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The government has appointed Economic Affairs Secretary <keyword id="947916" type="PERSON" weightage="20" keywordseo="Tarun-Bajaj">Tarun Bajaj</keyword> as a director on the <keyword id="4101192" type="COMPANY" weightage="20" keywordseo="central-board-of-reserve-bank-of-india">central board of Reserve Bank of India</keyword> (RBI). <keyword id="6358511" type="DOMAIN" weightage="20" keywordseo="Bajaj">Bajaj</keyword> replaces Atanu Chakraborty, who retired on April 30. "The Central Government has nominated Tarun Bajaj, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India as a Director on the Central Board of Reserve Bank of India vice Atanu Chakraborty," RBI said in a statement on Wednesday. The nomination of Bajaj is effective from May 5 and until further orders, it said. Prior to taking over as Economic Affairs Secretary, Bajaj, a 1988 batch IAS officer, was the Additional Secretary in Prime Minister's Office. Before joining the Prime Minister's Office in 2015, Bajaj was Joint Secretary in Economic Affairs Department, looking after multilateral funding agencies division. He worked as Joint Secretary and Director in the <keyword id="175408" type="COMPANY" weightage="20" keywordseo="department-of-financial-services">Department of Financial Services</keyword>. As a Joint Secretary in the Department of Financial Services for four years, he was looking after the insurance division. DP DRRDRR

Central Government appoints Tarun Bajaj as Director on RBI Central Board

Public sector mortgage lender, <keyword id="6359231" type="General" weightage="100" keywordseo="Central-Bank-of-India" source="Orion">Central Bank of India</keyword> closed the third quarter of FY24 with higher net profit of Rs.717.86 crore. In a regulatory filing on Friday, the bank said that for the quarter ended December 31, 2023, it had earned a total interest income of Rs 7,809.21 crore (Q3FY23 Rs 6,716.55 crore) and a net profit of Rs 717.86 crore (Rs 458.22 crore). The profit went up drastically owing to the sharp spike in the bank's other income for the quarter under review at Rs 1,329.72 crore (Rs 919.16 crore). During the quarter under review, the bank's provisions for non-performing assets came down to Rs 726.69 crore (Rs 849.62 crore). As on December 31, 2023, the bank's gross and net non-performing assets stood at Rs 10,786.49l crore (December 31, 2023 Rs 18,489.97 crore) and Rs. 2,955,57 crore (Rs 4,060.92 crore). According to the Central Bank of India, during the quarter under review, its total business by 11.48% to Rs. 6,17,368 crore with total deposits growing by 9.53% to Rs 377,722 crore and gross advances going up by 14.71% to Rs 239,646 crore. Net Interest Income (NII) marginally declined by 4.04% on Y-o-Y basis to Rs 3,152 crore in Q3FY24 as against Rs 3,285 crore for Q3FY23. However excluding one off exceptional item, NII was up 3.73% from Rs 3,042 crore in Q3FY23 to Rs 3,125 crore in Q3FY24.

