The Reserve Bank of India (RBI) said on November 29 that it has identified eight banks to participate in the launch of the first pilot for retail digital rupee. Earlier, the RBI had identified nine banks to participate in the launch of the first pilot of digital rupee in the wholesale segment on November 1. Eight banks have been identified for phase-wise participation in the latest pilot, the RBI said, adding that the first phase will begin with four banks -- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. Four more banks -- Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will join this pilot subsequently, a media release issued by the central bank noted. Here’s an explainer to better understand the rolling out of the Central Bank Digital Currency (CBDC). What is CBDC? A central bank digital currency is a legal tender issued in the digital form. It is the same as a fiat currency but the form … [Read more...] about MC Explains | RBI kicks off digital rupee pilot: 12 Questions answered
Answering leadership interview questions
Share to Twitter Share to Linkedin College students are complaining courses are too hard; professors claim standards are actually declining. Both may be right—and adopting learning strategies backed by scientific evidence could ease student stress without lowering rigor. In October, The New York Times reported that New York University professor Maitland Jones Jr. was fired after some students signed a petition saying his organic chemistry course was too hard. That sparked a flurry of commentary arguing that college students aren’t working hard enough , are being coddled , or are less resilient than they used to be. Another argument is that some courses—like organic chemistry—are supposed to weed out students who can’t hack it. Jones’s students aren’t the only ones complaining. A survey of 1,000 undergraduates found that 87% said a professor has made at least one of their classes too difficult. Two-thirds said the professor should have been … [Read more...] about To Help Struggling College Students, Look To Cognitive Science
Share to Twitter Share to Linkedin The National Technical Information Service (NTIS) is a federal agency within the U.S. Department of Commerce with the mission of providing innovative data services to federal agencies to advance their federal data priorities. NTIS applies its unique joint venture partnership (or JVP) authority to leverage leading, innovative private sector organizations to assist governmental agencies with addressing data-centric challenges that require quick access to private sector ingenuity and expertise and achieve a capacity to scale and time to market. At an upcoming December 2022 AI in Government event, Dr. Chakib Chraibi who is the Chief Data Scientist and Acting Associate Director for the Office of Data Services at NTIS will share additional insights on this topic. In this preview interview for Forbes, Chakib shares how NTIS is applying automation, AI and ML, some of the challenges associated in adopting transformative technology … [Read more...] about How The US Department Of Commerce And NTIS Provides Innovative Data Services
AI Recruiting Software: Job recruitment processes have greatly evolved over the years. Still, many organizations, especially the ones starting out, get it wrong with haphazard and unorganized steps. Being methodical is critical, especially when 52% of leaders in talent acquisition state that the toughest recruitment task is finding suitable candidates from a big pool of applicants. The process should also have clearly defined stages and steps, which can be a hiring template for recruiting teams. These AI recruiting software solutions may help HR managers greatly in terms of scaling up the hiring process and saving their time and energy. In this article, we delve deeper into the recruitment process, what it entails for companies and how AI recruiting solutions can be implemented for efficiency. A recruitment process is a customized organizational framework, system, or model of sourcing, screening, short-listing, and hiring the right candidates for the right job … [Read more...] about Step-by-Step Recruitment Process & How AI Recruiting Software Can Help
Share to Twitter Share to Linkedin The FTX bankruptcy on November 11 shocked the crypto market wiping out FTX's $34 billion valuation overnight with investors like Sequoia and Softbank writing their investments in FTX down to zero. Market contagion is spreading with BlockFi the latest casualty filing for bankruptcy earlier this week and Coinbase’s debt trading at near distressed levels. FTX was reported to have been $8 billion short of fulfilling customer requests for their money just 2 days before the bankruptcy and estimates vary about how much customer money is locked up in the bankruptcy. There is an estimated $10 billion shortfall of funds with FTX owing $3 billion to creditors. Customers, who are unsecured creditors, are at the back of the line and are unlikely to see their money. John Ray , the specialist that led Enron’s wind down was appointed to run the FTX bankruptcy said he had never seen “such a complete failure of corporate controls and … [Read more...] about Polyamory, Denial, And Recriminations: Rebuilding Trust In Crypto After FTX
