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Showing posts from June, 2020

India becomes 12th Largest Holder of US Government Securities at April 2020 end

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  Despite low returns, the Treasury Securities (are of four types- Bills, Notes, Bonds, Inflation-Protected Securities) backed by the United States Treasury Department is one of the safest assets for any Central Bank around the world. With USD 157.4 billion at the end of April 2020, India has become the 12 th   largest holder of United States Government Securities. India’s holding touched an all-time record high of USD 177.5 billion at the end of February 2020 but was reduced to USD 156.5 billion at the end of March 2020. This significant drop was due to the financial impact of the global COVID-19 pandemic. As economic uncertainties increased following lockdowns in most countries across the world, securities were sold by India in the month of March. How the Indian Government invests in US Government Securities? On behalf of the Government of India, India’s Central bank- The Reserve Bank of India (RBI) invests in foreign assets. These foreign investments are part of prudential liquidity

68 Million Years Old Egg discovered from Antarctica

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  In 2011, on the Seymour Island of Antarctica, a group of scientists from South American Nation Chile discovered a fossil 200 meters away from the spot where the fossil of a 10-meter long Mosasaur (an ancient reptile) was unearthed. The fossil, since then was kept at a museum in Chile and was named ‘The Thing’ as for over the next 7 years scientists kept on trying to resolve the football-sized mysterious fossil. Finally, on 17 th  June 2020, a study was published in the Journal Nature, according to which the fossil named “The Thing’ was the second-largest egg in terms of size (29 by 20 centimeters) that has been discovered to date. It is the second largest to the Madagascan Elephant Bird (extinct) egg and also the largest soft-shelled egg on record. Scientists however in their study were not able to identify the animal that laid the egg. The animal that had laid the egg could be up to 17 meters tall and at least 7 meters long. There have been opinions from scientists that the fossil e

Death of Sushant Singh Rajput

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  On 14 June 2020, the Indian actor  Sushant Singh Rajput  was found dead hanging from the ceiling fan at his home in  Bandra , Mumbai. The cause of death was ruled to have been suicide .  The official postmortem reports concluded that he died of asphyxia  due to hanging.  The Mumbai Police  launched an investigation into the death, which was surrounded by rumors and speculation. A week prior to his suicide, Rajput had googled three subjects multiple times: Disha Salian, his former manager who had died about a week before him; news reports containing his own name; and information about a mental illness. On 13 June 2020, the night before his death, Rajput retired to his bedroom after dinner. At around 2   a.m. on Sunday, 14 June he made two phone calls, one to Bollywood actress Rhea Chakraborty and another to television actor Mahesh   Shetty. Neither call was answered. Rajput then woke up early that morning. Some time after, he googled information about " schizophrenia ", &quo

World Vape Day to be observed on May 30

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  The World Vape Day is to be observed on May 30 all over the world. It aims to increase awareness on e-cigarettes and help smokers that are unable to quit smoking. India will also observe World Vape Day on May 30. Significance Vaping reduces smoking related sickness. The number of vapers in the world has increased from 7 million in 2011 to 41 million in 2018. The emissions from e-cigarettes are not different from ordinary air. It is important to increase the awareness about vaping as there are more than 80,000 young people becoming addicted to tobacco according to World Health Organization. About E Cigarette The Electronic Cigarette is a battery-operated device. It converts liquid nicotine into mist, vapor. The E-Cigarette users inhale just like a regular cigarette user. As the e-cigarette user inhales, the atomizer gets activated to heat the liquid nicotine into vapour. Thus, the vapour reaches the lungs as the user inhales and gives a smoking effect. The smoke exhaled by the E-cigar