Central Bank of India logs Rs.717 crore net profit for Q3

<ul class="summary-list"><li><keyword id="10473418" type="UNKNOWN" weightage="60" keywordseo="cathie-wood">Cathie Wood</keyword> said emerging market <keyword id="46318" type="ORGANIZATION" weightage="60" keywordseo="central-banks">central banks</keyword> may start adding <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword> to their holdings.</li><li>But central bankers around the world have, by and large, been very pessimistic about crypto.</li><li>From Argentina to the UK, central bank bosses have warned the assets are highly risky.</li></ul>Superstar investor Cathie Wood said on Thursday central banks in emerging <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> could add <keyword id="2420795" type="PERSON" weightage="60" keywordseo="cryptocurrencies">cryptocurrencies</keyword> to their balance sheets to protect against the effects of deflation as the economic boom cools.She <a href="https://www.coindesk.com/ark-cathie-wood-crash-esg-movement">told CoinDesk's Consensus event</a> that emerging market central banks - and maybe even the eurozone - could well start holding hard assets like bitcoin "because they know their currencies are going down, and that they will be under attack as reserves go down."Yet central bankers have by and large been dismissive of crypto, including those in emerging economies such as India.Hours before Wood's comments, Japan's central bank chief expressed doubts about bitcoin's uses and called the asset "speculative.""Most of the trading is speculative and volatility is extraordinarily high," Bank of Japan Governor Haruhiko Kuroda <a href="https://www.bloomberg.com/news/articles/2021-05-28/kuroda-joins-chorus-of-central-bankers-casting-doubt-on-bitcoin?srnd=premium-europe">told Bloomberg</a> on Thursday. "It's barely used as a means of settlement."This is what other central bankers think about cryptocurrencies:Reserve Bank of India Governor Shaktikanta DasDas <a href="https://www.businessinsider.com/indian-central-bank-has-major-concerns-over-cryptocurrencies-governor-das-2021-2">said in February</a> he was concerned that cryptocurrencies could threaten financial stability in India.He told CNBC TV-18 the central bank had told the government about these "major concerns."India's central bank moved to ban banks from handling cryptocurrency transactions, although the Supreme Court later struck down the rule in March. Asia's third-largest economy has considered banning cryptocurrencies altogether.People's Bank of China Governor Li BoLi <a href="https://markets.businessinsider.com/currencies/news/bitcoin-china-softens-tone-calls-btc-investment-alternative-crypto-2021-4-1030319057">said in April</a> bitcoin is an "investment alternative," which encouraged many in the crypto community."We regard bitcoin and stablecoin as crypto assets ... These are investment alternatives," he said at a panel hosted by CNBC. Yet he said they "are not currency per se" and added that he had doubts about their role in the real economy.However, the PBoC has a history of acting tough on crypto. It <a href="https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18/">renewed its crackdown</a> on banks accepting cryptocurrencies as payments in May, triggering a plunge in bitcoin.Central Bank of ArgentinaThe central bank in Argentina - which is a country prone to currency crises - warned its citizens earlier in May about the risks of cryptocurrencies, in a joint statement with the securities regulator.It said crypto assets aren't legal tender and "can cause significant financial losses for its holders, including the possibility of losing the totality of the resources invested."Bank of England Governor Andrew BaileyBailey <a href="https://markets.businessinsider.com/currencies/news/cryptocurrencies-bitcoin-dogecoin-risks-lose-money-bank-of-england-andrew-bailey-1030396958">had words of warning</a> on cryptocurrencies at the BoE's latest monetary policy meeting. "I would only emphasize what I've said quite a few times in recent years. I'm afraid they have no intrinsic value," he said."Now that doesn't mean to say people don't put value on them, because they can have extrinsic value. But they have no intrinsic value."Bailey added: "I'm sorry, I'm going to say this very bluntly again: buy them only if you're prepared to lose all your money."The Governor said later in May the rise in bitcoin was a warning sign. "You've probably seen all the stories about the price of bitcoin," he said at a Bank of England event."That's a warning sign. People are looking for investment opportunities. Buy it if you want, but it has no intrinsic value."Federal Reserve Chair Jerome PowellPowell made a similar point to Kuroda in April, saying bitcoin and cryptocurrencies are for speculation."They're really vehicles for speculation," he told the Economic Club of New York. "They're not really being actively used as payments."In March he compared cryptocurrencies to gold. "They're highly volatile and therefore not really useful stores of value and they're not backed by anything," <a href="https://markets.businessinsider.com/currencies/news/bitcoin-volatile-dollar-cryptocurrencies-digital-currency-federal-reserve-jerome-powell-2021-3-1030233742">Powell said</a> at a Bank for International Settlements event."It's more a speculative asset that's essentially a substitute for gold, rather than for the dollar."European Central Bank President Christine LagardeLagarde <a href="https://www.businessinsider.com/christine-lagarde-central-banks-unlikely-to-hold-bitcoin-soon-2021-2">said</a> she doesn't think bitcoin is a real currency - a view shared by most central bankers - in February, adding that central banks would not start holding cryptocurrencies."It's very unlikely - I would say it's out of the question," Lagarde said at a virtual event hosted by The Economist.She had been even more downbeat in January, saying bitcoin "is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity."The ECB boss called for more regulation that "has to be applied and agreed upon… at a global level."ECB Vice President Luis de GuindosLagarde's deputy expressed similar skepticism towards cryptocurrencies in May, saying bitcoin isn't a real investment."When you have difficulties to find out what are the real fundamentals of an investment, then what you're doing is not a real investment," Guindos <a href="https://www.bloomberg.com/news/articles/2021-05-19/ecb-s-guindos-says-crypto-assets-aren-t-a-real-investment">told Bloomberg TV</a>. "This is an asset with very weak fundamentals and that is going to be subject to a lot of volatility."However, the ECB said in its Financial Stability Review in May bitcoin does not pose much of a risk to the financial system.Danmarks Nationalbank Governor Lars RohdeRohde stuck to the central banker line on Thursday, <a href="https://www.bloomberg.com/news/articles/2021-05-27/cryptocurrencies-can-be-ignored-as-speculative-fad-rohde-says">telling Bloomberg</a> that bitcoin is "a very speculative asset at best."He said: "There is no stability and no guarantee from any side about the value of cryptocurrencies." Rohde added that he's "tempted to ignore" cryptos.

