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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 👇

 1/ What is 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₹
2/ Features of CBDC?

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
3/ How will it be different from UPI?

- No time required for settlement amongst banks

- No need of having a bank account
Hence, improving financial inclusion

- Substitute of cash
4/ Need for CBDC

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👇
B. Reduction in cost associated with physical cash management

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!
C. No Settlement Risk

- 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
D. Improved Cross-Border Payments Scenario

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
E. Support Financial Inclusion

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,
F. Ensure end-use utilisation

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
G. Reduced Threats From Western Sanctions

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
What do you think about the CBDCs? Let me know👇

Follow me (@BahlKanan) for more around Personal Finance and Investing

I write a thread daily to ensure you get rich daily in terms of your knowledge and awareness :)
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- Personal Finance,
- Fundamental Analysis,
- Stock Markets,
- Mutual Funds?

Check out our courses on:
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It took me 6+ hours to research and write on this topic🥲

If you understood it within 15 mins, kindly:

- Follow me (@BahlKanan)
- Retweet the first (https://t.co/hzyrEOQTsZ)

इतना तो बनता है यार! Come on :P
Join our newsletter with 2,729+ subscribers

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Sources:
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

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Lakshminarayan G
Lakshminarayan G
@narayanagl
The Chanting of following names of Bhagwan Vishnu, immensely helps us in overcoming the obstacles in our daily life.
These names are from Sri Vishnu Sahasranama!
|. "Om Vashatkaaraaya Namaha" : For Success in Business.
||. "Om Aksharaaya Namaha" : For Success in Studies.


|||. "Om Bhuthabhavanaya Namaha" : For Good Health.
|V. "Om Paramaathmane Namaha" : For Self Confidence.

Src: VAK magazine from Chilkur Balaji Temple, Hyderabad - Sri @csranga
#SanatanaDharma #SanatanaSanskriti #Sattology

One needs to chant the following slokas 28 times to get rid of certain problems in life.
Om Hrushikesaya Namah - For Overcoming Bad habits
Om Vashatkaaraya Namah - For Success in Business, Interviews, visa interviews, building relationships


Om Srimate Namah - For Handsome appearance & wealth
Om Aksharaya Namah - For Education & better financial strength
Om Paramatmane Namah - For self employed people, for promotions and success in games.
Om Putatmane Namah - To remove mental stress & for mental peace


Om Sarmane Namah - For Job Satisfaction
Om Bhutadaye Namah -To amend soured friendship or any personal relationship
Om Dhatre Namah - For issueless couple
Om vidhatre Namah - Pregnant Ladies to Chant for healthy babies.
Chant the following 108 times :
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Anu Satheesh
@AnuSatheesh5
Thrikkangode Sree Randu Moorthy Temple
Ottappalam, Kerala. 🚩
#keralatemples

This is very unique temple as Shiva and Vishnu both are in the “linga” form in the same Garbhagriham. The Srikovil is in a circular pattern. Temple's Prathishta was done by Parasurama.


Mahadeva and Maha Vishnu in the same Srikovil is very rare Prathishta, but poojas are done separately Dhara is done to Maha Vishnu here. People suffering from “KAIVISHAM” and mental illness are fully cured on drinking a medicinal herb supplied by a nearby family here.


The root of the banyan tree around the Ayyappa Sannidhanam is said to have great powers for skin ailments.

Very ancient temple but was covered with forest for many years.
Later two persons Chakki and Chaathan, while cutting trees their axe hit on the nearby
@SriramKannan77


Vigrahams and it suddenly started bleeding. Later Devaprashnam was held and thus found out that these were murthy's of Shiva and Vishnu which was worshipped long back. And thus temple is constructed here.
Om Namah Sivaye
Om Namo Narayanaya
🕉🙏🕉
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Vibhu Vashisth \U0001f1ee\U0001f1f3
Vibhu Vashisth 🇮🇳...
@VIBHU_Tweet
MAHARAJA CHHATRASAL BUNDELA was the great Bundela King who revolted against the Mughal ruler Aurangzeb.
Chhatrasal Bundela was born in year 1649 CE in Maur Hill of Bundela region to Champat Rai and Lal Kunwar. He was the descendent of Rudra Pratap of Orchha.


His ancesters were the vassals of Mughal Emperor. He drew inspiration from his father and revolted against the alien rule of Mughals. He was just 12 yrs old when his parents died in fight against the Mughal Army of Aurangzeb in 1661.

When his beloved father attained martyrdom in the year 166, the young Chatrasal was present in the last battle of his father against the Mughal and from these valiant campaigns,..

..he gathered the courage to free Bundelkhand from Aurangzeb’s rule.
He joined the Mughals initially, and was recommended by the Rajput King Mirza Jai Singh to be recruited in the Mughal Army in order to support their Deccan Campaigns.


But serving the alien rule of Mughals which brought chaos and misery to Bundelkhand was unacceptable for Chatrasal Bundela and his father’s incessant struggle against the Mughals kept the fire of independent Bundelkhand alive in his heart.
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Angela Jamison
Angela Jamison
@AnJamison
@bellingcat @buzz\_chronicles @buzz\\\_chronicles @buzz_chronicles save as category @pdfmakerapp grab @pdfmakerapp grab this @readwiseio save @readwiseio save thread @threader compile summarize @Threadreaderapp unroll please @ttttreads unroll @unrollthread.com @SaveToBookmarks
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anirudhsinh parmar
anirudhsinh parmar
@anirudhparmar68
Read this. U may get it for free.
Short straddle :
What is ?? Sell an atm call and put.
Instrument: mostly bnf and nf.
Now there are versions of it.
1. Best version :
Enter around 9.15-20 and exit around 3.20. No adjustment nothing.
1/n.


If u r doing it on zero leverage(meaning u have full capital of around bnf's notional contract,i.e. 40000*25 = 10lacs), then u r most likely going to make better than fd or anything like that.
Simple rules : friday,monday, tuesday do for weekly. Wednesday and thrusday next week

So, gamma moves can't impact much.
Another better version of mahesh chander kaushik is to do it for monthly expiry.
Bigger premiums and never hav to worry about 200-300 points sudden moves.
2. 2nd version : have combined stoploss of premiums and re-entry criteria. Example :

Let say 40000 straddle is at 600. Sell at 600 and hav combined sl at 650. Many algos are providing this. U can even place stoploss in % terms. Like, if sold straddle at 400 and placed 10% sl, means if 440 combined premium touch, it will be stoploss.
Let say, in morning,

U sold straddle at 600 and it sl hit at 650. Now, u placed reentry at 600 with same sl. This time may be linear decay happens and u may cover morning's loss and make some profit.
3rd version : stoplosses at each leg and trail sl to cost type.
Example , 40000 straddle at 400.
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