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Delhi University takes paperless route, aims to make printing redundant

[ad_1] Delhi University has digitised the majority of its operations in an effort to go completely paperless. The varsity’s administrative and accounts departments have gone completely paperless, having been linked to its E-Samarth portal. The varsity has successfully made most processes such as admission and examination online. Joint Dean (Admission) Prof Sanjeev Singh, who heads the university’s paperless initiative, told the Press Trust of India: “We have linked administrative and accounting work to Samarth in the last few months. We are in the process to link everything to Samarth. We are successful in making most of our processes online.” He said the varsity was completely paperless except for certain operations that were difficult to completely switch to online. “On the surface and administrative level, we are paperless. But in nuances we cannot say it is completely paperless because several processes like examination and mark sheet require paper printing,” Singh said. “Though its digital version is available, there is a requirement for a print version. Attestation of the documents and all other notifications have to be printed.” The process to shift all the university’s operations online started in 2016. However, the initiative picked up pace in the last six months during which the varsity linked most major operations to E-Samarth. It is working to make printing “redundant” and officials said all stakeholders’ participation was needed to achieve that. Dean of Colleges Balaram Pani said digitising would help streamline the varsity’s functioning and reduce paper dependency. “We are making most of the administrative work and accounting work digital. We are creating a digital library. We are creating a digital data bank,” Pani told the Press Trust of India. Pani added that the varsity would link all departments with E-Samarth. He said it required time to digitalise years of data and the varsity was in the process. With inputs from Press Trust of India. [ad_2] Source link

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Rupee may depreciate on strong dollar, elevated crude prices, FII outflows; USDINR pair to trade in this range

[ad_1] Indian rupee may depreciate further on Wednesday amid strong dollar, continuous FII outflows, risk aversion in markets and elevated crude oil prices. Rupee may trade in the range of 77.20-78.50 in next couple of sessions, according to forex analysts. In the previous session, the rupee slipped to close at a new low against the US dollar as a massive sell-off in domestic equities and stronger greenback overseas on investor sentiment. Persistent foreign capital outflows and elevated global crude oil prices also impacted the domestic unit. At the interbank foreign exchange market, the local unit opened at 77.72 and traded between 77.69 – 77.73 range before settling at 77.73, down 7 paise over its previous close. Praveen Singh, AVP- Fundamental currencies and Commodities analyst, Sharekhan “Indian rupee depreciated on Tueaday on weak domestic markets and strong dollar. Equity markets declined by about a percent. Surge in crude oil prices and FII outflows also put pressure on the Rupee. FIIs sold about Rs. 2,397 crore on Monday, while crude oil is trading around $120/barrel. Rupee is expected to remain weak on risk aversion in global markets and strong dollar. Dollar jumped as 10-year US Treasury yields climbed over 3% ahead of the US inflation data due Friday and expectations of 50 bps rate hike in FOMC meeting next week. Traders may remain cautious ahead of RBI’s monetary policy tomorrow. There are expectations of a 0.1%-0.5% rate hike. Rupee may trade in the range of 77.20-78.50 in next couple of sessions. We suggest buying the dips.” Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee continued to trade in a range but the momentum is shifting a little higher ahead of the important RBI policy statement. Expectation is that the central bank could look to raise rates thereby adding upward pressure to bond yields and increasing the need for central bank measures to support government borrowing. The central bank would be looking to reduce liquidity and thereby reinforce its fight against inflation. On the other hand, dollar retraced from higher levels after US equities erased initial declines amid growing hopes that inflation may have peaked.” “Focus will now be on the CPI number that will be released from the US this Friday. A higher number is likely to extend gains for the dollar and build further prospects of aggressive rate by the Fed. Pound rose against the US after falling to a three-week low against the greenback on the heels of British Prime Minister Boris Johnson escaping a confidence vote that left him politically wounded. We expect the USDINR(Spot) to trade with a positive bias and quote in the range of 77.40 and 78.20.” Anindya Banerjee, VP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities “USDINR futures moved up by 10 paise once the spot closed. Offshore is keeping USDINR around 77.95 on June futures, where it closed here at 5:00 pm IST. Spot and futures, both are very close to a breakout. Not just USDINR, event Indian 10-year yields are showing prospect for further run up. If yields move up, it can drag USDINR as well, as FPIs may pull out more investments in the equity and the debt markets. In today’s policy, RBI is expected to raise rates by 25 bps but possibility of a 50-bps is also increasing. RBI may not tinker with CRR but the tone can be quite hawkish. Impact of a rate hikes on Rupee is very contextual.” “In the present context where expectation of lower growth and higher cost of capital is pushing FPIs out of Rupee assets, a rate hike may be slightly negative. Even if Rupee were to appreciate on a hike but eventually it may come under pressure, as RBI is far off from peak rates. Generally, when RBI nears the peak of the rate cycle and market sees inflation topping out, then a rate hike can lead to durable rally in the currency, which is not the case now. Technically a clear break above 77.80 on spot and 78.00/78.05 on June futures can trigger a 40/50 paise run higher.” (The recommendations in this story are by the respective research analysts and brokerage firms. Financial Express Online does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.) [ad_2] Source link

Rupee may depreciate on strong dollar, elevated crude prices, FII outflows; USDINR pair to trade in this range Read More »

Walmart School Supplies as low as $0.35!