Cathie Wood says central banks might add crypto to their balance sheets. Here's the list of bitcoin-skeptic central bankers who think otherwise.

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Copywrite Rachellynn Schoen Courtesy ScareHouse</div></div></div>Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.To sign up, scroll to the bottom of this page and click "Get updates in your inbox," or <a href="http://www.businessinsider.com/newsletter/prime-finance?IR=T&amp;utm_source=businessinsider&amp;utm_medium=finance_insider&amp;utm_term=finance_insider_leadgen_text_link&amp;utm_content=leadgen_text_link&amp;utm_campaign=finance_insider_leadgen_link">click here.</a>The Bank for International Settlements - known as the central banks' central bank - is warning that there's a <a href="http://www.businessinsider.com/bank-for-international-settlements-bis-on-negative-interest-rates-and-monetary-policy-2016-3">"gathering storm" in the global economy</a>.In a report titled "Uneasy calm gives way to turbulence," BIS chief Claudio Borio warns that 2016 is off to a terrible start that is really freaking out the central banks."The tension between the markets' tranquility and the underlying economic vulnerabilities had to be resolved at some point," Borio said. "In the recent quarter, we may have been witnessing the beginning of its resolution."In other news, China's foreign-exchange reserves dropped by less than expected in February, <a href="http://www.businessinsider.com/china-capital-outflow-issues-remain-2016-3">falling by only $29 billion</a>, and Wall Streeters <a href="http://www.businessinsider.com/average-wall-street-bonuses-drop-2016-3">are taking a big bonus cut.</a>There is a 'game changer' technology on Wall Street and <a href="http://www.businessinsider.com/what-is-blockchain-2016-3">people keep confusing it with bitcoin. </a>One of Bank of America's top <a href="http://www.businessinsider.com/kevin-connors-bank-of-america-2016-3">trading execs is leaving as the bank prepares job cuts</a>, and Mike Bloomberg is expected to decide <a href="http://www.businessinsider.com/ap-bloomberg-again-at-center-of-his-company-but-readying-exit-2016-3">within 2 weeks on whether he'll enter the race for White House.</a>Lastly, legendary New York Stock Exchange floor trader and director of floor operations for UBS Art Cashin turns 75 on Monday. <a href="http://www.businessinsider.com/art-cashin-biography-2016-3">Here is a look at his incredible life. </a>Here are the top Wall Street headlines at midday: <a href="http://www.businessinsider.com/us-economy-goes-from-almost-bad-to-almost-good-2016-3">A subtle shift in the US economy changed the whole story for markets</a> - The beginning of 2016 saw markets in turmoil. And the primary concern seemed to be the health of the world's largest economy: the US.<a href="http://www.businessinsider.com/r-wells-fargo-searching-for-rainmaker-in-bid-to-boost-dealmaking-franchise-2016-3">Wells Fargo is on the hunt for a rock star banker</a> - Wells Fargo is hunting for a new head of mergers and acquisitions, according to people familiar with the matter. <a href="http://www.businessinsider.com/r-exclusive-jefferies-restructures-junk-debt-business-bankers-leave-sources-2016-3">Jefferies is restructuring its junk debt business and 2 bankers have left</a> - Jefferies Group will merge its junk-rated loans and bonds business with the junk debt unit of its joint venture with MassMutual Financial Group, according to people familiar with the matter.<a href="http://www.businessinsider.com/fed-shot-themselves-in-foot-3-years-ago-2016-3">It doesn't matter what the Fed does now - they shot themselves in the foot 3 years ago</a> - When will the Federal Reserve raise rates next? <a href="http://www.businessinsider.com/adam-parker-says-do-the-opposite-2016-3">Morgan Stanley's top equity strategist recommends investors do the opposite of whatever they think they should do</a> - Stocks, crude oil, and high-yield credit have all made a comeback in recent days. <a href="http://www.businessinsider.com/fred-wilson-here-is-the-new-entertainment-bundle-2016-3">There is a new type of entertainment 'bundle' emerging, according to prominent VC Fred Wilson</a> - The new "bundles" Wilson points to aren't just a package of video channels. These bundles put "TV" together with other services.

