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Nearly 308,000 counterfeit euro banknotes were withdrawn from circulation in the 2nd half of 2019.
The €20 and €50 notes continued to be the most counterfeited banknotes.
The data says that most counterfeits (96.4%) were found in euro area countries.
HOW MANY Fake Euro Banknotes Were Withdrawn From Circulation In 2nd Half of 2019? – Get The Figures Here
According to European Central Bank’s data, approximately 308,000 counterfeit euro banknotes were withdrawn from circulation in the 2nd half of 2019, an increase of 22.7% when compared with the 1st half of 2019 and 17.6% more than in the 2nd half of 2018.
In the second half of 2019, the €20 and €50 notes continued to be the most counterfeited banknotes, jointly Accounting for over 70% of all counterfeits.
The data specified that most counterfeits (96.4%) were found in euro area countries.
The rest were found in non-euro area EU Member States (3.0%) and in other parts of the world (0.6%).
There are around 24 billion euro banknotes in circulation, with a total value of close to €1.3 trillion, says the European Central Bank’s data.
You can check your notes by using the simple “feel, look and tilt” method described in the “The €uro” section of the ECB’s website and on the websites of the national central banks.
If you receive a suspect banknote, compare it directly with one you know to be genuine.
If your suspicions are confirmed you then should contact the police or your national central bank or your own retail or commercial bank.
The Eurosystem supports law enforcement agencies in their fight against currency counterfeiting.
Here’s How Central Bank Group Will Assess ‘Digital Currency’ Use Cases
The European Central Bank, The Bank of Canada, the Bank of England, the Bank of Japan, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements have created a group to share experiences as they assess the potential cases for central bank Digital Currency in their home jurisdictions.
Here’s How Central Bank Group Will Assess ‘Digital Currency’ Use Cases
The European Central Bank (ECB), The Bank of Canada, the Bank of England, the Bank of Japan, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS) on 21st January created a group to share experiences as they assess the potential cases for central bank digital currency (CBDC) in their home jurisdictions.
The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.
It will closely coordinate with the relevant institutions and forums – in particular, the Financial Stability Board and the Committee on Payments and Market Infrastructures (CPMI), the ECB stated in a statement.
The group will be co-chaired by Benoît Cœuré, Head of the BIS Innovation Hub, and Jon Cunliffe, Deputy Governor of the Bank of England and Chair of the CPMI.
It will include senior representatives of the participating institutions.
Approximately 72% of the Earth’s surface is covered with water and only 3% of this water is suitable for uses like drinking and irrigation
HOW MUCH of Earth’s Surface Water Is Suitable For Uses Like Drinking and Irrigation? – Get The Answer Here
About 72% of the Earth’s surface is covered with water and only 3% of this water is suitable for uses like drinking and irrigation, according to statistics of Live Science,
Water sources are under stress and the situation is expected to get worse because of Climate Change.
The report says that urbanization, Population growth and tourism have all contributed to the water shortages and droughts that are increasingly affecting many areas of Europe, especially the Mediterranean region.
Do You Know HOW MUCH Of The Earth’s Surface Is Covered With Water?
In order to secure Europe’s freshwater supplies for the years to come, the members of the environment committee backed on 21 January 2020 an informal agreement reached with the Council on a proposal for the reuse of waste water.
Across the EU, water shortages and droughts have increased dramatically in recent decades. They are likely to become more frequent and more severe in the future.
Around the Mediterranean region, about 20% of the Population lives under constant water stress and in Summer, over 50% of the Population is affected by water stress.
Europe needs a supportive framework for water reuse.
In a circular Economy, water reuse plays a key role, bringing significant environmental, social and economic benefits.
There is high potential for increased water reuse but awareness of the benefits of this Technology is low., and Europe lacks an adequate supportive framework for water reuse.
According to AMEC , stronger regulatory and financial incentives could help Europe reuse more than 6,000 million m³ of water every year by 2025.
France is one of the Member States with highest potential for more reuse, as 7.7 million m³ of waste water treated and reused.
Using a reliable supply of pseudostem material from banana plants grown at the Royal Botanic Garden Sydney, the duo set to work in extracting cellulose to test its suitability as a packaging alternative.