[ad_1] Summer has just started, but you can get a head start on your school supplies for fall with these deals at Walmart! Crayola Classic Crayons, Assorted Colors, Back to School, 24 Count – $0.50 Crayola Broad Line Art Markers, Assorted Colors, Child, 10 Count – $0.97 Pen+Gear 1-Subject Notebook, College Ruled, Blue, 70 Sheets – $0.35 Pen+Gear No. 2 Wood Pencils, 12 Count – $0.47 Pen + Gear Composition Book, Wide Ruled, 100 Pages – $0.56 BIC Cristal 10pk Black – $0.97 Crayola Crayons, 64 Count, Assorted Colors – $3.17 Ticonderoga 24 Count Yellow Wood Case Pencil – $3.97 Sharpie Tank Style Highlighters, Chisel Tip, Assorted Fluorescent, 12 Count – $5.97 Choose free in-store pickup to avoid shipping costs. Thanks, Hip2Save! [ad_2] Source link

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On monetary policy eve, markets on edge

[ad_1] Stocks dipped, the 10-year bond yields touched a new three-year high and the rupee fell to a record low in intra-day trades on Tuesday, as markets stayed nervous ahead of the Reserve Bank of India’s monetary policy announcement on Wednesday. The benchmark bond yield closed at 7.5180%, up 2 basis points over Monday’s close. Meanwhile, the US treasury was ruling at 2.98% late Tuesday evening, having earlier overshot the 3% mark. The markets are bracing for a 40 bps hike in the key repo rate and a sharp upward revision in the central bank’s inflation forecast for FY23. Experts said they are pencilling in a peak repo rate of close to 7% by about April next year. Stocks were in the red for the third straight session on Tuesday. The Sensex tumbled 568 points or 1.02% to close at 55,107. 34 as investors continued to take risk off the table. The broader NSE Nifty dipped 153.20 points or 0.92% to end at 16,416.35. Market watchers said positions were offloaded ahead of the RBI policy since a repo rate hike would automatically mean higher home loan rates. Banks have already hiked their lending rates for companies and interest rates could go up further. Higher yields are not helpful for the equity markets. The relentless selling by foreign portfolio investors (FPI) — who are anxious about high inflation and slowing corporate profits — has pressured the Indian currency which slipped by 8 paise on Tuesday to 77.71, according to Bloomberg. The intra-day low on Tuesday was Rs 77.74, a record low. FPIs sold stocks worth Rs 2,397.65 crore on Tuesday, provisional data showed. [ad_2] Source link

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2022 Goals: May Update

[ad_1] I spent some time the past few days reviewing my goals for 2022 and was so thrilled with the progress I made in May! Here’s an update on each goal: Myself 1. Go through 5 She Reads Truth studies for the year. (I’ve been loving going through these studies again this past year, but I realized that it’s better for me to go through much more slowly than what they designate the pace should be. I usually take 2-4 days on each day and that’s worked out well for me so that I’m really soaking the verses and learning from the passages.) May update: So far this year, I’ve finished the Old Testament study, the New Testament study, the Do Not Fear study, and finished the One Another study in May. I’m currently doing the Hosea study. 2. Finish at least 4 books a month. (Last year, I set the audacious goal of reading three books per week. I ended up falling very short of that. So this year, I decided to set a much more realistic goal. I hope to exceed this goal by a lot, but we’ll see! And if you missed it, I’m setting monthly goals instead of yearly goals for reading — and I’m really excited about this approach!) May update: I finished 9 books in January, 6 books in February, 9 books in March, and 4 books in April, and 5 books in May — yay! You can see all my book review posts here. 3. Complete at least 1 craft per month. (I plan to use some of the craft kits that I’ve gotten from Annie’s Creative Girls’ Club and Annie’s Creative Woman Craft Club. Since so many of you purchased the fantastic deals I posted from them, they signed me up for both subscriptions as a thank you! While crafting is not something I’m really gifted at, I find that it is relaxing for me and something that challenges creative parts of my brain that I don’t use very often!) May update: I made stacking bracelets in January, a pillow in February, another stacking bracelets kit in March, an Easter craft in April, and did a painting night in May with some other foster mom friends. Motherhood 4. Have a monthly date with each of the three older kids. (I’m planning on having the kids help me decide what they’d like to do each month. I love hanging out with my kids and I cherish our time together even more as they get older.) May update: Kathrynne and I went shopping together, Kaitlynn and I went to get our mails done, and Silas and I went out to ice cream and to get doughnuts for his birthday. 5. Read 10 chapter books aloud to Kierstyn and Baby D. (I’ve been reading a chapter from a read-aloud book each afternoon before their naps + the reading we are doing as part of Kierstyn’s preschool. While they are little and much of it is over their heads, I love to establish this habit when my kids are tiny so that it becomes an important part of their family culture for the most formative years of their life. Plus, it’s fun for me!) May update: So far this year we’ve finished The Jesus Storybook Bible, Little House in the Big Woods, we finished reading The Imagination Station book #3 in May. Marriage 6. Have a monthly date with Jesse. (While we hope to occasionally get an actual date night out, with multiple little kids, we want to be realistic… so we plan to at least do one Date Night in a Box kit at home every month — even if we can’t get out for a real date every month). May update: Jesse and I went out on two movie dates in May! MoneySavingMom 7. Finish my next book draft. (The first draft is due to my publisher mid-February. Then, we’ll be going through multiple rounds of edits before it goes to the printers. It’s slated to release in spring 2023!) May update: I turned in my book draft in February, met with my editor in March about edits, and turned in the first big round of edits in April! In May, they accepted my edited manuscript and it’s moving on to the second round of edits. [ad_2] Source link

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Primary Elections Live Updates: California and New Jersey News – The New York Times

[ad_1] Primary Elections Live Updates: California and New Jersey News  The New York Times Crime Takes Center Stage In Key California Primary Elections  NBC News California Legislative Races Feature Intraparty Struggles  NBC Bay Area See who is running in Tuesday’s primary election in California  23 ABC News | KERO 8 things to watch in Tuesday’s primaries  CNN [ad_2]

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