The central banks' central bank has a dire warning for the global economy

<ul><li>The Indian Railways<a href="https://drive.google.com/file/d/1_FNlBgTyng60NF1FooAlPoPlMJ3P7Kr7/view"> is looking to hire ten </a>medical super-specialist and specialists. </li><li>The contractual job for various medical posts vacant at Dr B.A.M Hospital, Central Railway Byculla will be for one year. </li><li><a href="https://www.businessinsider.in/">Check Business Insider for the latest news and updates. </a> </li></ul>The Indian railways<a href="https://drive.google.com/file/d/1_FNlBgTyng60NF1FooAlPoPlMJ3P7Kr7/view"> is looking to hire ten </a>medical super-specialist and specialists for various posts vacant at Dr B.A.M Hospital, Central Railway Byculla, on contract for a year. All the interested candidates can apply for the positions with their personal details, educational qualifications and other relevant information on a plain A4 sized paper. The applicants are required to send the application by post to The Medical Director’s Office, Dr.B.A.M Hospital, Central Railway, Byculla. Mumbai-27. The last date to submit the application is September 21, 2020. These are the latest medical job vacancies at <keyword id="6378318" type="UNKNOWN" weightage="20" keywordseo="Central-Railways">Central Railways</keyword> in India: <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Speciality </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cadre </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of Post </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">House of Duty </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total Monthly Honorarium Paid </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cardiologist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Super specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 2 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Neurologist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Super specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 2 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Endocrinologist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Super specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 2 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">DM/Hematology </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Super specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 2 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pediatric Intensivist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Super specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 2 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Physician Intensivist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 4 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹32,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Anaesthetist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 4 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹32,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ENT </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 4 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹32,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Radiologist (Specially for USG and USG guided Biopsies and other interventions) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 2 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹16,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dermatologist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Specialist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 hours a day 2 days/Week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹16,000 </td></tr></tbody></table>Qualification <ul><li>For super-specialist cadre, post-doctoral qualification DM/MCH or equivalent is a must.</li><li>For specialist cadre, a post graduate degree from a recognised university and experience of three years in professional work is a must. Candidates with a PG Diploma and five years of experience are also eligible. </li></ul>Age Limit The preferred age is between 30 years and 64 years. Tenure of Working The job offer is valid only for a year. However, it can be extended yearly, until the scheme is valid. The contract extension depends on the performance of the candidate. Also, the contract can be terminated by either party with prior notice of one month. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-wants-to-increase-data-prices-to-100-per-gb-sunil-mittal-asks-subscribers-to-prepare-to-pay-a-lot-more/articleshow/77734318.cms">Airtel wants to increase data prices to ₹100 per GB, founder Sunil Mittal asks subscribers to ‘prepare to pay a lot more’</a> <a href="https://www.businessinsider.in/defense/news/india-china-talks-brigade-commanders-sit-down-to-discuss-pangong-tso-incident-again-today/articleshow/77884173.cms">Day three of India-China talks — Brigade Commanders sit down to discuss Pangong Tso incident again today</a>

Central Railways is hiring for these medical ‘specialists’ job vacancies —  check the list here