“What makes the banana growing business particularly wasteful compared to other fruit crops is the fact that the plant dies after each harvest,” said Arcot.
Arcot said she and Prof Stenzel have confirmed in tests that the material breaks down organically after putting ‘films’ of the cellulose material in soil for 6 months.
The results showed that the sheets of cellulose were well on the way to disintegrating in the soil samples.
“The material is also recyclable. One of our PhD students proved that we can recycle this for three times without any change in properties,” Arcot said.
If packaging manufacturers updated their machines to be able to fabricate the nano-cellulose film into bags and other food packaging materials, then banana pseudostems stand a real chance of making food packaging much more sustainable, the researchers said.
The banana-growing industry produces large amounts of organic waste, with only 12% of the plant being used while the rest is discarded after harvest.
Is It Possible To Predict People’s Age By Measuring Proteins In Blood? Researchers Say YES
Scientists have discovered that changes in the levels of numerous proteins that migrate from the body’s tissues into circulating blood not only characterize, but quite possibly cause, the phenomenon of ageing.
Is It Possible To Predict People’s Age By Measuring Proteins In Blood? Researchers Say YES
Researchers from the Stanford University School of Medicine discovered that changes in the levels of numerous proteins that migrate from the body’s tissues into circulating blood not only characterize, but quite possibly cause, the phenomenon of ageing.
Scientists measured 2,925 plasma proteins from 4,263 people aged between 18-95 and found that there are three distinct inflection points in the human life cycle.
The Researchers developed a new bioinformatics approach that uncovered marked non-linear alterations in the human plasma proteome with age.
Waves of changes in the proteome in the 4th, 7th and 8th decades of life reflected distinct biological pathways and revealed differential associations with the genome and proteome of age-related diseases and phenotypic traits, the researchers stated.
This new approach to the study of aging led to the identification of unexpected signatures and pathways that might offer potential targets for age-related diseases, they added.
Mukesh Ambani-led Reliance Industries (RIL) has become the India’s largest company with ₹ 580,553 crore revenue.
Here’s India’s Top 10 Largest Companies List
According to Fortune India 500 list, Mukesh Ambani-led Reliance Industries (RIL) ended Indianoil Corporation Limited’s 10-year supremacy as India’s largest company.
With revenue of ₹ 580,553 crore in 2018-19, the Reliance Industries also became the first privately-held company to become India’s largest corporation, Fortune India stated.
Indian Oil Corporation with ₹ 535,793 crore revenue became the 2nd largest corporation in India.
The Oil & Natural gas Corporation (436,057), State Bank of India (330,687) and Tata Motors (303,227) came in 3rd, 4th and 5th spots respectively.
The Fortune India 500 is a ranking of the top 500 corporations in India compiled on the basis of latest sales and Gross revenue figures.
The list is published annually by Fortune magazine. Fortune India is Fortune’s sixth international edition following local editions for China, Turkey, Korea, Indonesia as well as a special edition for Greece.
The Fortune India 500 list ranks publicly traded companies by their annual Audited total income.
What’s The Turnover Of Indian Automotive Component Industry? – Find The Figures Here
What’s The Turnover Of Indian Automotive Component Industry? – Find The Figures Here
The Automotive Component Manufacturers Association Of India on 12th December 2019 released “Industry Performance 2019” report.
According to the report, the turnover of the automotive component industry that contributes 2.3 per cent to India’s GDP, 25 per cent to its manufacturing GDP and provides employment to 50 lakh people, stood at Rs.1.79 lakh crore (USD 26.2 billion) for the period April 2019 to September 2019, registering a de-growth of 10.1 per cent over the first half of the previous year.
Commenting on the performance of the auto component industry in India, Vinnie Mehta, Director General, ACMA said, “The second-half of 2018-19 saw a significant slump in vehicles sales that continued well into the first-half of 2019-20. The component industry, in tandem, posted a some-what subdued performance with de-growth of 10.1 per cent over the first half of the last fiscal, registering a turnover of Rs.1.79 lakh crore (USD 26.2 billion). Auto Component exports at Rs.51,397 crore (USD 7.5 billion) remained stable with a moderate growth of 2.7 percent, the Aftermarket also witnessed growth of 4 per cent scaling to Rs.35,096 crore (USD 5.1 billion) however, sales to OEMs in the domestic market at Rs.1,50,743 crore (USD 22 billion) declined 15.2 per cent”.
