ3)
2. Anshul Gupta (@anshgupta64) sir's thread https://t.co/oDemOdOhSM
3. Various News Articles
More from All
https://t.co/6cRR2B3jBE
Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.
https://t.co/FBfXhUrH5d
Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.
...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.
Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.
Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.
https://t.co/FBfXhUrH5d
Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.
...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.
Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.
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@EricTopol @NBA @StephenKissler @yhgrad B.1.1.7 reveals clearly that SARS-CoV-2 is reverting to its original pre-outbreak condition, i.e. adapted to transgenic hACE2 mice (either Baric's BALB/c ones or others used at WIV labs during chimeric bat coronavirus experiments aimed at developing a pan betacoronavirus vaccine)
@NBA @StephenKissler @yhgrad 1. From Day 1, SARS-COV-2 was very well adapted to humans .....and transgenic hACE2 Mice
@NBA @StephenKissler @yhgrad 2. High Probability of serial passaging in Transgenic Mice expressing hACE2 in genesis of SARS-COV-2
@NBA @StephenKissler @yhgrad B.1.1.7 has an unusually large number of genetic changes, ... found to date in mouse-adapted SARS-CoV2 and is also seen in ferret infections.
https://t.co/9Z4oJmkcKj
@NBA @StephenKissler @yhgrad We adapted a clinical isolate of SARS-CoV-2 by serial passaging in the ... Thus, this mouse-adapted strain and associated challenge model should be ... (B) SARS-CoV-2 genomic RNA loads in mouse lung homogenates at P0 to P6.
https://t.co/I90OOCJg7o
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1. From Day 1, SARS-COV-2 was very well adapted to humans .....and transgenic hACE2 Mice
— Billy Bostickson \U0001f3f4\U0001f441&\U0001f441 \U0001f193 (@BillyBostickson) January 30, 2021
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@NBA @StephenKissler @yhgrad 2. High Probability of serial passaging in Transgenic Mice expressing hACE2 in genesis of SARS-COV-2
1. High Probability of serial passaging in Transgenic Mice expressing hACE2 in genesis of SARS-COV-2!
— Billy Bostickson \U0001f3f4\U0001f441&\U0001f441 \U0001f193 (@BillyBostickson) January 2, 2021
2 papers:
Human\u2013viral molecular mimicryhttps://t.co/irfH0Zgrve
Molecular Mimicryhttps://t.co/yLQoUtfS6s https://t.co/lsCv2iMEQz
@NBA @StephenKissler @yhgrad B.1.1.7 has an unusually large number of genetic changes, ... found to date in mouse-adapted SARS-CoV2 and is also seen in ferret infections.
https://t.co/9Z4oJmkcKj
@NBA @StephenKissler @yhgrad We adapted a clinical isolate of SARS-CoV-2 by serial passaging in the ... Thus, this mouse-adapted strain and associated challenge model should be ... (B) SARS-CoV-2 genomic RNA loads in mouse lung homogenates at P0 to P6.
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This is NONSENSE. The people who take photos with their books on instagram are known to be voracious readers who graciously take time to review books and recommend them to their followers. Part of their medium is to take elaborate, beautiful photos of books. Die mad, Guardian.
THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN
If you come for Bookstagram, i will fight you.
In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)
Beautifully read: why bookselfies are all over Instagram https://t.co/pBQA3JY0xm
— Guardian Books (@GuardianBooks) October 30, 2018
THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN
If you come for Bookstagram, i will fight you.
In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)