<ul class="summary-list"><li><keyword id="2420795" type="PERSON" weightage="60" keywordseo="cryptocurrencies" source="Orion">Cryptocurrencies</keyword> will survive, but their use may be limited by central bank digital currencies, Deutsche Bank said.</li><li>The report says cryptocurrencies will become stronger and more usable in everyday life the longer they exist.</li><li>Once CBDCs are commonplace, their advantages could outweigh those of cryptocurrencies, the report said.</li></ul>Cryptocurrencies aren't going anywhere in the coming years, but their usage will probably decline when central bank digital currencies (<a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">CBDCs</a>) are eventually rolled out, according to Deutsche Bank International Private Bank. Currently, cryptocurrencies like <keyword id="6354947" type="General" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> are not a mainstream asset class, but it will become more robust over time, Christian Nolting, Deutsche Bank's global chief investment officer, wrote in an introduction to a special report. "The longer cryptocurrencies survive, the more robust and credible they become due to network effects (Metcalfe's law). Once we see some stability in terms of price fluctuations, the use of cryptocurrencies for the exchange of goods and services goods could increase," the report said. Whether this will become reality depends on the rollout of CBDCs and factors such as regulation, environmental impact, security issues and transaction speed, Deutsche Bank said. Whilst most major <keyword id="46318" type="ORGANIZATION" weightage="60" keywordseo="central-banks" source="Orion">central banks</keyword> are examining the possibility of launching their own <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">digital currencies</a>, China and Sweden are two of the few who have started trials. The US Federal Reserve and the European Central Bank are yet to decide whether to launch their own digital coins. Deutsche Bank argues the longer central banks take to deploy their own digital currencies, the more scope existing cryptocurrencies will have to establish themselves. As most CBDCs are still at the very early stages of development, this could be a long time coming, but will have a significant impact when their use does become mainstream. "A widespread introduction of CBDCs accompanied by higher regulation of <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword>currencies could create a more challenging environment for crypto assets as some (but not all) of their advantages compared to traditional financial assets would fade in the longer term," the report concludes. Key differences between cryptocurrencies and CBDCs include the levels of centralization, regulation, oversight, encryption and transparency, Deutsche Bank said. <div type="image" title="CBDCs vs Crypto" height="524" width="1049" msid="82261102" hostid="261"></div> "My belief is that governments and more digitally-aware populations may ultimately prefer to go with <keyword id="6791630" type="General" weightage="60" keywordseo="CBDC" source="Orion">CBDC</keyword>, at least for general use, at the possible expense of some cryptocurrencies," Nolting said in the report. "If this happens, then the more successful cryptocurrencies are likely to become increasingly differentiated in terms of business models and utility," he continued, highlighting a potential future path for crypto investments. The report also urged caution against treating cryptocurrencies as an equivalent to gold in terms of diversification and risk management. Deutsche Bank said the high volatility and low liquidity of cryptocurrencies were key concerns. Despite this, the incorporation of crypto assets into existing investment vehicles like ETFs may attract more retail and institutional funds into the sector as it makes investments easier, the bank said.

Cryptocurrencies will survive the rise of central bank-backed digital coins, but their use will likely decline, Deutsche Bank says