Sharing his insights on the downturn in the auto component industry, Deepak Jain, President, ACMA said, “The automotive industry is facing a prolonged slowdown. The vehicle sales in all segments have continued to plummet for the last one year. Considering the auto component industry grows on the back of the vehicle industry, a current 15 to 20 per cent cut in vehicle production has inter-alia adversely impacted the auto components industry performance and investments. Going forward, with transition to BSVI and implementation of safety norms, the value-addition from the component industry is expected to progressively increase.”
Subdued vehicle demand, recent investments made for transition from BSIV to BSVI, liquidity crunch, lack of a clarity on policy for electrification of vehicles, among others, have also had an adverse impact on the expansion plans of the component sector, the report stated.
Speaking about the need for government intervention to sustain long-term growth in the Auto Component industry, Jain added, “One of the key recommendations of the industry has been a uniform 18% GST rate across the auto component sector; currently 60 per cent of the auto components attract 18 per cent GST rate, while the rest 40 per cent, majority of which are two-wheelers and tractor components, attract 28 per cent. The latter high rate has led to flourishing grey operations in the aftermarket. A benign rate of 18 per cent will not only ensure better compliance but will also ensure a larger tax base. That apart, revision in the definition of the MSMEs from one based on investment in plant and machinery to that on turnover, has been a long-standing request of the industry. Considering MSMEs constitute over seventy percent of the auto component industry, a change in the definition will enable a wider section of the industry avail government incentives.”
Key findings of the ACMA Industry Performance Review for 2019-20.
Exports: Exports of auto components grew by 2.7 per cent to Rs.51,397 crore (USD 7.5 billion) in H1 2019-20 from Rs 50,034 crore (USD 7.3 billion) in H1 2018-19. Europe accounted for 32 per cent of exports followed by North America and Asia, with 30 per cent and 26 per cent respectively.
The key export items included drive transmission & steering, engine components, Body/Chasis, Suspension & Braking etc.
Imports: Imports of auto components decreased by 6.7 per cent to Rs.57,574 crore (USD 8.4 billion) in H1 2019-20 from Rs.61,686 crore (USD 9.0 billion) in H1 2018-19. Asia accounted for 62 per cent of imports followed by Europe and North America, with 28 per cent and 8 per cent respectively.
Aftermarket: The aftermarket in H1 2019-20 grew by 4 per cent to Rs 35,096 crore (USD 5.1 billion) from Rs.33,746 crore (USD 4.9 billion) in H1 2018-19.
Does Early Exposure To Pet Dogs Help Lower The Chance Of Developing Schizophrenia? Study Says YES
People who are exposed to a pet dog before the age of 13 are as much as 24 per cent less likely to be diagnosed with schizophrenia later in life, according to a study.
Does Early Exposure To Pet Dogs Help Lower The Chance Of Developing Schizophrenia? Study Says YES
A study found that that people who are exposed to a pet dog before the age of 13 are as much as 24 per cent less likely to be diagnosed with schizophrenia later in life.
A study of 1,371 participants found that early exposure to pets as an environmental factor may help alter the human immune systems genetically or otherwise predisposed to develop psychiatric disorders.
A recent study by Johns Hopkins Medicine researchers cautions that more studies are needed to confirm these findings, to search for the factors behind any strongly supported links, and to more precisely define the actual risks of developing psychiatric disorders from exposing infants and children under age 13 to pet cats and dogs.
Researchers looked at a Population of 1,371 men and women between the ages of 18 and 65 that consisted of 396 people with schizophrenia, 381 with bipolar disorder and 594 controls.
Information documented about each person included age, gender, race/ethnicity, place of birth and highest level of parental education (as a measure of socioeconomic status), the report stated.
Patients with schizophrenia and bipolar disorder were recruited from inpatient, day hospital and rehabilitation programs of Sheppard Pratt Health System.
