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Category: Economic

We could have managed liquidity better, says Raghuram Rajan

Former Reserve Bank governor of India (RBI) Raghuram Rajan said that in retrospect it seemed that the central bank under his government could have handled liquidity in the banking system in some improved ways.

Rajan, however, added that, once the problem of liquidity shortage was rejected by the data, the central bank acted quickly to recoup the situation.

“There is a place where we did not recognize that liquidity was recovering in the system,” he said, adding that “once I saw it in the data, we made a decision very quickly to move towards neutrality, but that is something that should have seen before “.

He was answering a question if he wanted something different in retreat during his three-year term as governor of the RBI.

In an interview with PTI, he said he wished he acted a few months in advance to ease the liquidity situation.

“We were operating from a liquidity deficit system, so the RBI was still working, but it did not work well in this environment.

Having recognized that probably a little later than we would have recognized, we transferred it to a position of neutral liquidity. So this is where I think I can see it happening a few months earlier, “he said.

During the second half of 2015-16, there was a strict liquidity situation in the banking system and was addressed in the policy of April 2016. As a result, banks delayed the monetary policy to customers.

At one point, Bharatiya Janata MP MP Subramanian Swamy accused him of being “mentally not totally Indian” and that his inflationary monetary policy was sweltering growth.

When asked if he wanted to comment on Swamy’s comments against him, Rajan said, “No. I think some problems are not best commented on.

I think as soon as you start to solve these problems, you give it more weight than it deserves, “he said.

(Only the title and image of this report may have been reworked by Business Standard staff, with the rest of the content automatically generated from a syndicated feed).

GoPro Hero 5 Black: Jazz up your moments on camera with ‘QuikStories’ app

If you are an avid adventurer or an avid motorcyclist, you want to record your experience and videos from the social media platform smoothly, here is “GoPro Hero 5 Black” with video control and 4K voice functions. When Indian travelers are looking for practical cameras with high-end features, GoPro, based in the US, has developed a mobile video editing application called “QuikStories” that allows users to share special moments on platforms such as Instagram and Facebook in a heartbeat. Let’s see what works for the device Rs 31,000.

The GoPro Hero 5 Black (2.4 x 1.7 x 1 in. And 118 grams in weight) is a rectangular camera similar to its predecessors but has a curved rim design with a semi-rubberized body that makes it easy to hold . To test the waterproofness of the device (up to 10 meters), we took it to a swimming pool in the neighborhood with a depth of 12 feet and found that water had no impact on the quality of video or sound. It shot 4K videos at 30 frames per second and clicked on sharp photos using the “Electronic Image Stabilization” (EIS) function.

Hero 5 Black allows you to use the touch screen for controls. The physical trigger and mode buttons are still there, but other tasks can be performed with the 2-inch touch screen, such as smartphones. Go right to view the gallery and left to toggle additional settings such as video stabilization. You can use a smartphone to view in real time what the camera captures. Do you need to turn the camera on or off? Say “GoPro turn it on or off” and the voice control function will do the job for you. Functionality also works in noisy environments.

We recovered almost three hours during the filming of videos. Dual microphones with noise canceling technology have captured the sound without any problem. The internal peripherals of the device are well-sealed, hermetically sealed and the camera can help you share videos without having to enter the editing table with ‘QuikStories’ that makes Hero 5 Black a single device. With ‘QuikStories’, the hassle of getting high quality videos that can be shared online is over. Install the camera with your smartphone and launch the GoPro application.

Now let the app automatically copy recent GoPro sequences to your smartphone and create a video regardless of the length you want to share on social networks. We recorded a night scene with the camera in “Gimbal” for GoPro – a device that keeps GoPro stable and eliminates vibration, vibration and noise in the video. When we connected the camera to the phone, we were told to update the software. After installing the update and the ‘QuikStories’ application, the application started copying the images to the phone.

Then we select the clip time and we add text and music and the video was ready to share. ‘QuikStories’ generates polished videos that can be personalized with music, filters and effects. In addition, the video created on your smartphone integrates with popular social networks so that there is no need to rework the clip format.Hero GoPro 5 Black will make all the accessories you have obtained from your predecessors are useless. You can not use any attachments with this unit.