Minister of Human Resource Development Mr Ramesh Pokhriyal Nishank introduced the Central Universities (Amendment) Bill, 2019 on July 8, 2019. As it was cleared by the Lok Sabha on July 12, 2019, the bill was eventually approved by the Rajya Sabha on Tuesday, July 16, 2019. The provisions of this act amend the Central Universities Act, 2009, that is aimed at establishing Universities for education and research across different states of India. What the bill implies? The Central Universities Amendment Bill creates room for establishing two central universities in the state of Andhra Pradesh. The names of these universities will be the Central University of Andhra Pradesh and the Central Tribal University of Andhra Pradesh. The principal objective of the Central Tribal University is to take added measures to offer opportunities to the tribal population in the realms of higher education and research and also create enough facilities for researches related to tribal art, technology, culture, and customs. The background It is important to note that the creation of a Central University and a Central Tribal University in the state of Andhra Pradesh becomes mandatory as per the provisions found in the Andhra Pradesh Reorganization Act, 2014. Measures taken as per the amendment While talking on the bill, <keyword id="7877691" type="UNKNOWN" weightage="20" keywordseo="HRD-Minister-Ramesh-Pokhriyal-Nishank">HRD Minister Ramesh Pokhriyal Nishank</keyword> made an assurance to the members of the houses that the said universities will be created within the next four years. The minister said that the Government of India has now allotted a sum of RS. 450 crore for the project’s first phase that will see the emerging of the Central University. The total value of the project will be Rs. 902.07 crore. The government has also allotted a sum of Rs. 420 crore for the first phase of setting up the Tribal University which will be accomplished at a total allotment of Rs. 836 crore. The minister also said that the government is attaching a high priority to empower the education system in the country further. With this objective, the budget for education has been increased to Rs. 95,000 crore this year from Rs. 67,000 crore in 2013-14. The minister stated that the creation of these two universities in the state of Andhra Pradesh will significantly enhance the quality of Higher Education and also promote the avenues for research and higher education for the people residing in the state of Andhra Pradesh. Talking about the Tribal University, the minister remarked, "Apart from being focused on tribal education, the Central Tribal University shall carry out all educational and other activities like any other Central University.” Discussions in Rajya Sabha K Ram Mohan Naidu of the Telugu Desam Party said that the educational institutions that exist today in Andhra Pradesh are not running well and they lack the resources to function properly. YSRCP party’s Lavu Devarayalu requested the government to sanction enough funds towards the creation of the Central universities and urged for introducing more courses and research programs in these two budding universities. He also said, "More funds need to be allocated to the Eklavya schools in tribal areas so that the students who eventually go to the tribal university have a strong foundation.”