Share to Twitter Share to Linkedin My week at re:Invent 2022 started with a welcome breakfast for the All Builders Welcome Grant Program Winners. The program provides underrepresented technologists within the first five years of their careers a complimentary trip to re:Invent. It was created to offer an opportunity to learn, network and find sponsors and mentors, all by removing the financial barriers to attending the conference. The program has been steadily growing and has tripled in size, with around 500 participants from 42 countries this year. For someone like myself, who has been attending tech events for the better part of twenty years and who has been advocating for diversity, the experience was both exciting and frustrating. It was exciting because, in case there are still doubts, diverse talent is aplenty if tech is willing to look for it and provide an opportunity. It was also frustrating because, by and large, tech is still using the same antiquated and … [Read more...] about Sustainability And Inclusion Take Center Stage At AWS Re:Invent
Share to Twitter Share to Linkedin I am in the middle of writing a book on French democracy, and not for the first time I wonder if I have the wrong country. Often in recent months I have felt I should have been scribbling about America or the UK, but now unrest is bravely picking up in Iran, and then, surprisingly we have the most political, widespread and angry outbreak of protests across China. It might well be too bold a view to say that the democratic recession is coming to an end or has troughed, but a ‘Spring’ in autocratic countries would be a welcome development, provided it ends well (please note that 15 of the 16 countries in the last ‘16’ round of the World Cup are democracies’). China is crucial and fascinating here. Having crowned himself as leader for ‘a very long time’ and triggered a transition from one party to one man, Xi Jinping’s hubris could not have been greater (see an earlier note ‘ The Red Curtain’ ), and this has now been punctured … [Read more...] about The Autocratic Recession – Will China’s Handling Of COVID Sink Its Economy?
Share to Twitter Share to Linkedin Direct Medical Programs, also known as BS/MD or BS/DO programs, are an attractive option for high school seniors committed to a career in medicine. Once admitted, students are guaranteed a spot in the partnered medical school if they meet all program requirements. Highly competitive, these Direct Medical Programs typically admit just a few students each year, such as Baylor University’s Baylor2 Medical Track Program, which accepts just six students. The University of Pittsburg’s Guaranteed Admission Program (GAP) received more than 2,000 applications for just 10-20 spots. To be considered, students often have high GPAs and SAT/ACT scores, with resumes filled with medical-based experiences and leadership positions. While most of the deadlines for direct medical programs are in November, some have later deadlines. These programs give students a second chance to add more schools to their college list. BS/MD And BS/DO … [Read more...] about It’s Not Too Late To Apply To BS/MD Programs: 26 Programs With Late Deadlines
Share to Twitter Share to Linkedin Elon Musk has received praise for his attempts to tackle Twitter’s long-documented child exploitation problems. Yet Forbes finds many users who appear to be trading egregious illegal content. L ast week, influential podcaster Liz Wheeler, who describes herself as “unapologetically one of the conservative movement's boldest voices,” took to Twitter to praise its new CEO, Elon Musk, for purging the site of “child pornography and child trafficking hashtags.” (Child advocates have long argued these terms indicate legitimacy and compliance on the part of the victim, and that such content should be called “child sexual abuse material.”) “Think about how many little children he’s saving from sexual abuse, exploitation & torture,” she added. Responding to Wheeler’s comments on Tuesday, Musk tweeted, “This will forever be our top priority.” Yet such illegal material remains alarmingly easy to find on Twitter—in … [Read more...] about If Child Protection Is Musk’s ‘Top Priority,’ Why Is It So Easy To Find Users Selling Images Of Nude Minors On Twitter?
Share to Twitter Share to Linkedin Judging by the amount of archival music or reissues that came out in 2022, you would be hard-pressed to complain about the lack of variety. From classic rock to pop to alternative rock to hip-hop, there is definitely something for the most discerning and sophisticated music fan. Usually featuring unreleased tracks along with the classic hits, deluxe packaging and detailed liner notes, music reissues are usually the perfect all-in-one gifts and proof that there's something special about owning or receiving music in physical and tangible form compared to a stream or download. Here in no particular order or ranking is a partial list (emphasizing ‘partial’) of just some of the noteworthy archival music released this year. Joni Mitchell The Asylum Albums (1972-1975) (Asylum/Rhino) The latest volume in the Joni Mitchell Archive Series focuses on the albums that the legendary singer-songwriter recorded for the … [Read more...] about Blondie, Beatles, Joni Mitchell, Notorious B.I.G.: Some Of 2022’s Notable Reissues