We also experience the remarkable delay between taking photos and videos. The sensitivity of the touch screen was mediocre. Conclusion: It is safe to say that GoPro is undoubtedly a device for adrenaline junkies and travel bugs. With ‘QuikStories’, the ease of sharing your moments has never been so easy.

People in the News

Botox Baron Dies

Celebrity dermatologist FREDRICBRANDT, once called the Baron of Botox, has died aged 65. He apparently hanged himself. According to Dr Brandt’s publicist, he had been suffering from depression for some time and was recently devastated by what is believed to be a parody of him on the Tina Fey comedy series, Unbreakable Kimmy Schmidt. However, she added that he didn’t kill himselfbecause of that one show. An early propo­nent of botox, his clients included Madonna. He was also a writer and radio talk show host.

Raju Sent To Jail Again

B.RAMALINGARAJU was sentenced to seven years in j ail and fined Rs 5 crore after being found guilty of criminal conspiracy and cheating in the Rs 7,000-crore Satyam scam. Touted as the nation’s biggest accounting fraud, it came to light on 7 January 2009 after Raju, the company’s chief, confessed to fudging its account books and profits for years. The scam caused an estimated notional loss of Rs 14,000 crore to investors and unlawful gains of Rs 1,900 crore to Raju and others. Raju had earlier spent 30 months injudicial custody.

FRESHCHARGES

Former CMD of Syndicate BankS.K.JAlNhasbeer booked in a money laun­dering case by the En­forcement DirectorateJt took cognisance of a CB FIR, which had accused Jain of accepting a bribe of Rs 50 lakh through conduits and abusing his official position to en­hance the credit limits cf some firms. He was ear­lier arrested for grantingcredit extension to B h u s h a n Steel after it defaulted 1 on the pay­ment of loan instalments.

Raju Sent To Jail Again

B.RAMALINGARAJU was sentenced to seven years in j ail and fined Rs 5 crore after being found guilty of criminal conspiracy and cheating in the Rs 7,000-crore Satyam scam. Touted as the nation’s biggest accounting fraud, it came to light on 7 January 2009 after Raju, the company’s chief, confessed to fudging its account books and profits for years. The scam caused an estimated notional loss of Rs 14,000 crore to investors and unlawful gains of Rs 1,900 crore to Raju and others. Raju had earlier spent 30 months injudicial custody.

New Turf

  1. SHANKAR, Standard Chartered Bank’s CEO for Middle East, Africa and the Americas, has quit the bank amid a top-level management reshuffle, to pursue his ambition of managing a private equity fund. Shankar, who has been with the bank for 13 years, was instrumental in building its busi­ness and clinching deals. He is the latest among senior executives to leave the bank after chairman John Peace, chief execu­tive officer Peter Sands and Asia chief Jaspal Bindra.Berio Bows OutItalian media mogul and former prime minister SILVIO BERLUSCONI has agreed to sell his football club Inter Milan in a deal worth €1 billion. Ber­lusconi is close to selling 75 per cent of his shares in the seven-time European Cup winners after holding talks with Chinese investors. As part of the deal, Berlus­coni’s daughter Barbara is expected to continue in her post as club director.MARANSINTROUBLEThe Enforcement Directorate attached assets worth Rs 742 crore of former telecom minister and DMKleader DAYANIDHI MAR AN (right) and his brother KALANITHI M A R A N in the Aircel-Maxis case in which they are ac­cused. Dayanidhi had allegedly received Rs 742.58 crore as illegal gratification. Earlier, the CBI had alleged that Dayanidhi forced a promoter to sell his stakes in Aircel and two subsidiary firms to Malaysian firm Maxis Group.

    RAGSTORICHES

    ZHOU QUNFEl, a for­mer factory worker whc founded a company sup­plying Apple, Samsung andothertechnologica giants with touchscreer glass, has become Chi­na’s richest woman, wit” a fortune over $8 bil­lion. Qunfei, the chair­woman and presides of Hunan-based Len: Technology, saw he- wealth soar after the firm’sdebuton the Shen­zhen stock exchange

    FAR FROM FAB

    It’safairbit ofbad pub­licity for Fabindia and n: one will probably knov this better than manag­ing director William Bis- sell. He, along with CEC Subrata Dutta, were summonedfor question­ing by the police afte- HRDministerSmritilrar discovered a CCTVcam­era near the trial roomr a Fabindia store in Goa : Candolim. The store ma lose its trade licence too.

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