Explained: Central Universities (Amendment) Bill 2019

Happy hump day, dear readers. Max Adams here, standing in for Phil Rosen. Today, we're looking closer at what is shaping up to be a historic dilemma for central banks around the world. The Fed and other policy makers are torn between two tough choices — <a href="https://markets.businessinsider.com/news/stocks/recession-inflation-fed-federal-reserve-central-banks-stagflation-growth-bis-2022-6">prioritze fighting inflation</a> or <a href="https://markets.businessinsider.com/news/bonds/economic-outlook-federal-reserve-inflation-interest-rate-prices-recession-blackrock-2022-6">steer the economy away from recession</a>. Tough time to be a central banker. Let's dive in. If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-opening-bell">sign up here</a>. Download Insider's app <a href="https://www.insider.com/app">here.</a><a href="https://markets.businessinsider.com/news/stocks/recession-inflation-fed-federal-reserve-central-banks-stagflation-growth-bis-2022-6"></a>1. It's possible that inflation has peaked — but that could still mean more pain ahead. That's according to an executive at BlackRock, who said Tuesday that <a href="https://markets.businessinsider.com/news/bonds/economic-outlook-federal-reserve-inflation-interest-rate-prices-recession-blackrock-2022-6">central banks will cause significant damage</a> in trying to rein inflation back to the 2% target level. Philipp Hildebrand told Bloomberg that the Fed can still cause a lot of damage if it commits to lowering inflation back down to its target. That would require jacking rates up to unimaginable levels and basically ensuring demand destruction throughout the economy. The Fed's inflation fight, he said, could land the economy in "deep recession territory." The BlackRock exec's comments follow a very similar warning from the Bank for International Settlements, which said this week that <a href="https://markets.businessinsider.com/news/stocks/recession-inflation-fed-federal-reserve-central-banks-stagflation-growth-bis-2022-6">the Fed faces an unprecedented dilemma</a>. On the one hand, if the central bank does not bring prices down they run the risk of inflation becoming entrenched. On the other hand, officials risk a near-guaranteed recession if they commit to bringing prices back to earth. Ultimately, the BIS says the Fed should <a href="https://markets.businessinsider.com/news/stocks/recession-inflation-fed-federal-reserve-central-banks-stagflation-growth-bis-2022-6">prioritize fighting inflation versus avoiding a recession</a>. "The new inflationary environment has changed the balance of risks," BIS strategists said. "<a href="https://markets.businessinsider.com/news/stocks/recession-inflation-fed-federal-reserve-central-banks-stagflation-growth-bis-2022-6">Central banks have not faced this challenge for decades</a>."In other news:<a href="https://markets.businessinsider.com/news/commodities/oil-price-outlook-exxon-mobil-ceo-investment-green-energy-transition-2022-6"></a><div type="image" title="gas pumps 5-dollar exxon" height="512" width="1024" msid="92545786" hostid="261"></div>2. US stock futures were down early Wednesday, after disappointing data releases soured the mood across financial <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword>. Meanwhile, bitcoin was last seen hovering just above the $20,000 level, after dipping below it briefly. <a href="https://markets.businessinsider.com/news/stocks/stock-market-today-us-futures-bonds-global-recession-consumer-confidence-2022-6">Here are the latest market moves.</a> 3. On the docket: General Mills, National Beverage Corp., and Paychex <a href="https://markets.businessinsider.com/earnings-calendar">all reporting</a>. Plus, look out for the final GDP data for the first quarter of 2022, expected to be published by the Bureau of Economic Analysis at 7:30 am ET. 4. Investors should look at these eight undervalued technology stocks. That's according to Bank of America, which lays out its picks for stocks in sectors that now look cheap — <a href="https://www.businessinsider.com/stock-picks-to-buy-cheap-undervalued-tech-bank-of-america-2022-6">including four names that could soar by over 100%.</a> 5. One crypto exchange is trying to resume customer withdrawals by issuing a new token. Coinflex halted withdrawals in the wake of a large account running into trouble. <a href="https://markets.businessinsider.com/news/currencies/cryptocurrency-exchange-coinflex-recovery-token-withdrawal-rvusd-crypto-crash-2022-6">Now it wants to issue recovery tokens to investors with the aim of resuming activity on June 30.</a> 6. The CEO of Exxon Mobil sees oil prices climbing further. The head of the oil giant told the Financial Times that higher prices will lead to more investment and production from energy firms. <a href="https://markets.businessinsider.com/news/commodities/oil-price-outlook-exxon-mobil-ceo-investment-green-energy-transition-2022-6">"They always say the cure to high prices is high prices," Darren Woods said.</a> 7. Stocks will fall another 10% before hitting the bottom, Morgan Stanley says. With the S&amp;P 500 falling more than 20% year-to-date, many investors are wondering when a significant rally is coming. But Morgan Stanley Wealth Management's CIO says the odds of a recession have doubled, <a href="https://markets.businessinsider.com/news/stocks/stock-bear-market-outlook-bottom-recession-crash-bubble-morgan-stanley-2022-6">and further falls are ahead</a>. 8. A top crypto VC explains how the firm avoided the fallout from the Luna and Celsius debacles. Michael Anderson is the cofounder of Framework ventures, which manages $1.4 billion. <a href="https://www.businessinsider.com/crypto-investing-vc-lunausd-celsius-contagion-tokens-to-buy-2022-6">Read what he has to say about the current market downturn, and why it may present some interesting opportunities.</a>9. UBS and Credit Suisse are telling clients the bond markets are stabilizing. That brings some new opportunities for investors to see big gains in the stock market. <a href="https://www.businessinsider.com/stocks-to-buy-to-market-rally-bounce-bonds-stabilize-ubs-2022-6">Here are the 12 stocks the banks say could capture a 10% surge in the market.</a> 10. US authorities stopped a tanker full of Russian crude products on the way to New Orleans. The ship was planning to arrive at the port on Sunday. The US banned Russian crude imports in early March. <a href="https://markets.businessinsider.com/news/commodities/russian-oil-fuel-tanker-new-orleans-us-embargo-ukraine-sanctions-2022-6">Get all the details on the situation here.</a> Keep up with the latest markets news throughout your day by checking out <a href="https://link.chtbl.com/therefresh">The Refresh from Insider</a>, a dynamic audio news brief from the Insider newsroom. <a href="https://link.chtbl.com/therefresh">Listen here.</a>Curated by Max Adams in New York. (Feedback or tips? Email <a href="mailto:prosen@insider.com">madams@insider.com</a> or tweet <a href="https://twitter.com/philrosenn">@maxradams</a>.) Edited by Hallam Bullock (<a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

Opening Bell: An unprecedented central bank dilemma

The government has said that <a href="http://www.businessinsider.in/searchresult.cms?query=Wi-Fi">Wi-Fi</a> would be provided in all <a href="http://www.businessinsider.in/searchresult.cms?query=central+universities">central universities</a> under the National Mission on Education through Information and Communication Technology (NMEICT). 
 