The report also said that all the participants were asked if they had a household pet cat or dog or both during their first 12 years of life.
Analyses were conducted for four age ranges: birth to 3, 4 to 5, 6 to 8 and 9 to 12.
The findings suggests that people who are exposed to a pet dog before their 13th birthday are significantly less likely — as much as 24% — to be diagnosed later with schizophrenia.
There are 16 stock exchanges in the world that have a Market Capitalization of more than US$1 trillion each.
The largest stock markets are sometimes referred to as the “$1 Trillion Club“.
These exchanges accounted for over 85% of global market capitalization. Some exchanges do include companies from outside the country where the exchange is located.
As the list shows, the United States with approximately $33.4 trillion in value came in first position. The China ($6.9 trillion), Japan ($6.3 trillion), Hong Kong ($5.3 trillion), and United Kingdom ($3.3 trillion) came in 2nd, 3rd, 4th and 5th spots respectively.
Saudi Arabian exchange Tadawul on 12th December 2019 became the world’s 7th biggest stock market by value of listed companies, surpassing Germany, Canada and India, following Saudi Aramco’s listing.
Who’s The Highest-Paid Women In The World? – Find The Details Here
UK’s online gambling mogul Denise Coates is the best-paid women in the world and the 6thrichest person in the United Kingdom.
Who’s The Highest-Paid Women In The World? – Find The Details Here
UK’s online gambling mogul Denise Coates is the best-paid women in the world and the 6th richest person in the UK.
Denise Coates, the Founder and co-CEO of gambling company Bet365, paid herself $422 million in salary and dividends in 2018.
This is the highest sum paid to the executive of a British company. She also broke the previous record of $347 million set by Coates a year earlier.
In October 2019, Forbes magazine estimated her Net Worth at $12.2 billion and she was paid a £323 million in 2018 which included a 50% share of a £92.5m company dividend.
Coates is the Highest Paid chief executive of any UK company.
In 2013, Coates was named as one of the 100 Most Powerful women in the UK by Woman’s Hour on BBC Radio 4.
In 2019, she was inducted to the sports Betting Hall of Fame run by Sports Betting Community (SBC) for her leadership in the gambling industry.
Giving Babies Eggs and Peanuts Can Prevent Food Allergies, Says Study
A new study has discovered that despite low adherence, early introduction to allergenic foods such as eggs and peanuts, was found to be effective in preventing the development of food allergies in specific groups of children.
Giving Babies Eggs and Peanuts Can Prevent Food Allergies, Says Study
A brand-new study undertaken by King’s College London and St George’s, University of has discovered that despite low adherence, early introduction to allergenic foods such as eggs and peanuts, was found to be effective in preventing the development of food allergies in specific groups of infants.
In a series of research papers published in The Journal of Allergy and Clinical Immunology, researchers discovered that despite low adherence, early introduction to allergenic foods including egg and peanut, was found to be effective in preventing the development of food allergies in specific groups of infants.
As part of the study, researchers studied over 1300 three-month-old infants in England and Wales by dividing them into two groups (Early Introduction Group and Standard Introduction Group), with one (Early Introduction Group) being fed the six sorts of allergenic foods from 3 months of age alongside breastfeeding.
The second group (Standard Introduction Group) was exclusively breastfed for 6 months.
Do Hospital Beds Made of Copper Kill Bacteria and Save Lives? Researchers Say YES
Do Hospital Beds Made of Copper Kill Bacteria and Save Lives? Researchers Say YES
A new study has found that copper hospital beds in ICUs harbored an average of 95 percent fewer bacteria than conventional hospital beds.
Findings published in “Applied and Environmental Microbiology,” stated that not only was the copper intervention superior in effectiveness at controlling burden within the built environment, but because it is the only adjunct to act continuously, actively killing bacteria 24 hours/day and only adding a modest increase to the environmental services/infection control budget, it is anticipated that the value delivered by this intervention to the infection control bundle warrants further studies to assess its impact on healthcare-associated infections (HAI) rates ultimately leading to consideration for its adoption.
“Hospital-acquired infections sicken approximately 2 million Americans annually, and kill nearly 100,000,” the study’s co-author said.
