Mrunal Patel's video: Current Affairs Weekly Economy: Bitcoin Legal Tender in El-Salvador Countercyclical Fiscal Policy

👨‍🏫Win21 Series Free Economy Update Lectures https://unacademy.com/@mrunal.org/courses?goal=all&type=special (🔖unlock code "Mrunal.org") 👨‍🏫Full Course for Economy Prelims & Mains starting from 15th July: https://unacademy.com/course/mrinals-economy-course-for-upsc-prelims-mains-2022/SX19RYNE (🔖Discount code "Mrunal.org") 📥 Download Topicwise CA-Excel from https://mrunal.org/current Timer 00:00 : El-Salvador & Bitcoin 09:45 : Countercyclical Fiscal policy 13:59 : RBI's New Deficit indicators 18:15 : Win21 Next Lecture 21:37 : Customs Duty on Palm Oil 25:57 : E-learning Cross-subsidization 28:57 : One Nation One Ration Card → **1A1-Money-💳**: El-Salvador: Legal tenders 1) US Dollars. 2) Additionally, Bitcoin (from 2021). Thus, El-Salvador became 1st nation in the world to allow bitcoin as legal tender, with following features 1) US Dollar will continue as legal tender. So, it's not compulsory to use Bitcoin only. 2) Buying-selling, tax payment may be done using Bitcoins or US Dollars. 3) Exchange rate between bitcoin and US dollar will be decided by market forces. 4) foreign investors bringing bitcoins to E-Salvador will be given certain tax benefits when they buy property etc. Why El-Salvador allowed Bitcoin? 1) $76 billion as inward-remittance but Banking penetration is poor. So, Bitcoin can help in Financial inclusion. 2) Country suffers from corruption and economic slowdown. So President wants to attract the foreign investors by giving Bitcoin lollipop. so, Some evil foreign businessman who have lot of black money stored in Bitcoin, may get attracted by this proposal for money laundering / tax avoidance in parent country. 3) Their president himself is having some controversies with the Supreme Court / Opposition Parties so in order to divert the media-attention from that political-drama, this bitcoin-drama is being done. But all this PhD is of no use because we are not preparing for EAS/EPS/EPSC. We're preparing for IAS/IPS/UPSC. अल-साल्वाडोर नामक देश में दो वैधानिक निविदा हैं अमेरिकी डॉलर या बिटकोईंन। बिटकॉइन को ऐसी अनुमति देने वाला यह दुनिया का पहला देश है। बिटकॉइन का इस्तेमाल ख़रीदारी में तथा कर भुगतान में हो सकेगा। बिटकॉइन तथा अमेरिकी डॉलर के बीच मुद्रा विनिमय दर बाज़ार शक्तियाँ तय करेगी। विदेशी निवेशक यदि बीटकोईंन के स्वरूप में अल-साल्वाडोर मे पैसा निवेश करेंगे तो उन्हें करों में कुछ रियायतें/छूट/माफ़ी दी जाएगी। अल-साल्वाडोर ये तमाशा क्यों कर रहा है उसके कारण मैंने अंग्रेज़ी में लिखें हिंदी अनुवाद में करूँगा नहीं क्योंकि परीक्षा के लिए वो पंचात काम की नहि, फ़ालतू में कुछ बाबूशोने इसमें घुस घुस के पीचडी कर rhe है और उनकी इन्ही ख़राब आदतों के चलते बार बार वे UPSC में असफल भी हो रहे है। → **1B-Bank Classification & Loans🔪**: ⚾️📻⚾️✋IDBI Bank privatisation: Present ownership: LIC 49% Union Government: 45% now union government in process of selling this shareholding. IDBI बैंक से सरकार अपनी शेयर हिस्सेदारी को बेच देगी। Already studied this IDBI privatization many times before for the last two years. → **1c👨🏿‍💻SEBI-Sharemarket**: ⚾️📻⚾️✋SEBI ruling on PNB Housing Finance company investment by Carlyle 🟧🟨🟧FAQs: → If above file not displaying then Use Chrome Browser, disable ad-blockers/add-ons. Although, excel file updated on weekly basis and not daily basis. → if mobile browser then click to open 'desktop version' of the site'. Although at present, mobile browsers seem not to allow download. I'm looking into this bug. 🎧View Full Playlist: https://www.youtube.com/playlist?list=PLAMBum9_RkuO2A9NqoQ_yzdrygqK0JG6n 🗯🙋‍♀️Q) What is this video-series? I'm simply "commenting" what was relevant from current news items for competitive exams in India such as UPSC,IAS/IPS,CDS,CAPF,IES,SSC,IBPS,RBI,SEBI,StatePCS etc from today's Indian Express (IE). You still have to read the paper to actually "learn" it.😅 🟧🟨🟧 👨‍🏫📡How to begin preparation for UPSC 2021, Booklist, Strategy: https://unacademy.com/class/comprehensive-strategy-to-crack-upsc-cse/PL7KLWIX (🔖unlock code "Mrunal.org") 👨‍🏫📡Daily study planner, monthly study planner, FAQs Notes-Making, Test Series & Time Management, Current Affairs Preparation: https://unacademy.com/class/ias-daily-study-planner-upsc-faqs-by-1st-attempt-candidate/U15BAGRI (🔖unlock code "Mrunal.org") 🟧🟨🟧 ☑️📜Website: https://mrunal.org ☑️👬FB: https://www.facebook.com/Mrunal.org/ ☑️♐️Telegram: https://telegram.me/mrunalorg ☑️👨‍🏫Unacademy: https://unacademy.com/@mrunal.org (use 🔖coupon code "Mrunal.org" for an extra discount!🤑) ☑️📯Twitter: https://twitter.com/Mrunal_Patel ☑️🛒Amazon: https://www.amazon.in/shop/mrunal (For purchasing competitive exam books)