The Human Resource Development Minister<a href="http://www.businessinsider.in/searchresult.cms?query=+Smriti+Irani"> Smriti Irani</a> has said that two <keyword id="6435699" type="ORGANIZATION" weightage="80" keywordseo="Central-Universities">central universities</keyword>, Allahabad University and North Eastern Hill University are already covered under Department of Electronics and Information Technology programme. 
 
For the other 38 universities, Project Approval Board of NMEICT has approved the proposal at the cost of Rs 335.85 Crores. 
 
Image credit: Indiatimes

Wi-Fi to be offered in all Central Universities

<ul class="summary-list"><li><keyword id="46318" type="ORGANIZATION" weightage="60" keywordseo="central-banks">Central banks</keyword> need to issue <keyword id="3144636" type="PERSON" weightage="60" keywordseo="digital-currencies">digital currencies</keyword> as <keyword id="37885" type="ORGANIZATION" weightage="60" keywordseo="Cash">cash</keyword> will become outdated, a <keyword id="6365707" type="ORGANIZATION" weightage="60" keywordseo="ubs">UBS</keyword> chief economist said.</li><li>These <keyword id="50691" type="COMPANY" weightage="60" keywordseo="Digital">digital</keyword> currencies won't operate like cryptocurrencies and will have no wild swings in value, Paul Donovan said.</li><li>The supply of an officially backed coin depends on a <keyword id="6358156" type="ORGANIZATION" weightage="60" keywordseo="central-bank">central bank</keyword>'s authority to regulate the currency's spending power.</li></ul>Central banks will soon need to issue digital currencies as the use of cash slowly becomes irrelevant, according to UBS chief economist Paul Donovan."Central bank digital currencies are likely to start becoming part of individual economies' payment systems in the coming years," he said in a note published this week.People are using physical forms of <keyword id="6354840" type="UNKNOWN" weightage="60" keywordseo="money">money</keyword>, like notes and cash, much less than before. Moreover, about half of Sweden's banks no longer accept cash and its <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> is expected to go <a href="https://www.tbsnews.net/economy/lessons-north-how-sweden-going-cashless-2023-50452">cashless by 2023</a>. "We wave debit cards and mobile devices around with the reckless abandon of a first year student at Hogwarts trying out a wand, magically paying for things without ever having to touch cash," Donovan said, referring to the boarding school in the "Harry Potter" series of children's books.Donovan laid out specific differences between how CBDCs would operate compared with cryptocurrencies. CBDCs would be interchangeable with notes and coins in circulation, accepted for tax payments, and wouldn't have wild fluctuations in value - unlike typical crypto, such as bitcoin. Officially backed digital currency supply could change depending on the central bank's ability to regulate the spending power of the currency, he said. Meanwhile, cryptocurrencies are decentralized and cannot be controlled by any one party.He also said digital cash is a direct claim on the private bank to which its account is tied, and not on the government. This means government-produced money is becoming less significant, while digital money produced by the private sector is increasing in importance. "If central banks want to stay relevant as cash becomes less relevant, they might have to consider entering the world of digital money," he said. China is among the leading economies looking closely at CBDCs. The People's Bank of China aims to become the world's first to issue a digital currency as part of a push to reduce its reliance on the dollar-denominated financial system, according to <a href="https://www.reuters.com/article/cenbanks-digital-china-rules/china-proposes-global-rules-for-central-bank-digital-currencies-idUSL8N2LN46B">Reuters</a>.Federal Reserve Chairman Jerome Powell said last month a potential digital dollar is a "<a href="https://markets.businessinsider.com/currencies/news/fed-digital-dollar-jerome-powell-congress-issue-crypto-bitcoin-2021-2-1030114663?utm_source=markets&amp;utm_medium=ingestgest">high priority</a>" project for the US. But he thinks CBDCs should <a href="https://markets.businessinsider.com/news/stocks/fed-chair-powell-central-bank-digital-currencies-must-coexist-cash-2021-3-1030227076">exist alongside cash</a> and other forms of money, rather than replace them entirely.

You Searched For "central" and got 11 results

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