Notably, beds are thought to be among the most contaminated surfaces in hospitals.
In this study, the infection control properties of hospital beds were enhanced by encapsulating all of their near-patient surfaces with an US-EPA-registered copper coating and foil.
The in situ effectiveness of copper, as an antimicrobial intervention for controlling the microbial burden on bed surfaces was previously established by 3 distinct clinical trials; conducted in ICUs at three tertiary medical centers; a pediatric ICU, and a medical/surgical unit at a community hospital.
On average, the microbial burden on the bed surfaces tested was reduced by over 94% to levels observed on the equivalent control, plastic beds.
Here's What You Need To Learn About Europe’s Initiative “SME Access to Finance”?
The SME Access to finance Initiative will facilitate access to finance for local small and mid-sized businesses through partial portfolio guarantees.
Here’s What You Need To Learn About Europe’s Initiative “SME Access to Finance”?
The European Commission, the EU Bank, and the European Investment Bank (EIB) have joined forces in the SME Access to Finance Initiative developed under the European Fund for Sustainable Development (EFSD) in order to support economic growth, Innovation and employment in EU neighboring nations.
This programme will facilitate access to finance for local small and mid-sized businesses (SMEs) through partial portfolio guarantees, the EIB specified on 22 January.
According to the EIB’s statement, those guarantees will allow intermediary banks to take on more risk and extend financing on favourable terms, such as lower Interest Rates and/or reduced collateral requirements.
Furthermore, the initiative will contribute to greater financial inclusion: it will target underserved sectors, like start-ups or businesses run by women or people from disadvantaged communities, the bank said.
The programme is expected to unlock additional financing of some €200 million for small and medium-sized businesses and ultimately to sustain some 18,000 jobs across the target countries.
The EFSD is one of the EU financial instruments that promote a proactive development aid policy supporting investments in the EU neighborhood and Africa.
It is part of the EU External Investment Plan, which by 2020 is expected to generate €44 billion in investments.
The review process is expected to be concluded by the end of 2020.
The Governing Council will be guided by two principles: thorough analysis and open minds.
What To Learn About European Central Bank’s ‘Monetary Policy Strategy’ Review Process?
The European Central Bank (ECB)’s Governing Council on 23rd January launched a review of monetary policy strategy.
According to ECB’s statement, the review process is expected to be concluded by the end of 2020.
The statement said that the Governing Council of the ECB will be guided by two principles: thorough analysis and open minds. Accordingly, the Eurosystem will engage with all stakeholders, it said.
“As our economies are undergoing profound changes, it is the time for a strategy review to ensure we deliver on our mandate in the best interest of Europeans,” the ECB PresidentChristine Lagarde said.
The monetary policy strategy was adopted in 1998 and some of its elements were clarified in 2003.
Since 2003 the euro area and the Global Economy have been experiencing profound structural changes.
In the light of those challenges, the Governing Council of ECB has decided to launch a review of its monetary policy strategy.
The Governing Council will review the effectiveness and the potential side effects of the monetary policy toolkit developed over the past decade.
It will examine how the economic and monetary analyses through which the ECB assesses the risks to price stability should be updated, also in view of ongoing and new trends.
Finally, it will review its communication practices.
India is set to reach $5-trillion GDP target by 2026, two years later than Indian government’s target, the CEBR stated in its report.
India’s slow growth during 2019 has increased pressure for more radical economic reforms, it said.
“Our prediction that India will overtake Germany and then Japan to become the world’s third largest economy in 2034 assumes success in implementing such reforms,” the CEBR said.
In the long run, many Asian economies will rise through the ranks of the World Economic League Table (WELT) as these countries cash in on their demographic dividends, it said on 26th December.
The two most prominent examples are the Philippines, which will enter the top 25 largest economies reaching 22nd place in 2034, and Bangladesh, which will rise to 25th, the report stated.
“Despite the rapid ascent of countries such as India and Indonesia, it is striking how little an impact this will have on the US and China’s dominant roles in the Global Economy. Indeed, their share of world GDP is forecast to rise to 42% by 2034. The 2020s are set to be a decade marked by continued tensions between the US and China on multiple fronts ranging from trade to tech, which will cast a long shadow over the rest of the global economy.” said Pablo Shah, Senior Economist at Cebr.
Mukesh Ambani-led Reliance Industries (RIL) has become the India’s largest company with ₹ 580,553 crore revenue.
Here’s India’s Top 10 Largest Companies List
According to Fortune India 500 list, Mukesh Ambani-led Reliance Industries (RIL) ended Indianoil Corporation Limited’s 10-year supremacy as India’s largest company.
With revenue of ₹ 580,553 crore in 2018-19, the Reliance Industries also became the first privately-held company to become India’s largest corporation, Fortune India stated.
Indian Oil Corporation with ₹ 535,793 crore revenue became the 2nd largest corporation in India.
The Oil & Natural gas Corporation (436,057), State Bank of India (330,687) and Tata Motors (303,227) came in 3rd, 4th and 5th spots respectively.
The Fortune India 500 is a ranking of the top 500 corporations in India compiled on the basis of latest sales and gross revenue figures.
The list is published annually by Fortune magazine. Fortune India is Fortune’s sixth international edition following local editions for China, Turkey, Korea, Indonesia as well as a special edition for Greece.
The Fortune India 500 list ranks publicly traded companies by their annual Audited total income.
India has shown increasing trend in production of silk over the years. However, there is a marginal shortfall in silk production achievement against the targets set for silk production.
According to India’s textile Ministry, the main reasons for marginal shortfall in production is urbanisation in traditional silk producing States and deficient/erratic rain fall.
As per information released by the ministry on 13th December, the details of silk production against the target during last three years are as follows;
Year
Target (MT)
Achievement (MT)
% achievement
2016-17
32000
30348
94.8
2017-18
33840
31906
94.3
2018-19
35960
35468
98.6
Details of funds allocated for production of silk during the last three years and the current year are as follows;
(in Rs. crore)
Scheme
2016-17
2017-18
2018-19
2019-20
Silk Samagra
154.01
161.50
120.00
181.00
North East Region Textile Promotion Scheme
230.78
232.27
65.72
124.98
Silk Cocoons being an agriculture- based commodity, a number of factors such as climate (rainfall, drought), pest and disease incidences (which affect the production and quality of cocoon), demand for silk products and international prices of silk affect the cocoon prices.
As marketing of cocoon and raw silk comes under the State list, some States provide price incentive to farmers for their cocoon produce (through regulated cocoon markets), whenever there is a fluctuation in cocoon prices.
The traditional silk producing States like Karnataka, Andhra Pradesh, Tamil Nadu and West Bengal follow open auctions between farmers and the reelers.
The marketing of these commodities is purely done by the State
Want To Know How Much 'Humanitarian Budget’ The EU Has Allocated For 2020 - Details Here
The European Commission on 20th January adopted its initial annual humanitarian budget for 2020 worth €900 million.
Want To Know How Much ‘Humanitarian Budget’ The EU Has Allocated For 2020 – Details Here
The European Commission on 20th January adopted its initial annual humanitarian budget for 2020 worth €900 million.
According to EU Commission’s statement, €400 million will go for programmes in Africa, where the aid will support people affected by long-term conflict in the Democratic Republic of Congo, those suffering food and nutrition crisis in Sahel, and those displaced by violence in South Sudan, Central African Republic, and Lake Chad basin.
In the Middle East, €345 million of EU funding, will address the crisis in Syria and its refugees in neighbouring countries, as well as the extremely critical situation in Yemen.
In Asia and Latin America, EU aid worth €111 million will continue to assist the most vulnerable Populations affected by the crisis in Venezuela and refugees in neighbouring countries.
The European Union will also continue to provide help in Asian countries such as Afghanistan, which has witnessed war for nearly four decades, and Myanmar and Bangladesh, which both host Rohingya populations, the Commission stated.
Since climate change is increasing communities’ vulnerability to humanitarian crises, the funding will help vulnerable populations in disaster prone countries to better prepare for various natural disasters, such as floods, forest fires and Cyclones, the Commission added.
The EU is the leading global humanitarian aid donor and helps people in over 80 countries.
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